...Introduction * Current business environment: Responsible business is good business Both of us used to consider that if we become rich someday, what we can do or do something significant after I read some articles on corporate social responsibility. It is true that most of great companies always contribute to their wealth and to overall societal wealth by considering the effective on their employee, customers, the environment they existed, they competitors, shareholders and others to maximum the both wealth and improve their overall value when they making the decision in the current world. Not only consider about the money any more, they’ve move the main point to the both sides. Most of great companies are move their strategies on the understanding of the relationship between responsible business and good business. The external investors and market will measure the company’s strategies and performance based on their corporate social responsibility. It is a good approach that the CSR activities will help the company to build an effectively relationship with their customers and employees to acting responsibly towards then both of them will create more and more additional value for the company’s shareholders, stakeholders, and overall sides of company. Somehow, the company need to working close with their stakeholders to better develop their innovative and economically viable products, processes and services in order to improved environmental protection and social conditions...
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...CORPORATE ENVIRONMENTAL RESPONSIBILITY:1 Is a common CSR framework possible? PIOTR MAZURKIEWICZ DevComm-SDO World Bank This paper is not intended to serve as an exhaustive, comprehensive treatment of CRS. Rather, it is part of a broader discussion on corporate social responsibility, in the context of environmental protection. This paper is not a publication of the World Bank. It is circulated to encourage discussion.. The views expressed are solely those of the author and his views and this paper should not be attributed to the World Bank. This paper benefited greatly from the advice provided by Charles E. Di Leva, Lead Counsel, ESSD and International Law The World Bank Legal Department. 1 1 I. ABSTRACT Traditionally, environmental protection has been considered to be “in the public interest” and external to private life. Governments have assumed principal responsibility for assuring environmental management, and have focused on creating and preserving a safe environment. They have directed the private sector to adopt environmentally sound behavior through regulations, sanctions and occasionally, incentives. When environmental problems have arisen, the public sector has generally born the responsibility for mitigation of environmental damage. . In this approach, some have contended that unrestricted private sector behavior has been considered as presenting the “environmental problem”. However, the roles of sectors have been changing, with the private sector becoming an active...
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...Nikon Part I: Data collection I. Mission statement: CSR Policy: For the Nikon Group, fulfilling CSR means embodying its corporate philosophy: "Trustworthiness and Creativity." We are aiming to contribute to sustainable development by living up to the trust we are given by society, and also by creating more value than expected. As a common plan of action for the entire Group we have adopted "Our Aspirations," which were formulated through a project discussion in which both top management and employees participated, and "Our Commitments," which are made to realize those aspirations. We are also working to increase CSR awareness among each and every employee through the Nikon CSR Charter, which is Nikon Group's basic policy on social responsibility, and the Nikon Code of Conduct, which is our code for daily business activities. Furthermore, we participate in the UN Global Compact, and support its Ten Principles regarding Human rights, Labour, Environment, and Anti-corruption. Diversity: The Nikon Group employs people with a diverse range of backgrounds. By respecting their diversity and human rights and by treating them fairly, our basic policy is to develop an environment in which employees can make the most of their abilities and produce results as a team. We currently focus on efforts in Japan, such as supporting the progress of women in the workplace and assisting people with disabilities. Nikon Corporation pursues a basic policy under which it develops systems...
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... LITERATURE REVIEW The concept and framework of CSR has been established by the European Union in relation to promote the CSR to the business society and environment. Corporate Social Responsibility refers to the “firm’s consideration of, and response to, issue beyond the narrow economic, technical, and legal requirements of the firm…(to) accomplish social benefits along with the traditional economic gains which the firm seek.”(Husted 2003). CSR was defined by European Commission (2007) is “a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with the stakeholders on a voluntary basis” following increasingly aware that responsible behaviour leads to sustainable business success. CSR is about managing change at company level in a socially responsible manner which can be viewed in two different dimensions: 1. Internal – socially responsible practices that mainly deal with employees and related to issues such as investing in human capital, health and safety and management change, while environmentally responsible practices related mainly to the management of natural resources and its usage in production 2. External – CSR beyond the company into the local community and involves a wide range of stakeholders such as business partners, suppliers, customers, public authorities, and NGOs that representing local communities as well as environment. A company should focus on areas such as economic...
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...It is a central tenet of advocates of the concept of corporate social responsibility (CSR) that corporations receive a social sanction from society that requires that they, in return, contribute to the growth and development of that society. There is little argument as to the existence of this sanction but considerable debate as to whether it requires more of the corporation than the obvious: enhancing the society by creating and delivering products and services consumers want, providing employment and career opportunities for employees, developing markets for suppliers, and paying taxes to governments and returns to shareholders and other claimants on the rents generated by the corporation. For those with a narrow conception of CSR, the corporation has little, if any, obligation to the society other than the creation of economic rents that can accrue to the stakeholders with recognized rights to those rents. For those with an expansive view of CSR, the corporation should serve as an instrument of public policy by other means. For those seeking a compromise, CSR is something in between these two extremes. The discourse between the two extremes has, to some extent, taken on the characteristic of a religious debate, since little fact or science has been brought to bear that would reveal what the costs and benefits of CSR truly are. This has arisen not simply because many of those involved in the debate have a vested interest in the outcome and “From...
