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Introduction To Management Of AGL Energy And Lendlease

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Question:

Discuss about the Introduction To Management Of AGL Energy And Lendlease Group.
 
 

Answer:

Introduction

This report will outline a comparison between two of the most popular business organizations of Australia which are AGL energy limited and Lendlease Group. Lendlease Group was founded in Sydney in the year of 1958 and is working to develop places that leave a constructive legacy by setting the world leading standards for safety, creativity and sustainability. On the other hand, AGL energy limited is one of the leading integrated energy companies of Australia that is working to develop and operate renewable generations in the country. The comparison between these two companies will be presented in this report based on some aspects such as their vision or mission statement, organization value, corporate social responsibility and stakeholders.

Vision/Mission Statement

AGL Energy Limited:

This organization has more than 175 years of experience in delivering gas, electricity, solar PV and related products (agl.com.au 2017). Currently the organization is serving nearly 4m consumers across Queensland, New South Wales, South Australia and Victoria. The primary mission of the organization is to provide new, creative and integrated offerings to fulfill the changing requirements of the consumers in an always changing energy environment. Business definition of the organization is to harness insights to enrich the energy experience of the consumers; that means the organization is completely committed to do everything for the consumers. In recent times, the organization published its affordability initiatives with the help of community and customer group leaders (Martin and Rice 2015). According to these new initiatives, current commitments of the organization are,

  • Enhance the way the company work with the consumers
  • To invest over $6m within upcoming three years to assist hardship consumers
  • Enhance comparability and transparency
  • Providing precise customer choice
  • Offering direct contact for monetary counselors and society workers

Lendlease Group:

In one word, the vision of this organization is to develop best places. The management of the organization works closely with its clients, investors and societies in Australia and other places (Asia, Europe and America) to develop unique places (Lendlease.com 2017). The organization has mission to establish places can leave a positive legacy and can encourage and enrich the lives of the people. While doing this, the organization always keep safety as the first priority along with creativity and effective solutions that can deliver long term sustainable outcomes for all the stakeholders (Psaros and Seamer 2015). Therefore, the major principles of the organization are safety ( a place that can care for people), sustainability (decisions of the company now, can improve the lives of people in the future), diversity and inclusion (motivating dissimilarities by working together) and focus on consumers (everything that the company does, it does for the consumers) (Lendlease.com 2017).

Value of the organizations

AGL Energy Limited: The five values of the organization are one team, delivery, authentic, safe and sustainable (agl.com.au 2017).

Lendlease Group: For Lendlease group, the pillars of the company’s value are hereby defined in the table below.

Pillar

How the pillar is provided

Value created by the pillar

Financial

This organization provides returns to the security holders and has adopted a sensible approach to capital management with a view to uphold tough balance sheet position during market cycles.

Margins, fees and ownership returns across establishment along with construction and investments.

Health and safety

The organization is completely committed to ensure the safety of its people. The organization has implemented a Global Minimum Requirements (GMRs) to offer continuous standard to all the operations. These GMRs not only help to provide physical safety but also helps to ensure health and well being of the people (Lendlease.com 2017).

Every stakeholder of the organization has given the right to be safe and well. The management believes that safe operations ensure that people feel valued that makes the organization more reliable, consistent and efficient in everything they do.  

Customers

Consumers are considered as the primary contributor in terms of long term success and growth. The management is currently working to develop a framework that will help to provide consistent consumer experience within all the operations of the organization.

The management believes that if the customers are satisfied then the organization will be able to gain more opportunities and will be able to sustain tenancy across their assets.

Employees

A culture of collaboration is effectively implemented by the organization in its workplace. In the company, employees are recognized and rewarded for their success and brilliant performances.

The authority of the organization believe that capable and encourage employees are more productive and committed to the long term success for the organization.

Sustainability

Through the portfolio of international urban establishment, the organization is successfully delivering environmental, social and economic outcomes.

Recognized leadership in

Sustainability enhances the brand which is a competitive differentiator. Being sustainable means the company wins

work and we attract capital from

investors with Environmental,

Social and Governance (ESG)

mandates

 

 

Corporate Social Responsibility and Sustainability: AGL Energy Limited:

Some policies undertaken by the management of AGL to promote sustainability are hereby mentioned below.

GL Greenhouse gas policy:

The organization revised its policy related to sustainability in the year of 2015 and stated that the organization is all set to move to a carbon constrained future (Bruwer et al. 2014. It has also provided a framework within which the organization will develop its carbon reduction activities.

Measurement of Greenhouse Gas Emissions:

There are three approaches followed by the organization to evaluate its greenhouse gas emissions. First, the operational greenhouse gas footprint is covering the emissions from all the operations of the organization (agl.com.au 2017). Second, the impartiality greenhouse gas footprint sets out AGL’s share (by proportion of speculation level) of the emissions from completely or moderately owned assets, not considering who operates the asset. Third, the organization is covering emissions from the production, distribution and transportation along with consumption of electricity and gas (Strengers and Nicholls 2014).

