Wave Master Ltd: Accounting for Sustainable Management Report Analysis

This report examines the sustainable management accounting practices of Wave Master Ltd (WML), an Australian company producing wetsuits and surfboards. The report focuses on improving organizational capacity through a sustainable culture, maintaining workplace standards in outsourced factories (particularly in Bangladesh and potential future dealings with China), and ensuring employee satisfaction and well-being. It emphasizes the importance of implementing health and safety programs, providing fair wages, and addressing potential issues like harassment, with recommendations to utilize the balanced scorecard for measuring and improving sustainability. The report references key literature on the subject and highlights the importance of sustainable development for competitive advantage.

Running Head: Accounting for sustainable management
Accounting for sustainable management

Accounting for sustainable management 1
Contents
Organisation capacity......................................................................................................................1
Improve sustainable culture.........................................................................................................1
Maintain Workplace standard at out-sourced factory..................................................................1
Ensure and improve employee’s satisfaction..............................................................................2
Ensure and improve employee’s health and safety......................................................................2
References........................................................................................................................................3

Accounting for sustainable management 2
Organisation capacity
Wave Master Ltd (WML) is an Australian company that came into the existence in the year 2001
and it was founded by the Mr. Bobster. The company deals in producing wetsuit and surfboards
that is made up of using environmentally friendly materials. The company has the ability and
capacity to bring improvement. For Organisational capacity, sustainability refers to as creating a
culture that values sustainability, reflected in the selections that employees make every day
(Rohm and Montgomery, 2000).
Improve sustainable culture
The improvement in the sustainable culture is required in WML. To improve the sustainable
culture the company should bring the positive environment. To improve the sustainable culture
the company should educate and engage the employees towards the green teams, social media,
volunteerism, and awards along with the incentives. The top leaders and management of the
company together vision the goals and strategies that help in improving the sustainable culture
(Huang, Pepper, and Bowrey, 2014). To improve the culture the company should encourage and
should focus on the sustainable products with open participation and engagement of employee.
This improved culture enhances the efficiency of the company (Rohm and Montgomery, 2000).
Maintain Workplace standard at out-sourced factory
The company is currently involved in outsourcing the wetsuits production to a company who is
operating a business in Greater Dhaka Area which is situated in Bangladesh. The name from
where WML outsource the products is Hasan Fashion. Furthermore, the WHL Company wants
to perform the deal with China to outsource the products. The company knows that in China the

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company will find the better quality of bamboo and the production cost will be low. At this entire
outsourced factory, the company should maintain the workplace standards. These standards
include the health and safety of employees who are working in an industry. The history of
Bangladesh people in health and safety is bad (Unicef.org, 2017). The company should make
sure that they make use of proper safety measures and also provide compensation for health
issues. Most of the workers are women in a factory and they are hired on fewer wages, the
working hours are long for them, they also find the harassment issues. The WML Company
should form policies in which they commit to providing the minimum wages and other facilities.
The company should make use of the balanced scorecard with the help of which the company
can improve the sustainability (Epstein, M.J., and Winser, P.S., 2001).
Ensure and improve employee’s satisfaction
The facilities and compensation will help the company in satisfying employees. The company
should provide the health and safety facility and compensation along with that the company
should offer the minimum wage to the women’s at a factory. The company should also provide
the bonus and incentive facility that is going to motivate the employees of WML and leads to the
employee’s satisfaction. The company should make the strict policies and plans for the
harassment so the female workers safely work in the company with the help of the balanced
scorecard. If a company will find an employee who will not follow policies then the company
should ask the person to leave.
Ensure and improve employee’s health and safety
WML Company ensures and improves the employee's health and safety as the report shows that
there are 200 workers who are employed in a factory. The employees have the chances of having
health problems. To improve the health condition and to reduce hazards the company is

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implementing the safety programs. The company should manage and monitor OHS risks
according to the law. The health measures are included in the learning and growth perspective
which is one of the elements of the balanced scorecard. Sustainable development is one of the
activities that receive sustainable organizational lip service but it is one of the important
contributors to competitive advantage either in times of the financial health (Butler, Henderson,
Raiborn, 2011).

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References
Rohm, H. and Montgomery, D., 2000, Link Sustainability to Corporate Strategy Using the
Balanced Scorecard, Regency Parkway, Suite 425, Cary, North Carolina 27518 USA
Butler, J.B., Henderson, S.C., Raiborn, C., 2011, Sustainability and the Balanced Scorecard:
Integrating Green Measures into Business Reporting, Management Accounting Quarterly, 12(2),
Epstein, M.J., and Winser, P.S., 2001, Using a Balanced Scorecard to Implement Sustainability,
John Wiley & Sons, Inc.
Huang, T., Pepper, M. and Bowrey, G., 2014, Implementing a Sustainability Balanced Scorecard
to Contribute to the Process of Organisational Legitimacy Assessment, Australasian Accounting,
Business and Finance Journal, 8(2), 2014, 15-34.
Unicef.org., 2017, Women and girls in Bangladeseh. Viewed on 2nd January 2017,
https://www.unicef.org/bangladesh/Women_and_girls_in_Bangladesh.pdf