It includes some data like 90% relationship managers are ready to help the customers after the business has taken place, more than 95% of the employees go though the training of anti money laundering. It has funded 200 million pounds for effective carbon reduction as a corporate social responsibility. It has also provided MoneySense lesion to more than 340000 young people. It has donated 3 million pounds to those organisations which help young women and people to start their own business. It always consults with and listens to its stakeholders’ problems and shows transparency in every operation in the business. To being a good employer it provides all types of tools and support to the employees that they can do their jobs efficiently and can improve themselves continuously (RBS Group, 2012, p.3). Critical evaluation on the techniques that are used by the company to discharge its social and environmental accountability to society RBS considers sustainability as its main focus area to achieve the goals and it makes sure that any problem that has happened in the past will not happen again in future. Corporate Governance RBS has built its sustainability on a strong governance framework which gives a clear picture of the strategic development activities of the company. It has Group Sustainability Committee (GSC) which is monitored by the senior independent director Sandy Crombie. It also includes other non executive directors from all business areas. The GSC has conducted various developmental programs within the company. In the year 2012, it has reviewed the overall strategies and policies of sustainability towards social, ethical and environmental issues. In 2013 it has solved various issues regarding customer and citizenship activities. Now GSC will look after the issues and challenges of managers in resolving various sustainability and environmental issues relating to all shareholders groups (RBS Group, 2012, p.34). Environmentally efficient operations RBS has measured the progress against their targets to reduce the impact on environment. It has made firm step towards achieving all their aims by 2015-2020. It has aimed to reduce 200 million pounds costs by 2020 to achieve their environmental goals. Energy In the year 2012, RBS has reduced the energy consumption by 5.5% and they will reduce it by 15% by 2015. It has achieved this improvement by the help of their efficient energy management team. The management is continuously purchasing electricity from various new sources in UK. In 2012, 66% of the company’s electricity was from different renewable sources. Water During the year 2012, the company has reduced its water usage by 4.9% and they will reduce it by 12% by 2015. It was done by taking various initiatives in the buildings like restricting the tap flow, urinals without water. Waste The company also has a provision to recycle their wastages and has recycled 69% of the total waste in 2012. The waste management team has taken proactive measures to reach the target in UK and US. They have also improved their process of waste collection in 2012. It will reduce 15% waste disposing in landfill
Finance and Accounting choose a company that is listed on the London Stock Exchange. The company should have a sustainability report Contents Introduction 3 Critical evaluation on the techniques that are used by the company to discharge its social and environmental accountability to society 3 Corporate Governance 3 Environmentally efficient operations 4 Effective ways by which the company has assured its sustainability/social reports 5 References 8 Introduction I have chosen Royal bank of Scotland (RBS) Company…
However, this has not materially impacted the financial statements of the company. There have only been some changes in presentation and some additional disclosures. In the 2009 annual reports the chief operating segments of the company have been identified as Hong Kong, Mainland China, Macau, Singapore, Australia, Taiwan and other geographical markets.
A majority part of its success can be dedicated towards its strategy development and implementation. In this paper the company profiling has been provided with SWOT analysis to explore the internal and external situation of the company. After that the strategy development of the company has been discussed analytically.
In other words, corporate governance is also referred to as the set of customs, laws, policies and establishments impacting the way a company is being directed (Bebchuk, Cohen and Ferrell, 2009). It plays a critical role in defining the relationships between management, stakeholders and the board of directors of a company.
The reason of low fees is to maintain the desired world preeminence as a financial market, with lots of competing broker. Still the transaction costs are positive as they are in previous. The London Stock Exchange generates the Annual general meeting (AGM) reports in the Guildhall.
The report also presents prediction of the financial position and performance of British Airways plc for the year 2006. It provides estimation of fundamental value of equity price per share at the end of fourth year i.e. 2005 with the help of Earnings Price Ratio model.
The main principles of the joints stock company are that, first of all, it is a separate from the owners entity which continues its' life after their withdrawal. The three main parties engaged in the joint stock company entity are the shareholders, elected managers and the employees.
It has acquired many existing ATM networks. One of the important acquisitions has been of acquiring of St George Bank’s Merchant ATM network in January 2005 which was a 700 numbers strong network. On April 2007 it
The decision as to whether audit rotation should be made compulsory has become a ground for discussion in the U.S. and the world in general for over half a decade (Chi et al 2009). While the proponents of mandatory audit firm rotation boast of the
Short-term stocks are those fast rising stocks that have shown fast growing sales and revenue in the past few years such as Cupid PLC. While these companies have fast-growing sales and revenue, we have to