Financial Report Analysis Essay Example | Topics and Well Written Essays - 2000 words

Financial Report Analysis - Essay Example The company has been listed on the major stock markets around the world for years. The major benefit of floating a company's shares in the stock market is that the company's shares become available to general public, which in turn helps a company to generate more equity finance for the company without any liability. This is the reason Tesco Plc does not need much of debt finance to fund its business operations. It has more of equity finance readily available inside the company without having to pay any interest and without any liability to pay off the amount in future. It has transformed its entire capital structure and as evident from its annual reports for the last three years, the company has been minimizing the extent of external debt used for financing. Thus, issuance of shares publicly and stock market listing is very useful for a company in increasing the financing options to obtain necessary funds for the business. Listing in stock market is very beneficial to a company's shareholders. It enhances the liquidity of shares owned by the shareholders, hence they become more marketable as the shares can easily be bought and sold in the stock market. It becomes more convenient for the shareholders to determine the market value of shares in their hands. Apart from these benefits, the shareholders get an opportunity to obtain financial gains out of the shares they own other than the dividends paid by the company and the opportunity is the Earning per Share of the company's shares. Tesco Plc's EPS has had an increasing trend over the years and it is one of the major benefits of stock market listing to the shareholders of the company. Deciding the Mix of Debt and Equity Finance When deciding upon the mix of suitable debt and equity finance, a company needs to consider a lot of issues. Some of them are listed below: The extent of ownership and control the company is ready to sacrifice. The different types of financing options available to the company and the cost of financing The amount of cash available to pay off the borrowed money and interest payment Word count: 495 words QUESTION 2 Importance of Cash According to Bernstein Leopold A. (1993, p129), "Cash is considered the most liquid of assets. In fact, it represents the starting point, as well as the finish line, of what is known as the accounting cycle" Cash is the life blood of any business activity. No business can run without the sufficient availability of cash to run its operations. Cash is needed in the company to meet its various short terms needs, payments of current liabilities and meeting day to day business expenses. Cash also forms a vital part of the working capital, which determines the health of a company in terms of short-term liquidity. Tesco Plc- Cash Management Policy A company can manage its cash and cash equivalent assets by controlling the payment collection methods, curbing unnecessary expenses and utilizing the uninvested cash lying in the company. Tesco Plc has described its supplier payment policy in its Directors' report section of the annual report. Also, the company's cash management can be assessed with the help of the cash flow statement. However, the company has not displayed any

Active Directory Benefits Essay Example for Free

Active Directory Benefits Essay Active Directory is Microsofts trademarked directory service, an integral part of the Windows 2000 architecture. Like other directory services, such as Novell Directory Services (NDS), Active Directory is a centralized and standardized system that automates network management of user data, security, and distributed resources, and enables interoperation with other directories. Active Directory is designed especially for distributed networking environments. A better representation of the network Centralization sums up my primary reason for implementing Active Directory. The Active Directory structure makes it possible for you to achieve truly centralized management of users, regardless of how big your client’s network has become. If youve worked with Windows NT before, you know that in Windows NT a domain is a completely independent entity. While its possible to create a trust relationship between domains that exist on a common network, the domains are never truly integrated with each other because there is no higher authority that manages the domains. Forests Active Directory uses domains, but rather than each domain remaining independent, you can place multiple domains in an AD forest. This brings the entire network under the control of a single domain that oversees the others. AD allows an administrator of a forest to administer multiple domains, reducing cost and complexity while providing greater security. This also can help to reduce the number of domain controller servers in the organization. User Management Active Directory forest architecture allows communication between domains and facilitates centralized user