Multinational company operating in Australia Samples for Students

Questions: 1.Identify a Multinational Company Operating in Australia. Provide a Brief Description of the Company2.Identify any Regulatory framework/s affecting the Multinational Company you have Identified Operating in Australia and Discuss why and how it affects the Company.3.Identify any treaties, Conventions or Agreements that have Impacted on the Products or Services that Multinational Company Provides in Australia. How does it Impact the Goods/Services? Answers: 1.Rio Tinto is operated in Australia for more than 100 years and now this company has almost 200000 shareholders which is really a huge number. As per the database of the company more than half global asset of the companies is in Australia. Company is engaged in the production of Iron ore, bauxite, aluminium, alumina, coal, uranium, diamonds and salt, and this production is carried on almost more than thirty operating sites and processing plants in Australia. Company makes commitment to environmental protection, and wants to build sustainable and resilient communities, and wants to make safe environment for future generation (Rio Tinto, n.d.). Industry in which this company operates is mining and metal industry, which is the most important industry of Australia and this Rio Tinto is the big player of this industry.Rio Tinto employed almost 23000 employees in Australia.In 2015 company has almost 54938 employees at global level, and in 2016 51030 employees are employed at global level (IBIS, 2015; Statista, 2016).Companys headquarters are situated in London and UK. 2.In Australia, regulations related to mining industry in environmental framework are based on the environmental regulations of developing body, and these laws are developed because it is the responsibility of each state government to protect and conserve the environment from the activities of mining industry. The purpose of developing these legislations is to make sure that proposals related mining must complied with the obligations related to environment which are imposed on them. Generally, three stages are set for conducting this process:First stage deals with the requirement for framing the proposal in which developer must include environmental protection plan.Second stage of this process is known as assessment stage in which government conduct the assessment of the project after receiving the proposal from the projecct developer.Last stage of this process deals with the government approval, in this stage authority of the government decide whether they have to approve the projec t or not in the context of environmental obligations (Chambers and company, n.d.). Process stated by government not only provide benefit to environment but it also provide benefit to the company such as company is able to avoid the later cost which incurred at last stage of the project, and because of assessment transparency increases related to laws of mining industry (Safe work Australia, n.d.). The preparation of project for the purpose of this process is stated in Regulation 65 of Mining Regulations 2011 (Mining regulations, 2011). 3.Kyoto Protocol- this agreement is based on the United Nations Framework Convention on Climate Change, and the main purpose to frame this protocol is to take commitment from parties for the purpose of stating the targets related to the reduction of international binding emission. As per this protocol developed countries are the largest contributor of GHG because of the industrial activities they conduct from last 150 years. Through Kyoto Protocol, pressure is put on such countries on the basis of common principles with different responsibilities. This protocol was adopted in Kyoto, Japan on 11th December 1997, and forced on 16th February 2005. Rules related to implementation of this protocol were adopted in Marrakesh, Morocco, and because of this these rules were named as Marrakesh Accords (UNFCCC, n.d.). In case of Rio Tinto, the principles of this protocol directly affect the products and services of the company because of this company always try to mitigate the risk of its activi ties on environment. By following the principles of Kyoto protocol BHP Billiton can also set targets for reducing the impact on its projects on natural environment. Cartagena Protocol on Bio safety to the Convention on Biological Diversity- In Nairobi, this convention related to Biodiversity was finalized on May 1992, and it is opened for commitment on 5th June 1992 in United Nations Conference on Environment and Development (UNCED) in Rio de Janeiro. This agreement was forced on 29th December 1993, and for the critical issue like biodiversity this convention is considered as the important instrument which is recognized at international level. The approach of this convention towards biodiversity is holistic in nature, and it also ensures the sustainable use of natural resources. It also state the principles related to fair and equal sharing of benefits that are derived from natural resources. Biosafety is the main and important issue which is raised and addressed by this convention, and it also includes the issues related to human health protection and natural environment protection against the effect of new biotechnology. However, it must be no ted that as per this agreement biotechnology is also contributing in the development of human life and it also help basic needs fulfillment such as food, agriculture, and health care. This convention recognizes the both aspects of biotechnology. On one hand this convention not only provides access to technology but also state the transfer of technology such as biotechnology, because it is necessary for conserving the biological diversity and ensuring its sustainable use. On the other hand, the convention ensures the protection of biotechnology through procedural development because of the main aim of this convention, and it also reduces the threats related to biological diversity. This convention derives principles on various other issues such as risk to human health. This convention affects the products and services of Rio Tinto because an activity of this company disturbs the land, and maintenance of biodiversity and ecosystems for future generations is important for safe future ( CPD, n.d.). References: CBD. Cartagena protocol on biosafety to the convention on biological Diversity. Available at: https://www.cbd.int/doc/legal/cartagena-protocol-en.pdf. Accessed on 23rd April 2017. Chambers and Company. An Overview of the Australian Legal Framework for Mining Projects in Australia. Available at: https://www.chamberslawyers.com/wp-content/uploads/downloads/2013/10/060518-Presentation-Eng.pdf. Accessed on 23rd April 2017. IBIS, (2015). Overview. Available at: https://www.ibisworld.com.au/australian-company-research-reports/mining/plc--rio-tinto-limited-company.html. Accessed on 23rd April 2017. Migration Regulations 2011- Regulation 65. Rio Tinnto. Rio Tinto in Australia. Available at: https://www.riotinto.com/australia-9559.aspx. Accessed on 23rd April 2017. Safe Work Australia. Mining. Available at: https://www.safeworkaustralia.gov.au/sites/swa/whs-information/mining/pages/mining. Accessed on 23rd April 2017. Statista, (2016). Number of employees at Rio Tinto from 2006 to 2016 (in thousands). Available at: https://www.statista.com/statistics/272483/rio-tinto-number-of-employees-since-2006/. Accessed on 23rd April 2017. UNFCCC. Kyoto Protocol. Available at: https://unfccc.int/kyoto_protocol/items/2830.php. Accessed on 23rd April 2017.