StudentShare solutions
Got a tricky question? Receive an answer from students like you! Try us!

Essay example - Environmental And Social Reporting- Rolls Royce Group.

Only on StudentShare
Finance & Accounting
Pages 10 (2510 words)
Rolls Royce Group is one of the largest engineering groups that operate in over 50 countries of the world. It provides power solutions to the customers around the global in civil and defense aerospace, marine and energy sectors…

Extract of sample

The company operates four segments of civil aerospace, defense aerospace, marine and energy. The company’s highest revenue generating segment is the civil aerospace which generates around 50% revenue of the group. The company has shown consistently progressive and strong performance over the years and is one of the market leaders in all sectors in which operates with an annual turnover of £11,124 million and a profit of £ 848 million. (ROLLS-ROYCE)
Sustainability reporting provides a chance to the organizations to report information about economic, environmental, social and governance performance to its investors and stakeholders. GRI (Global Reporting Initiatives) provides a framework for the organizations to disclose this information in a much transparent and consistent manner. (GLOBAL REPORTING INITIATIVES)
Strategy and Profile:
Rolls Royce has committed to serve with new approaches and technologies for sustainable economic growth. It aims to invest for long term, promote innovation and focus on research and development. It sustainability programs are especially designed keeping in mind the environment, its people and the society and communities in which it operates. Its environmental strategy focuses on three areas of reducing the environmental impact of the business activities; further reducing the environmental impact of the products; and developing of new low emission and renewable energy products. ...
Download paper
Not exactly what you need?

Related papers

Rolls-Royce:financial analysis
The underlying factors that signal the possibility of success in a company’s stock are difficult to untangle, and necessitate business insight coupled with financial analysis of the investment option with regard to all key factors that make for a comprehensive scorecard. The work of investment advisors in consultancy firms primarily entails analysis of investment options to offer factual and…
11 pages (2761 words)
A literature review on Environmental Reporting
Basically, there are three types of environmental reporting that include involuntary disclosures, mandatory disclosure and voluntary disclosure (Porritt, 2005). Involuntary disclosure is whereby a company’s information about its environmental activities is disclosed without its consent and against its will. A good example of these kinds of disclosures is press and media exposes. Mandatory…
20 pages (5020 words)
Social and Environmental Reporting
This support from the various stakeholders is essential for the company in order to ensure that business continues to exist. Stakeholders of the company are varied – they are investors, lenders, creditors, employees, managers, the environment in which the company operates, government, general public and local community. The co-operation between the multiple stakeholders is essential condition…
6 pages (1506 words)
Corporate Environmental ,Social and Sustainability Reporting
Defining Sustainability The UN Brundtland Commission (1987) describes, "Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs" (UN Commission, 1987). This definition in itself explains why it has been important and necessary for organizations to implement sustainability reporting whether they are in…
3 pages (753 words)
rolls royce anual report
The external auditor of the company has given an opinion according to which the group financial statements of the company present a true and fair view for the financial year ending December 31, 2012. The auditor reports states that the group financial statements are adequately prepared in accordance with the International Financial Reporting Standard (IFRS) and Companies Act 2006. It is also…
4 pages (1004 words)
Corporate social responsibility reporting
CSER also commonly plays a central role in presenting a good picture of corporate accountability. For a long time now, CSER has been used as the best tool to encourage corporate strategies, policies and management decisions aimed at minimization of adverse environmental impacts of companies’ operations (UNEP, 1998). Since the development of the practices of corporate social environmental…
6 pages (1506 words)
Corporate social reporting
In a similar manner, disclosing the information associated with the corporate social responsibility activities is an important part of the daily functioning of organizations. Importance of CSR Reports The importance of CSR reporting has emerged because of the lack of dependence on the information provided by organizations, as opposed to their actual contribution towards the society. From the…
10 pages (2510 words)