management. The users in one domain are known to the forest domain controller, improving the flexibility of user credential management. This allows much more flexibility for employees who must travel from site to site, each with its own domain. An employee in Domain A that travels to Domain B can just log in with his normal  credentials and gain access to his network resources. Organizational Units The Active Directory structure includes support for organizational units (OU) that represent business units within the organization. AD allows an administrator to delegate some amount of authority for administering organization units. For example, an AD administrator can delegate the authority to reset passwords to the administrative assistant in the Sales department OU. This relieves the network administrator and the help desk of spending time on routine tasks. Rights Management AD provides Rights Management Services to protect files and other resources from unauthorized access. Administrators grant file access and control rights for authorized users and unauthorized users are prevented from accessing those files. This is an essential feature for organizations that require higher levels of security

Environmental Management Case Study of AkzoNobel

Environmental Management Case Study of AkzoNobel Abstract In modern business, sustainability has become of great importance when determining a companys strategy.   AkzoNobel, a company that produces chemicals, paint, paper and pulp, is well aware of this evolution and has built its business model around it. This case study aimed to analyze and review AkzoNobels environmental- and sustainability performance by exploring the companys webpage as well as other critical resources. The management of the company was analyzed, along with the tools, methods and metrics that are used to reach set objectives. Furthermore, the environmental- and sustainability policy was related to the ISO14001 requirements. It was determined that, although AkzoNobel puts in significant effort to include environmental aspects in its long term goals, it is clear that their sustainability agenda is a tool for boosting their reputation to outcompete their competitors. Table of Content Abstract 2 Table of Content 3 Introduction 4 Environmental Management 4 Executive body 5 Driving forces 5 Objectives/Comparison with Sweden 5 Environmental Policy 7 Sustainable systems 7 Tools, methods metrics 8 Eco-premium products 8 Environmental Assessment Tools 9 Safety 9 Product stewardship 9 Managing scarce resources 9 ISO14001 and AkzoNobel 9 Suppliers sustainability 11 Supplier visit 11 Vendor compliance letter 12 Key supplier management program 12 Sustainability focus areas 12 Climate change AKZO Nobel 12 Position 12 Achievements 13 The Future 13 Discussion 14 Conclusion 15 References 16 Introduction AkzoNobel is the largest global paint and coating manufacturer in the world and a leading producer of specialty chemicals, pulp and paper. It is a company of about 57,000 employees that are situated in more than 80 countries. The companys slogan is Tomorrows answer today. In other words, their strategy is to produce products that are far more advanced compared to their competition. With todays concern about environmental issues, this competitive edge comes with producing products that are deemed sustainable. Therefore, the forefront of AkzoNobels agenda, it can be said that sustainability is the key word in AkzoNobels business. The aim of this report is to review the environmental and sustainability management performance of AkzoNobel. The objectives of this report are to: Give a short description of AkzoNobels activities and to investigate their executive body; Analyze the driving forces behind the environmental management performance of the company; Define the most significant environmental aspects of AkzoNobel and relate them to Swedens Environmental Objectives; Critically analyze the environmental/sustainability policy; Identify and analyze the different environmental and sustainability management tools, methods and metrics; Provide AkzoNobels position on global warming; Describe AkzoNobels supplier and vendor policy; Examine their business strategy in relation to business opportunity; Judge their actual sustainability performance; and Comment on outside criticism of the company. Environmental Management When a company sets its goals towards sustainability, it is often necessary to completely rework the way in which the company is managed. In order to successfully improve negative social and environmental impacts, it is essential for the company to integrate these factors into every day decision making (Epstein, 2008). AkzoNobels management team has claimed to have done this by the appointing a management team that has sustainability at its utmost priority. Executive body AkzoNobel has established an executive committee (ExCo) which is composed of five members of the board of management and four leaders with functional expertise. This arrangement allows business and function to be taken equally into