Sunday, December 29, 2019
An Integrated Solution to the Foreclosure Crisis Essay
Foreclosure. Only recently has the term become a buzz word among the American public and various media. The crisis that has enveloped the United States has initiated widespread questioning of the very financial systems in which the American innovators have grown to prosper. Although the foreclosure crisis is often viewed as a product of greedy financial institutions, causation cannot be distilled to individual constituencies; further regulation on various components of the crisis can develop the preconditions for recovery, but 2009 has elucidated a stunning reality: the American financial system possesses an independent resiliency that is currently rebounding and developing recursive and futuristic solutions with minimal exteriorâ⬠¦show more contentâ⬠¦In response to the crisis, the government has taken a series of actions in an attempt retain the solvency of integral financial institutions and to stem the massive explosion in home foreclosures. The primary tool the government regulatory bodies have taken, is initiating an artificial injection of liquidity into the marketplace. In any case, it was a motion absolutely necessary in the solution. The only method of clearing poor assets is to realize the loss as quickly as possible without causing the system to fail. When a foreclosure occurs, the tangible asset becomes that of the bank; the bank immediately intends to sell this asset on the market place. However, when this phenomenon occurs in massive quantities, the market is flooded with supply, driving prices down to a level necessary to stimulate enough liquidity to stabilize the price. Liquidity absorbs these toxic assets and is the component absolutely necessary in solving the foreclosure crisis. So if the principles of supply and demand suggest a self correcting system, would a laissez-faire approach be effective in solving the foreclosure crisis? The answer is a resounding yes. However, if one so desires quicker recovery, some minor actions can be t aken. To the credit of the lawmakers that took immediate action at the helm of the financial crisis, nearly all feasible actions have been taken to aid the recovery. As previouslyShow MoreRelatedThe Enigma Of Capital And The Crisis Of Capitalism By David Harvey779 Words à |à 4 Pagesreview on was The Enigma of Capital and The Crisis of Capitalism by David Harvey. (Oxford University Press, 2011). The book is about capital flow and how it dictates the very essence of our everyday life. Harveyââ¬â¢s purpose of the book is to help gain a critical understanding of the systemic logic of capitalism and of the role that periodic crisis plays. Within that logic begins with a detailed account of the current crisis. Harvey then sets this crisis in longer term historical context presentingRead MoreEuropean Financial Crisis1172 Words à |à 5 Pagesreport of EBE: ââ¬Å"European Financial Crisisâ⬠[pic] Rob van persie IBMS PT 2009 Preface This report has been written as an assignment for IBMS student. I have chosen to research European financial crisis; which has underlined the difficulty of taking concerned action in Europe because its economies are far integrated than governing structures. My research was focused the world crisis but especially the financial crisis between European countries and the inconvenient forRead MoreStrategic Plan, Part Ii: Swott Analysis1393 Words à |à 6 PagesStrategic Plan, Part II: SWOTT Analysis Tahitia G. Brown BUS/475-Integrated Business Topics April 18, 2012 Virginia A. Carter Strategic Plan, Part II: SWOTT Analysis Manning Solutions opened their doors to customers in the fall of 2012, in Tampa Florida. Its purpose is to aid small companies, whose budgets do not allow them to obligate revenue to staff their own human resources department. Their services include hiring, maintaining personnel records, pay-roll, and complaintsRead MoreThe Business Strategy Of Holding Corporation For The Metropolitan Life Insurance Company1957 Words à |à 8 Pagesa insurance bank as a financial department. Apart from many success that Metlife has achieved, the company are still constantly facing many risks. The risks are from both inside and outside such as several global economic recessions and financial crisis that Metlife had experienced, the fines from Federal Reserve on August 7,2012 and many risks coming from the foreign political changes, policy changes even terrorists attacks. In the scenario, a more complete systematic and effective ERM system mayRead Morelending market and its aftermath reflec Es says4750 Words à |à 19 Pageson the bubble housing crisis. Describe the stages of the bubble for the aliber-paradigm. Using the paradigm to explain problems in stock market and housing bubble burst. The Leir Center For Financial Bubble Research Working Paper #1 THE KINDLEBERGER-ALIBER-MINSKY PARADIGM AND THE GLOBAL SUBPRIME MORTGAGE MELTDOWN William V. Rapp, The New Jersey Institute of Technology, United States, rappw@adm.njit.edu ABSTRACT This paper analyzes the current global financial crisis that originated in theRead MoreBreakdown of the Mortgage Supply Chain5482 Words à |à 22 PagesExecutive Summary This report reviews the current financial crisis by looking at the lack of quality management through the mortgage supply chain. The crisis represents a failure of proper regulation and visibility throughout the mortgage supply chain. Only careful management of these quality issues through all financial institutions and through all aspects of the financial supply chain will remedy the past issues. This is a difficult task but not impossible. This report will discuss eachRead MoreA Brief Note On The Economic Impact On The Economy1533 Words à |à 7 Pagesoccurs when your mortgage balance is higher than the price of the home. (Duca, 2013). By individuals defaulting on loans, led to the financial market taking a huge negative hit. Current State of the Financial Market ââ¬Å"The American subprime mortgage crisis that occurred in July 2007 led to the crash of the global stock marketâ⬠(Yun, Chan 2010). This statement shows that not only was the U.S market was negatively affected by the mortgage crises, other economies across the globe also felt the shock.Read MoreGeneral Electric Company Financial Analysis1916 Words à |à 8 Pageshave been decreasing since 2010 from $154,438 billion to last yearââ¬â¢s $147,300 billion in; this decrease in earnings came as a direct result from the 2007-2012 Global Financial Crisis. This phenomenon played a significant role in the failure of some business, declining the housing market resulting in evictions and foreclosures, downturns in stocks and the increase of unemployment. Earnings attributable to GE company from NBCU branch where approximately $14.1 billion in year 2011 and from GE ex NBCURead More2008 Financial Crisis - Lehman Brothers, Fannie Mae and Freddie Mac3431 Words à |à 14 Pagesthe fi nancial markets, which marks the beginning of the financial tsunami that went on for a long period of time. First we have Freddie Mac and Fannie Mae taken over by the US Treasury, which is one major event contributing to the subprime mortgage crisis. Then we have the bankruptcy of Lehman Brothers which Mamudi (2008) reported to be one of the largest bankruptcy filing in US history with Lehman holding over $600 billion in assets. Then we have the collapse of investment bank Bear Stearns, the bailoutRead MoreThe Federal Reserve and Its Role in the Global Economy5550 Words à |à 23 PagesReserve in the early 1900ââ¬â¢s. A countryââ¬â¢s debt can now become the worldââ¬â¢s debt, and the role of the U.S. federal banking system is now considerably more under pressure and scrutiny than ever before. As we have been seeing with the current liquidity crisis in the U.S., and how it has affected U.K. and Asian markets, strong, comprehensive policy-making is now crucial to sustaining l ong-term economic viability. Even despite the growing need for quick, precise actions by the Federal Reserve System, the
