Analysing the detailed information about their various performance, their concise explanation of the challenges faced, the reasons to data fluctuations and lack of accuracy in some circumstances and their illustrated support and strategies for finding solutions, offers an impressive and convincing analysis of challenges, progress and problems. Also, the inclusion of a life cycle structure is encouraging as it indicates their intent to analyse sustainability from a life cycle perspective in order to optimise results.
This report clearly follows the GRI laid out guideline for corporate sustainability reporting covering their vision, strategies, policies and performances. It subsequently reveals the major issue confronting the oil and gas sector …show more content…
“To assess how carbon policy and regulation will affect our businesses and our products in the future, we closely monitor national and international climate and energy policy developments and we advocate constructively for policies that are environmentally effective, economically efficient and equitable” (Rio Tinto, 2015b; p.Environment8), the reason for their delay is embedded in their drive to maximize gain as exemplified above.
Irrespective of such glitches, it is noteworthy that Rio Tinto works closely with its suppliers to meet an ethical baseline in their operations “Rio Tinto’s set out the expectations the Group has of its suppliers in relation to a wide range of issues, including safety, environment, business integrity and human rights” (Rio Tinto, 2015b; p.Economics7). They also employ the life cycle thinking approach in the reporting of their GHG emission from …show more content…
This makes it hard to determine if the answers or progress performance information they proffer are of any related importance to the corporation’s environmental and social impacts which requires attention. Therefore, as a result of such reporting structure, the public has no reasonable yardstick for measurement of their performance in relation to challenges. The bulk of the report is focused on progress or their performances.
A major concern is this sector is the problem associated with land use. The report highlights a structured plan for rehabilitation of land before closure. Rio Tinto looks toward identifying the concerns and priorities for land use for their stakeholders when discussing post-closure options. They also partner with external conservation organisations on ways to improve rehabilitation process.
Safety is also major concern and the report begins on that foundation from the CEO 's message. However it seems Rio Tinto in its records of fatality over the years fails to take responsibility for certain casualties especially in subsidiaries where they partner or have controlling
This report clearly follows the GRI laid out guideline for corporate sustainability reporting covering their vision, strategies, policies and performances. It subsequently reveals the major issue confronting the oil and gas sector …show more content…
“To assess how carbon policy and regulation will affect our businesses and our products in the future, we closely monitor national and international climate and energy policy developments and we advocate constructively for policies that are environmentally effective, economically efficient and equitable” (Rio Tinto, 2015b; p.Environment8), the reason for their delay is embedded in their drive to maximize gain as exemplified above.
Irrespective of such glitches, it is noteworthy that Rio Tinto works closely with its suppliers to meet an ethical baseline in their operations “Rio Tinto’s set out the expectations the Group has of its suppliers in relation to a wide range of issues, including safety, environment, business integrity and human rights” (Rio Tinto, 2015b; p.Economics7). They also employ the life cycle thinking approach in the reporting of their GHG emission from …show more content…
This makes it hard to determine if the answers or progress performance information they proffer are of any related importance to the corporation’s environmental and social impacts which requires attention. Therefore, as a result of such reporting structure, the public has no reasonable yardstick for measurement of their performance in relation to challenges. The bulk of the report is focused on progress or their performances.
A major concern is this sector is the problem associated with land use. The report highlights a structured plan for rehabilitation of land before closure. Rio Tinto looks toward identifying the concerns and priorities for land use for their stakeholders when discussing post-closure options. They also partner with external conservation organisations on ways to improve rehabilitation process.
Safety is also major concern and the report begins on that foundation from the CEO 's message. However it seems Rio Tinto in its records of fatality over the years fails to take responsibility for certain casualties especially in subsidiaries where they partner or have controlling