Sustainability in Reporting
Discuss about the Sustainability Report of Holden Cars.
The company Holden has a commitment to undertake a leadership role in the fields of particularly energy as well as sustainability. In essence, the Lion Brand has introduced specialised Energy as well as Environment Strategy.
Strategy of sustainability incorporates different aspects namely safety, technology, environment, operational excellence, community, opportunity and corporate governance among many others. The strategies of sustainability maintenance is expected to reach specific outcomes and goals that include acquiring customers for lifetime, developing the brand, establishing a leadership position in both technology as well as innovation, enhancing core efficiency and developing culture to win (Schaltegger et al. 2017).
The current concern regarding sustainability is essentially rooted in increasing awareness that human actions have effective environmental influences that can exert economic, social as well as ecological costs. In addition to this, issue of air pollution throughout the world, varied durable impacts of manufactured toxins, various degraded natural resource for instance, pollution of fresh air, issues in fisheries, various cross border feature of different environmental issues. In essence, there is necessity to view influence of human from a wide perspective. There are various concerns encountered and interests in particularly sustainability replicates concern regarding risks of long term of present consumption of resources, representing goals of particularly “intergenerational equity” as well as ecological integrity (Eizenberg and Jabareen 2017). In particular, equity of the future period as well as environmental quality is specific concerns. As per news, Holden decided to stop operations in the nation Australia in the year 2017. Approximately 3000 workers might lose jobs over the upcoming four years since the manufacturer decided to end.
The company Holden is considered to be global leader particularly for the actions as well as strategies of the company to address various changes in the climate. In essence, the company makes effort to address changes in climate not only to improve the entire environment but also to deliver both customer as well as business value. The company has attained climate disclosure scores in particularly the United States of America (USA). This company strives to contribute towards cleaner grid and has saved roughly $73 million for the energy and efforts of efficiency for this specific year itself and works on a plan to satisfy needs for electricity in 350 operations in roughly 59 nations having renewable energy by the year 2050. Furthermore, the company utilizes approximately 106 MW of specifically renewable energy that in turn leads to saving of around $ 5 million each year as a consequence. Also, risk is also reduced when decreasing energy
Strategy of sustainability of Holden Cars
Current practices of the company include decarbonisation of automotive transport for maintaining clean automobiles. In essence, the company also convened by means of World Economic Forum. In essence, this coalition that helps in maintaining clean, safe as well as affordable automotives is not just for the privileged few now (Clayton and Radcliffe 2015).
The company has prioritized the research and development efforts to enhance efficiency of fuel of particularly internal combustion engines. This also helps in exploration, development as well as commercialization of energy efficient drive trains and usage of low level carbon fuels (Benn et al. 2014).
Also, the company also advocates different policies that again position a value on particularly reduction of green house gas, (for instance, incentives for highly technologically induced vehicles, superior system of urban planning to lessen growth in travel, incorporation of different off-cycle technologies as well as transportation fuel pricing). There is need to harness the potential of new technologies, digitalization as well as sharing economy to deliver novel and at the same time flexible opportunities for the purpose of transport. The efforts of the company also intend to address change in climate that are comparatively more effective in case if the same is executed as a collaborative effort (Neubauer and Lank 2016). In particular, collaboration can be considered to be an important point to attain bold vision. The company takes a multi-stakeholder tactic with strong partnership (both private as well as public). However, the company also encourages government of the corporation to undertake a broader approach to regulate carbon dioxide, worldwide standardization in the process of examining processes that can enable research as well as development budgets to enhance carbon dioxide. The company also inspires execution of consistent, cost effectual, long term strategies along with incentives to aid in the process of bringing advanced technology.
Organizational sustainability has been directing the decision-making procedure of managers in a bid to create competitive advantage (Schmitt et al. 2016). Managers are an important stakeholder of the firm. Therefore, managers have the need to innovate their perception regarding the efficiency of its products, services, and technologies employed in its procedures for enhancement of sustainability. Further, sustainability practices of the firm Holden is observed to be undertaken by corporation in the execution of sustainability in the category of environment There are practices that are observed to fight against fraud, management of supplier, concentration on sustainability, management of risk, opportunities, satisfaction of employees, and satisfaction of customer (Visser and Tolhurst 2017). Business concerns are continuously tracked by their financiers well as civil community, satisfying the stakeholders’ demands as well as other concerned parts. The stakeholders’ participation is vital for development of a stratagem with precise aims in the environmental facet (Waas et al. 2014). The sustainability practices affect the customer relationship management that is in relation to financial decision making. The company takes into account environmental as well as social matters for improving sustainability of stakeholders (Wood et al. 2014)
Current issues of sustainability reporting
The government also get influenced by the sustainability practices of the firm. Form example, the company Holden Cars has averted 228K metric tons of potential carbon every year by introduction of various light weighting initiatives. Essentially, advanced 10 models has reduced approximately 3600 pounds all together. This has also assisted governments in achieving their own environmental sustainability initiatives. In association to Robeco SAM for particularly the second year, the company has become the only auto manufacturer on the entire North America Index of the leading worldwide benchmark for the purpose of corporate sustainability. Also, the company provides grant of approximately $250000 to “girls who code” also inspire middle as well as high school girls to pursue education. This encourages public welfare and assists government as well (Childers et al. 2015). Furthermore, Holden has 60 Models that has received highest total vehicle score for the purpose of safety in local new car assessments throughout the world during the year 2016. There were savings of energy during the year 2016 as a consequence of installation of 186000 LED bulbs as well as fixtures. Also, there are 152 non-manufacturing together with 100 manufacturing land fills free area throughout the area.