Saturday, December 21, 2019
Truth and Fiction in OBriens The Things They Carried
Truth and Fiction in Obriens The Things They Carried The Viet Nam War has been the most reviled conflict in United States history for many reasons, but it has produced some great literature. For some reason the emotion and depredation of war kindle in some people the ability to express themselves in a way that they may not have been able to do otherwise. Movies of the time period are great, but they are not able to elicit, seeing the extremely limited time crunch, the same images and charge that a well-written book can. In writing of this war, Tim OBrien put himself and his memories in the forefront of the experiences his characters go through, and his writing is better for it. He produced a great work of art not only because he experienced the war first hand, but because he is able to convey the lives around him in such vivid detail. He writes a group of fictional works that have a great deal of truth mixed in with them. This style of writing and certain aspects of the book are the topics of this reflective paper. It is evident from the first that OBrien is writing about himself. It is difficult to confuse since he uses his own name, his own place of birth and other true details of his own life to form the narrator of the stories. The truth of the stories is a grounds for understanding the credibility of the author. He is trying to make the reader understand that these are not just random stories that he dreamed up while sitting in front of a type writer orShow MoreRelated OBriens Things They Carried Essay: Truth, Fiction, and Human Emotion1272 Words à |à 6 PagesThe Things They Carried: Truth, Fiction, and Human Emotionà à à à à à à à There are many levels of truth in Tim OBriens The Things They Carried. This novel deals with story-telling as an act of communication and therapy, rather than a mere recital of fact. In the telling of war stories, and instruction in their telling, OBrien shows that truth is unimportant in communicating human emotion through stories. OBriens writing style is so vivid, the reader frequently finds himself accepting theRead More Relationship between Fiction and Reality Explored in The Things They Carried1214 Words à |à 5 PagesRelationship between Fiction and Reality Explored in The Things They Carried à à à à In many respects, Tim OBriens The Things They Carried concerns the relationship between fiction and the narrator. In this novel, OBrien himself is the main character--he is a Vietnam veteran recounting his experiences during the war, as well as a writer who is examining the mechanics behind writing stories. These two aspects of the novel are juxtaposed to produce a work of literature that comments notRead MoreThe Things They Carried By Jonathan Culler1683 Words à |à 7 Pagesseem. In a similar manner, author Tim Oââ¬â¢Brien coins the term ââ¬Å"story truthâ⬠, a derivative of ââ¬Å"real truthâ⬠, within his novel The Things They Carried, to discuss how retellings of wartime events are often altered to convey the emotional significance they possess. It is through these two works, Cullerââ¬â¢s analysis of performative language and Oââ¬â¢Brienââ¬â¢s notion of story truth, that the necessity of fictionalization to convey a personal truth to its f ullest extent and effect is revealed. For Culler, performativeRead MoreEssay about The Things They Carried Literary Analysis764 Words à |à 4 PagesLiterary Analysis of The Things They Carried: Metafiction à à à à à à à à à à à Tim Oââ¬â¢Brien brings the characters and stories to life in The Things They Carried. He uses a writing style that brings stories to life by posing questions between the relationship of reality and fiction (Calloway 249). This is called metafiction and it exposes the truth through the literary experience. Tim Oââ¬â¢Brien uses metafiction to make the characters and stories in The Things They Carried realistically evocative of the VietnamRead MoreTim O Brien : A Man Who Has Positively Affected The World1119 Words à |à 5 Pagesââ¬Å"Fiction is the lie that helps us understand the truth.â⬠This quote by Minnesota author and veteran, Tim O Brien, displays his passion for writing stories that make truth come to life. Tim Oââ¬â¢Brien is a remarkable man who has positively affected the world through his literary works regarding the Vietnam War. His personal life and authorship through his military experience, have led to making him one of the most influential war authors to date. Tim Oââ¬â¢Brien was born in Austin, Minnesota on OctoberRead MoreTim OBriens The Things They Carried: An Analysis1542 Words à |à 6 PagesStudent Network Resources Inc. Ãâà ©2003-2010 ________________________________________________________________________ Tim OBriens The Things They Carried is a short story told in the form of a catalogue. OBriens title provides both an accurate description of how the story is organized mainly by lists, with the narrative seeming an almost accidental intrusion but also as a sort of recurrent musical refrain in the text itself. The title phrase is repeated at semi-regular intervals in theRead MoreThe Things They Carried By Tim O Brien1621 Words à |à 7 PagesTim Oââ¬â¢Brienââ¬â¢s use of fictionalized writing in the delivery of ââ¬Å"The Things They Carriedâ⬠was the best writing style possible for a war story. Fiction, as opposed to a more conventional historical account, allows him to paint a more realistic portrayal of soldiersââ¬â¢ actual combat experience during the Vietnam conflict by use of imagery, real life accounts, and third person omniscient point of view. ââ¬Å"The Things They Carriedâ⬠is a story that I can personally relate to because of my service in the UnitedRead MoreWar And Trauma In Tim Oââ¬â¢Brienââ¬â¢S ââ¬Å"The Things They Carriedâ⬠.1525 Words à |à 7 PagesWar and Trauma in Tim Oââ¬â¢Brienââ¬â¢s ââ¬Å"The Things They Carriedâ⬠Often in literature, we find ourselves reading stories with layers upon layers of meanings found in them. Tim Oââ¬â¢Brienââ¬â¢s ââ¬Å"The Things They Carriedâ⬠is no exception to this idea. Oââ¬â¢Brien tells his story in such a way that as we read the complex descriptions of what the characters are experiencing, the line