Caltex Australia's Annual Report

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Executive Summary

This report focus on the use of ESG guidelines for reporting within Caltex Australia. Past Annual reports as well as other relevant details published on their webpage is taken into consideration when preparing this report.
According to the findings Caltex follows more than half of the guidelines provided in the ESG reporting guidelines. Being a refiner and a retailer of petroleum in it limits their ability to take actions in a way not to damage the environment. But according the details published in the annual reports they have taken great care to promote sustainability.
Since investors are looking for more ‘Green Business’ concept focused organizations to invest it is a vital fact to take measures to follow the ESG …show more content…

Intention of this report is to provide information regarding the general ESG guidelines and to elaborate on the gap that exist between the current reporting practices and the guide lines.

1.ESG reporting Guide Lines

ESG reporting guide lines broadly classifies the guidelines under 3 main segments for the ease of reporting and understanding purposes. Even though as per the instructions provided in the guidelines it’s not an expected from every entity to follow all the guideline it is highly recommended to make an effort to disclose all the relevant information for the stakeholders Jiang,(R.J. and Bansal, 2003).

Environmental Management
Environmental
Climate change

Human Capital management (including occupational health and safety)
Social
Other Stake Holder Management

Corporate Governance

1.1 Environment

A) Environmental Management

Managing the business chain activities that can directly or indirectly trigger negative externalities to the environment through products, supply chains or through the direct business activities itself (FSC ,2015).

Reporting …show more content…

This stress the importance of paying attention to HCM and labor and human rights (FSC ,2015).

Reporting guidelines;

Qualitative Indicators; Risk Management Processes, Oversight of HCM and OH&S Procedures
Quantitative indicators; Turn over rate, Employee engagement and other related data

B) Other Stake Holder Management

The companies who pays less attention to its other stakeholders are considered as business with risk by majority of the investors. Paying attention to consumers, suppliers and other social groups are vital in this aspect.

Reporting guidelines;

Policies and the code of conduct implemented by the cooperate
Partnerships and other processes which aids in maintaining health relationships with stakeholders
Disclosure of previous related incidents and the cost associated
Surveys, online media and such other stakeholder engagement

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