responsibility is a figure of business self-regulation incorporated into a business model. CSR policy functions as a built-in‚ self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law‚ ethical standards‚ and international norms. CSR 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
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Corporate social Responsibility (CSR) practices are fast gaining importance as a means for companies to gain market access and customer loyalty‚ thus resulting in long-term business sustainability. What are the drivers pushing business towards CSR and how important is it. CSR Summary Corporate Social Responsibility (CSR) is the continuous commitment by business counterpart to behave ethically whilst contributing to the economic economy of the country without neglecting the living standard of its
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CORPORATE SOCIAL RESPONSIBILITY Question 1: Discuss the CSR practices of any one organization of your choice. Answer Coca Cola India is the organization which has been winning the ‘Golden Peacock’ award for Environment Management many times. Hence I have selected it as the organization whose CSR practices I will be discussing here. The company proudly states its 120 year old history with its global presence in about 200 countries and 90‚500 associates. The company contributes not only to the
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Infosys was founded on 2 July 1981 by seven entrepreneurs‚ Nagavara Ramarao Narayana Murthy‚ Nandan Nilekani‚ Kris Gopalakrishnan‚ S. D. Shibulal‚ K Dinesh and with N. S. Raghavan officially being the first employee of the company. The founders started the company with an initial investment of INR 10‚000.[6] The company was incorporated as "Infosys Consultants Pvt Ltd." in Model Colony‚ Pune as the registered office.[7] Infosys headquarters in Bengaluru‚ India Infosys went public in 1993
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all‚ I think CSR is the good way to firms development sustain. In other word CSR is a way for companies to benefit themselves while also benefiting society. In today as consumer’s awareness about global social issues continues to grow‚ so does the importance these consumers place on CSR when choosing where to shop. CSR plays an importance role effect to consumer decision when they paid for any product. People want to feel good about what their dollar is doing. On primary focus of CSR is the environment
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What is CSR? Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic‚ environmental and social imperatives (“Triple-Bottom-Line- Approach”)‚ while at the same time addressing the expectations of shareholders and stakeholders. In this sense it is important to draw a distinction
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their revenues and stock prices. It is active in every area of the oil and gas industry‚ including exploration and production‚ refining‚ distribution and marketing‚ petrochemicals‚ power generation and trading. It also has major renewable energy activities‚ including in biofuels‚ hydrogen‚ solar and wind power. BP has operations in over 80 countries and produces around 3.8 million barrels of oil per day and has 22‚400 service stations worldwide. Its largest division is BP America‚ which is the biggest
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Social Responsibility Audit of McDonalds Company Social Responsibility Analysis for McDonalds CSR McDonalds operates in fast food industry. Given the competitive pressures in fast food market‚ McDonalds holds highest market share in terms of sales. McDonalds exists across the globe and has expanded in emerging economies before the main competitors expanded such as Burger Kind. Concerns for healthy food consumption and obesity are increasing therefore McDonald’s values its policies regarding stakeholders
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from the 1.4 trillion people. One of the US based company‚ which it’s going to invest 35% of its stake‚ to a fast growing China private-owned timber flooring company. Like most local Chinese company‚ CSR is not implementing in that company as well as no management working on it. Generally speaking‚ CSR (Corporate Social Responsibilities) is a form of corporate self-regulation integrates into business model‚ in which a company monitors and ensures its active compliance with the spirit of law‚ ethical
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to company efforts that go beyond what may be required by regulators or environmental protection groups. Corporate social responsibility may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company‚ but instead promote positive social and environmental change. Mr Koh Juan Kiat explained that adopting CSR brings intangible benefits such as a good reputation for the company‚ high morale among employees
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