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...Introduction Business and environment are two aspects which are interlinked which each and other. When we talk about business, we can never neglect the environment factor and vice-versa. If a person opens a business of manufacturing Glue and Adhesives, He has to be aware of the environmental factor. The interaction\relation between environment and business can be positive as well as negative. The positive relation between these two components could be the awareness which is being spread all over the world about the importance of environment in someone's in today's world. Business produces the goods and services that meet our needs, wants and desires. It is this process that has lead to much of the destruction of the environment that has taken place. This damage continues on a daily basis. Purpose There can be little doubt that mankind and indeed the whole planet is facing an environmental crisis. The environment crisis can be seen as global warming, ozone depletion, acid rain, tropical deforestation or top soil erosion. The role of business is playing a crucial role in creating this crisis and what it can do to help protect the environment in the future. So the purpose is to know how the business can help our environment and in which way it can bring up the positive change. The goals are: * To know how the business is affecting the environment. * To know in what way the business can contribute to the society. * To know what is the present scenario of the businesses...
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...terms of decision-making and influence, and on the increasing power of multinationals. Data from the World Economic Forum (WEF) shows that among the largest 100 global economies, 51 of them are transnational groups and the rest are national states. Although businesses represent the lifeblood of a nation's economy, they place excessive demand on the natural environment in pursuit of growth and stress the earth's ecosystems. As a result, earth-protection groups are calling on transnational groups to take up environmental, moral and social responsibilities. "Sustainable Development" is widely considered the challenge facing corporations in the 21st century. One of the prerequisites to achieving sustainable development is by sincerely carrying out corporate social responsibility (CSR). In the past, a company’s responsibility was about maximizing profits for shareholders and fulfilling CSR through the tax paying mechanism; that was all about social responsibility. Nowadays the definition of CSR has shifted from acting egoistic to altruistic. For example, the World Business Council for Sustainable Development (WBCSD) defines CSR as "a business' commitment to contributing to sustainable economic development, working...
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...am still in the beginning of learning how to write a good research from her, and I would say thank you very much. Abstract GHRM is a concept of how the company going green and to change the culture of the company to a green business through implementing its practices and policies which are integrating to CSR to reach the social needs of the employees by keep them feeling afe and work in safety and health work place to increase their retention, but these policies are not suitable for all kind of businesses as they have disadvantages on some businesses and a lot of consequences and that what the paper will discuss from what are the types of businesses cant implement these practices and what are these disadvantages. Keywords: GHRM, HRM, CSR, social needs, green business, greenwashing Table of Contents II. List of Abbreviations 5 III. Chapter 1: Research Outline and Introduction:- 6 A. Introduction 6 B. Research Objectives 7 C. Study structure 8 IV. Chapter2: Literature Review:- 9 A. An overview about GHRM 9 B. The advantages of GHRM 10 C. How to implement GHRM practices and policies 11 D. An overview about CSR 12 E. Is GHRM suitable for all kinds of businesses? 13 V. Chapter 3:...
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...for the company's effects on the environment and impact on social welfare. The term generally applies 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 (investopedia). 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...
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...Corporate social responsibility in transportation general view (why transportation and relation between csr and transportation) Socially responsible business is implemented not only through adherence to the code of ethics. The idea of Corporate Social Responsibility (CSR) also involves a conscious impact on environment and more specifically on local environment. Prosocial activity is only one of the branches within Raben Group framework of responsible business activity. It assumes care for natural environment and the world that will be faced by future generations. Characterizing corporate values the CEO has compared a company to a man, who, just like a company, needs favourable conditions to exist and flourish. According to this metaphor a company is also a moral subject, therefore, it should have a conscience. CSR strategic aims * Taking care of health and guaranteeing safety, * Partnership, dialogue and sharing with stakeholders, * Attracting and retaining the best staff, * Compensating negative impact on the environment, * The role and quality of transportation and logistics services. One of the best ways to address corporate social responsibility (CSR) related to the impact of vehicle emissions associated with a conference or convention is to select destinations that do not require significant driving between the airport, event hotels and meeting/event venues. But conference and event planners have other ways they can influence sustainability associated with...
