...Executive summary This report seeks to define Environmental sustainability and examine its importance in the contemporary world of corporate dominance in the world arena. Business activities are regularly having an increasing contribution to environmental problems and threatening sustainability. Phenomena like climate change and extreme weather events have evidenced the effects of relentless use and overuse of natural resources. The need for environmental sustainability has become important now more than ever following the occurrence of repeated natural disasters and studies showing the ill effects on human health. It has been established that the misuse of natural resources can threaten the existence of future generations. The role of businesses, civil society and governments has been discussed in the context of environmental sustainability in this report with focus on climate change. The oil and gas sector is an important sector in terms of sustainability related to the environment. The sector has been scrutinized widely for occurrences like leakages and oil spills. The companies in this sector have a huge impact on the environment. The importance of oil companies in the path to sustainable development has been discussed. The multinational giants British Petroleum and ExxonMobil have been used as case studies to understand the kind of initiatives being taken in this sector for a sustainable environment. Lastly, the challenges related to the sector in implementing these initiatives...
Words: 2888 - Pages: 12
...Environmental Reporting & Corporate Social Responsibility Briefly discuss what is difficult about environmental reporting based on the following items Measurement Issues Transparency And Disclosure Issues Accountability Substitutability Title and Content Layout • Add your first bullet point here Corporate Social Responsibility Environmental Reporting Public disclosure by a firm of its environmental performance information, similar to the publication of its financial performance information. Environmental Reporting & withCorporate Social List Responsibility • Addcompany’s sense bullet point here A your second • Add your thirdand environment (bot the community bullet point here of responsibility towards h ecological and social) in which it operates. Companies express this citizenship (1)through their waste and pollution reduction pr ocesses, (2) by contributing educational and social programs, (3) by earning adequate returns on the employed resources. Measurement Issues There are serious concerns on the appropriateness of attempting to monetize nature in this way. No satisfactory method of assessing, basing our decision-making on the wider implications of our activities. Time Horizons Business decisions tend to be made on the basis of what is likely to happen in the next financial year, year up to five years into the future. Unfortunately some of the environmental impacts that result from business activities can continue to have a negative ...
Words: 966 - Pages: 4
...aims to act responsible in everything it does, being a good citizen in the communities where it operates, and making sure it gets the best employees by providing the best working environment. Its main key objective is to be a responsible company. Vodafone is committed to high standards of ethics, corporate social responsibility and corporate governance that are considered critical to business growth and integrity. The company does not treat CSR as a gesture or add-on; it is part of its core business to achieve sustainable organization success. Vodafone's success is supported by its commitment to ethical conduct in the way it interacts with stakeholders and the way it carry on its business operations. Pressure has been continuously applied on telecommunication industry to improve business ethics through new public initiatives and laws. There are many important ethical and social responsibility developments that forced Vodafone to continuously incorporate and update their corporate social responsibility policies. Vodafone takes a strategic approach to its ethical and corporate responsibility issues. It has a much publicized and unique CSR policy, and its social responsibility strategy...
Words: 4683 - Pages: 19
...1.0 Introduction For ages the primary “responsibility” of business has only been finding ways to increase money which in turn would increase shareholder value. To put it differently, Corporate Financial Responsibility has been the driving force of most business, if not all. However, in the recent decade the driving force was redefined as Corporate Social Responsibility, which covers all social, financial and environmental responsibilities. 1.1 Corporate Social Responsibility Sir Geoffrey Chandler defines corporate social responsibility (CSR) as conducting transparent business practices that are based on ethical values, compliance with legal requirement, and respect for people, communities, and the environment. According to the Social Responsibility of the Businessman, CSR is defined as “the obligations of business to pursue those policies, to make those decisions or to follow those lines of action which are desirable in terms of the objectives and values of our society” (Bowen, 1953). 2.0 The potential of CSR in creating sustainable development The previous driving force had a great potential of exploiting the sustainability of this world at large. This is solely because when a company’s only purpose is to maximize profit at any economic, environmental or social cost. According to the Brundtland report sustainable development is interpreted as the development that meets the needs of the present without compromising the ability of future generations to meet their own needs...
