et i al i 2001 69 i Evaluation The i evaluation i of i BHPs i CSR i Policy i

# Et i al i 2001 69 i evaluation the i evaluation i of

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et i al i 2001). 6.9 i Evaluation The i evaluation i of i BHP’s i CSR i Policy i resides i in i the i adequacy i of i its i reporting i standards. Clarke i (2007) i argues i that i in i order i for i a i company i to i receive i creditability i they i must i disclose i their i processes, i procedures i and i assumptions i in i reporting. It i can i be i argued i that i BHP i has i intentionally i chosen i not i to i transparently i report i on i the i cases i as i mentioned i in i this i report, i for i the i simple i fact i that i it i leaves i it i open i to i more
Page i | i 13 i i risk i and i public i scrutiny. i However i this i lack i of i acknowledgement i effectively i contradicts i its i stewardship i and i attests i its i reliability. Increased i public i awareness i demands i that i CSR i reporting i will i no i longer i be i used i as i a i public i relations i tool. i This i can i be i seen, i as i mentioned i previously, i through i the i introduction i of i the i Australian i Federal i Government i Mining i Tax i and i other i legislation i such i as i the i UK i Bribery i Act, i both i will i inevitably i have i a i significant i impact i on i the i way i BHP i conducts i its i business. i Additionally i important i are i organisations i such i as i BHP i Billiton i Watch, i which i was i formed i to i deal i with i the i prominent i concerns i of i communities i and i organisations i across i the i world i regarding i BHP’s i activities i (BHP i Billiton i Watch i n.d). 7. i Conclusion: This i study i has i reviewed i the i academic i and i professional i literature i on i the i contribution i of i accounting i and i accountants i to i the i debate i and i practice i of i corporate i social i responsibility. i The i accountant i is i perhaps i not i the i first i person i to i spring i to i mind i when i discussing i issues i of i sustainability, i social i responsibility i and i social i justice. i The i accounting i profession i however, i is i implicated i more i than i ever i when i we i consider i the i role i of i business i in i ensuring i a i better i future i for i our i society i and i our i planet.
Page i | i 14 i It i is i inevitable i that i organizations i such i as i BHP, i in i controversial i industries i such i as i mining, i are i never i going i to i be i holistically i accepted. i However, i today’s i forward i thinking i generation i recognizes i the i impacts i and i challenges i of i CSR i including i safety, i environmental, i community i and i socio-economic i issues. Stakeholders i including i shareholders i demand i greater i accountability i than i simply i financial i returns. i Therefore i verification i and i transparency i are i key i to i BHP’s i success i and i the i credibility i of i its i CSR.

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