Sustainability Efforts Of Caltex Australia â€Myassignmenthelp.Com

Question: Discuss About The Sustainability Efforts Of Caltex Australia? Answer: Introduction From Caltex Companys sustainability report of 2015 and 2016, the organization was able to achieve a greater value compared to the previous years due to adoption of efficient strategies. In this, the company was able to realize the benefits and satisfaction of the employee, support to the community and much more, expansion of the market segment and consumer satisfaction. Sustainability efforts and value they have shown Enhancing capabilities and competitiveness is one of the efforts that the company has put in place to ensure that the company is in a position to compete with the companies in and outside Australia that offers the same product and service. This effort has also led the company to establish a Caltex Academy where skills are modelled and talents appraised for the development of business and commerce acumen for all non-commercial leaders, strategy and leadership thus, monetary and soft business value. According to the report of 2015 and 2016, the endeavour has been able to revolutionize performance in Caltex industries due to a very high skilled workforce and skilful leadership. According to the CEO, Caltex Company reviews, the company has able to realize a monetary value increase of approximately 13% within a period of 1.5 months. This is a high positive deviation of the monetary value deviation for the company (Standen, 2017, p.252). Diversity and inclusion is another sustainability effort that has been put by Caltex Petroleum company. The current report shows that the company has received Employer of Choice for Gender Equality (EOCGE) citation from the Workplace Gender Equality Agency (WGEA) for the second consecutive year. This is an identity for a soft business value as it has considered the diversification policy and implemented it for the success of its future. On the same value, Caltex sustainability effort in employee recognition has been identified to increasing performance of the employee and resulting to monetary values in the company. It is the holder of the Stellar Annual Award of 2016. The company has also been able to work on personal safety of the workforce. The results have shown that, the total treated injury frequency rate (TTIFR) per million hours worked was 2.35. This is a part of sustainability strategy and it has portrayed a business value to the employee. In adopting risks and uncertainty measures, the Caltex petroleum company has been able to maximize profits and realize high profits for the stakeholders and assisted in the Australian economy and its growth (Galpin, Whitttington and Bell, 2015, p.6). Conclusion Caltex Petroleum company identify the value created from its sustainability efforts. When the sustainability strategies are laid, they are always aimed at adding value to the company, to the stakeholders and also to the Australian nation at large. The 2015 and 2016 sustainability reports prove much of the success the company has achieved in value addition for the two years. It also suggests more success in identifying more value as per its long term goals Rauter, Jonker and Baumgartner, 2017, p.144). References Galpin, T., Whitttington, J.L. and Bell, G., 2015. Is your sustainability strategy sustainable? Creating a culture of sustainability. Corporate Governance, 15(1), pp.1-17. Budzianowski, W.M., 2017. High-value low-volume bioproducts coupled to bioenergies with potential to enhance business development of sustainable biorefineries. Renewable and Sustainable Energy Reviews, 70, pp.793-804. uter, R., Jonker, J. and Baumgartner, R.J., 2017. Going one's own way: drivers in developing business models for sustainability. Journal of Cleaner Production, 140, pp.144-154. Standen, C., Crane, M., Collins, A., Greaves, S. and Rissel, C., 2017. Determinants of mode and route change following the opening of a new cycleway in Sydney, Australia. Journal of Transport Health, 4, pp.255-266.