Words: 2563 - Pages: 11
...MGMT1001 Communication in Business Assessment 1 Surname: Ciawiputri Given Name: Karina Dharma Student ID: 17119650 Email: k.ciawiputri@student.curtin.edu.au Unit Name: Communication in Business Unit Code: MGMT 1001 Assignment Title: Assessment 1: Critical Essay Tutor’s Name: Sean O’hara Tutorial Day and Time: Wednesday, 9AM Name of Company: Samsung Electronic Title: Samsung Electronic Social Performance Semester/ Campus Details: Trimester 2A 2015- Singapore Word Count: 1505 words Introduction Nowadays, doing business is not just a matter of earning profit as much as possible, but the entrepreneur should be able to do business in the right way, which is getting the expected profit along with fulfilling the society needs (Okpo 2013). Most organizations have realized and believe that it is important for the company to engage with the society since giving back to the society will create value for the business itself (Miluwi 2015). Having that in mind, according to Broomhill (2007), the organization should think that profit is beyond the objectives without doing business in ethical and socially responsible ways. The multinational corporation, Samsung Electronics is a division of Samsung Group that was established in 1969. Samsung Electronics aimed to enter the television and consumer electronic industry. At first, Samsung Electronics only produced black and white television and then they developed...
Words: 2150 - Pages: 9
...petrochemical products. The company has its operation spread in more than 80 countries and has employed around 90,000 employees. The organisation helps to satisfy the rising energy demand in socially, environmentally and responsible way. During last few years, corporate social responsibility has been gaining more and more prominence and Shell had been one of the first organisations to weave corporate social responsibility into the firm’s business Philosophy. The group undertook a number of projects which all aimed at the sustainable development of those regions where the company carried out its operational activities. Across the globe, the Shell foundation, which was founded with an initial endowment of USD 250 million from Shell, has been actively involved in a number of sustainable development projects. The group’s initiatives were well appraised by World Environment Council. Corporate Social Responsibility Modern business is oblige to satisfy demanding environmental, ethical, commercial, ethical and public standards as specified by the wider society (Crane et. al., 2007; Burchell, 2008). It is an appraised fact these days that economic value enhances through voluntary cooperation between the companies and its stakeholders (Schwartz, 2011; Bacher, 2007). In Nigeria Delta, Shell has been accused of poor stakeholder management (Idowu & Filho, 2009; Amio, 2011). Among the negative effects, some effects were frequent oil spills with poorly executed clean ups and unfair compensation...
Words: 2748 - Pages: 11
...practiced. It included their visions, programs, memberships, partnerships and community involvements that benefit society. Websites such as southwest airlines.com presents the company’s principle and what their mission is. Research from other websites display Southwest Airline’s unorthodox...
Words: 618 - Pages: 3
...Tarnesha Covington Student 212303 DBA 7035-Business, Government, and Society Dr. Robert Roberson The Nonmarket Environment of McDonald’s Case Study #1 DBA 7035-Business, Government, and Society Case Study #1 1. Characterize the four I’s. a) Issues: McDonald’s Restaurant chain has faced over 17 nonmarket issues all affecting the industry financially, economically, and medically. McDonald’s has rendered a policy of health and welfare for all of its international consumers to combat all epidemic diseases that derive from obesity and promote a society of healthier living. This franchise encountered many law suits, brand/ food changes, and government infractions in order to improve the wellbeing of the consumers and reputation of the company. McDonald’s main issue is the health issue, which was imposed by the public media and company agencies indicating the dangers of fast food and the obesity rate of the economy. b) Interest: The consumers have the largest interest in McDonalds’ when it comes to the level of obesity in America. They were targeted because of the increased calorie intake individuals were consuming which led to an overall increase in their daily body mass index (BMI). Congress advocated to McDonald’s to apply changes to their menu and the way they advertised. They wanted these changes to target children and promote a healthier eating lifestyle. Throughout the century different economy epidemics have hit the environment. Each time...
