..., Jain Irrigation Systems Limited Corporate Social Responsibility Report and Analysis Corporate Social Responsibility Division C, MBA Core, Trimester-I ChaitanyaBh K K (C009) Rahul Gupta (C018) SameeraMunipalli (C030) PratheekMuriki (C032) Sunil Ramavarapu (C041) RabindraVerma (C060) Table of Contents Agriculture Sector 2 Agriculture Sector in India 2 Jain Irrigation Systems 3 CSR Activities of JISL 4 Work Place 4 Market Place 5 Community Development 5 Environment Sustainability 6 Critical Analysis 7 Analysis of JISL’s CSR initiatives and activities 7 Analysis of CSR activities at Workplace 7 Analysis of CSR activities at Marketplace 7 Analysis of CSR activities at Community 8 Analysis of CSR activities at Environment 8 JISL CSR and its alignment with MDGs & NVGs 9 Recommendations 10 References 10 Agriculture Sector Agriculture is the world's largest industry. It employs more than one billion people and generates over $1.3 trillion dollars worth of food annually. According to the World Bank, 70% of the world's poor who live in rural areas and agriculture is their main source of income and employment. Depletion and degradation of land and water pose serious challenges to producing enough food and other agricultural products to sustain livelihoods here and meet the needs of urban populations. Thus, the need for sustainable resource management is increasing rapidly. Demand for agricultural commodities is rising...
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...Sydney Morning Herald 2013, ‘Bosch dumps solar business as losses mount’, Sydney Morning Herald, 25 March, viewed 28 March 2013, Summary Bosch, a German Engineering Company, is removing its solar energy business in all worldwide locations early next year after it failed to add value to the organizations portfolio (Sydney Morning Herald 2013). Despite early efforts by management to expand their renewable energies business, most notably Bosch’s 1.1 billion euro acquisition of Ersol (Gow 2008), increases in price competition from China and Bosch’s overcapacity of solar products diminished hopes of long-term company stability (Sydney Morning Herald 2013). Despite this, interest in Bosch remains strong with share prices showing a high market capitalization (moneycontrol.com 2013). Application This article focuses primarily on the economic environment, with increasing evidence that the differences in global market economies have affected Bosch’s competitiveness in the global solar energy market. There has been increased interest from society and government for environmentally friendly and renewable fuels over the past years, and demand to continuously provide new, cheaper and endless forms (Styring, 2012). Due to this aggregate demand, Bosch invested heavily in solar operations, spending close to two billion euros since 2008 in acquisitions and manufacturing sites globally (Nicola 2013). However, with a surplus of Chinese solar panels entering the market, it has created...
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...levels of growth in urbanization and consumption in a new report, and describes the crucial role of business in the transition to sustainability. According to the report, "Business and Development: Challenges and Opportunities in a Rapidly Changing World," published this month by WBCSD, "the world is experiencing a historic shift of economic and political power from the traditional base of industrialized countries to the emerging economies." As the report points out, by 2050, three of the four largest economies -- China, India, and Brazil -- will be those of countries now described as developing. As development in those and other countries intensifies, their populations will become increasingly urban. By 2050, when the world's population is expected to be about 9 billion, 70 percent of the world's population will live in urban environments, with the great majority living in cities in developing countries. "Urbanization is happening fast," the report observes, "And most of it is being poorly managed, putting hundreds of millions of the urban poor in harm's way." As the economic emergence of developing countries continues, global consumption patterns will become increasingly critical. "Global consumption patterns and trends are putting unsustainable and increasing stress on the Earth's ecosystems, the supply of material resources needed for industrial growth, and human social systems and well-being," the report said. The role of business in addressing the problems...