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...CORPORATE SOCIAL RESPOCIBILTY: HOW ACCEPTABLE IS IT? INTRODUCTION In its regular functioning, organisations can have immense negative impact on its environment. The most obvious example being oil spills and deforestation for industrialisation, but industries as different as chemical manufacturing, mining, agriculture and fishing can do permanent damage to local ecosystems. Globalisation and its irreversible effects can also be blamed to a large extent to these organisations. While end consumers of these industries who demand the products these organisations manufacture are at fault too, it is undeniable that many corporations have ignored their social responsibility and simply focused on their profitability at the stake of harming their immediate environment. In the context of this unacceptable policy, some fractions of the corporate world have started to accept a philosophy that focuses on both profit as well as functioning ethically. This principle, called Corporate Social Responsibility (CSR) refers to initiatives taken by an organisation to measure and reduce the negative impacts it has on its environment. It generally refers to the extra efforts taken by the organisation to focus on the social wellbeing of all its stockholders and to the world at large. ABOUT CORPORATE SOCIAL RESPONSIBILITY Companies at times invest in local communities in order to compensate for the negative impacts their operations might have. The most obvious way might be to donate money to charity...
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...University. Dear Ma’am, We are delighted to present the Report on “Environmental Costing and Analysis” of Square Bangladesh. Your instructions have been strictly followed by us to build up a vivid picture of the company’s Environment issues & cost performance as you have mentioned. Yours Sincerely, NAME | ID | | | | | | | Thank You. Executive summary Premier Cement Mills Ltd is one of the leading cement companies of the country. The company was started off by top ranking businessmen who had long years of experience in the cement business. In this report, we have tried to give a complete picture of the cement industry of Bangladesh. For a background, the history of the cement industry has been included. We have also focused on the various stages of the cement industry in our country hi-lighting on some of the important years and legal situations that took place. The ranking of the top ten cement companies have also been given which is followed by a thorough analysis of the cement industry in terms of different Environment issues. The position of the cement industry and Premier Cement Mills Ltd have been briefly explained in respect of environment welfare. Premier Cement Mills Ltd has different competitors in the market who produce similar products with similar pricing for the market of Bangladesh. Premier Cement Mills Ltd is a company who are striving hard to improve their position...
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...Hentnick, Dawn Trudeau, Delia Trevino PHL 323/Ethics in Management University of Phoenix Marks and Spencer’s 100-Point Plan A The Marks & Spencer (M&S) retail corporation is an example of ethical corporate social responsibilities at its best. Decisions are made by a corporation that changes an environment by making good moral choices for the well being of all. Consequential theory has been obtained through pushing an eco- friendly environment to maximize the benefits of all and minimizing harmful toxins in the communities. The deontological duty what is right for society and the ultimate environment of all. Ethical change has brought about a new way to tackle an old issue. The issue is a clean and friendlier environment for years to come. Challenges of negative limitations may bring friction in pursuing other corporations to bond together and use the same services. The positive outcomes for other corporations are the well being and safety for all. Marks and Spencer (M&S) retailing corporation has developed a 100 point plan to make their company more eco-friendly. The plan is designed to reduce the company’s energy use, eliminate the use of landfills for their waste and have all the raw materials brought in from the most sustainable...
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...are aware that global warming is an issue that calls for a global response. The rapid change in climate will be too great to allow many eco-systems to suitably adapt, since the change have direct impact on biodiversity, agriculture, forestry, dry land, water resources and human health. Due to unusual weather pattern, rising greenhouse gas, declining air quality etc. society demands that business also take responsibility in safeguarding the planet. Green finance as a part of Green Banking makes great contribution to the transition to resource-efficient and low carbon industries i.e. green industry and green economy in general. Green banking is a component of the global initiative by a group of stakeholders to save environment. The state of environment in Bangladesh is rapidly deteriorating. The key areas of environmental degradation cover air pollution, water pollution and scarcity, encroachment of rivers, improper disposal of industrial medical and house-hold waste, deforestation, loss of open space and loss of biodiversity. In addition, Bangladesh is one of the most climate change vulnerable countries. In line with global development and response to the environmental degradation, financial sector in Bangladesh should play important roles as one of the key stake holders. In response to the above, urgent measures are required by stake holders for sustainable development and thereby save the planet. Banks hold a unique position in an economic system that can affect...
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...are aware that global warming is an issue that calls for a global response. The rapid change in climate will be too great to allow many eco-systems to suitably adapt, since the change have direct impact on biodiversity, agriculture, forestry, dry land, water resources and human health. Due to unusual weather pattern, rising greenhouse gas, declining air quality etc. society demands that business also take responsibility in safeguarding the planet. Green finance as a part of Green Banking makes great contribution to the transition to resource-efficient and low carbon industries i.e. green industry and green economy in general. Green banking is a component of the global initiative by a group of stakeholders to save environment. The state of environment in Bangladesh is rapidly deteriorating. The key areas of environmental degradation cover air pollution, water pollution and scarcity, encroachment of rivers, improper disposal of industrial medical and house-hold waste, deforestation, loss of open space and loss of biodiversity. In addition, Bangladesh is one of the most climate change vulnerable countries. In line with global development and response to the environmental degradation, financial sector in Bangladesh should play important roles as one of the key stake holders. In response to the above, urgent measures are required by stake holders for sustainable development and thereby save the planet. Banks hold a unique position in an economic system that can affect...
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