Question 1,2,3and 4

Case Study- Origin energy Origin Energy is Australia's largest energy retailer, with approximately 4.2 million customers across its electricity, natural gas and LPG businesses. Internationally companies now a days are concern about corporate social responsibility (CSR) initiatives in a bid to create an impact towards the community and get close to their customers. As such, one of the underlying principles of the Origin Energy is to focus on sustainability strategies. In response to significant challenges this year, Origin's focus has been on maintaining reliable energy supply, keeping our people safe, and supporting customers and communities. In Energy Markets, electricity gross profit was lower following the introduction of retail price regulation, while Origin was able to utilise the flexibility of generation fleet and wholesale gas portfolio to adapt to the reduced demand caused by the pandemic. In the 2021 sustainability report, you will find a description of some of Origin Energy's sustainability objectives, strategies, and performance. Required: 1. Explain why Origin may adopt sustainability strategies and how these strategies are likely to meet their stakeholders' needs? 4 marks 2. Now turn your thoughts to the Balanced Scorecard. Identify four Balanced Scorecard perspectives: financial, customer, internal business process and learning and growth. Remember that there should be a cause-and-effect relationship between strategies and measures. 6 marks 3. Describe how valuable do you think the Balanced Scorecard will be in helping Origin meet its vision? 4 marks 4. The International Financial Reporting Standards (IFRS) Foundation Trustees in their recent consultation paper on global sustainability standards expressed views that there is an urgent demand for consistency and comparability in sustainability reporting, especially for climate-related information. As such, Origin is using the framework recommended by the Financial Stability Board's Taskforce on Climate-related Financial Disclosures (TCFD) for governance oversight and reporting of our climate change risks. In reference to the comment below, explain what motivates corporations to report on sustainability matters according to the Task Force on Climate-related Financial Disclosure (TCFD) guidelines " Demand for better disclosure of sustainability information is urgent. Many stakeholders acknowledged that delays to global coherence, most pressingly on climate-related disclosures, will increase the threat of fragmentation and consequently cause difficulties in engaging capital markets to smooth the