between fiction and reality are often blurred. This helps further advance our understanding of the issue Tim Oââ¬â¢Brien is trying to portrayRead MoreThe Importance of Metafiction as a Literary Device in the Things They Carried867 Words à |à 4 Pagesof history in which some great pieces of fiction were created. The Things They Carried, by Tim OBrien is a great example of one of these pieces of fiction. A big part of this novel was OBriens theme of metafiction. Metafiction is a type of fiction that self-consciously addresses the devices of fiction. This in another sense means that metafiction is the act of writing about writing. This literary de vice is used in The Things They Carried, as OBriens method to systematically remind his readersRead More Fact Verses Fiction in OBriens The Things They Carried Essay1454 Words à |à 6 PagesFact Verses Fiction in OBriens The Things They Carried The difference between fairy tales and war stories is that fairy tales begin with Once upon a time, while war stories begin with Shit, I was there! (Lomperis 41). How does one tell a good war story? Is it important to be accurate to the events that took place? Does the reader need to trust the narrator? In The Things They Carried, Tim OBrien examines what it takes to tell a good war story. He uses his own experiences in
Thursday, December 12, 2019
Planetary Physics Essay Example For Students
Planetary Physics Essay A planet is a celestial body that revolves around a central star and does notshine by its own light (Grolier, 1992). The only planetary system that isknown to man is our solar system. It is made up of nine planets which range insize and make-up. The nine major planets in our solar system are Mercury, Venus,Earth, Mars, Jupiter, Saturn, Uranus, Neptune and Pluto. There are also manyother minor planets which are also in our solar system, but they are unimportantcompared to the nine major planets. In this paper I will discuss the planets andhow they are each unique. Mercury which is the planet that is closest to the sunis the first planet I will discuss. Mercury is the smallest of the innerplanets. It is speculated that the heat from the sun made it impossible for thegases present to become part of the planetary formation. The surface of Mercuryis extremely hot. It is approximately 470 degrees celsius on the surface and isthought to be even hotter at the two hot spots. These hotspots are on opposite ends of the equator. It is the heat of the surfacethat makes it impossible for Mercury to have any type of atmosphere. Mercuryorbits the sun once every 88 days and has a true rotation period of 58.6 days. It is the closest planet to the sun and therefore orbits faster than anyother planet (Thompson/Turk, 542, 1993). It is said that Mercury rotatesthree times for every two trips around the sun, so that during Planets 3 everyalternate perihelon passage the same face points directly at the sun. Geologically, the most remarkable features of Mercury are compressional cliffsor faults, just the sort of wrinkles that might form in the crust if theinterior of the planet shrank slightly (Morrison, 74, 1993). It isspeculated that it was the solidification of Mercurys metallic core that causedthis global shrinkage. Mercury is also . . . enriched in metal ordepleted of rock (Morrison, 74, 1993). It is also believed that some ofthe inner core of Mercury is still in a fluid state. Scientists also believethat Mercurys surface is made partially of silicate rock. The best way todescribe Mercury is, . . . small, heavily cratered and airless (Morrison, 71, 1993). Venus is the second closest planet to the sun and is saidto . . . most closely resemble Earth in size, density, and distance fromthe sun (Thompson/Turk, 542, 1993). Venus is known to most scientists asthe sister planet to the Earth. It is called this because it closely resemblesthe Earths mass, density and diameter. The only thing different is that Venus is shrouded in thick clouds that completely hide the surface of theplanet (Grolier, 1992). The surface temperature is also much warmer thanthat of Earth. Venus completes one revolution around the sun in 224.7 days. Thismakes the Venusian day equal to 117 earth days. It is thought that this slowrotation may be the reason why Venus has no magnetic field. Planets 4 Theatmosphere of Venus made up of 98% carbon dioxide and 2% Nitrogen. Thisatmosphere also has the presence of helium, neon and argon. This is yet anotherthing which makes Venus different from Earth. The surface of Venus is quite abit like that of the Earth. The surface has volcanoes and smooth plains. Much of the volcanic activity on Venus takes the form of Basaltic eruptions thatinundate large ares, much as the mare volcanism flooded the impacted basins onthe near side of the moon (Morrison, 93, 1993). One thing that differsfrom Earth is that there is no water liquid on the Venusian surface. Some of thescientific data that follows was taken out of Cattermoles book. The meandistance from the sun is 108.20 Km. The equatorial diameter is 12,012 Km and theequatorial rotation is 243 days. Finally the mass of Venus is 4.87*10^24 (Cattermole,63, 1993). Venus, although different than Earth, is still our sister planet. .u4239730e216c0b2c9a53685abda193da , .u4239730e216c0b2c9a53685abda193da .postImageUrl , .u4239730e216c0b2c9a53685abda193da .centered-text-area { min-height: 80px; position: relative; } .u4239730e216c0b2c9a53685abda193da , .u4239730e216c0b2c9a53685abda193da:hover , .u4239730e216c0b2c9a53685abda193da:visited , .u4239730e216c0b2c9a53685abda193da:active { border:0!important; } .u4239730e216c0b2c9a53685abda193da .clearfix:after { content: ""; display: table; clear: both; } .u4239730e216c0b2c9a53685abda193da { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u4239730e216c0b2c9a53685abda193da:active , .u4239730e216c0b2c9a53685abda193da:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u4239730e216c0b2c9a53685abda193da .centered-text-area { width: 100%; position: relative ; } .u4239730e216c0b2c9a53685abda193da .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u4239730e216c0b2c9a53685abda193da .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u4239730e216c0b2c9a53685abda193da .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u4239730e216c0b2c9a53685abda193da:hover .ctaButton { background-color: #34495E!important; } .u4239730e216c0b2c9a53685abda193da .