The competitors that are identified for the chosen company of Holden motors are Ford Motors Company, Honda Motors Co., Ltd and Toyota motor Corporation Australia limited. During the comparison of the Holding motor sustainability, it can be said Holden motor encourages its customers and shareholders and increases its operational efficiency, mitigating risk and improving the communities where it operates. The company innovates in lower carbon usage similar to Honda motors. Moreover it offers driving towards zero waste and implements in building a clean energy economy (Crane and Matten 2016). On the other hand Ford offers its customers advanced safety technological standards thatis not yet stared in case of Holden Motors. Honda motors has a special feature for sustainability, it is to build a clean energy economy which the other two has not been adopted yet.
The Company of Holden Moto as a CSR rating of 57 as compared to all other companies. The rating is in terms of Communities, employees, environment and governance. The community includes the social works conducted by them. The various education and sustainability programs includes in this context (Mowforth and Munt 2015). When it comes to employees, it regards to the internal control implemented by the company for the benefits of their employees. The environment includes the factors that have been considered by Holden the development and sustainability of the ecology and the environment. The governance takes care of the responsibility of the General motors for sustainable governance within the organisation.
The company can undertake green as well as sustainable strategy for involving in discovering diverse ways of utilizing green methods of operations. Also, the company can carry out life cycle analysis to comprehend long term influence of various chemicals in the specific environment, that is to say specifically, persistence, global warming, ozone depletion to take account for different properties within large intricate systems analysis. Enhancements are also required for both quantity as well as quality of data necessary for different kinds of comparisons. Particularly, there is a requirement for proper understanding of particularly methodology of particularly life cycle evaluation.
References
Benn, S., Edwards, M. and Williams, T., 2014. Organizational change for corporate sustainability. Routledge.
Childers, D.L., Cadenasso, M.L., Grove, J.M., Marshall, V., McGrath, B. and Pickett, S.T., 2015. An ecology for cities: A transformational nexus of design and ecology to advance climate change resilience and urban sustainability. Sustainability, 7(4), pp.3774-3791.
Clayton, T. and Radcliffe, N., 2015. Sustainability: a systems approach. Routledge.
Crane, A. and Matten, D., 2016. Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press.
Eizenberg, E. and Jabareen, Y., 2017. Social sustainability: A new conceptual framework. Sustainability, 9(1), p.68.
Mowforth, M. and Munt, I., 2015. Tourism and sustainability: Development, globalisation and new tourism in the third world. Routledge.
Neubauer, F. and Lank, A.G., 2016. The family business: Its governance for sustainability. Springer.
Schaltegger, S., Burritt, R. and Petersen, H., 2017. An introduction to corporate environmental management: Striving for sustainability. Routledge.
Schmitt, E., Keech, D., Maye, D., Barjolle, D. and Kirwan, J., 2016. Comparing the sustainability of local and global food chains: A case study of cheese products in switzerland and the UK. Sustainability, 8(5), p.419.
Visser, W. and Tolhurst, N., 2017. The world guide to CSR: A country-by-country analysis of corporate sustainability and responsibility. Routledge.
Waas, T., Hugé, J., Block, T., Wright, T., Benitez-Capistros, F. and Verbruggen, A., 2014. Sustainability assessment and indicators: Tools in a decision-making strategy for sustainable development. Sustainability, 6(9), pp.5512-5534.
Wood, R., Stadler, K., Bulavskaya, T., Lutter, S., Giljum, S., de Koning, A., Kuenen, J., Schütz, H., Acosta-Fernández, J., Usubiaga, A. and Simas, M., 2014. Global sustainability accounting—Developing EXIOBASE for multi-regional footprint analysis. Sustainability, 7(1), pp.138-163.
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