Environmental Impact of the Organization ANZ-Free-Samples for Students

Questions: 1.What major categories of indicators does ANZ report against? 2.How did the bank determine these indicators (i.e. which guidelines did they use?) 3.What does ANZ mean by responsible banking? Answers: 1.The GRI system has been chosen for assessing the environmental impact of the organizational operations of ANZ. This system is the standard reporting guideline including the Indicator Protocol Set. The PI (performance indicator) involves biodiversity, energy and emissions and several others environmental indictors (Boersma, 2015). The standards in GRI system followed by ANZ are created in accordance to the global labor practices and its impact on the environment as it conducts independent audit. This includes the guideline for safety, health and risk management systems of the stakeholders and the minority groups. 2.ANZ has utilized their Corporate Sustainability Framework and their specific approach for risk management and governance as a major guideline for determining their sustainability model guidelines. They also use the guideline of their management approach for discussing various approaches for their sustainability model. They also follow the GRI (Global Reporting Initiative) for reviewing the sustainability reporting, as with the help of this, ANZ can conduct an entirely independent audit of the stakeholder and create a dialogue with the company management in any falsified reporting case (Moscardo et al., 2013). ANZ also engages the employees through survey for reviewing the major theme of their sustainable practices. 3.By responsible banking, ANZ commits to the management and control of the environmental impact by their organizational activities, therefore the organization ensures that they develop solutions for reducing the environmental costs and impacts. The organization considers meeting the requirements of the present without any kind of compromise in the capabilities of the future generations in meeting their requirements as a major goal of sustainable development (Weber Feltmate, 2016). The organization ensures that while contributing the financial development of the organization, they also help in resolving potential threats and risks to the sustainable social relation, economic and environment References Boersma, M. (2015). How Does Sustainable Banking Add Up?. Moscardo G., Lamberton G., Wells G., Fallon J., Lawn P., Rowe A., Humphrey J., Wiesner R., Pettitt B., Clifton D., Renouf M., Kershaw W. (2013). Sustainability in Australian Business: Principles and Practice. Milton, QLD: Wiley-Blackwell. Weber, O., Feltmate, B. (2016).Sustainable Banking: Managing the Social and Environmental Impact of Financial Institutions. University of Toronto Press.