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Corporate Social Responsibility - BHP Billiton

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Added on  2021-05-31

Corporate Social Responsibility - BHP Billiton

   Added on 2021-05-31

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RUNNING HEAD: Digital Media influences the student’s lives0BHP BILLITON COMPANYCorporate Social Disclosure
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Article Review1 Introduction With the ramified changes in economic, the corporate social responsibility of thecompanies has been gaining momentum throughout the time. In this case, the BHP BillitonCompany is Anglo-Australian multinational mining, metal and petroleum dual-listed publiccompany which is having headquartered in Melbourne and its case related to CSR have beenanalysed. After evaluating the case of The town of Bento Rodrigues, it has been analysedthat the BHP Billiton Company has faced high financial and non-financial loss and theincident has also resulted to death of 600 people (BHP Billiton, 2017)The CSR activities of company are also famous with its other name such as corporatesustainability, responsibility of the corporate and sustainable busienss. It is observed that thework of company should go hand on hand with the society for rendering the better benefits tosociety.
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Article Review2`The CSR disclosures in Sustainability report of BHP Billiton’s, regarding the unfortunatefailure of the one of Samarco’s two primary tailings dams on 5th November 2015 presents anoverview of the tragic disaster from the point of view of BHP Billiton. The failure resulted inflooding of the communities of Bento Rodrigues, Gesteira, Paracatu, Rio Doce and severalother downstream communities due to emission of a momentous volume of mine tailings. It’sbeen observed that the said organisation has certainly mentioned the loss caused to thesociety, due to the disaster, in terms of life (19 people died; aquatic fauna affected; 2,200hectares impacted along 650 river kilometres; severe impact on public and privateinfrastructure along with relocation of 3 communities), economy (inability of 7500 fishermanto sell fish due to fishing ban; impact on 300 rural producers with many other unable tocontinue producing) and environment (Water shortage in 10 cities) with considerate database.An apology extended for the same seemed courteous as well. The immediate response taken by the organisation for the betterment of the affected, byextending temporary aids with respect to shelter, water and food; sending off geotechnical,disaster relief and humanitarian response experts, along with senior health and safetyexecutives, environmental scientists and several other support staff; setting up of permanentpresence in Belo Horizonte, seems remarkable and are explicitly mentioned (Blowfield,Karam, & Jamali, 2017).Voluntarily assuming the responsibility Samarco deployed its thousands of employees forpost disaster restoration and reconstruction. Even the employees served as building hands forthe reconstruction of the damaged done to society by renovating homes, rebuilding roads,bridges and schools; rescuing and caring for animals; and delivering essential supplies toimpacted families. The commitments made and undertaken by Samarco have been brieflydisclosed too (Blowfield, Karam, & Jamali, 2017).The legitimacy of company had been certainly eroded and it calls for other seriousconsiderations to be thought over. Mere voluntary regulations on part of it cannot suffice.Proper control is needed to ensure that the organization adheres the legitimacy with which thesociety has counted upon and complies the basic principles of integrity, transparency, andaccountability and due diligence.
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