CSE1SPX Sustainability Practices

Research Essay:

The role of sustainability frameworks in developing policy.

Objectives

• Understand and explain current sustainability theoretical frameworks• Identify the key requirements of a sustainability framework• Understand how the framework helps address the environmental, social and financial aspects of sustainability within a business

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Background

A business has a legal and ethical responsibility to act in a responsible way. The term corporate social responsibility (CSR) and corporate citizenship are often used to describe the broad social,economic and environmental responsibilities a business has to the wider environment.

Organisations need to examine day-to-day operations for opportunities to improve the conservation of resources. This means not only considering the immediate impact of  business operations, but thelong-term impact that its systems and processes have on the natural world. A sustainability policy needs a scope, framework and clearly defined actions, etc., but how do the frameworks, standards and legal requirements all fit together?

Frameworks

To help with policy development and work out what your policy needs in it, you can use a framework. Typically, large companies such as those that are publicly listed will use a framework.

Tasks

This assessment requires you to research BHP Billiton ‘s sustainability policy and identify the framework used from the list below:• GRI (Global Reporting Initiative)• TBL (Triple bottom line)• CERES• Natural Step.

Research and discuss which framework BHP Billiton uses. Discuss the positive and negative points of using such framework by BHP Billiton. How does it help Corporate Social Responsibility(CSR) of BHP Billiton? What is the policy development challenges of BHP Billiton using such framework? If BHP Billiton uses other sustainability frameworks, what would be the possiblepositive and negative points.