Question:
Describe the Sustainability Accounting and Reporting.
Answer:
Global Environmental Issues
Some of the life-threatening ecological concerns that mankind faces in an progressively global society includes deforestation which leads to biodiversity loss and land degradation, extensive use of chemicals which pollutes the air, increase of greenhouse gases which causes global warming and water pollution which makes it difficult to access clean water.
Australian Environmental Issues
Australia also participates in the agenda of climate change as it uses and consumes significant amount of energy. Therefore the government focuses on sustainable development.
Corporations and Environmental Issues
Corporations are also held accountable with regards to the environment. There is a local and international pressure for corporations to act in relation to the effect they have on the environment. Corporations through their activities use natural resources and energy which produces waste products that are disposed to the environment.
Mining Corporations and the Environment
There has been a shift in the minerals industry from a pure economic focus to an economic, environmental and social approach (Lodhia, 2007). Environmental issues are of critical importance to corporations in the minerals industry. Corporations have acknowledged their environmental responsibilities, with international bodies and guidelines being developed in recent times to encourage companies to address environmental issues (Lodhia, 2007).
Australian Mining Corporations and the Environment
The economy of Australia is heavily reliant on minerals. The country is the leading producer of minerals. The industry although has adverse effects on the environment.
Summary
The paper looks at ways that have been taken to look into the effects corporations have on the environment by the Australian government within the mineral industry.
Bibliography
Lodhia, S., 2007. Corporations and the Environment: Australian Evidence. The International Journal of Environmental, Cultural, Economic and Social Sustainability, III(3), pp. 189-190.
