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TaskThis assignment provides you with an opportunity to apply your developing accounting andfinancial management skills to the case firm, Toyota Motor Corporation. Since 1957, when theCrown was first exported to the United States, Toyota has expanded the scope of automobilesales across the entire globe. For over fifty years, Toyota vehicles have found their way to over170 countries and regions throughout the world. As their exports have continued to develop sohas the localization of their production bases, in line with a policy of “producing vehicles wherethe demand exists”. Now there are 51 bases in 26 different countries and regions.(http://www.toyota-global.com/company/vision_philosophy/globalizing_and_localizing_manufacturing/)Part A (70%)In recent years, directors and CEOs of companies have been placing more importance onholistic reporting of company activities rather than simply reporting what is required by theAccounting Standards, the Corporations Act and other legislation. The Global ReportingInitiative (GRI) is an international not-for-profit organisation that has pioneered and developedthe world’s most widely used voluntary Sustainability Reporting Framework.In 2016, the Sustainability Reporting Standards were released, which apply from 1 July 2018.These can be accessed via this link: https://www.globalreporting.org/standards.Toyota Motor Corporation’s website includes statements and other general informationconcerning Business Sustainability.Requirement:With specific reference to ‘GRI 102: General Disclosures’ of the Sustainability ReportingStandards, your task is to write a report that:1. provides an overview of the environmental and social impacts (positive and negative) ofToyota Motor Corporation’s operations (10%).2. Identifies and discusses four key GRI disclosures that are likely to be of most relevance to thestakeholders of Toyota Motor Corporation and reviews whether this information is provided bythe organization (15 %).3. Compares the quality and depth of environmental performance information provided byToyota Motor Corporation with the practices of BMW Group (20 %).4. Evaluates whether widespread compliance with the GRI Reporting Standards by other MotorVehicle Corporations would benefit potential investors, current shareholders and otherstakeholders of Toyota Motor Corporation (15 %).The assignment needs to be thoroughly researched and presented in a business report formatincluding:1. Executive summary2. Table of contents3. Introduction4. Body5. Conclusion.6. References (10%)
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