Environmental management accounting in business units owned by Wesfarmers Limited Academic Essay

ScenarioYour Group work for a highly respected firm of Management Consultants, specialising in the Australianretail, industrial and resources sectors.Your firm has been invited by Mr. Richard Goyder, Chief Executive Officer of Wesfarmers Limited, tosubmit a proposal to assist individual business unit managers understand the principles of environmentalmanagement accounting (EMA) in general, and sustainability reporting (SR) in particular. Mr Goyder hasdecided to do this because at present these issues have primarily been the responsibility of the CorporateOffice in Perth and he now wishes to make sure his entire senior executive team are aware of theirgrowing importance to all parts of the company.TaskSelect one of the business units owned by Wesfarmers Limited and write a business proposal to MrGoyder that addresses all of the following issues:1. Briefly describes the activities of the business unit that you have selected.2. Based on Wesfarmers overarching corporate commitment and philosophies regarding the importanceof EMA and SR, explain, using examples, the significance of these to the particular business unitthat you have selected.3. Identify and discuss the main environmental factors facing the business unit you have selected anddiscuss the operational and reputational risks that the business would face in the event thatenvironmental issues and commitment to sustainability are not well managed and transparentlyreported;4. Building on your response to 2 and 3 (above) identify the key stakeholders of the business unit andexplain how Wesfarmers corporate EMA strategies and SR reporting frameworks could be adapted,extended and/or modified to meet the needs of those particular stakeholders.Report RequirementsSenior business executives like Mr Goyder are extremely busy. As a consequence, your report should beno more than 4 pages (approximately 1000 words), succinct and to the point.To do well in the task, in addition to demonstrating a sound understanding of EMA and SR as covered inthe workshops and other course material, your report should demonstrate a good understanding of anyunique characteristics of the business you have selected and the relevance of EMA and SR to that industrysector.To do this, it will be necessary for you to undertake considerable additional research. The best startingpoint for this research will be the 2015 Wesfarmers Annual Report.

Still stressed from student homework?
Get quality assistance from academic writers!