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...Public Policy (Lawrence & Weber, 2011) defines corporate social responsibility (CSR) as the way a company acts that enhances society and its inhabitants and is held accountable for its actions that affect people, their communities and their environment. Many companies now track their CSR score through the use of rating organizations and customer surveys, and publish the results in their annual reports. They recognize their investors and customers want to understand how companies are taking environmentally responsible actions. Sunfun Company Sunfun (name has been changed) is a global provider of renewable energy solutions. It has two distinct lines of business. One is as a manufacturer of solar panels. The other is as an engineering, procurement and construction (EPC) company to build utility scale, ground mounted solar power generating plants. From its website (sunfun.com), its mission statement “is to create enduring value by enabling a world powered by clean, affordable solar electricity.” Its value proposition is to “offer an eco-efficient energy solution that provides more solar electricity, at a lower cost, and with the smallest environment impacts per kWh.” Environmental Considerations and Recommendations As a renewable energy company Sunfun has an obligation and financial incentive to operate in an environmentally responsible and proactive manner. Customers want to do business with companies that they believe exercise good responsibility of their resources. Investors are...
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...dividend payout ratio is low, however it can still be considered positive, as shareholder’s still receive over half of the profit and the low payout ratio suggests that Blackmore’s reinvest profit into their firm to establish higher growth rates. Ultimately, this is beneficial for both Blackmore’s and its shareholders. (c) Capital growth is the profit made from investment, and thus, to determine if buying shares in Blackmore’s would provide my entity with capital growth, profitability ratios should be considered, such as Return on Assets (ROA); which quantify the profit and operational success of the company for a given period of time. The ROA ratio measures the overall profitability with respect to investment in assets. Blackmore’s ROA of 17.57% (18 cents) indicates a high profitability rate. As investment professionals consider it a positive rate if the ROA of a company is over 5%, Blackmore’s 17.57% ROA indicates that capital growth is possible under investment of their shares. (Khanna, 2012) Additionally, Debt to Assets ratio should be considered in making this financial decision, as it indicates degree of leverage (percentage of total assets funded through debt). The company’s debt...
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...Research Paper Jared Linden SMGT 360 Introduction Why would a corporation that is in the business of making profit for its shareholders go beyond regulatory compliance? It’s nice to think that the reasons behind such actions are of good nature – perhaps even philanthropic. And while there are definitely good intentions behind such decision-making, there is also value added for the corporation. Exelon has outlined their goals to be compliant to regulations and their desire to go further. They’ve also positioned themselves as a carbon free alternative for energy by investing heavily in nuclear. However, they are also making a large financial bet by taking this stake. While they are going beyond compliance for greenhouse gas emissions, they are certainly hoping to profit from this stance as well. Greenhouse Gas Regulations Greenhouse gases from anthropogenic sources are one of the main contributors to the rapid climate change that the Earth is now experiencing. As a prominent source for carbon emissions, utilities seem to be a logical place to impose standards. Despite the dire situation, there currently are not strict regulatory concerns for utilities in the United States as far as greenhouse gas emissions are concerned. The President recently proposed a Climate Action Plan that would limit the amount of carbon emissions from new power plant sources. But the standards are for new plants and not existing ones. There have been some attempts at applying the Clean...
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...Introduction Corporate Social Responsibility (CSR) has gained an increasingly high attention in recent years. CSR can be defined as the ways in which businesses align their values and behaviors with their various stakeholders such as employees, suppliers, customers, government and other societal interests on whom their operation may have an impact. The concept of corporate social responsibility (CSR) in Dubai government and the UAE has always been present from the earliest Islamic times, with people and organizations practising Islamic values, donating through philanthropy and Shariah compliant ways of commerce. In recent years, there have been worldwide initiatives to invest responsibly and focus on investing profits into community life and saving the environment. CSR addresses a company’s transparency or openness and considering its stakeholders’ expectations. This means that business does more than act out of self-interest and shows social responsibility (Juholin, 2004). Companies cannot operate any more entirely independently and need to consider the needs of society and welfare of the community. Organizations now realize that in order to survive and stay unique in business and obtain strategic advantages, they need to practice being socially responsible. Many larger organizations have already integrated CSR into their strategic plans as an important factor in order to have a sustainable business. Although larger enterprises have more impact on society today, SMEs are...
