ACCT_580_Module_7_Discussion5

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Management

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Jun 4, 2024

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docx

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Module 7: Discussion Forum Locate a U.S.-based, publicly listed company of interest to you. This should be a company that has made a substantive amount of sustainability-related reporting or disclosures in its latest annual report on Form 10K. (Use only information published within the last two years.) Note: You will find this type of reporting, if it exists, either in the business section of the Form 10K or as a separate document in the investor relations section of the company. Click to see an example of a report published by Ford Motor Company's separate sustainability report. (Links to an external site.) Summarize the sustainability-related reporting of your chosen company as part of your initial response to this discussion. Then, complete the following as part of your initial response: Prepare an annotation of the sustainability-related reporting made by your chosen company. (An annotation is a summary of the main points of the sustainability reporting for the company you have chosen to summarize for the class, organized to include a correctly formatted APA reference, where required.) Include the following points in your annotation: o Problem: What is/was the major challenge(s) your company faces/faced in preparing the sustainability reporting made public, presently, from what you can tell? o Results: What was the result(s) or conclusion(s) reached regarding the strategies your chosen company has taken or is taking, not only about sustainability reporting, but also about reducing its impact on the environment, from a business point of view? o Application: How might practitioners or your classmates potentially apply the public information disclosed by your company in the real world? Be specific. For this discussion, I will be using Apple’s sustainability report. Apple commits to climate action. They have reduced their emissions by 55 percent since 2015. Apple has a goal of being carbon neutral in 2030. To do this they plan on bringing in new clean energy across their supply chain. One of the issues that Apple faces with this goal is to ensure that they are still producing high-quality products. Another issue that they face is the supply chain. The issue is that Apple used to ship its products through high-emission means. Now they have primarily decided to ship by boat. This could be a supply chain issue because Apple does not want to ship its products by plane because of the high emissions that it produces. So, Apple may have to send over the product then they estimate just to protect themselves from running out. The issue with this is that they could run into the issue of having too many products in stock that won't sell. The final issue that I could see with Apple’s plan is that it could decrease the margins they can get on products. This is because the products may cost more to produce to ensure they are carbon neutral. One of the results that Apple has come up with ensuring that they are keeping similar margins for each product is by using recycled materials. To reduce Apple’s carbon footprint they have implemented the four pillars. The pillars are design and materials, electricity, direct emissions, and carbon removal. This is how Apple anticipates how it will reach its goals. I think practitioners can use this information as an example of how one of the major companies is trying to be more environmentally responsible. This shows that there are a lot of companies that are looking for different ways to reduce their footprint. From the
accounting side, it is important to understand the changes and how they will impact companies financially. Reference: Apple Inc. (2023). Environmental Progress Report . https://www.apple.com/environment/pdf/Apple_Environmental_Progress_Report _2024.pdf Links to an external site. Powered by TCPDF (www.tcpdf.org)
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