Hard work it may be, but I do hope you find complete joy in serving in this manner knowing that your contribution no matter how small it maybe will go a long way in helping to shape and ensure the beauty of our land are well preserved, the water and the air continue to be fresh for us and our future generations to live on. The very nature of the hibiscus flower itself should serve as a perfect reminder to us that nature is fragile. It needs grooming and protection to bloom for us to enjoy. Ladies and Gentlemen, There is an emerging trend, particularly at the international level, for companies to report to the public their environmental policies, objectives and programes undertaken by them. Investors want such information to protect themselves from unexpected losses incurred by environmental costs that would be to the detriment of their investment in a company.
Bankers also require such information to evaluate their credit risks.
The general public wants environmental information to enable them to evaluate the social commitments undertaken by a company. Just like financial reporting through financial statements, environmental reporting is basically a disclosure by a company on its environmentally related information. For the companies concerned such information will help them make better decisions about the cost impact of their environmental issues, thereby enabling them to use preventive approaches rather than curative ones. Environmental reporting is relatively new and is yet to be well defined. At this juncture, there is no plan to legislate on this and to make mandatory for companies to disclose such information in their annual reports.