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...Executive Summary This report investigates the Corporate Social Responsibility (CSR) practices of Infosys Ltd. – India’s second largest IT Company. The report discusses the background of the company and its current state of CSR practices. For better evaluation, the analysis is broken up into four thrust areas, namely The Infosys Foundation – which deals with various social welfare activities, Sustainable Change Programs – which deals with all levels of education, The Employee – Driven Programs – which are loose, unstructured programs run by volunteers and the Eco Group Programs – which deal primarily with reducing Infosys’ carbon footprint. The report discusses the CSR initiatives taken by the firm in each of these areas and subsequently provides an assessment for them based upon the criteria of proper implementation, measurable impact, magnitude and fit with the organization’s business. In forming the assessment, quantitative data has been taken wherever possible, for e.g. in the case of the financial viability of the CSR initiatives, the amount allocated to CSR has been compared with the annual profit figures of the organization. However, majority of the assessment is based upon qualitative data collected from third party assessment of the impact of Infosys’ CSR. The report concludes by taking an overall view of the CSR practices undertaken by Infosys in terms of again, looking at third party recognition in the form of ratings and awards that the company has achieved over its...
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... Executive Summery This paper deals with some banks & non-banking financial institutions which are performing CSR. It is the continuing 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 at large. It would be give strategic, longer run competitive advantage for banks and non-banking financial institutions in Bangladesh to embrace CSR in their management approaches and operations, with initiatives chosen in broad-based, extensive stakeholder engagement. Corporate social responsibility may help to establish clear boundaries among the different interests of the groups like shareholders, citizens, providers, and customers. In this paper, we will describe, analyze, and formalize the critical responsibility parameters, as well as the variables that shape them. Introduction The title of our term paper is “Comparative Study on the Corporate Social Responsibility Performing by Banking, Non-Banking Financial Institutions” . Globally, the notion of Corporate Social Responsibility (CSR) is fast gaining acceptance as the contribution that businesses can and should make voluntarily towards environmentally sustainable and socially equitable development. Besides the usual financial...
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...Assessment of Walmart’s Csr Issues Janette Washington Strayer University Eco 550 Dr. Hassan Aug.6, 2011 Wal-Mart, the world largest and most successful corporation, also has the unflattering reputation of being so uncaring that it now symbolizes corporate social irresponsibility in the eyes of many Americans. How did the most powerful company become admired as well as feared and despised? Using the company's marketing strategy as a basis for analysis, the current study argues that Wal-Mart's problems with its own employees are not just perceptual but fundamentally due to the company's targeting and positioning choice: the delivery of always low prices to customers has meant that such stakeholder groups as employees have had to be squeezed. In 1962, Sam Walton created Wal-Mart, a “superstore” geared toward giving the customer a superior experience mixed with the best prices around. Walton used his years in the logistics management in the United States military to find the best prices, standardize and streamlined supply chain management and pioneer his one-stop-shop. Soon his superstore that is headquartered in Arkansas was also located in countries such as China, Argentina, Brazil, Mexico, Japan and Chile. Wal-Mart’s mission is to provide customers with quality products at affordable prices. The company strives to provide satisfactory customer service and excellence in all it takes part in. Corporate Social Responsibility Issues for the Retail Industry The...
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...CSR practices: An Accor Hotel Group and Colgate-Palmolive Company review Student name: Lior David ZOLDAN YAHALOMI Student number: 302413 Class: G2 CSR practices: An Accor Hotel Group and Colgate-Palmolive Company review Student name: Lior David ZOLDAN YAHALOMI Student number: 302413 Class: G2 Statement of authorship I certify that this dissertation is my own work and contains no material, which has been accepted for the award of any degree or diploma in any institute, college or university. Moreover, to the best of my knowledge and belief, it contains no material previously published or written by another person, except where due reference is made in the text of the dissertation. Signed _________________________________________________ Date ___________________________________________________ Table of content 1. INTRODUCTION 3 2. CSR 4 2.1. Definition 4 3. History of the selected businesses 5 3.1. Accor Hotel Group 5 3.2. Colgate – Palmolive Company 5 4. CSR Practices 6 4.1. Accor Hotel Group 6 4.2. Colgate – Palmolive Company 7 5. Discussion 9 5.1. Accor Hotel Group 9 5.2. Colgate – Palmolive Company 12 6. Conclusion 15 7. REFERENCE LIST 16 INTRODUCTION Corporate social responsibility (CSR) is a management initiative in which companies incorporate environmental and social issues into the relationships with stakeholders and also in their business processes. By implementing CSR practices, a...