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u4239730e216c0b2c9a53685abda193da .u4239730e216c0b2c9a53685abda193da-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u4239730e216c0b2c9a53685abda193da:after { content: ""; display: block; clear: both; } READ: Walter Pater and Luca Dell Robbia - Aesthetic Ideas EssayMars is the fourth furthest away from the sun and is recognized by its reddishcolor. Mars is also very much like the Earth. More than any other planetin the solar system, Mars has characteristics that make it an Earth-like world(Grolier, 1992). One thing that is very similar to Earth is the rotationperiod. Mars rotation period is only thirty seven minutes longer than theEarths. This would explain why Mars has significant seasonal changes just asEarth does. It is believed that the Planets 5 difference between winter andsummer on Mars is even greater than on Earth. Mars is extremely hard tounderstand due to the effect of blurring that is caused by the two atmospheresof Mars. Scientists do know, however, that Mars is relatively small and thatchanges take place in the surface features when the seasons change. It is alsoknown that dust storms are prevalent and leaves the surface of Mars covered by ared haze. Mars has a very thin atmosphere which is composed of carbon dioxide,nitrogen, argon, water vapor and oxygen. Mars also has no magnetic field. Because the atmosphere of mars is so thin, wind velocities up to several hundredKm per hour are required to raise the dust particles during a dust storm, andthese fast- moving particles erode structures with a sand-blasting effect (Grolier, 1992). Therefore, the surface is basically plain-like and covered withlarge craters. There are also some areas where the rock is jumbled.The poles of Mars are iced over and the temperature is about 160 170 degreesK. Mars also has its share of volcanoes. Most of these volcanoes are shieldvolcanoes. The surface is litt ered with winding channels that resemble riverchannels that have dried up over time. Scientists believe that water onceexisted and caused the formation of these channels. It is said that, Marsremains the best candidate for life in the solar system outside of theEarth, and that is what makes Mars so interesting to scientists. Jupiteris the fifth planet and is the most massive of all Planets 6 the planets in thissolar system. Its mass represents more than two-thirds of the total massof all the planets, or 318 times the mass of the Earth. Jupiters density isquite low at 1.3 g/cubic cm. The atmosphere of Jupiter contains water, ammonia,methane and carbon. It is thought by scientists that there are three cloudlayers. The wind activity on Jupiter is quite fierce and moves in jet streamsparallel to the equator. The weather on Jupiter is still very hard forscientists to understand. There is not enough information to truly understandhow the weather is on this planet. Jupiter is most known by the normal citizenby the rings it has. These rings are very diffuse. The ring particlesmust generally be about as big as the wavelength of light, that is, only a fewmicrons (Grolier, 1992). That is why these rings are faint or diffuse. The rings are what Jupiter is known for. Saturn is a planet which is also knownfor its rings and when viewed has a yellow or grayish color. The color is fromthe gaseous atmosphere and the dust particles in that atmosphere. The atmosphereis mostly a clear hydrogen-helium atmosphere. There are also traces of methane,phosphine, ethane, and acetylene. This atmosphere is much different than that ofthe Earths. Saturn orbits the sun with a period of 29.4577 tropical years. Itis 1.427 billion Km away from the sun and is therefore a cold planet. It has anequatorial diameter of 120,660 Km which Planets 7 makes it the second largestplanet in our solar system. The next planet is Uranus. The main problemscientists have with Uranus is that, the lack of visible surface featuresmeans that it is difficult to measure the rotation period of Uranus(Hunt/Moore, 388, 1983). Uranus has an equatorial diameter of 51,000 Kmwhich is almost four times as much as Earth. The atmosphere is mostly methanegas and th erefore the planet has a red tint or a blueish green color. Uranusalso has rings but unlike Saturn these rings have almost no small particles. .u7f7adad311f507c21ef7b8ca9b8237ce , .u7f7adad311f507c21ef7b8ca9b8237ce .postImageUrl , .u7f7adad311f507c21ef7b8ca9b8237ce .centered-text-area { min-height: 80px; position: relative; } .u7f7adad311f507c21ef7b8ca9b8237ce , .u7f7adad311f507c21ef7b8ca9b8237ce:hover , .u7f7adad311f507c21ef7b8ca9b8237ce:visited , .u7f7adad311f507c21ef7b8ca9b8237ce:active { border:0!important; } .u7f7adad311f507c21ef7b8ca9b8237ce .clearfix:after { content: ""; display: table; clear: both; } .u7f7adad311f507c21ef7b8ca9b8237ce { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u7f7adad311f507c21ef7b8ca9b8237ce:active , .u7f7adad311f507c21ef7b8ca9b8237ce:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u7f7adad311f507c21ef7b8ca9b8237ce .centered-text-area { width: 100%; position: relative ; } .u7f7adad311f507c21ef7b8ca9b8237ce .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u7f7adad311f507c21ef7b8ca9b8237ce .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u7f7adad311f507c21ef7b8ca9b8237ce .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u7f7adad311f507c21ef7b8ca9b8237ce:hover .ctaButton { background-color: #34495E!important; } .u7f7adad311f507c21ef7b8ca9b8237ce .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u7f7adad311f507c21ef7b8ca9b8237ce .u7f7adad311f507c21ef7b8ca9b8237ce-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u7f7adad311f507c21ef7b8ca9b8237ce:after { content: ""; display: block; clear: both; } READ: The Lord Is My Sheild EssayScientists are not as concerned with this planet. Neptune is the last of thegaseous planets in our solar system. Its atmosphere is much like Uranussbecause it is mostly helium and hydrogen. It also contains methane. Neptune hasa diameter of 49,500 Km and a mass 17.22 times that of the Earth. It has anaverage density of 1.67 /cm^3 (Grolier, 1992). Neptune also has rings like itsother gaseous partners, but they are very faint. Not a great deal is known aboutNeptune. It is widely studied by scientists and that makes it an importantplanet. The final planet, which is also the smallest, and the furthest away fromthe sun is Pluto. This planet is very ha rd to see therefore not a lot is knownabout its physical characteristics. Scientists do know that it has a thinmethane atmosphere. Little is known about this planet because it is so far awayfrom the Earth and the sun. Scientists are always learning new things and moredata will arise in the future. Planets 8 As one can see the planets of mostimportance are the ones closest to the sun and Earth. Little is known about thefar off planets therefore it is hard to give them full recognition. Much isknown about Mercury, Venus, Earth, Mars, Jupiter and Saturn. The other threeplanets are not as well known as these six are. Whether more planetary systemsexist doesnt really matter. There are still plenty of things we dontunderstand about our own solar system. Scientists will have their work cut outfor them in the future. Each and every planet has distinct differences and thathelps show us how truly great God is. The planets will never fully be understoodand will always be a great topic of discu ssion. BibliographyCattermole, P. (1995). Earth and Other Planets. New York: Oxford UniversityPress. Grolier Electronic Publishing, Inc. (1992). Hunt, G. Moore, P. (1983). Atlas of the Solar System. Chicago: Rand Mc Nally Company. Morrison, D. (1993). Exploring Planetary Worlds. New York: Scientific AmericanLibrary. Thompson, G. Turk, J. (1993). Earth Science and the Environment. New York: Saunders College Publishing Harcourt Brace College Publishers.