account while managing the company. The functions that are now representing the ExCo are: HR Organizational Development, Research, Development Innovation, Legal  and Supply Chain/Sourcing. The ExCO shares powers and responsibility for managing the company under the chairmanship of the CEO, Hans Wijer. (AkzoNobel, 2011c) AkzoNobel also has a special Sustainable Development Group. This team is composed of 13 individuals with background studies ranging from chemistry to economics and from environmental sciences to policy and management. (AkzoNobel, 2011g) Driving forces In 2008, AkzoNobel put in place a strategy with a sustainable agenda. Their specific sustainability objectives were to: Remain in the top three in the Dow Jones Sustainability Indexes; Reduce the total reportable rate of injuries to 2.0 per million working hours by 2015; and Deliver a step change in people development, in part through substantially improving the diversity in the company. (AkzoNobel, 2011e) The first point connects the companys business side and its environmental objectives together. Investors are increasingly focusing on investing in companies that set industry-wide best practices with regard to sustainability. Sustainability has become attractive to investors because it aims to increase long-term shareholder value. Sustainability leaders are increasingly expected to show superior performance and favorable risk/return profile (Dow Jones Sustainability Indexes, 2011). Consequently, a company with a sustainable agenda is considered a good investment. AkzoNobel is well aware of this as can be seen in their business principles when they state: We need to make sustainable profits if our business is to thrive (AkzoNobel, Business Principles, 2011a). The companys sustainable agenda also mentioned that they aim to reduce the reportable rate of injuries. AkzoNobel is a company that works with substances and chemicals that have high environmental and health risks. Companies fear having a reputation for a high number of injured employees or for causing environmental damage. Because AkzoNobel handles these types of substances it is consequently under the microscope. In order to avoid pressure from environmental advocacy groups such as Greenpeace or to avoid bad media, it is of strong interest to account for environmental aspects as well as the safety and health of its employees. Objectives/Comparison with Sweden According to the companys website, AkzoNobel set its targets on the following objectives towards sustainability: Improving safety performance; Increasing turnover from eco-premium products  which are both eco-efficient and attract a premium; Developing sustainable water management   at all sites; Reducing carbon emissions from cradle to gate; Adherence to and training in the companies Code of Conduct ; Strengthening the diversity of the companys workforce; and Implementing leading people development programs (AkzoNobel, 2011b). From these targets it is clear that AkzoNobel considers a well trained and ambitious workforce an important step towards sustainability. It can also be seen that there is an emphasis on the responsibility of the workforce. It is important for the company that its personnel are aware of the sustainable targets and that the employees take part in reaching them. In comparison, Swedens Environmental Objectives are the following: Reduced Climate Impact Clean Air Natural Acidification Only A Non-Toxic Environment A Protective Ozone Layer A Safe Radiation Environment Zero Eutrophication Flourishing Lakes and Streams Good-Quality Groundwater A Balanced Marine Environment, Flourishing Coastal Areas and Archipelagos Thriving Wetlands Sustainable Forests A Varied Agricultural Landscape A Magnificent Mountain Landscape A Good Built Environment A Rich Diversity of Plant and Animal Life (Government offices of Sweden, 2011) The management of AkzoNobel is in line with most of Swedens environmental objectives. They are aware of the need to reduce carbon emissions and employ sustainable water management. Furthermore, the production of eco-efficient products is a step towards a non-toxic environment. Eka Chemical is AkzoNobels daughter company that specializes in specialty chemicals, pulp and paper. Their goal is to have pulp and paper products that are made from sustainably sourced fibers (i.e. sustainable forestry), while using energy from renewable sources and discharge only of water that is cleaned after production (AkzoNobel, 2011d). Taking into concern its environmental aspects, AkzoNobel has a clear aim towards one of Swedens Environmental Objectives, which is A Good Built Environment. Environmental Policy Within a company, the principles of environmental policy are the foundation for implementing a sustainable system. Usually full support at the top management level is needed to make such a system work and to gain the attention of all employees inside the organization (ISO 14001,2010). The term Environmental Policy can be defined as: any [à ¢Ã¢â€š ¬Ã‚ ¦] action deliberately taken [à ¢Ã¢â€š ¬Ã‚ ¦] to manage