Enhancing effectiveness of power stations:

The organization is actively engaging in operations in both Hunter Valley and Latrobe Valley. The management is few steps away to implement de-carbonized energy systems to make sure that affected communities are not left behind (Macfarlane et al 2014).

Investing in low emission technologies:

The management has planned to invest heavily in low emission technologies; however, this plan of the organization is facing several major issues (agl.com.au 2017).  Some of these issues are oversupply in the energy generation sector, challenges to exit for ageing coal-fired power stations and uncertainty of policies related to renewable energy.

Lendlease Group:

This organization has a long history of delivering similar focus on environmental, social and economic outcomes in order to react to the complex worldwide forces shaping the future. The management of the organization is actively committed to its long-term goals to provide sustainability (Bepari et al. 2016). These goals include putting health and wellbeing of the people in the first place, developing more water that anyone can consume, using green energy, eliminating waste, and developing an inclusive and diverse atmosphere in which people can prosper. On the other hand, the organization is proudly supporting Better Build Green that is the World Green Building Council’s fresh campaign to comply with the UN climate change negotiations (Lendlease.com 2017). The organization has already undertaken materiality evaluations using several indicators such as Global Reporting Initiative (GRI), Dow Jones Sustainability World Index (DJSI), Global Real Estate Sustainability Benchmark (GRESB) and Australian stock Exchange (ASX) listing policies and legislations.

On the other hand, the organization is also developing close relationship with the stakeholders such as consumers, investors and employees. The management collects regular feedback and support via customer and worker surveys along with social media campaigns and face-to-to face communications (Evans and Niesche 2016). Besides, the organization is also regularly monitoring its activities in supply chain to make sure that all the subordinate companies are following rules and regulations related to human rights, environment, anti-corruption and responsible labour practices. The organization complete understand its impact on the environment and evaluates its performance to enhance its methods of doing things in the projects. It helps the organization to develop new benchmarks (Vella and Lake 2014). This organization has a CSR rating of 64 (overall) where it got 68 for environment, 60 for communities, 65 for employees and 61 for governance.

Stakeholders

The major stakeholders in the case of both the companies are its consumers. The managements of these two companies have placed the requirements and demands of the customers in the center and are developing strategies around those consumers. However, there are some other stakeholders are also there for the companies such as their investors, employees, third party organizations and environment.

Conclusion

In the end, it can be concluded that both the organizations have developed their business strategies after carefully monitoring the requirements of the consumers in today’s ever changing world. As AGL Energy has an experience of more than 175 years, it has been successfully operating and fulfilling the needs of the consumers. However, Lendlease is also doing their best to win the hearts of the consumers. In terms of corporate social responsibility, Lendlease has an upper hand over AGL energy limited. Currently AGL is facing some issues while implementing their goals related to CSR and sustainability. On the other hand, Lendlease has successfully placed them as an organization that puts more emphasis on CSR.

 

References

agl.com.au., 2017. AGL | Electricity Providers | Gas Suppliers | Solar Energy. [online] Agl.com.au. Available at: https://www.agl.com.au/residential [Accessed 16 Apr. 2017].

Bepari, M.K., Bepari, M.K., Mollik, A.T. and Mollik, A.T., 2016. Stakeholders’ interest in sustainability assurance process: An examination of assurance statements reported by Australian companies. Managerial Auditing Journal, 31(6/7), pp.655-687.

Bruwer, J., Lockshin, L., Saliba, A. and Hirche, M., 2014. The cellar door: Cornerstone of the direct-to-consumer marketing channel. Australian and New Zealand Grapegrower and Winemaker, (608), p.22.

Evans, N.W. and Niesche, C., 2016. Time for change. Company Director, 32(6), p.22.

Lendlease.com., 2017. UK Home | Lendlease. [online] Lendlease.com. Available at: https://www.lendlease.com/ [Accessed 16 Apr. 2017].

Macfarlane, M.P., McArdle, M.P. and Calabria, F., 2014. Eastern Australia’s Energy Markets Outlook 2014. Policy, 16, p.19.

Martin, N. and Rice, J., 2015. Improving Australia's renewable energy project policy and planning: A multiple stakeholder analysis. Energy Policy, 84, pp.128-141.

Psaros, J. and Seamer, M., 2015. Ranking Corporate Governance of Australia's Top Companies: A Decade On. Australian Accounting Review, 25(4), pp.405-412.

Strengers, Y. and Nicholls, L., 2014. Submission to the Australian Government’s Energy White Paper–Green Paper.

Vella, M. and Lake, N., 2014. Process improvement and managing complexity on the front line: A lend lease approach in civil engineering (1101). In Mastering Complex Projects Conference 2014 (p. 33). Engineers Australia.

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