Assume that you are an independent consultant working for Billy plc, a medium-sized construction company primarily engaged in building new residential premises on derelict land in and around towns and cities across England and Wales. Billy plc has always tried to act in a way which minimises the environmental impact of its activities and is conscious of its obligations to local residents who may be adversely affected by its activities. For example, all site work is carried out during weekdays and the company maximises the use of recycled and eco-friendly materials in its construction work.   The directors have become increasingly aware of the importance of their social and environmental responsibilities and they are also aware that Billy plc compares favourably with other companies in the industry. They are interested in how the good reputation of the company can be turned to commercial advantage but they are unsure how to best communicate their activities. They have requested that you prepare a report for them covering the following areas: an explanation of a company’s obligations to act in a socially responsible manner both in the UK and internationally;

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Assume that you are an independent consultant working for Billy plc, a medium-sized construction company primarily engaged in building new residential premises on derelict land in and around towns and cities across England and Wales.

Billy plc has always tried to act in a way which minimises the environmental impact of its activities and is conscious of its obligations to local residents who may be adversely affected by its activities. For example, all site work is carried out during weekdays and the company maximises the use of recycled and eco-friendly materials in its construction work.

 

The directors have become increasingly aware of the importance of their social and environmental responsibilities and they are also aware that Billy plc compares favourably with other companies in the industry. They are interested in how the good reputation of the company can be turned to commercial advantage but they are unsure how to best communicate their activities.

They have requested that you prepare a report for them covering the following areas:

  1. an explanation of a company’s obligations to act in a socially responsible manner both in the UK and internationally;
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