The company image is linked to the go green movement throughout the country. If it can be shown to potential customers the environment is a major concern, it may bring more business. Alternative fuel vehicles are linked to improved air quality, renewable fuel sources, and decreased dependence on imported oil. When the vehicles produce lower emissions, they lower the company’s carbon footprint. The fact that alternative fueled vehicles and hybrids use fewer oil products also helps to reduce the national dependency on imported oil. With the air quality and oil…
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.…
The level of corporate social responsibility that a firm upholds is determined, to an extent, by the nature of the businesses products. This is demonstrated by BP, despite the company actively engaging in some CSR policies, goods such as oil are inherently harmful for the environment and therefore society. In 2010 BP failed to act successfully in socially responsible manner as 210million gallons of oil was spilled into the Gulf of Mexico. It can be argued that the main reason the company failed to act in a socially responsible manner is due to the nature of the product it produces as oil extraction is a complex process and any problems during extraction can have catastrophic consequences for the environment. It is generally considered that people who buy oil from BP won’t be concerned with the environment as they are purchasing products that have notable negative externalities. This in turn limits the incentive for BP to engage in CSR as customers will purchase their goods regardless of CSR so significant CSR activities will only increase costs and reduce company profits. To the extent that the product determines whether a firm acts successfully in a socially responsible manner depends on how strong the demand is for the product and the customers and stakeholder’s views on CSR.…
The implementation of the environmental standards is the responsibility of the sustainability manager, It is the company management’s responsibility…
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.…
Environmental responsibility has become a part of social responsibility. Managers seek to save energy and reduce waste for the environment. With increased demands on natural resources and global warming, more and more managers see conservation as an important part of giving back to society. Managers put this into action through green architecture, green transportation fleets and increased emphasis on recycling.…
In the other hand companies have to limit the excess damage on the environment, and help people in the economic development this is a way of behaving ethically in a business, cooperate with loyal spirit, ethical values, global measures and develop a general positive impact of the business on the society. when a company choose to be socially responsible they better be prepared to go through some difficulties and critics about the way they operate, and the goals they want to achieve and must not forget the main purpose of the business which is making profit,…
It is important to be socially responsible – that is, to work with stakeholders such as employees, customers, communities, and governments to make sure that the company does its part to minimize negative impacts on society and maximize contributions to important issues that are being addressed worldwide.” (McGraw Hill )…
essuresWhat are the sources of pressure on firms such as FL to reduce their environmental footprint?…
Why is the environmental objective important? As time has elapsed over the years, there has been an increased awareness of the environment and the necessity to protect it. With that said, the author of the article attempts to convey the importance of an environmental objective, because in today’s society, more and more emphasis is being placed upon the preservation of the environment. And, if an organization includes this fifth objective, it can be considered a competitive edge, highlighting their desire to show their appreciation for the environment amongst legislation, and stakeholders.…
It should be brought to the vice president’s attention, should they adopt a corporate social responsibility role, the company is looking out for the environment and the economy. This would be useful to them because if the economy takes a greater down turn it could have an adverse effect on them. So by providing voluntary pro-pollution reduction strategies may produce a motivating factor to the consumers to support the company. The argument could be presented…
D. Birch (2002). Social, Economic and Environmental Capital. Corporate Citizenship in a New Economy. Deakin University, Melbourne…
Supply professionals take on critical roles with regard to leading and directing the development and integration of sustainability and social responsibility policies and strategies into the organization as well as the supply chain. Moreover, supply professionals are also in the position to reinforce the importance of a personal commitment, from organizational members, and how this commitment impacts the sustainability and social responsibility efforts and outcomes. While there are many aspects of sustainability and social responsibility, the specific areas of diversity includes human rights and environment. By (1) establishing an ethics policy, (2) providing ethics training, (3) enlisting an ethics ombudsman, (3) performing checks and balances, and (4)…
Many companies are examining their ethical and social responsibility for the impact of their actions. Under the pressure of environmentalist and human rights groups, companies are to take more responsibilities for…
Environmental management course is very much required in the B-school curriculum. Environmental management can be so important because our environment gives a part of what we are whether our culture are dirty people or clean, it is also nice to live in a nice, clean place which is not polluted. It is also important to get people live in that place if a certain city, country is polluted no one will think of living there and visitors will have a negative point of view on that place. Environmental management is not, as the phrase could suggest the management of the environment as such, but rather the management of interaction by the modern human societies with, and impact upon the environment. The three main issues that affect managers are those involving politics (networking), programs (projects) and resources (money, facilities, etc.). The need for environmental management can be viewed from a variety of perspectives. A more common philosophy and impetus behind environmental management is the concept of carrying capacity. Simply put, carrying capacity refers to the maximum number of organisms a particular resource can sustain. Environmental management is therefore not the conservation of the environment solely for the environment's sake, but rather the conservation of the environment for humankind's sake.…