CSR of Metals Australia Ltd - Essay Example

The company is currently operating in two base metal projects in the western part of Australia.

These are the Manindi Zinc project and the Sherlock Bay base metal project. Metal Australia Limited is a multinational company as it operates in more than one country i.e. domestic country Australia and foreign country Namibia1. The company influences corporate social responsibilities in the form of its responsibilities to the shareholders, employees and the broader community involved in this business. The board, management and employees of this organization are responsible for the corporate responsibilities to the shareholders and social responsibilities to the community on behalf of the company.

Answer 2

Metals Australia Limited has been providing CSR information in the company’s annual reports. It discloses this information in the form of corporate governance and a code of conduct. Responsibility to the environment: Metals ensure all the internal as well as external stakeholders of the company that the company highly cares for the environment involved in all properties of the company. According to the company’s disclosure in its Annual report 2011, there are no environmental issues for which the company is responsible.

Responsibility to shareholders: The Company always tries to increase shareholders’ value by protecting their rights and interest.Responsibility to other stakeholders: The Company abides by all common law and legislative for related to its business relationship with the clients, suppliers, creditors, customers and employees. Responsibility to the community: Metals recognize and consider the environment for each of its operations and legally respect the involved environment, cultural heritage and native title issues which arise by the company’s activities.

Responsibility to the individual: The Company respects the rights of any individual related to its business and follows the law regarding privacy and confidential information2. The company discloses its corporate social responsibilities qualitatively which means it does not have any specific activities for its all society, environment and its internal stakeholders apart from the general legislative responsibilities which it has to do for performing ethical business practice. Disclosures of CSR include financial and nonfinancial information of the company for its different kinds of stakeholders who are involved in this business.

The extent of disclosure is very detailed and transparent of the same and also has not changed since GFC 2008. But the company’s performance has changed remarkably after GFC in terms of revenue growth and net worth of the company3. CSR for this company refers to only the disclosure of financial and nonfinancial statements which is also part of the company’s responsibilities for the shareholders and other stakeholders of the company.