BFM223
SUSTAINABILITY ACCOUNTING AND ACCOUNTABILITY
MSC IN ACCOUNTING AND FINANCE (PTABAB061)
INDIVIDUAL COURSE ASSIGNMENT
CANDIDATE: 515531
WORD COUNT: 3,358
DATE OF SUBMISSION: JANUARY 10, 2013
ASTON BUSINESS SCHOOL (ABS)
TABLE OF CONTENT
Part Topic Page
1 Introduction 1
2 Sustainable Development- The Background 1
3 Compliance of CLP Sustainability Report with GRI’s Sustainability Reporting Guidelines 2
3.1. Strategy and Profile 3
3.2. Management Approach 5
3.3. Performance Indicators 5
3.4. GRI Guidelines 7
3.4.1. Strategy and Analysis 7
3.4.2. Organizational Profile 7
3.4.3. Report Parameters 8
4 Literature Review on CLP’s SR 8
5 Assurance of CLP SR 11
6 Conclusion 14
7 References →
1.…show more content… In order to meet their commitments to ensure their vision and mission, CLP adopted following policies and codes:
Human Resources Policy Statement
Environmental Policy Statement
Occupational Safety & Health Policy Statement
Customer Service Quality Policy Statement
Responsible Procurement Policy Statement
CLP’s Code of Conduct is a key component of its corporate governance framework. It translates and articulates commitments to all the company’s stakeholders in a set of formal written requirements. It provides the guiding principles for all company employees to do what is right, behave with integrity and honesty, treat people fairly, respect diversity, obey all laws, accept accountability, communicate openly, and always behave in a way that is beyond reproach.
CLP has a Sustainability Committee which oversees CLP’s position and practices on sustainability issues, principally in relation to social, environmental and ethical matters, that affect shareholders and other key stakeholders.
CLP in its environmental risks section describes the impact of power generation on the environment and stated that the power industry is one of the sectors most exposed to environmental. To offset these risks CLP has implied several measures which are listed along with problem statement in environmental risks section.
CLP adopted “Striking a Balance” strategy to balance their investment decisions – a balance that must be maintained over the life of the