Thursday, December 5, 2019
Australian Business Sustainabilit Report
Question: Describe about the Australian Business Sustainabilit Report. Answer: Introduction G4 GRI Guidelines offers guidance in a user friendly manner and helps in improving the technical quality of the guidelines, so as to eliminate the chances of ambiguity and diverse interpretations, so that it benefits the users and reports of such information, in a uniform manner. These guidelines help in focusing upon what matters and where it matters. These guidelines also enable the identification of the critical matters which have to be managed and changed, and if the entity is ready to manage such matters or not. Further, these guidelines are focused on the material sustainability related issues. Wesfarmers Comparison Corporate Governance and Social Responsibility Issues Corporate Governance refers to the practices, standards, and rules, which a company has to follow, to ensure that the company works in a justified manner. Corporate Governance involves social responsibility and relates to balance of the interests of the various stakeholders, including the customers, financiers, shareholders, management, community, as well as, the government. Corporate governance includes the decisions made by the management of the company and often involves a lot of issues with it. The Board of the company has been committed in providing satisfactory returns to its stakeholders, as well as, fulfilling the obligations, along with the responsibilities associated with corporate governance, in the best interest of the company. The company is working towards ensuring that the composition of the Board has the appropriate mix of skills, as well as, is as per the corporate governance standards. The company has to face issues regarding the independent status of one of its directors and had to review the position as well as relationship of all of its directors (Wesfarmers, 2015). The company also complies with the Corporate Governance Principles and Recommendations issued by the ASX Corporate Governance Councils third edition (Wesfarmers, 2015). Wesfarmers is affected by various material sustainability issues. To help the social issues, the company supports the local communities, especially in cases of natural disasters. Further, to monitor the quality issues related to the products of the company, the company offers Greener Work Place, as well as measures the delivered in-full on time. Other issues relating to the matter of corporate governance and social responsibility relates to the inherent risk associated with the operations of Wesfarmers, for instance, the safety incidents, the supply chain issues, and the products-services liability risks. The company is constantly engaged with its stakeholders to understand the issues which affect them (Wesfarmers, 2015). These issues are addressed and the progress is reported in the sustainability report of the company. The sustainability issues are managed by the Board of the company at divisional level and are regularly reported. In the following parts, these issues affecting the various stakeholders of the company, in line of the G4 GRE Guidelines have been highlighted. G4 GRI Guidelines followed by the company The company has been following a range of G4 GRI Guidelines (Wesfarmers, 2015). The level of self-adherence of these guidelines has been summarized below: Category Aspect GRI G4 Guidelines Economic Economic Performance G4-DMA and G4-EC1 Market Presence G4-DMA and G4-EC5 Environmental Energy G4-DMA and G4-EN5 Water G4-DMA and G4-EN8 Biodiversity G4-DMA and G4-EN11 Emissions G4-DMA, G4-EN15, G4-EN16, and G4-EN17 Effluents And Waste G4-DMA and G4-EN23 Products And Services G4-DMA and G4-EN27 Compliance G4-DMA and G4-EN29 Transport G4-DMA and G4-EN30 Overall G4-DMA and G4-EN31 Supplier Environmental Assessment G4-DMA and G4-EN33 Environmental Grievance Mechanisms G4-DMA and G4-EN34 Social: Labor Practices And Decent Work Employment G4-DMA and G4- LA1 Labor/Management Relations G4-DMA and G4- LA4 Occupational Health And Safety G4-DMA and G4- LA6 Training And Education G4-DMA and G4- LA10 Diversity And Equal Opportunity G4-DMA and G4- LA12 Equal Remuneration For Women And Men G4-DMA and G4- LA13 Supplier Assessment For Labor Practices G4-DMA and G4- LA15 Social: Human Rights Investment G4-DMA and G4- HR2 Freedom Of Association And Collective Bargaining G4-DMA and G4- HR4 Child Labor G4-DMA and G4- HR5 Forced Or Compulsory Labor G4-DMA and G4- HR6 Supplier Human Rights Assessment G4-DMA and G4- HR11 Social: Society Public Policy G4-DMA and G4- SO6 Anti-Competitive Behavior G4-DMA and G4- SO7 Compliance G4-DMA and G4- SO8 Social: Product Responsibility Customer Health And Safety G4-DMA and G4- PR1 Product And Service Labeling G4-DMA and G4- PR3 Marketing Communications G4-DMA and G4- PR6 Compliance G4-DMA and G4- PR9 (Wesfarmers, 2015) Comparison between the Reports of 2014 and 2015 The level of adherence of these guidelines for the year 2014 and 2015 has been summarized below. A comparison has also been made, along with the comments on the noncompliance of the particular guidelines. Category 2014 (Wesfarmers, 2014) 2015 (Wesfarmers, 2015) Comparison and Remarks Economic The company is responsible for providing employment to one out of 55 Australians. The company earns 98% of its revenues from the country, as well as, 75% of the shares of the company on issue, are held in the country (Wesfarmers, 2014). The company had employed 207282 people till June 2014. The statistics reveal that for the year 2014, the company had made direct contributions amounting to 44.6 million dollars and the indirect contributions amounting to 50.8 million dollars (Wesfarmers, 2014). This makes the community contributions, by the Wesfarmers group as 95.4 million dollars (Wesfarmers, 2014). The company meets the very basic needs of the community by providing food, tools, as well as, clothing to the community. The company is responsible for providing employment to one out of 59 Australians (Wesfarmers, 2015). The company has been paying taxes regularly and also provides the necessary support to the nonprofit organizations. The company earns 98% of its revenues from the country, as well as, 80% of the shares of the company on issue, are held in the country (Wesfarmers, 2015). This creates a major positive impact on the economy of Australia, along with contributing to the other economies. The company paid $43,045 million to the suppliers, in addition to the wages and salaries, where the company paid more than $7,830 million to its 205000 employees. Further, the company paid $1,578 million in royalties, taxes, and levies, and $2,246 million in dividends to our 500,000 shareholders (Wesfarmers, 2015). The company has contributed $50 million to community organizations which equals to 1.5 per cent of profit before income tax. Further, the company has assisted in donations from employees and customers, which totals to $52.7 million (Wesfarmers, 2015). The statistics reveal that for the year 2015, the company had made direct contributions amounting to 50 million dollars and the indirect contributions amounting to 52.9 million dollars. This makes the community contributions, by the Wesfarmers group as 102.9 million dollars (Wesfarmers, 2015). A special attention is paid in the matters like gender diversity, as well as, the inclusion of the Indigenous people. The company has increased the share of providing employment to the people. Further, the company has also increased the share on issue within the country. The company is regularly paying special attention to the matters like gender diversity, as well as, the inclusion of the Indigenous people. So, in comparison to 2014, in the year 2015, the company has maintained and excelled at its the G4 GRI Guidelines. Environmental The company noticed a decrease in the emissions intensity, along with increasing the activities of recycling. The Scope 1 and 2 emissions intensity showed a decrease by eight per cent as compared to 2013. The green house emissions by Coles decreased this year, but the emissions at Target increased by 6.8 