Foundation in Accounting: Sustainable Innovation and Practices of Rio Tinto

Running head: FOUNDATION IN ACCOUNTING
Foundation in Accounting
Name of the Student
Name of the University
Author Note

1FOUNDATION IN ACCOUNTING
Table of Contents
STUDENT 1....................................................................................................................................2
Introduction..................................................................................................................................2
Innovation and Performance........................................................................................................2
Pushing the frontier......................................................................................................................3
Student 2..........................................................................................................................................3
Sustainability report for 2015......................................................................................................3
Environmental disclosures-.........................................................................................................3
Social disclosures.........................................................................................................................4
Student 3......................................................................................................................................5
The student will discuss about the sustainability practices for the year 2018.................................5
Sustainability report for 2018......................................................................................................5
Environmental disclosure............................................................................................................5
Social disclosure..........................................................................................................................5
Conclusion...................................................................................................................................6

2FOUNDATION IN ACCOUNTING
STUDENT 1
Introduction
The introduction covers the following points on sustainable innovation:
 Sustainable innovation is an all encompassing innovative practice that leads to greater
profits, better social results and less environmental consequences.
 It includes practices like changing consumer behaviors, using more renewable
technologies etc.
 It facilitates change in business practices that leads to cost reduction and helping
companies to grow and evolve.
Innovation and Performance
 Most multimillion companies disregard environmental implications over financial
perspective. These implications are borne by the society which in turn benefits the
shareholders.
 The relationship between financial performance and ESG performance can be shown
with the help of a curve called the performance frontier curve
 The steeper the downward curve, the greater will be the negative impact that the ESG
performance will have on the financial performance
 The steeper the upward curve, the greater will be the positive impact that the ESG
performance will have on the financial performance.