Social and Environmental Accounting Research Paper

Social and Environmental Accounting - Research Paper Example This report states, Western Australia has implemented a water minimization program in 1997 and its implementation led to the reduction of usage of water, saved the company thousands of dollars and reduced their level of reliance on the water that is supplied by the municipal council. The objective of implementing this program was to optimize the water supply and also reduce the rate of consumption of poor quality drinking water that could be a health hazard to the residents of the area and minimize the flow of untreated waste water that was being discharged to the environment (BP, 2006). BP refinery processes over 138 barrels of oil per day .The refinery equipments and machinery ensures that the raw materials are processed into complete finished products. The management of the company found it worthwhile to be conservative after becoming more water conscious and water efficient. BP implemented various strategies that were aimed at improving the rate of performance within the organization. The strategy includes; delivery of water that is of high quality for consumption, minimizing on the cost of running the operations of the organization and maximizes the profits of the organization. It also minimizes the potential environmental risks from water that is being dis charged from the environment (Bp, 2006). The managemenThe management of the BP Company published the sustainable report 2007, addressed issues that are related to the observance and recognisition of the audience as important persons within the community. It also states that the major stakeholders' role within the community involves meeting the needs and wants of the customers within the stipulated period of time. The major stakeholders include academicians, investors and other non-governmental organizations (Appendix 1, Bp, 2007, cover page). BP sustainability refers to the capacity to endure and meet the needs of the people through renewing their assets, creating and delivering different kinds of products and services that can meet the needs of the people within a given period of time. It also refers to the process of ensuring that the rights of people are respected and observed in order to enable them carry out the tasks that have been assigned to them and also ensure that the operations and activities carried are undertaken in the appropriate manner. Moreover, Bp also ensures that the mutual trust and support that is bestowed on the customers, shareholders and the communities is maintained so that the activities of the company can continue into the foreseeable future (Burke, 1999). In similarity to BP water minimization program, Thames report was prepared and aimed at identifying the cause and solutions of flooding observed in Bowmonts Road. This report states the impact of the proposed development in River Tadley that would have been undertaken on the network. Besides that, is also intended to identify the options that can alleviate foul flooding in the region and also to provide the cost estimates for options