per cent. The company is also trying to reduce the usage of water, along with finding more sustainable sources of water (Wesfarmers, 2014). The company monitors and manages its greenhouse gas emissions, along with the possibility of reducing them. The company has realized the importance of reducing waste creates not only environmental benefits, but benefits for the business as well. And so, the company has taken steps to divert its waste to recycling throughout the entire life cycle of the product. The company is also trying to reduce the usage of water, along with finding more sustainable sources of water. The company has taken steps to protect the biodiversity. In order to manage this, the company has established an offset area at Mt Flora, so as to compensate the loss of 220 hectares to the ecological community. The Scope 1 and 2 emissions (CO2e) totaled to 4,011,584. The Scope 33 emissions (CO2e) contained the transport emissions at 13000, the air travel at 27337, the waste at 154701, the transmission and distribution of electricity at 474,622, and the LPG, natural gas and diesel at 103,110. The Equity proportion of joint venture businesses (CO2e) were reported at 275140. And the Emissions intensity (CO2e/$1 million revenue) was at 64.2 (Wesfarmers, 2015). There was a one percent decrease in the Scope 1 and 2 emissions (CO2e). The Scope 33 emissions (CO2e) are not comparable directly as the transport emissions were not included last year. If the transport emissions are excluded, there is a seven percent decrease in these emissions. There has been a four percent increase in t the Equity proportion of joint venture businesses (CO2e). And the Emissions intensity (CO2e/$1 million revenue) reported a one percent decrease. So, it can be seen that the emission intensity of the company has decreased overall. The Company is continuously trying to reduce the usage of water, along with finding more sustainable sources of water. Social Labor Practices and Decent Work: The Total Recordable injury frequency rate was 42.7 this year. The Lost time injury frequency rate for this year was 7.7 percent. The workers compensation claims for 2014 were 6940 (Wesfarmers, 2014). Labor Practices and Decent Work: As covered above, the company provides employment to one out of every 59 people in Australia. 59 percent of the wealth of the company is distributed in terms of wages, benefits and salaries to the employees. The safety of the workplace is the highest priority for the company. The Total Recordable injury frequency rate was 39.5 this year. The Lost time injury frequency rate for this year was 7.3 percent. The workers compensation claims for 2015 were 7462 (Wesfarmers, 2015). Labor Practices and Decent Work: There has been a 7.5 percent improvement in the Total Recordable injury frequency rate. The Lost time injury frequency rate was reduced by 5.2 percent. The workers compensation claims decreased by 7 percent. The company failed to provide the breakdown of its employee turnover as per age group; the breakdown of Total Recordable injury frequency rate and the Lost time injury frequency rate; and the aggregate ratio. Human Rights: The company focused towards improving the ethical sourcing of its products. This was done by strengthening the supply chain, as well as, increasing the transparency. Human Rights: The company sources its products from a wide range of location. Some of these nations follow lower levels of regulations and hence, the company is vigilant regarding the associated risks. The company also follows an ethical sourcing policy by setting minimum standards. Human Rights: The company failed to provide the percentage of the employees it trained. Society: The company complies with all the laws, as well as, regulations of all the countries, in which it conducts its business and acts in an ethical way. The anti-bribery policy of the company prohibits the political donations at both business unit, as well as, divisional level. If any such contributions are made, they are thoroughly published on the website of the company. And for the year 2014, no such contributions were made. The company also considers the needs and the interests of its stakeholders. Society: The policy remained same in 2015. The Company incurred significant fine to the amount of $10 million in penalty by the ACCC for Supplier Unconscionable Conduct, along with a $2.5 million penalty for ACCC/bread litigation case (Wesfarmers, 2015). Society: The compliance levels have been same in both the years. Though, the significant fines were incurred in certain cases in the year 2015, which was not the case in 2014. This implies that the level of compliance has been breached in 2015. Product Responsibility: The company has continued the innovation of the range of its products, as well as, its categories across all businesses. The company is also committed towards delivering safe and sustainable products, as well as, services to its customers. Product Responsibility: Even though there are minimal particular legal requirements for the restrictive use of chemicals in production, the company has decided to adopt a range of such aspects of the European Community Regulation. Coles had a significant fine to the amount of $38,250 for incorrect importation classification of cat litter (Wesfarmers, 2015). Product Responsibility: The company failed to provide the percentage of the categories of the products. In comparison to 2014, the company incurred significant fine in 2015, so, in this aspect also, the company has declined. Other Issues The company submitted this report for the GRI Content Index Service. The accuracy of the GRI G4 Content Index was then, confirmed by the GRI. Since, the reported was directly confirmed by GRI, the need for assurance, does not arise. The sustainability report for both 2014 and 2015 did not cover clear and defined targets. Further, this report was not user friendly, as a person had to toggle between lots of windows to find the relevant information, pertaining to a particular guideline. And even after that, some of the information was not available easily and had to be searched from the Annual Report. Though, the company has covered all the relevant applicable guidelines which are applicable on it. Fuji Xerox Comparison Different Guidelines in the 2015 Report compared to the 2014 Report The Guidelines followed by the company, in 2014 (Australia) and 2015 (Japan), have been compared below: Category Aspect GRI G4 Guidelines 2014 (Australia) (Fuji Xerox, 2014) 2015 (Japan) (Fuji Xerox, 2015) Economic Economic performance G4-EC1, and G4-DMA Followed Followed G4-EC2, G4-EC3, and G4-EC4 Not Followed Followed Procurement practices G4-EC9, and G4-DMA Followed Followed Indirect Economic Impacts G4-DMA, G4-EC7, and G4-EC8 Not Followed Followed Environmental Materials G4-DMA, G4-EN1, and G4-EN2 Not Followed Followed Energy G4-DMA, G4-EN3, and G4-EN6 Not Followed Followed Water G4-DMA, G4-EN8 Not Followed Followed Biodiversity G4-DMA, G4-EN11, and G4-EN12 Not Followed Followed Emissions G4-DMA, G4-EN15, G4-EN16, G4-EN17, G4-EN18, G4-EN19, G4-EN20, and G4-EN21 Not Followed Followed Effluents and Waste G4-DMA, G4-EN22, G4-EN23, G4-EN24, and G4-EN26 Not Followed Followed Products and Services G4-DMA, G4-EN27, and G4-EN28 Not Followed Followed Compliance G4-DMA, and G4-EN29 Not Followed Followed Overall G4-DMA, and G4-EN31 Not Followed Followed Transport G4-EN30 Followed Followed Supplier environmental assessment G4-EN32 Followed Not Followed G4-EN33 Followed Environmental Grievance Mechanisms G4-DMA, and G4-EN34 Not Followed Followed Social: Product responsibility Product and service labeling G4-PR5, G4-DMA Followed Followed G4-DMA, G4-PR3, and G4-PR4 Not Followed Customer Health and Safety G4-DMA, G4-PR1, and G4-PR2 Not Followed Followed Marketing Communications G4-DMA, G4-PR6, and G4-PR7 Not Followed Followed Customer Privacy G4-DMA, and G4-PR8 Not Followed Followed Compliance G4-DMA, and G4-PR9 Not Followed Followed Social: Labor practices and decent work Supplier assessment for labor practices G4-LA15, and G4-DMA Followed Followed G4-LA14 Not Followed