Green Innovations: Re-Usage, Recycling & Pollution Prevention - Essay Sample

Introduction

Green innovations involve activities that are geared toward energy savings, prevention of pollution of the environment, recycling of waste products and green products designs. All these activities are a result of the operations that are undertaken by the manufacturing firms. They are different categories of green innovation. One is green innovation that aims to decrease the environmental effect of the firms, which includes re-usage and recycling. The second is green innovation that aims to solve environmental problems of the firm which is done by reducing the usage of dangerous components and the last is green innovation aims at coming up with environmentally friendly processes such as less energy usage.

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The main lessons learnt firm green innovation topic is that many firms have now recognised that environmental protection has some benefit to the firm and not to the environment alone. By firm applying green innovations to products and processes, it is bound to enjoy cost advantage and attract attention from those customers who value environmental issues. Green innovation develops environmental performance of the firm and goes a long way in giving the firm a competitive advantage.

From this topic I have also learnt firm undertaking and reporting green innovation as corporate accountability, enhances social collaboration with other stakeholders like the government and other non-profit organisation. This social collaboration may reduce the cost involved in carrying out green innovation by the firm because the different stakeholders may chip in and help the firm meet some cost. This goes a long way in reducing the cost incurred by the firm and hence increases the financial performance of the firm.

The society views the action by the firm to undertake corporate accountability especially green innovation as a benevolent act toward the community. Therefore, society feels the company is sensitive to the societal welfare. This makes society to have confidence in the company`s product and eventually, the performance of the firms is increased. The performance of the firm is therefore tied on the trust the society has on the firm to produce environmentally friendly products and that trust can only be built by the firm carrying out corporate accountability in terms of green innovation.

Impact on My Potential Future Career Due to Corporate Accountability Awareness

The topic of corporate accountability has changed the way I view my future career as an accountant. As an accountant, I should not only concentrate on the financial reporting aspect only because as much as financial reporting is essential to the firm. Corporate accountability reporting come in handy in ensuring that that the firm's performance is improved and also that there exists an excellent rapport between the firm, stakeholders and the immediate community in which the firm is operating.

As an accountant who is aware of the significance of the corporate accountability reporting, I would be more concern on researching on how the firm can cover more SCR that are geared toward improving the relationship between the firm and society. Since a healthy society is a productive society, I would give priority to those corporate accountability issues that are meant to foster and ensure good health for the society. Furthermore, I would make sure that there is utmost clarity in the way corporate accountability is reported. This will make sure that the information contained in the report is easily consumable and understandable by the targeted readers.

Understanding the benefit of the corporate accountability has changed my perspective toward how I view the ultimate goal of the firm, Previously, I considered the sole purpose of the firms is to make profit alone, the knowledge on corporate accountability has changed that notion and I now appreciate that when the firm is societal oriented, the firms' performance in terms of profit will automatically be achieved.