Accounting: Discussion

EVOQUA Water Technologies has made significant progress towards attaining the set goals. The company reports that it managed to reduce its electricity usage by 7% in the year ending 2022. Second, the company launched an Evoqua inclusion network through which it identifies opportunities that promote inclusion and minimize unconscious bias. Third, the company attained a 55% water reuse rate, which is considered crucial in the journey to attain sustainability goals (Evoqua Water Technologies, 2023). Locating the data regarding the progress made towards attaining sustainability goals was easier as the company has shared it in a diagram that is attractive for everyone to see: Accounting: Discussion.

Notably, this is to draw attention to all stakeholders that may come across the sustainability report. The data expressed is based on a timeline. For instance, the change is stated within the period attained. Even though the goals seem difficult to achieve, they are practically attainable in the long run if the company keeps working in line with the strategy.

Samsung SDI Incorporation has made significant progress towards attaining sustainability goals. The company reports this in the sustainability report by highlighting key industry recognitions that it has received. First, the company obtained prime status for ISS Corporate ESG performance, which is in line with its goal of becoming a top-tier battery company by 2030.

Second, the company was listed on the DJSI World for the 19^th time in 2023, which is an assertion that the company has the potential to become and maintain its top material specialist status goal. Third, the company received an A ESG rating for the 5^th consecutive year in 2023 (Samsung SDI, 2024).

Lastly, the company was awarded a CDP carbon management sector honors for two consecutive years in 2023. Notably, the attainments are based on the years that they were achieved. The data was on a single page in the report and thus easy to retrieve. The goals seem easy for the company to achieve when considering the progress made.

References

Evoqua Water Technologies. (2023). Sustainability Report.

https://aqua.evoqua.com/sustainability-reports/default.aspx

Samsung SDI. (2024). Sustainability Report.

https://www.samsungsdi.com/esg/report/index.html

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Companies: Samsung and Evoqua Water Technology Company

Briefly summarize the data and progress toward goals presented in each company’s sustainability report.

Discuss how easy or difficult it was to find the data and whether the progress is measured relative to a timeline. For example, you might address questions like: Were the data listed in one place or distributed throughout the document? Are the goals challenging or do they appear to be easily attained?

Accounting: Discussion