3.6 CSR in British Petroleum Academics‚ government officials and business leaders focus prominent attention on the concept of CSR‚ specifically in the special province of environmental protection. British Petroleum (BP) has won acclaims and awards for CSR. But Swaminathan S Anklesaria Aiyar (Times of India‚ Bangalore edition 2010) argued in his article that BP has created the greatest environmental disaster in history which includes its out-of-control Macondo deep-sea well. Gulf of Mexico oil leak
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contribute to the company’s vision ‘to be the standard against which others are measured’. Central to the running of these units are the values of M&S. These include quality‚ value‚ service‚ innovation and trust. Each business unit develops its own CSR strategy based around the brand value of trust. The issues tackled in the strategies are identified from a combination of customer research‚ understanding within the business and by talking with other key stakeholders‚ NGOs‚ government etc. For each
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AJINOMOTO Ajinomoto followed Bursa Malaysia CSR framework and looks at four main points area for CSR practice which are the environment‚ the community‚ the workplace and the marketplace. Firstly‚ Ajinomoto Malaysia committed to the healthy development of society. They sponsored and carried out their Corporate Citizenship Day at the Orang Asli villages of Kampung Penderas and Kampung Pasu in Kuala Krau‚ Pahang on 31 March 2012. Ajinomoto staff collaborated with Universiti Putra Malaysia (UPM) volunteers
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CSR practiced by Southwest Airlines To build a reputation as a leader in corporate social responsibility‚ companies should focus on strong governance practices‚ positive working conditions‚ and a commitment to supporting the needs of communities and the environment Southwest airlines has consistently been on top‚ in the American companies that are nominated as the best practitioners of CSR in the country. Southwest divides its social responsibility among three principal categories; Community outreach/volunteerism
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- 066 CSR Practices and CSR Reporting in Indian Banking Sector NISHI SHARMA* University Institute of Applied Management Sciences Panjab University‚ Chandigarh-160014‚ India IJ Corresponding author: Email id: jmdnishi@yahoo.com Phone : +911722727251 ISSN: 2230-7826 @ 2011 http://www.ijaebm.iserp.org. All rights Reserved. Page 58 A EB M Nishi Sharma - (IJAEBM) INTERNATIONAL JOURNAL OF ADVANCED ECONOMICS AND BUSINESS MANAGEMENT Vol No. 1‚ Issue No. 2‚ 058 - 066 CSR Practices and CSR Reporting
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_____________________________________________________________________________________________ CORPORATE SOCIAL RESPONSIBILITY (CSR) Corporate Social Responsibility (CSR) in Hindustan Unilever Limited (HUL) is rooted in its Corporate Purpose - the belief that "to succeed requires the highest standards of corporate behavior towards our employees‚ consumers and the societies and world in which we live". HUL’s CSR philosophy is embedded in its commitment to all stakeholders -- consumers‚ employees‚ the environment
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Case 2- Nike’s CSR Challenge 1. The challenges regarding corporate social responsibility that companies in the apparel industry face in their supply chain around the world is very complex. Apparel is something that everyone can make‚ so for companies they need to find a way to keep their prices competitive but also provide quality products. In this case we see some evidence of what was going on in The South Asian plants that produce Nike’s shoes. These poor conditions are not caused by Nike but
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individuals can have social responsibilities and that the purpose of a corporation is to provide the highest possible returns to shareholders while obeying all the laws and regulations. There are 5 main arguments against CSR. First of all‚ it lowers economic efficiency and profits. CSR also imposes unequal costs among competitors and imposes hidden costs which are passed on to stakeholders. Also‚ more often than not‚ carrying out these social responsibilities require skills which businesses may lack
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report states that about 25% - 50% of plants restricted their employees from drinking water & accessing toilet during the working hours. Almost the same percentage of factories denied workers at least a day off of the seven days that they work. Nike’s CSR Challenge highlighted the difficulties of bringing change to a company that isn’t centralized. In fact‚ the challenge was to alter the way business is done. Traditionally‚ leadership was seen as guidance to steer your employees towards the company’s
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CSR ACTIVITIES OF ITC ITC Limited was incorporated on August 24‚1910 under the name of ‘Imperial Tobacco Company of India Limited at Radha Bazar Lane‚Kolkata.Later it was renamd as “Indian Tobacco Company.”in 1974.It is one of the Indias’s foremosrt private sector companies with a market of approx $14 billion.Its range of products includs:Cigerettes & Tobacco‚Hotels‚Information Technology‚Paperboards & Speciality Papers‚Agri-Exports‚Foods‚Lifestyle Retailingand Greeting
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