human activities with a view to prevent, reduce, or mitigate harmful effects on nature and natural resources, and ensuring that man-made changes to the environment do not have harmful effects on humans. (Fairbridge Technologies, 2009). As mentioned previously, AkzoNobel really takes care of its reputation for being a sustainable company. This, again, is mentioned in their Vendor Policy. The slogan Tomorrows Answer today shows that this topic is omnipresent and AkzoNobel not only explains that à ¢Ã¢â€š ¬Ã‚ ¦sustainability is at the heart of everything we do but also that they have integrated sustainability into every area of their business. (AkzoNobel, 2011a) Sustainable systems Sustainable systems are considered ones that take into account not only environmental aspects but also social and economic ones. The main goal of an Environmental Management System is to improve all three aspects simultaneously without losing performance in one. AkzoNobel uses a sustainability framework which is part of the managing our values ideal. Former key points such as integrity, governance and compliance are now being replaced with new topics such as value creation through process excellence, innovation and talent development. More specifically, AkzoNobels sustainability framework focuses on three concepts: Improve: continue to comply with environmental and social regulations to ensure a license to operate. This point is considered to be the core element of how AkzoNobel, as a company, operates. Manage: include sustainability in all aspects of the value chain. Invent: integrate sustainable value propositions to develop a long-term strategic value. (AkzoNobel, 2009) Tools, methods metrics The global strategy of AkzoNobel is to integrate sustainability in all aspects of the value chain, to decrease their carbon footprint and to make profits from these standardized systems. It starts in the early stage of market research across sales and ends in cooperation with stakeholders. Furthermore, AkzoNobel highlights the essential aspect of long-term opportunities for their business which should be reached by these tools, methods and metrics. In the following theres a detailed list of the sustainability actions in the company. Eco-premium products AkzoNobel analyzes all of their products by quantitative or qualitative measurements every time they bring a new product on the market. In order to be deemed an eco-premium product, the product must score significantly better than a currently available product in at least one of the following categories: Toxicity Energy Efficiency Use of Natural Resources and Raw Materials Emissions Waste Land use and risk (AkzoNobel, 2009) Environmental Assessment Tools As mentioned previously, AkzoNobel quantitatively and qualitatively measures the sustainability of all products before they are considered suitable for sales. In order to conduct these assessments, the company implements the use environmental assessment tools such as life cycle analysis, environmental impacts analysis, carbon footprint analysis, eco footprint analysis and eco efficiency assessment. Environmental tools, such as the ones mentioned, are essential for turning data into environmental business strategies. Data for each of the tools is gathered from in house personnel, measurements, authorities, etc. and the conclusions from each report are used for negotiations, reducing costs, meeting permit requirements, improving efficiency, meeting customer demand and setting sustainability targets. (AkzoNobel, 2010b) Safety The establishment of a behavior-based safety program and a new Safety Leadership Program for head management is an efficient method of improving the injury rate for employees and contractors. This figure is also influenced by the integration of standards for process safety and occupational health and the, so called, Health, Safety, Environment and Security (HSES) audit process. The aim is to share good practice all over the company with corporate HSES audits to analyze progress. (AkzoNobel, 2009) Product stewardship To guarantee that AkzoNobel fulfills all legal and ethical requirements for their products (according to REACH, GHS etc.), a Global Product Stewardship and Regulatory Affairs Council has been established. Their tasks are to integrate good practice from the company into a product stewardship framework and to ensure that supplies, training and audits are optimized step by step. (AkzoNobel, 2009) Managing scarce resources AkzoNobel puts in a significant amount of effort in reducing the carbon footprint of their products and creating more value for the customer at the same time. Sourcing managers have been installed to identify focus areas for improvement and develop a carbon management plan in a dialogue with suppliers. In the future, AkzoNobel wants to learn more about customer applications to become more efficient in their environmental management. (AkzoNobel, 2009) ISO14001 and AkzoNobel The ISO 14000 family of environmental management standards can be used to implement a successful environmental