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management accounting company -toyota and nike discuss in relation to your sustainability report whether your companies have placed and enviormental and social terms and conditions on their suppliers....

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management accounting

company -toyota and nike

discuss in relation to your sustainability report whether your companies have placed and enviormental and social terms and conditions on their suppliers. explain in detail what these term and condition are?

write down report in 500 word with references

Answered Same Day Dec 22, 2021

Solution

David answered on Dec 22 2021
127 Votes
Management Accounting
Sustainability report:
This is a organizational report which gives details and information about the
environmental, economic and social performance of the company. This is just not a
procedure but a method to improve and identify organization’s commitment for
development as such to demonstrate to the stakeholders of the company.
A sustainability reporting is done in regards to:
ï‚· Transparency
ï‚· Traceability
ï‚· Compliance
TOYOTA – Suppliers
Toyota is one of the biggest car producers in the world. Toyota always considers
environmentally prefe
ed products in the sourcing process of all the products which it
manufactures. Giving examples of such are – paper and wood that is obtained by
ecycling, plantation or renewable resources that reduce the consumption of energy.
Year on year Toyota applies something new in order to make a difference socially and
economically. Toyota has certain instructions or guidelines for the suppliers also in
order for the product that are bought by them. In the year 2009 the company sent
original equipment’s to the suppliers with accessories along with guidelines of
corporate social responsibility. These guidelines were developed by Toyota Motor
Corporation which mentioned the company’s expectations and demands from the
suppliers about areas of safety, environment human rights. In details the guidelines
mentioned that the company shall not be involved to use forced child labour, apply
and comply with local applicable laws that are governing the employee’s working
hours in the company and need to recognise the safety of every employee and the
ights to associate or not to associate with the company.
To have a check on these measures the company had sent a questionnaire to more than
100 suppliers and around 70% completed the same. Environmental management is
one of the major responsibilities of Toyota; it keeps impacts of the vehicles
manufactured from production to disposal. Toyota is working towards building
environmental friendly vehicles in co-operation with their suppliers and retailers by
giving the guidelines for way of manufacturing and about the materials that are to be
used. The guidelines for environmental initiatives the suppliers are asked to take
educing greenhouse gas emissions and eliminating the substances that are of concern.
It is to maintain ISO 14001 certification. Environmental terms in regards to water; the
company has also reduced its water usage across its business by its suppliers and
themselves. About 13% of less water was consumed in 2009/2010.
Talking about social the company has agreements with the suppliers and the vision
and mission to grow as much...
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