Training and education G4-LA11, G4-LA10, and G4-DMA Followed Followed Diversity and equal opportunity G4-LA12 and G4-DMA Followed Followed Equal remuneration for women and men G4-LA13, and G4-DMA Followed Followed Employment G4-DMA, G4-LA1, G4-LA2, and G4-LA3 Not Followed Followed Labor/Management Relations G4-DMA, and G4-LA4 Not Followed Followed Occupational health and safety G4-DMA, G4-LA5, and G4-LA6 Followed Followed G4-LA8 Not Followed Labor Practices Grievance Mechanisms G4-DMA, and G4-LA16 Not Followed Followed Social : Human rights Non-discrimination G4-DMA, and G4-HR3 Followed Followed Freedom of Association and Collective Bargaining G4-DMA, and G4-HR4 Not Followed Followed Child Labor G4-DMA, and G4-HR5 Not Followed Followed Forced or Compulsory Labor G4-DMA, and G4-HR6 Not Followed Followed Assessment G4-DMA, and G4-HR9 Not Followed Followed Supplier Human Rights Assessment G4-DMA, G4-HR10 and G4-HR11 Not Followed Followed Human Rights Grievance Mechanisms G4-DMA, and G4-HR12 Not Followed Followed Social: Society Local Communities G4-DMA, SO1, SO2 Not Followed Followed Anti-corruption G4-DMA, SO3, SO4, and SO5 Not Followed Followed Public Policy G4-DMA, and SO6 Not Followed Followed Anti-competitive Behavior G4-DMA, and SO7 Not Followed Followed Compliance G4-DMA, and SO8 Not Followed Followed Supplier Assessment for Impacts on Society G4-DMA, SO09 and SO10 Not Followed Followed Grievance Mechanisms for Impacts on Society G4-DMA, and SO11 Not Followed Followed Factors causing the differences in reports produced in Australia (2014) and Japan (2015) The G4 GRI Guidelines are company specific, industry specific, and country specific. The business of each company varies from the other, in some aspect or the other. These aspects result in a difference in the adherence to the guidelines. Further, the decisions of the senior management, as well as, the strategies of the companies, influence which guidelines would be adopted by it (Salter Baxter, 2012). The strategic priorities, along with the targets of the firm, also have an impact on the selection of these guidelines (GRI, 2016). The nature of the work of a company, also changes the adherence to these guidelines. For instance, a vehicle manufacturing company would have to follow different guidelines, as compared to a food manufacturing company. Organizations have a range of topics, which they could report. The relevant topics would be such that reflect the entitys economic, environmental, as well as, the social impacts on the stakeholders. Materiality is the starting point, according to which the Aspects become adequately significant, in a way that the need of reporting them, arises. A blend of the external, as well as, internal factors determines whether the Aspect is material (GRI, 2016). This includes the factors like the mission, vision, competitive strategy, concerns of stakeholders, social expectations, and the influence of the entity on the suppliers, as well as the customers. The second factor that influences the applicability of these guidelines is the industry. The type of the industry also has an impact over the applicability of these guidelines (GRI, 2016). For example, the polluting industry would have different guidelines applicable on it as compared to a non polluting industry. The last factor, the one applicable in this case, is the country specific guidelines. Even though the G4 GRI Guidelines are uniform across the globe, but each country has a different set of applicable legislations (GRI, 2016). And so, depending upon such applicability, these guidelines apply on the company. The sustainability report of Fuji Xerox comparison for 2014, was made in Australia and the sustainability report of Fuji Xerox comparison for 2015, was made in Japan. So, to summarize, the legislations, along with the internal and external factors of the company, are responsible for the difference in the reports produced in Australia (2014) and Japan (2015). Comparison of the sustainability report of 2014 with 2015, in relation to the G4 GRI Guidelines Category 2014 (Fuji Xerox, 2014) 2015 (Fuji Xerox, 2015) Economic The company has grown in the Australian market, from AU$400 million in 1999 to about AU$1 billion in 2014 (Fuji Xerox, 2014). Despite the changes in the industry, the company has improved upon its profitability, as well as, has been successful in creating suitable growth, along with financial stability for the longer run. But the company achieved the consolidated revenues to the amount of AUS$1 billion which was a 3% decline in comparison to previous year (Fuji Xerox, 2014). The community investment amounted to $506412 with 3412 hours of volunteering in order to nurture the future generation. For the year 2014, 57.3 percent of the companys procurement expenditure was on equipment, which equated to AU$580 million, towards the supplies, as well as, consumables. This was the most significant aspect of the companys supply chain (Fuji Xerox, 2014). The consolidated revenue and the consolidated net income before income taxes for this year amounted to 1188.9 billion yen and 91.9 billion yen respectively (Fuji Xerox, 2015). There was a remarkable improvement from the last year in the revenues, as well as, ordinary profits. The goals were set for social contribution spending as this segment noticed a decline as compared to previous year. Though there was an increase in the number of participants compared to the previous year. Environmental For the year 2014, the air freight to the sea freight split was reported at 4.1% to 95.9%, which was a 1.5% improvement as compared to the previous year. Objectives were set for 2015 regarding the procuring responsibly outlook. All of the mills fulfill an annual based environmental questionnaire to meet the ISO 14001 and ISO 9001. Further, these are monitored for compliance as per the labor standards, specially pertaining to the child labor aspects. The paper sold to the customers of Australia, were a 100% FSC carbon neutral, PEFC certified, FSC certified or made out of recycled material (Fuji Xerox, 2014). The company is focused towards recycling as well as reducing the CO2 emissions throughout the life cycle of the products. Social Labor Practices and Decent Work: Out of the 83% of the employees who commenced the annual performance review cycle for this year, only 49% of them could complete the formal review process. 45% of the female and 50% of the male workforce completed these reviews. Further, extensive sales training was undertaken during this year (Fuji Xerox, 2014). Labor Practices and Decent Work: The company has identified its risks and opportunities in this segment, as well as, has set standards to be achieved during the coming fiscal years. Human Rights: During this year, no judgments were made, regarding discrimination, against the company or any of its employees. The few complaints which were received from the employees, including the complaints regarding discrimination, were handled strictly, and appropriate process was taken up to take the necessary actions after determining the facts. Human Rights: The company has identified and outlined a high priority management theme which takes into account the social circumstances, the nature of the business, and the management goals. Society: Society: High priority is placed on the communication as well as monitoring in order to help the management in incorporating the stakeholder evaluations along with the feedback into the management process. Due to stringent ethics and compliance norms, the company is able to fulfill its commitments towards anti-corruption and anti-competitive behavior. Product Responsibility: The company understands the needs of its customers and delivers on its promises. Through these, the company is able to deliver value to its customers and benefiting the environment through the Green Print technologies, as well as, services, sustainable paper supplies together with the new NCOS carbon neutral certified products, as well as, optimized print environments. Product Responsibility: The company has recognized the importance of product safety and has made it