management system. Specifically, ISO 14001 can be considered the most important framework for organizations around the world to reach their environmental goals and keep an effective environmental system running. The cyclical process of plan, do, act and check are similar to the ISO 9000 family (Quality Management) but focused on environmental issues. Nevertheless, it is possible to combine the two because it is voluntary for companies to implement these systems. Therefore, every organization regardless of size or sector has the ability to implement ISO 14001. Two different companies can run two completely different environmental management systems but both according to the framework in ISO 14001. The basic principle which distinguishes ISO 14001 from all other strategies is the Concept of Continual Improvement Process (CIP). This concept ensures that products are continually being monitored and improved to adhere to environmental and safety regulations. (Envirocip, 2011; Environmental Management System, 2011; ISO, 2009) ISO 14001 consists of four basic points (figure 1). They are similar to traditional generalized strategic planning and are following: Plan Do Check Act (ISO, 2009) Figure 1: ISO 14001(Jonsson, L. 2011) An explanation of each step and its connection with AkzoNobels business policy is as follows. Plan: Environmental management system implementation In the first step of the PDCA-cycle, environmental goals are defined and strategic processes are created to reach them. Ideally those targets are measurable so it also gives a framework for a control system. AkzoNobel installed sourcing managers to take care of their carbon management plan and to find new focus areas for improvement and development together with suppliers. (AkzoNobel 2009; ISO, 2009; U.S. Environmental Protection Agency, 2008) Do: Conduct life cycle assessment and manage environmental aspects During this step, the company begins the life cycle assessment process and determines how to manage environmental aspects. This step requires that documentation be taken throughout the entire assessment, control systems are run, employees are educated and emergency plans are established. One example of how AkzoNobel deals with this step in the ISO 14001 process is the implementation of the EUs REACH-Project in 2007. This program involved changing the requirements and rules for suppliers which how AkzoNobel educated their contractors to manage environmental aspects differently. (AkzoNobel ,2007a) Check: Conduct audits and evaluate environmental performance The check step in the ISO 14001 involves screening, measuring and controlling all processes and products controlled by internal audits etc. AkzoNobel is very proud of its Eco-Premium Products. They give this label to new products after positive analyses of their carbon footprint. (AkzoNobel 2009; ISO, 2009; U.S. Environmental Protection Agency, 2008). Act: Communicate and use environmental declarations and claims During this stage, companies determine whether their goals and targets within their Environmental Management System were fulfilled. In AkzoNobel, a Product Stewardship System controls and improves all activities from cradle until gate. An effective way to follow this step of the ISO-framework is to check the current situation, and go back and find a better solution in a continuous process. (AkzoNobel 2009; ISO, 2009; U.S. Environmental Protection Agency, 2008) Suppliers sustainability As mentioned previously, AkzoNobel claims to have implemented sustainability into every area of their business. As per this initiative, part of their long-term strategic goal is to build relationships and work with partners that help the company increase its sustainability. Currently, AkzoNobel requires suppliers of raw materials to adhere to certain restrictions with regards to social and environmental standards. This is laid out by the AkzoNobel Vendor Policy- a document that formulates the conditions that suppliers are legally bound to. The conditions that vendors must comply to have been broken down into four categories: supplier visits, vendor compliance letter, key management program, and sustainability focus areas. (AkzoNobel, 2011h) Supplier visit AkzoNobel regularly conducts support visits with their vendors. The purposes of these visits are to not only ensure that AkzoNobels restrictions are being met but also to provide sustainability counseling. AkzoNobels personnel give suggestions and act as environmental consultants to their suppliers. Continual regular visits ensure that the suppliers have implemented the sustainability measures and have maintained their new strategies. This process is laid out in the Vendor Relationship Management Framework. (AkzoNobel, 2011h; AkzoNobel, 2011j) Vendor compliance letter As part of the legal obligation for vendors to adhere to AkzoNobels business principles, vendors are required to sign the Vendor Compliance Letter. This document contains AkzoNobels core values as well as a framework for labor, environmental, safety, and business relations