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Environmental And Social Reporting- Rolls Royce Group. - Essay Example
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…
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)
CORPORATE SOCIAL RESPONSIBILITY:
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. ...