an overriding priority. This year also, the company held a product safety forum to eliminate product safety accidents. From the above data, it can be deduced that the 2014 sustainability report prepared in Australia, follows lesser norms as compared to the 2015 sustainability report prepared in Japan. Due to the stringent policies in Japan, the same company has to follow a lot more guidelines. Further, the targets have been more clearly set in the 2015 report, which was clearly missing in the 2014 report. Conclusion Corporate governance, sustainability and social responsibility are interlinked terms and none of it can be used exclusively. Each of these terms intertwines their paths, in one aspect or the other, as was seen in the case of Wesfarmers. The various issues faced by the company, Wesfarmers, included the concepts of not only corporate responsibility, but also interlinked with the G4 GRE Guidelines. From the above analysis, it can be concluded that Wesfarmers has taken a lot of steps, to ensure that it follows, both the principles of corporate governance, as well as the sustainability guidelines. The comparison of the G4 GRE Guidelines by Wesfarmers highlighted the variances in the adoption of the appropriate guidelines. But due to the number of non-compliances, as well as penalties, in the year 2015, by Wesfarmers, it is recommended to the company that it ensures that the guidelines are properly followed. Further, such instances also portray that the principles of corporate governance are not adequately followed, and hence, the company needs to follow these principles in a proper manner, and ensure that the incidents of penalties, are not repeated. From the above analysis of the two companies, it can be concluded that a lot of factors impact the G4 GRI guidelines reporting by a company. A same company, in two different companies can face disparities in the reporting guidelines. Further, the type of the company decides the applicability of the particular guideline on a company. And from the above analysis, it is recommended to the Wesfarmers Limited, to set out particular targets to be achieved regarding the adopted guidelines. Further, the company has to ensure that it follows the guidelines, instead of getting cases established against it, which are detrimental to these guidelines. Fuji Xerox had presented two different reports, due to the change in the nations. Being in different nations, different guidelines are to be followed by the company. To conclude, the reason for variance in the sustainability reporting of Fuji Xerox is the result of the applicability different standards. So, it is it is recommended to Fuji Xerox, to follow the same set of guidelines, throughout all its branches, whether in this country or in Japan. This can be done as the guidelines are uniform across the globe, and so, common guidelines can, in fact, be adopted. Furthermore, Fuji Xerox Australia Pty Limited should set out specific targets as is done by its Japanese counterpart. Reflective Journal This assignment was formulated in a way, so as to test my skills regarding the location, as well as, interpretation of the information. Before starting this assignment, I was under the view that the G4 GRI Guidelines just cover the aspects in a broad and general manner. Further, I was under the impression, that a small report could cover every aspect of this guideline. However, my views were changed when I undertook this assignment. The first thing I learned was the number of disclosures undertaken by a company and the extent of disclosures. Even though the headings state economic, environment and social, but it is more than it. Each aspect had a number of standards to be followed. This assignment helped me in clarifying how the corporate governance issues affect the working of any company. Before starting of this assignment task, I had read many principles of corporate governance, but the practicality of such principles was highlighted only after reading about the issues associated with it, in the case of Wesfarmers. The detail and extent of such issues, and the care taken by the companies to ensure the proper compliance, made me realize the importance of such principles. By analyzing the data of two companies, over two years, especially when one of it had reported the two reports in different countries, has given me an idea about the factors that have an impact on the applicability of these standards. The integration of these guidelines in the functioning of these companies was also worth noting. Though, a huge issue that I encountered while making this assignment was the difficulty in locating the information, especially for the part A of this assignment. The information was not properly presented in case of Wesfarmers, but for Fuji Xerox, the information was easily accessible, as well as, interpretable. By gaining the insights on these guidelines in the working of the companies, I was able to clear my concepts related to the integration of reporting in the Aspects covered under these guidelines. Further, this knowledge would help me in my future jobs, as now I have attained a practical understanding regarding the aspects associated with the sustainability reporting. In the future, when I become a manager, or a part of the higher management, this understanding would help me in applicability of the various regulations and standards followed by the companies. Further, by carrying out real time case study of two companies, I have gained insight on how to resolve the issues associated with sustainability and corporate governance. References Fuji Xerox. (2014) Fuji Xerox Australia Sustainability Report 2014. [Online] Fuji Xerox. Available from: https://www.fxasustainability.com.au/2014/report.php [Accessed on: 07/10/16] Fuji Xerox. (2014) GRI G4 content index in accordance - Core. [Online] Fuji Xerox. Available from: https://www.fxasustainability.com.au/2014/gri_g4_content_index_in_accordance-core.pdf [Accessed on: 07/10/16] Fuji Xerox. (2014) Report Centre 2014. [Online] Fuji Xerox. Available from: https://www.fxasustainability.com.au/2014/ [Accessed on: 07/10/16] Fuji Xerox. (2015) GRI Guidelines. [Online] Fuji Xerox. Available from: https://www.fujixerox.com/eng/company/sr/2015/guidelines.html#sec10 [Accessed on: 07/10/16] GRI. (2016) G4 Sustainability Reporting Guidelines. [Online] GRI. Available from: https://www.globalreporting.org/standards/g4/Pages/default.aspx [Accessed on: 07/10/16] GRI. (2016) Materiality. [Online] GRI. Available from: https://g4.globalreporting.org/how-you-should-report/reporting-principles/principles-for-defining-report-content/materiality/Pages/default.aspx [Accessed on: 07/10/16] Salter Baxter. (2012) The five things you really need to know about GRI G4. [Online] Salter Baxter. Available from: https://www.salterbaxter.com/the-five-things-you-really-need-to-know-about-gri-g4/ [Accessed on: 07/10/16] Wesfarmers. (2014) 2014 Sustainability Report. [Online] Wesfarmers. Available from: https://www.wesresources.com.au/sustainability_report_2014/ [Accessed on: 07/10/16] Wesfarmers. (2014) Sustainability Report 2014. [Online] Wesfarmers. Available from: https://2014.sustainability.wesfarmers.com.au/ [Accessed on: 07/10/16] Wesfarmers. (2015) 2015 Annual Report. [Online] Wesfarmers. Available from: https://www.asx.com.au/asxpdf/20150917/pdf/431d8fyj0rz8zy.pdf [Accessed on: 07/10/16] Wesfarmers. (2015) 2015 Sustainability Report. [Online] Wesfarmers. Available from: https://www.wesresources.com.au/sustainability_report_2015/ [Accessed on: 07/10/16] Wesfarmers. (2015) GRI G4 Content Index. [Online] Wesfarmers. Available from: https://www.sustainability.wesfarmers.com.au/our-data/gri-g4-content-index/ [Accessed on: 07/10/16] Wesfarmers. (2015) Sustainability at Wesfarmers. [Online] Wesfarmers. Available from: https://sustainability.wesfarmers.com.au/our-approach/sustainability-at-wesfarmers/ [Accessed on: 07/10/16] Wesfarmers. (2015) Sustainability Report 2015. [Online] Wesfarmers. Available from: https://2015.sustainability.wesfarmers.com.au/ [Accessed on: 07/10/16]
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