guidelines. (AkzoNobel, 2011i) Key supplier management program This program aims to work with suppliers to increase and improve Eco-premium solutions for their customers. Regular meetings are conducted where suppliers and AkzoNobel agree upon new products that will continue success not only in economic terms, but also environmental sustainability terms. (AkzoNobel, 2011h) Sustainability focus areas AkzoNobel has developed sustainability focus areas (SFA) in order to source products and services that give the company the opportunity to significantly reduce their ecological footprint. These areas include: Logistics Travel Waste Management Packaging Carbon Management Renewable Raw Materials IT Lease Cars (AkzoNobel, 2011h) Climate change AKZO Nobel Position AkzoNobels position on climate change is laid out in the document AkzoNobels Position Statement. This document states that AkzoNobel recognizes climate change as a man-made global issue of great importance and, therefore, it is necessary to mitigate CO2 emissions. In an effort to reduce their carbon footprint, AkzoNobel monitors, measures and studies all CO2 emissions related to industrial or production activities. Yearly, this data is compiled into reports that are in accordance with the Greenhouse Gas Protocol and provide an analysis of direct, indirect, and total CO2 emissions. From these reports, reduction goals and mitigation objectives are developed that the company aims to achieve by the following year. The 2015 target is to reduce carbon emissions by 10% (based on 2009 emissions) per ton of product and the 2020 target is to reduce carbon emissions by 20-25% (based on 2009 emissions). (AkzoNobel, 2008) Achievements AkzoNobel has been recognized as the global leader in sustainability in the chemicals industry. From 2006 to 2007 AkzoNobel has managed to decrease their carbon dioxide emissions from 5.2 (Million T c) to 3.3 (Million T c). From 2007 to 2008, AkzoNobel decreased their carbon dioxide emissions 1 percent per ton of production. Because AkzoNobel aims to significantly reduce their ecological footprint, they have set up a strategy to help reduce carbon-intensive processes and improve energy efficiency. Thus far, they have achieved the following: 73% of worldwide power consumption is based on zero and low carbon sources 37% of electricity in the production process is based on hydropower Considered in the top ten percent for energy efficiency in manufacturing salt-chlorine-PVC loop- on our their most energy intensive processes Use low carbon energy sources to produce their other two most energy intensive chemicals- sodium chlorate and hydrogen peroxide Trying to replace fossil fuels with renewable resources such as wood chips Assessed the eco-efficiency/carbon footprint of key products Developed several carbon efficient solutions for our customers Include energy efficiency and carbon footprint criteria in their investment decisions (AkzoNobel, 2008) Additionally, Scandinavias pulp and paper industry and Hollands base chemical production are AkzoNobels most energy intensive production plants. These two industries combined are responsible for 82% of AkzoNobels total energy use and 73% of their CO2 emissions. Recently, the pulp and paper chemicals production plant shifted 58% of its energy to hydropower. Also, the base chemicals plants were retrofitted with highly energy efficient, gas fired cogeneration units that produce steam and power. (AkzoNobel, 2007b) The Future AkzoNobel has made plans to invest in creating a system that produces steam from waste and biofuels. AkzoNobel also supports implementing a cap and trade system that encourages plants to become sustainable while punishing the unsustainable ones. Their position states that they support the development and implementation of the most energy efficient technologies worldwide. For the future, AkzoNobel is revising their 2008 Carbon Strategy to build new sustainability goals. This strategy will include plans to reduce carbon emissions in the area of manufacturing. (AkzoNobel, 2007b) Discussion After reviewing AkzoNobels business strategy, it is clear that AkzoNobel looks at high environmental/sustainability performance as a business opportunity. The company specifically aims to produce products that are economically as well as environmentally rewarding. Currently, sustainability and climate change issues are at the forefront of the global agenda. If AkzoNobel chose to disregard these issues and continued with business as usual their reputation would lack the high integrity which has been a key element to their success. Because this company has managed to significantly reduce their ecological footprint, they have received several awards, media attention, and PR. This attention does not go unrecognized as consumers are attracted to companies that hold such a high esteem. Additionally, it is well known amongst the general population that chemical production as well as pulp and paper production are two notoriously environmentally harmful industries. As the general population b ecomes