Words: 711 - Pages: 3
...taking into consideration phenomenon of prosumerism, when consumers are taking an active part in co-creating value of the product sand services they acquire. Thirdly, CSR introduces changes in operation not only of one company but the whole value chain. Let us take a closer look on these reasons. 1. Increasing transparency of corporations. As Senge and Carstedt have noticed, companies are experiencing increasing pressure of public and community attention to the way business operates in terms of its influence on the environment and society. We can observe it via different channels – PR, advertising, reporting. Through their PR activities companies underline their CSR policies. Even when they do not do it consciously, they have to address these issues when facing public critics in case of irresponsible behaviour is revealed. One of the examples here would be disastrous oil spill in the Gulf of Mexico by BP, when company had to not only fix the technical problem but also response to all the criticism it faced publicly. When it comes to advertising, corporations do not miss a chance to introduce their CSR efforts. Cars are reducing their pollution contributions, cosmetics is developed without animals...
Words: 686 - Pages: 3
...commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society. There are four Corporate Social Responsibilities: * Economic Responsibility * Legal Responsibility * Ethical Responsibility * Discretionary responsibility Objective of the Report The objective of the term paper is to highlight the corporate social responsibilities by comparing Square group and ACI group. It will enlighten the csr activities which are done by the two groups of companies for the development of society as well as improving the quality of life. Methodology of Study: We actually went through many phases for research method. We have followed the guideline supplied by our instructor.. * Firstly, we created a conceptual framework of the topic. * Secondly, we collected data from primary sources and secondary sources. * Thirdly, we analyzed the data to fit the data in appropriate location to have meaningful and relevant information. * Fourthly, we implemented and developed by writing the information under proper heading. Scope The scope of the term paper will limit to the csr activities of the companies only. The contents of the term paper will be the best possible information available thus preserving the confidentiality of the company’s policies and procedures. Limitations To produce the report we faced lots of limitations...
Words: 2478 - Pages: 10
...Anhui Management Development Centre/ Anhui Economic Management Cadre’s Institute BTEC Center Program: HND in Business Unit Title: Marketing Planning Unit No: 19 Assignment Title: Case Study for Marketing Planning Assignment No.: 1901 Issue Date: March 16, 2015 Submission Deadline: April 30, 2015 Assessor/Tutor: Dai Chun Internal Verifier: Qiao Hui Student: Student’s Reg. No: NOTES TO STUDENTS • Check carefully the submission date and the instructions given with the assignment. Late assignments will not be accepted. • Ensure that you give yourself enough time to complete the assignment by the due date. • Do not leave things such as printing to the last minute – excuses of this nature will not be accepted for failure to hand-in the work on time. • You must take responsibility for managing your own time effectively. • If you are unable to hand in your assignment on time and have valid reasons such as illness, you may apply (in writing) for an extension. • Failure to achieve a PASS grade will results in a REFERRAL grade being given. • Take great care that if you use other people’s work or ideas in your assignment, you properly reference them in your text and any bibliography. • When you refer to the work of other authors in your assignment, you must practice citation by following Harvard System for Referencing. • If you are caught plagiarizing, you could have your grade reduced to zero, or...
Words: 2689 - Pages: 11
...centrum vid Stockholms universitet som verkar för samarbete över fakultetsgränserna. Vi samarbetar med alla institutioner vid Stockholms universitet som bedriver miljörelaterad forskning. CTM utvecklar tvärvetenskapliga utbildningar, samordnar större forskningsprojekt och informerar omvärlden om universitetets miljöforskning. Centrum för tvärvetenskaplig miljöforskning hette tidigare Centrum för naturresurs- och miljöforskning, CNM, och har funnits vid Stockholms universitet sedan 1990. Hemsida: www.ctm.su.se STOCKHOLM UNIVERSITY Centre for Transdisciplinary Environmental Research Sustainable Enterprising Master’s Thesis (20p) CORPORATE SOCIAL RESPONSIBILITY IN THE HOTEL INDUSTRY: A CROSS CULTURAL PERSPECTIVE TERESA NORD Academic Advisor: Hans Rämö Stockholm University School of Business Master’s Thesis (20p), Fall 2006, Stockholm University ABSTRACT Attention to business ethics in varying environmental, economic and cultural contexts has become increasingly important as enterprises expand globally. This thesis attempts to determine the impact of culture and local context on CSR performance by evaluating and comparing CSR performance across hotel groups in culturally and geographically diverse regions. Data on indicators for waste production, water consumption, energy use, equal employment opportunity, employee training and employee organization were collected...
