Management and Cost Accounting Global Warming

Question: Discuss about theManagement and Cost Accountingfor Global Warming. Answer: Introduction In the era of twenty-first century, one of the growing concerns is the various environmental issues. Global warming is the hot topic in every business organization. Businesses all over the world are taking initiatives to prevent the pollution of environment as a result of their several business operations. Standing at this point, the use of plastic bottles is one of those issues which are polluting the environment. Plastic is such a dangerous component which can cause damage from several angles. Plastics bottles cannot be destroyed and this nature makes plastic bags more dangerous for everyone (Modarres and Hamedi 2014). Pure Spring Water, commonly known as PSW, supplies bottled drinking water all over the Australia. As per the study, above 4.9 million people in Australia drinks bottled drinking water. The reason behind this huge consumption of bottled drinking water is that it has a good taste than the tap water; on the other hand people think that bottled drinking water is good for health. However, various recent studies have proved these facts about bottled drinking water wrong. Bottled drinking water is harmful for the environment, for the animal and for the humans. Some of the effects of the bottled plastic water are discussed below: One of the main chemical components of plastic bottles is Bishphenol A, commonly known as BPA. This is the chemical which is used to make the plastic bottles hard and clear. However, BPA is one of the most dangerous chemicals for the human body. The consumption of bottled drinking water allows BPA to enter into the human body which causes several fatal diseases like cancer, neurological disorders, fertility reduction in women, premature labor, defective newborn babies and many others (Erythropel et al. 2014). As per a study conducted in USA last year, BPA was found in the body of 96 per cent women. Humans are not the only one who is affected by the plastic bottles, various animal are also affected by the plastic bottles. As plastic bottles tops and plastic bags are nor recyclable, they go into the bottom of the ocean. Different species of sea takes them as food which causes death to them (Sigler 2014). As humans an animal are the part of the environment, plastic bottles are affecting the environment in a large way. They are affecting the ecological balance of the environment. As shareholders are the owners of a company, the shareholders of Pure Spring Water (PSW) must take this matter into their deep consideration. Now-a-days, people all over the world are considering environment related issues as one of the most important issues. Todays businesses not only make profits, but also developing strategies of sustainability to encounter the environment issues. This is giving them competitive advantage over their competitors (Kwok, Wong and Lau 2015). Standing at this point, the shareholders of PSW must take corrective measures against the adverse effect of plastic bottles on environment. Otherwise, the people of Australia may abandon the product of the company. Thus, this is the utmost priority of the shareholders of PSW to carefully manage the adverse effect of their products on the environment. References Erythropel, H.C., Maric, M., Nicell, J.A., Leask, R.L. and Yargeau, V., 2014. Leaching of the plasticizer di (2-ethylhexyl) phthalate (DEHP) from plastic containers and the question of human exposure.Applied microbiology and biotechnology,98(24), pp.9967-9981. Kwok, M.L.J., Wong, M.C.M. and Lau, M.M., 2015. Examining How Environmental Concern Affects Purchase Intention: Mediating Role of Perceived Trust and Moderating Role of Perceived Risk.Contemporary Management Research,11(2), p.143. Modarres, A. and Hamedi, H., 2014. Effect of waste plastic bottles on the stiffness and fatigue properties of modified asphalt mixes.Materials Design,61, pp.8-15. Sigler, M., 2014. The effects of plastic pollution on aquatic wildlife: current situations and future solutions.Water, Air, Soil Pollution,225(11), pp.1-9.