Question 5: Sustainability and management accounting (chapter 22) BHP is one of the largest mining corporations in Australia and has increasingly focused on sustainability performance and value creation for broader stakeholders. In 2023, BHP developed new 2030 sustainability goals under the pillars of people, planet, and prosperity in line with the World Economic Forum and the United Nations Sustainable Development Goals (U NSDGs). The 2030 sustainability goals comprised overarching long- term goals across six key focus areas including climate change and are underpinned by short-term metrics and milestones. More information at htt s: www.bh .com sustainabilit a roach. BHP strive to work with its customers, suppliers, and other stakeholders in the value chain to create social value through sustainable practices across the full life cycle of our products. In most countries including Australia, sustainability reporting by companies is voluntary. However, BHP commits to several sustainability frameworks, standards, initiatives and discloses information according to their requirements. Currently, the International Sustainability Standard Board (ISSB), trustees of the International Financial Reporting Standards (IFRS) published an exposure draft for two sustainability accounting standards: 51 General requirements for disclosure of sustainability-related nancial information and 52- Climate-related disclosures and expects to issue complete IFRS Sustainability Standards by 2023 which will make sustainability reporting mandatory for public companies. More information at https:[/www.ifrs.org[projects/work planlgeneral-sustainability-related-disclosuresL Required: (Please write a short report addressing the three items below- approximately 300-400 words altogether) a). How do legislation and societal expectation inuence the scope of sustainability practice within the BHP organization? (5 marks) b). Consider BHP and discuss how businesses can link sustainability practice to value chain (and supply chain) process to create value for broader stakeholders. (5 marks) c). How do you think management accounting systems help an organisation like BHP measure, monitor and report their sustainability impacts