Words: 19753 - Pages: 80
...the most sufficient athletic shoes after the dominance of German and cheap Japanese athletic shoes in the American market (Almaney, 2000). The company has gained increased sales since it was formed and thus making it a global giant in the manufacturing and sale of sports equipment utilities. The company has faced a number of challenges in its daily administration in the market as a result of stiff competition, imitation, environmental pollution and lack of raw materials. The company in the mean time has managed to be in a profit making trend as it has recorded that highest numbers of sales as compared to its competitors Adidas and Reebok, with Nike commanding 30.4% compared to 15.5% and 11.2% for Adidas and Reebok respectively (Amway, 2013). Environmental considerations and recommendations (planet) This is the first and most important reason for Nike involvement in cooperate social responsibility; is to improve the environment with the statement from the company CEO stating that ‘the world will remain behind when we are long gone and we have to conserve it is for the future generation’. Nike isn’t resistant against any lawsuits on matters relating to environmental pollution. That is the reason for the reduction in the company’s sales as a result of the negative news that is associated with it contribution on environment pollution (Davis, 2010). The company has responded to the cry of the masses and has improvised ways that will help it achieve environment...
Words: 1362 - Pages: 6
...Corporate social responsibility (CSR) in this era of globalization can be termed as an essential business cost for companies to achieve success in the long term. Hence to uphold the brand of CSR, corporations are not to neglect the environment that would tarnish their image. Royal Dutch Shell Plc is ranked seventh among the top global oil producing companies for year 2012 by Forbes (Christopher Helman 2012). Despite its prominent reputation and its claimed aim of achieving the worldwide energy demand in a responsible manner, it does negate the fact their business operations have impacted the environment of Nigeria. The pressing argument that will be discussed in this paper would be the interminable oil spills due to the defective facilities and insufficient checks of equipments which are identified as the one of the main sources of the environmental contamination by Shell in the Niger Delta, how these irresponsible activities have implicated the environment which leads to unfavourable circumstances for society and stakeholders such as institutional investors, and the efforts made by Shell to counteract the situation. Background of Oil Spills in Niger Delta Before Shell tapped on the Delta, the eastern area of Nigeria was resource wealthy. However what thought to be a profitable activity for the corporations as well as Nigerian people too turned out to be a severe environmental threat and has been evolving for a few decades since 1956. Shell did acknowledge that their operations...
Words: 2192 - Pages: 9
...Environmental degradation has been one of paramount progressive issues the world is facing in different ways. This tumultuous predicament had been as result of deforestation of forest trees and women and men who are environmentalist and eco-feminist had played many roles in fighting against the patriarchal capitalist from further destruction and advocating protection of the environment and forest reserves. Deforestation is cutting down of trees in the forest areas and within our surroundings which meets human natural needs and provides a dwelling to wild life and other animal species. The study of environmental changes through eco-feminist perspective helps to throw light on the effects of those changes, roles humans played in effecting those changes, gender roles, economic roles in the destruction of our environment through deforestation. According to Catharine Roach article “Love your Mother”, “the eco-feminist book Rape of the wild evokes this latter motif of the fertile but wounded earth by linking the violent treatment of women with violent against animals and the ecosystem (Roach, pg: 26)” this explain the power imbalance that exist in the system where a particular group in position of power sees everything under their control as powerless and an idea of exploitation. This is also the case in the issues of deforestation. Deforestation is deteriorating our environment which in some cases is as a result of increase in human population and it is disturbance as well as...
Words: 1500 - Pages: 6
