Economics management article writing analysis on: Climate change of the environment
Article
Summarise the key insights raised in the source article
Climate change is broadly recognized as the major challenge of the environment both locally and globally. The main purpose of the article is to indicate that GHG and carbon emissions are immensely confronting because of the uncertainties in the estimation methods (Milne & Grubnic, , 2011). This article offers the indication of the issues in science of the climate and eclectic group of inter-disciplinary and independent contributions to the accounting for the climate change (Farneti, & Guthrie, 2009). Through analysis of additional accounting and the shadow carbon account, it reveals how nations and organizations responsible for and share their emissions behaviour and GHG footprints. As per the article, research reveals that the accounting for GHG emissions and carbon is hugely confronting because of the uncertainties in the estimation methods. The research reveals the enormity of challenge is related with minimizing emissions in upcoming time (Milne & Grubni, 2011). This article focuses on broad range of perspectives related with politics, policy climate change science, national and emissions and behaviour of the accounting. It offers the overview of the challenges in region and views to make an agenda for the future research which remains different and interesting. For example: data of climate change made by scientific community will require to be utilized for evaluating the risk to the infrastructure and planning departments shall require to offer information concerning where infrastructure could be developed and engineering department might focus on the modifications of design. This kind of the process shall involve a cost and time delay that requires to taken into consideration.
Should accounting academics engage in climate change accounting research? Discuss?
Yes, accounting academics should engage in the climate change accounting research. It can be said that climate change is considered as most significant environmental and social challenge that the Earth recently faces. With the help of climate change accounting research, accounting academics are able to examine uncertainties which take place in estimation methods. The consequences of the climate change are documented properly and the critics of the human –made climate change are minimizing (Farneti, & Guthrie, 2009). For the business, climate change is considered as both blessing and curse. Accounting for the climate change has been understood by many worlds’ greatest business organizations but this has not formed in the model of the accountability which permits stakeholders to examine for themselves what kind of actions are planned and what actions are potential (DiMaggio & Powell, 1983). Companies are required to understand their functions in the generation of climate change and which are considered as one of the significant issues. Reporting and accounting is possibly to remain well in business as general accounting for the climate change. However, practices of current reporting are improbable to stimulate the dialogue of the stakeholders as their stress is uninformative, unimaginative and reactive.
Accounting for the climate change is considered as a means for the business to reveal a type of CSR. Many of the business is informed that its stakeholders are forced to resolve the climate change and hence demanding action from the business and others are utilizing climate change as competitive means or advantage to enter into the new markets (Department of Climate Change (DCC), 2009). There is a developing recognition domestically and globally that distinct requirements of reporting are essential for the informed decision –making. The issue is searching what all are the potential implications of accounting in terms of reporting and recording function throughout the framework of the climate change. It is very clear that, research on the accounting information system and climate change is significantly new and it could be important for the academics to accept the approach of case study for examining these issues (Farneti, & Guthrie, 2009). The involvement of the community and the stakeholder concerning the climate change might also impact the function of accounting. There is the school of the thought which recommends that pinpointing the risks of the climate change and creating government policy and guidelines to counteract or reduce the negative impacts shall have restricted impact if the society at the large does not hold how it is tackled. It could be stated that involvement of the community is crucial to aware stakeholders about the implications of the climate change and potential actions to resolve these issues. It is very important for the accounting academics to involve in the climate change accounting research to know about the possible implications of the accounting in terms of reporting function across the framework of climate change.
Harvey Norman
Harvey Norman is considered as one of the dominant retail stores in Australia assisting to drive the damage of Aussie forests with its selling of local forest products such as flooring and furniture across 170 stores throughout the country. Harvey Norman is not having publicly available policy which contains wood products created from native forests of Aussie. Climate change associated information is gathered in relation to the practices of the Harvey Norman Company indulged in managing and collecting carbon –associated information. The questionnaire is formed in order to collect information about the Carbon accounting and management such as carbon practices, policy and evidence, data flow, preparation and collection and personal perception of managers being asked for carbon accounting and management. The purpose of the research project is to get the broad perspective about the organizations carbon management as the part of sustainable management policy (Bebbington, Higgins & Frame, 2009). It can be said that Harvey Norman must adopt publicly procurement policies which ensure that they stop contributing to the forest destruction and buy wood goods from environmentally managed plantations (Deegan, 2002). It is significant to understand that the important portion of carbon footprint arrives from raw materials we utilize, the waste that we dispose of and the water and wood that we utilize.
Data preparation, collection and flow
This section is considered as the necessary and important portion of research project. It offers valuable insight in the sustainability management of the company by viewing in the details of the practices of the data management, comprising information about carbon management (Australia Report, 2010). The questions asked were explicit and short and trying to attain normative information that would be analysed and compared. The information needed was general and associating to norms and practices. Results are obtained based upon the framework of the carbon accounting and management. It includes how the activities of carbon accounting shall change in terms of data range, scope and information gathered (Bebbington, Higgins & Frame, 2009). It can be said that data can be collected with the help of questionnaire. It can be said that respondents were users and providers of the sustainability-associated information and those who are responsible for the process of the sustainability including environmental accountants, assurance experts and developers of software.
The research project is interesting and different because it gives the brief overview about the carbon accounting of the Harvey Norman Company. Being, one of the dominant retailers of the Australia, it sells furniture and flooring without having any publicly available policy (Bebbington, Higgins, C. & Frame, 2009). The research project is important because it offers valuable insight about the sustainability practices of the Company in relation to carbon accounting and management. The research project is different because it contains respondents who provide sustainability related information including assurance experts, software developers and environmental accountants. With the help of research project, it is easy to evaluate the CSR of the Harvey Norman Company in respect to Carbon accounting Department of Climate Change (DCC), 2009). This kind of research project provides the outline of the challenges in distinct regions and views to make the schedule for the upcoming research which remains distinct and interesting. With the help of article, research project is able to focus on broad range of perspectives associated with politics, emissions, national and behaviour of the accounting. These kinds of perspectives make the research project interesting and different. At last, it can be said with the help of research project, it is easy to examine potential implications of accounting in terms of reporting function throughout the framework of the climate change.
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