Theoretical Foundations of Accounting

Theoretical Foundations of Accounting
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Abstract
Purpose- The purpose of this study is to find out corporate effort towards environmental
sustainability with accounting as its scale of measurement; as a part of CSR program with the
example of Wesfarmers, an Australian ASX listed company.
Design/ Methodology- The methodology of this study is initiated with identification of research
question followed by literature review of journals and consideration of corporate data on the
subject to analyze their report for last three years.
Findings- The objective of this study is to find out the efforts and approaches of Wesfarmers
towards sustainability of environment for the stakeholders. Three years reports are analyzed to
identify the areas of progress in the aspects of environmental sustainability effort by the
company by accounting parameter set by regulatory bodies.
Discussion- The findings of the study are discussed as per the report and data of the company
related to sustainability effort towards environment with perspective of literature review.
Key Words - Wesfarmers, Sustainability Report, Water and waste usage, Climate Change
Resilience, CO2 emission.
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Table of Contents
Introduction................................................................................................................ 4
Research Question..................................................................................................... 4
Literature Review....................................................................................................... 5
Literature Review 1................................................................................................. 5
Literature Review 2................................................................................................. 6
Literature Review 3................................................................................................. 7
Literature Review 4................................................................................................. 8
Methods...................................................................................................................... 8
Findings...................................................................................................................... 9
Climate Change....................................................................................................... 9
Water Usage and Waste Management..................................................................11
Discussion................................................................................................................ 13
Conclusion................................................................................................................ 14
References:.............................................................................................................. 16
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Introduction
This research paper will emphasize on the implication of Corporate Social Responsibility
Program of the corporate in perspective of environment sustainability action and its relevance
from accounting viewpoint. The research will evolve with the case study of an ASX listed
corporate named Wesfarmers. For this purpose of research, the Sustainability report of
Wesfarmers is considered for the last three financial years ranging from 2016 to 2018.
Sustainability report of Wesfarmers emphasizes on different aspects of corporate operation for its
stakeholders including environment with specific focus on issues like climate change resilience
and waste and water use. These reports will be analyzed in perspective of literature review on the
subject emphasizing on the issues of environment restoration for greener future world from
accounting perspective. The sustainability reports of the company highlight the domains of Key
Result Area to ensure environmental sustainability by Wesfarmers for the community as a part of
its CSR program. This article needs to generate a research question related to the subject.
Through literature review on the subject and the respective corporate disclosure about
environment sustainability, specific research question is set related to the corporate effort to
ensure environmental sustainability with specific focus on reduction of green gas emission
through the effort initiated by the company for their stakeholders. The findings of research are to
be valued by one theory known as Stakeholder theory. At the end, conclusion is to be drawn to
point out the objective of environmental sustainability effort by the company with its success to
facilitate the society and human kind, at large.
Research Question
Are the corporate bodies aware of climate change and use of natural resources for the society?
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