Embedded in the article are concepts related to economic environment and corporate social responsibility (CSR).…
Environmental sustainability has become a hot topic in the last couple of decades because of global warming and other weather related changes. In today’s business world, environmental sustainability is an essential part of corporate social responsibility (CSR); therefore, very important to stockholders, owners, as well as to the public in general. Everybody wants to know how businesses are run and how their operations affect their communities for generations to come.…
It is no mystery that companies exist and desire to make a profit from their product or service being offered. However, it is becoming increasing popular that companies desire to achieve social responsibility in order to increase their public image, which in turn should lead to increased profits. In this class, we learned that social responsibility is the duty to take an action that will benefit the interests of society and the organization (Kinicki & Williams 2011). One of the ways to become more socially responsible that is adopted by many companies is through green management, which is referred to using various policies to reduce environmental problems (Tim Barnett, n.d.). More and more companies are becoming concerned about the impact their organization is having on the natural environment.…
In global markets, modern corporates have significant power to exercise a positive influence in the countries, where they buy goods and services from global suppliers in bulk. Recognising this influence is the first step to understand the contribution of the modern corporates in developing countries’ economies and in turn their self-benefit. As being giant firms at one end of the buying chain with the cost reduction advantage, they shouldn 't be reluctant of getting involved and operate with the suppliers to improve working conditions and comply with the ethical trading regulations. Business Corporations should also think and take responsibility for the environment around them. Taking this responsibility is the first step to recognize Corporate Social Responsibility. Corporate Social responsibility is when a business monitors and ensures its active compliance with the spirit of the law and ethical standards. It is a process with the aim to embrace responsibility for the company 's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. The concept of CSR is well explained by Gordan Brown, Chancellor of Exchequer, that in this era Corporate Social Responsibility goes far beyond the old trend of the past (donating money to a good cause at the end of the year) And is now an all year round responsibility the companies accept for the environment around them. To provide best working practices, the engagement in local communities and for their recognition that brand name does not only depend on quality, price and uniqueness but how they interact with companies’ workforce, community and the environment.…
CSR helps businesses keep tabs on environmental, social impact. 2010. The Borneo Bulletin, August 7. ProQuest. http://proquest.umi.com.dbgw.lis.curtin.edu.au. (Accessed September 1, 2010).…
Today, corporate social responsibility is becoming more and more important. Many companies are looking to put in place a management system that care about ecology. In this perspective we will talk about a company that has set itself the mission of being green. We will see how they proceed to achieve their goals and how they could improve them.…
Corporate Social Responsibility (CSR) has been defined as many things lately. Simply put, it is the commitment of a business or company to continuously upgrade its processes, systems, products and services by behaving responsibly and creating value for local communities they operate in, and by enabling its employees, existing and potential customers to improve their standards of living. Companies are said to be able to achieve their business goals in a transparent & ethical manner by living in the hearts and minds of their stakeholders and customers with help of CSR initiatives.…
Social corporate responsibility is the fashion of business world for the recent decade. Increasingly companies are getting involved with CSR and try to regulate themselves to the ethical standards and care about all the stakeholders namely environment, society,…
As globalization continues, the earth 's natural processes transform local problems into international issues along with the development of international commercial activities. Few communities are being left untouched by major environmental issues and social problems. As one of the most active and influential elements of the human society, the business world has been required, for several decades, to shoulder more responsibility by their consumers and society in general. The concept of corporate social responsibility (CSR) draws more and more attention from all sectors of society, and is considered as an issue that we cannot afford to ignore.…
With CSR on our minds, it is good to address what we are already doing to give back to, and strengthen the environment. We are a company that has adopted “1% For the Planet.” With this movement we are giving one percent of our sales to organizations that are engaged in environmental causes.…
Abstract: Starting from the times of barter system to today’s modern era of plastic money, the mankind has trodden a remarkably long path. Undoubtedly “profitability” has always been the driving force and an undercurrent behind all this development; but as every coin has two facets; growing cut throat competition and business rivalries started taking heavy toll on the quality, transparency, environment and the society in general endangering the peaceful coexistence of business and society. The businesses houses started realizing that they would have to rise over and above the profitability and take care of all those associated with their survival in the society directly or indirectly. This realization resulted into the concept of Corporate Social Responsibility (CSR). This research paper moves around developing an understanding about the corporate social responsibility (CSR), delving into its concept and finding out its scope taking the case study of the TATA Group under Mr. Ratan Tata who has exemplified the sense of responsibility towards the upliftment of common masses and protection of the environment and development of the nation. Keywords: Corporate citizenship, Corporate social responsibility, Employee, Productivity, Profitability, Society, Stakeholders. I. Introduction…
At Sime Darby, Corporate Social Responsibility (CSR) is reflected in amongst others, the collective commitment and accountability of all its business operations. Due to the diverse business nature of the Group and its widespread operations, Sime Darby continuously strives to inculcate and embed CSR into its value chain, taking into consideration its responsibilities to and the expectations of its stakeholders. It is a commitment that goes beyond regulatory compliance and ethical business behaviour. Over the years, Sime Darby’s commitment towards CSR and its initiatives have continued to be expanded, improved and refined. Today, Sime Darby’s CSR framework is…
Yayasan Sime Darby’s activities are guided by a policy of non-discrimination, to ensure that the funds at its disposal benefit all deserving parties.…
Deajan holdings are a properties company established and formed in 1935 as “Deajan samoedra Estates Ltd”. Initially it was started off as Plantation Company located in The Island of Java striving to procure the large rubber and coffee plantation industry in the Far East Dutch Indies. Due to the uprising of action taking place leading to the independence of Indonesia, in 1949 the plantations was occupied and destroyed. This resulted in the company keeping their London stock exchange listing, selling their assets in Indonesia and consequently becoming a doormat shell company by 1955. The chairman and CEO of Deajan holdings, Benzion Freshwater born in 1897 fled Poland due to the Second World War in where his wife and 3 children died in the holocaust when Poland was invaded. Benzion settled in London’s East End in 1947 where he got married to a widow with 2 children, the children are now the present directors of Deajan holdings, Solomon and Bezion Freshwater. By 1957 Deajan properties had developed further in London acquiring numerous amounts of landmark buildings in London. These assets where further used to reverse takeover with the London listings to maintain their…
The rationale for CSR has been articulated in a number of ways. In essence it is about…