Sustainability Reflection Assignment Sample

1. Analysing concepts, theories and reflective diary entries to present the change involves

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Whenever it involves sustainability, Woodside Energy Group Ltd., an organization that operates in the energy sector, goes through changes in a number of areas, such as financial, political, social, ethical, and regulatory facets. Analysing these variables and understanding how people relate to sustainability can help us comprehend their level of dedication and the possibility of a gap between commitment and practice.

From an economic perspective, Sustainability might be seen as a problem with investment. In accordance with Robert Solow's theory of economics, sustainability means creating new opportunities which are at least equally valuable as what is gained from the utilization of resources from nature (Harrison, 2021.). This involves utilizing Woodside Energy Group Ltd.'s capital and resources to create sustainable energy solutions while decreasing their adverse impacts on the environment. However, competing agendas, such as helping the poor or preserving the environment, can be difficult to strike a balance and may take funds from sustainability initiatives. Herman Daly and ecological economists support different economic models that claim robust conservation measures and working within the limits of nature are necessary for sustainability. These actions might be required to protect ecological resources and match Woodside Energy Group Ltd's operations with sustainable practices (De Molina, et.al, 2019). On the other perspective, the opportunity and capital the poor can have the future investment. According to Amartya&'s Sen in the action for sustainability, the future needs to invest in future dignity today. This organizational pondering can approach the political model to grow the organization in a better way.

From a political perspective, Political models of sustainability focus an emphasis on maintaining social frameworks that protect the worth of everyone and offer the conditions that are necessary for an entirely human existence (Horcea-Milcu, et.al, 2019). By considering seriously the environmental impact of their business activities and making sure that they contribute to the overall health of individuals and ecological systems, Woodside Energy Group Ltd can engage in sustainability. Strategies like social justice and civic environmentalism, which focus on resolving challenges to human existence communicated through the environment, can be utilized to get involved with sustainability. With the goal to reduce adverse impacts and positively benefit local and global people, Woodside Energy Group Ltd can put into effect environmentally sound management plans and prioritize environmental products. These can be helpful in reducing pollution and put positive impacts on the environment. The model takes the pragmatist&'s suggestion which is that must maintain the conditions of the organization to open the debate about sustainability.

2. Evaluating progress change for sustainability in Woodside Energy Group Ltd principles.

The company is focused on sustainability practices, Woodside is a global energy company that supplies oil and gas which can help in developing new energy products. The organization has sustainable development approaches in safety, health performance and cultural influences in climate change strategy. There are some key areas where the organization is focusing on. For the climate, the Woodside purpose is to succeed via the energy transition by structuring a carbon, diversified portfolio, resilient and low-cost (Environment and Biodiversity, 2023). By doing assessment, it has found that Woodside is taking competent sustainability measures and aspects with the motive to enhance brand image. Company is emphasizing on performing activities in an eco-friendly manner which safeguards all the concerned stakeholders such as individuals, society and environmental aspects. Firm is taking all the initiative for providing workers with highly safe environment with an aim to avoid accidental aspects. In the year of 2022, net equity Scope 1 and 2 emissions of the organization was 11% lower in comparison to the baseline. (Building a more sustainable future, 2023). Referring this, it can be entailed that company is emphasizing more on sustainable operations.

Seven offshore production facilities are run by Woodside off the coast of Western Australia's northwest. Each asset manages produced water in a different way as it comes up from the reservoirs as a byproduct of oil or gas production. This depends on a variety of elements, such as the properties of the reservoir, the volume of water generated, possible toxicity, and proximity to sensitive sensors. Four of the seven assets now send treated produced water offshore for disposal, two inject it back into the formation, and one sends it for processing on land.

References

Books and journals

• De Molina, M. G., Petersen, P. F., Peña, F. G. and Caporal, F. R., 2019. Political agroecology: Advancing the transition to sustainable food systems. CRC Press.
• Harrison, D., 2021. Sustainability and tourism: reflections from a muddy pool. In Tourism, tradition and culture: a reflection on their role in development (pp. 61-74). Wallingford UK: CABI.
• Horcea-Milcu, A. I., Abson, D. J., Apetrei, C. I., Duse, I. A., Freeth, R., Riechers, M., Lam, D. P., Dorninger, C. and Lang, D. J., 2019. Values in transformational sustainability science: four perspectives for change. Sustainability Science. 14. pp.1425-1437.

Online

• Building a more sustainable future, 2023. Online Available through: < https://www.woodside.com/sustainability> Accessed on 10/07/2023.
• Environment and biodiversity, 2023. Online. Available through: < https://www.woodside.com/sustainability/environment > Accessed on 10/07/2023.