Companies and Sustainability

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Sustainability is about the planet- healthy relation among people, profit and planet. Individual effort to earn money by business activity in the earth should be harmless to environment where it operates and beneficial to the people surviving in that society.

The individual effort for accomplishment of sustainability is impossible with out the support of companies. Company’s operates not only for today but it aim to success in future. Whereas, BHP Billiton is a multinational mining (i.e. metals, petroleum, coal, aluminium, manganese) company who believes environmental and social performance is vital for the business. It businesses in 17 countries, is headquartered in Melbourne, Australia and has been titled as the largest mining industry worldwide proven by 2013 revenues. Being an enormous business it has even massive corporate responsibility, toward the planet as a whole. Sustainability reporting is now compulsory social report for companies to issue explaining about the economic, environmental and social impact of the organisations activity and BHP Billiton has proven to raise awareness in corporate transparency issues and increase accountability for the responsiveness towards stakeholders. Environmental cost being difficult to locate the company has been cooperating its responsibility towards society and environment by publishing sustainability report, Annual Health, Safety, Environment and Community Reports since over a decade. (Our Company,BHP Billiton, 2014).

There must be accountability and disclosure of the activities that are being undertaken and the way they are spending in order to explore corporate responsibility. While BHP Billiton being a participant to a number of voluntary agreements on human rights and implemen...

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...ds the environmental reports, sustainability reports- its role towards the society, Employees, resources and reserve current conditions. The company has successfully played the role of CSR by providing internal as well as external assurance to stakeholder groups by perfect disclosure of its action and its effect towards environment through “Corporate Governance Statement” in its annual report. According to BHP Billiton Annual report 2013, “our purpose is to create long-term shareholder values through the discovery, acquisition, development and marketing of natural resources”. It focuses on creation of values, targeting on Sustainability, Integrity, Respect, Performance, Simplicity and Accountability. The company aim to get successful relation between company’s stakeholder by incorporating updated social and environmental accountability. (BHP Billiton Limited, 2013).

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