increasingly involved and aware of environmental issues, AkzoNobels business and purchasing decisions begin to reflect it. It is, thus, in AkzoNobels best interest to address the companys sustainability and remain at the forefront of the global sustainability arena. If AkzoNobel chose to disregard sustainability issues it would, in the long-term, cause AkzoNobel to not be able to compete with its competitors in the market. This is in line with AkzoNobels philosophy of environmental stewardship and their understanding of customer demand as can be seen by the following AkzoNobel quotation: [Sustainable innovation process] SIP is driven by the need for better product performance but its always connected to sustainability and environmental performance. We cant bring a product to market that is less environmentally friendly than its predecessor and expect it to succeed. Equally, a new eco-product will only do well if it also offers real competitive advantage. (AkzoNobel, 2010a) Regardless of the companys attempt to address environmental/sustainability issues, AkzoNobel is nonetheless environmentally harmful. Producing chemicals, paint, paper, and pulp products is never done without an ecological price. However, AkzoNobel has made a significant effort to increase the companys environmental sustainability as much as possible. This has been done by developing strategies, goals, and plans through rigorous sustainability planning and the success of the activities have been monitored via environmental testing. Because reductions in VOCs, CO2, SO2, and NOx emissions have been proven, the business activities of the company are in correlation to the environmental planning. As mentioned, companies in modern business are aware of the importance of being green. Unfortunately some of them fail to act green even though they present themselves as such. Greenpeace has set up a campaign to stop this so called Greenwashing and ask companies to: Clean up your act, NOT your image (Greenpeace, 2011). While surfing AkzoNobels webpage, it was clear that AkzoNobel was extremely proud of all its positive achievements but hardly mentioned when it didnt succeed or have a bad performance. However did SOMO (Centre for Research on Multinational Corporations) make a report in 2009 about AkzoNobel to provide additional information that AkzoNobel itself might not have reported, focusing on the 2008 annual report. In this report it was stated that in 2008 the Political Economy Research Institute (PERI) of the University of Massachusetts had ranked AkzoNobel in the 85th place on the Toxic 100 Index. This index indicates the top 100 air polluters in the U.S. on the basis of tota l human health hazards resulting from air toxics emissions at their facilities. (Knottnerus, 2009). It was also noted that in 2008, AkzoNobel had not fulfilled requirements about the usage and purchase of renewable energy. Knuttnerus mentioned more cases that were not environmentally friendly, though many were old, some even stationed back in the 1980s. Sustainability first became a fundamental principle in AkzoNobels business in 2004. The company had a quick success and already in 2008 it was in 2nd place on the Dow Jones Sustainability Indexes. (Knottnerus, 2009). The company has succeeded a lot in a short time and its understandable that some things cant happen over a night. From our point of view AkzoNobel could think about taking part in the Chemical Leasing program coordinated by UNIDO to mitigate their environmental pollution. The idea of ChL is to establish a service-oriented business model and to guide customers away from buying and using too much chemicals for the purpose of the environment. The producer mainly sells the functions performed by the chemical and functional units are the main basis for payment. (UNIDO, 2010) Conclusion After analysis of AkzoNobels environmental/sustainability management performance, it is clear that the company has a strong sustainable agenda that is supported by all levels of management- an essential aspect for successful implementation of business strategies. To execute this plan, AkzoNobel established an Executive Committee and a special Sustainable Development group that focuses on these matters. The main driving force for the development of this strategy is to increase long-term share holder value. The company monitors and develops both their internal production as well suppliers through the use of several sustainability tools. It was determined that AkzoNobel uses this sustainability strategy as a business opportunity as well as a means of boosting their public image. Since it was difficult to find figures or statistics that showed negative environmental performance, it is unclear whether the company adheres to Greenpeaces campaign slogan Clean up your act, NOT your image. Ei ther way, it is important that modern day companies are transparent and do not forget to report their bad performance. Transparency and honesty in business is the best way to be trusted and to avoid being classified as a Greenwashing company.

Loves Executioner, by Irvin D. Yalom Essay -- Literary Analysis, Yalo

In the story, â€Å"Loves Executioner†, Yalom treats and old woman named â€Å"Thelma† that is overly obsessed with her a former therapist from ten years ago named Matthew. Yalom feeling though that he is drawn to the facets of her dilemma decides to do everything he can to empower Thelma move past the obsessions that had been wrecking havoc on her mental health. Although Thelma’s love obsession with her therapist, and her subjective experiences on life of what is preventing her from living in the present, Yalom attempts to treat a 70-year-old woman only to learn that being love executioner more complicated as he had anticipated. First and foremost are Yalom and Thelma’s first meeting. In beginning, Yalom is intrigued with her love obsession with Matthew and couldn’t understand why her former therapist that was considerably younger would even want to have sexual relations Thelma as he describes her as, â€Å"a shabby old woman† (Yalom, 2000). The possibly of helping her move past her obsession to ease her suffering, were the reasons why Yalom ultimately decides to treat her. I thought that though Yalom had good intentions from the start to treat her, I think that he was thrown off by her demands as she tells him right from the start, â€Å"Eight years ago I had a love affair with my therapist. Since then he has never left my mind. I almost killed myself once and I believe I will succeed the next time. You are my last hope.† (Yalom, 2000 p. 18) A person that has been seeing therapists for over twenty years and be stuck on an obsession for ten, I thought, was rather intimidating and I think that Yalom did the best he could to remain optimistic. If I had a patient like Thelma that told me that I was her last hope and if I could not help her she wi... ...ought that in some ways Yalom lost his patience, but he was on time constraints had more time to work with Thelma, therapy may have turned out different. This was defiantly one most confusing and intricate stories I have read in Yalom’s book and that the overall take home message I took from this was that, love and obsessions are hard to intellectualize and understand objectively as much as we would like to. Although what may be logically the best decision, love is not based on logic and that the only loves executioner cannot come from the suggestions of another person or therapist, but more from themselves and within. I think this quote states the story best, â€Å"Love and Psychotherapy are fundamentally incompatible. A good therapist fights darkness and seeks illumination, while romantic love is sustained by mystery and crumbles upon inspection† (Yalom, 2000 p. 17)

Electronic Smart Device for Active Learning Essay

The evolution of handheld portable devices and wireless technology has resulted in radical changes in the social and economic lifestyles of modern people. (El-Hussein & Cronje, 2010, p. 12) For international students, electronic smart devices is a kind of appropriate learning resource to assist them in overcoming learning difficulties and improving learning efficiency and initiatives. Thus, Nell Mobile Device Company has authorized Rusty Marketing Company to investigate the feasibility and necessity of â€Å"developing a new electronic smart device product to improve the ability of active learning among international students†. As an international college, QUTIC has a certain number of international students from different parts of the world. Therefore 20 QUTIC students will be referenced as convenience sampling. Everyone of them will be asked to finish a paper-based questionnaire with 1 open search and 9 closed search questions, at P block, Kelvin Grove Campus in 8 April 2013. All responses will be voluntary and anonymous. The primary data will be analyzed and then showed in a graphic form. Scholarly journals and dissertations will be referenced as a kind of mainly secondary data. The report will recommend if or what an ideal mobile device might need to be developed.

My Sisters addorable Dog Chili †Descriptive Essay

My Sisters addorable Dog Chili – Descriptive Essay Free Online Research Papers My Sisters addorable Dog Chili Descriptive Essay I chose to write about my sisters dog. The dogs name is Chili. She is half pinscher and half Dachshund. I chose to write about her because she is a very interesting dog and she has a very special place in our family. Chili is a very beautiful smart cute small 22 (in dogs years) years old dog. Her color is a combination of white, black and brown. Her back is black from the outside and white when you get closer to the skin and her bottom and face are brown (reminds a small Rottweiler). She has a very big bat like ears. And she is a little over weight. She is very smart and a good searching dog. She always finds her ball before we do, when we ask her for it and she knows the different between her ball and her bone (when we ask her to bring the bone she brings the bone†¦). She is very frantic and likes to play a lot. Her favorite toy is my tennis ball which she likes to run after and catch at our courtyard. She is pretty annoying for other dogs and she likes to irritate them. For conclusion you can see why I wrote about her. She is the cutest and most frantic dog that I know and I like her very much. Research Papers on My Sister's addorable Dog Chili - Descriptive EssayThe Hockey GameThe Masque of the Red Death Room meaningsWhere Wild and West MeetThe Spring and AutumnPersonal Experience with Teen PregnancyHonest Iagos Truth through DeceptionCapital Punishment19 Century Society: A Deeply Divided EraHip-Hop is ArtResearch Process Part One