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...Date Marketing Report Contents 1 Executive summary 2 2.1 HCA mission, values and vision 4 2.2Marketing Report Objective 5 3. Phase 1- Industry and client partner overview 6 4. Phase 2 – Key ethical and social responsibility issues and challenges in the relevant industry sector, and for the client partner 9 5. Phase 3 - Analysis of existing ethical and social responsibility policy and practice of the client partner 11 1. Recognize 12 2. Identify, prioritize and act 12 3. Review and improve 13 6. Phase 4- Strategic recommendations for future ethics, and social responsibility policy and practice 14 6.2Recommendation for future social responsibility 14 6.3Recommendation for future Ethics 16 6.4Strengths, weaknesses, and impacts of the projects 17 6.5Alignment of the Global Policy 18 References 18 Appendices 19 Appendix1 19 Appendix2 19 1 Executive summary Hitachi was founded in 1910 as a repair shop for machines in Hitachi city, Kuhara Mining Company in Japan by Namiel Odaira. It’s founding spirit was “Harmony”, “Sincerity and the “pioneering spirit”. (Hitachi Plant Technologies Ltd, Japan 89) Namiel wanted to contribute to society through the development of original, superior technology and quality products. (Hitachi Plant Technologies Ltd Japan 20) Hitachi is articulating its desire to address key worldwide challenges through Social Innovation Business with their slogan “Social Innovation- It’s our future”. Hitachi as a global company operates in a number...
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...Social Responsibility There is a law in the United States of Separation between church and state government, but some things should not be separate. We should all pull together to help make our environment healthy and the people in this environment healthy and financially stable. Many churches have been known throughout the years for promoting Corporate Social Responsibility (CSR) by giving out a helping hand to those that are in need and speaking out of injustice. Now that the economy is in a terrible condition, companies and everyone have to promote CSR wherever they can. I am convinced that there is no need for traditional CSR where the main focus was only on the bottom line or company accountings. I believe that traditional CSR should be enhanced. Let’s look at how some companies promote CSR. Regarding promoting CSR, Ford (2012) reports that businesses in the Western country operate in a manner that benefits neighbors’ customers, staff and their environment with the concepts of CSR. He discussed two cases that have launched strategies in CSR. The first case is Panasonic. Panasonic is a Japanese company that promotes human rights and protection of the environment. This firm has a requirement that their suppliers must meet what they call a clean procurement policy and fair business embedding which calls for the supplier to supply safety and quality. The suppliers also must implement the Green procurement which is conserving the environment, and managing it. Another aspect is...
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...amount of capital. its dedication to innovation and embracing new technologies. – eg, them being the first logistic company to embrace the www as a tool to reach out to customers {attitude}. Like their wireless solution for faster shipping time, allowing customers to track their packages while travelling etc. Plus supply chain management and tracking capabilities. TARGET: GREEN INDUSTRY Solar+ biodiesel = substitutes for fossil burning Why green energy industry? In this presentation we will be focusing on 2 alternatives. Solar and bio-diesel. In support to the relevance of green energy, according to Eye For Transport, surveying 250 north American supply chain executives. The green transportation &logistics report revealed financial(ROI) and public relations are the driving force. 75% of a company‟s carbon print come from logistic and transportation. 6% respondents designate green issues as unimportant While 69% agree that green issues are important to their transport and logistics processes 9% find it as their No.1 priority. Total of 78% find relevance towards green transportation and logistics. Now. It is found greening their T&L process is fundamentally a co-operative process, with majority of successful green initiatives being based on changing relationship with suppliers, and logistic providers. 28% report that they plan to partner or are in partner with a logistic provider to help them green their process. This ...
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...Report On Green Management perspective In Bangladesh SOUTH EAST UNIVERSITY Submitted To Farzana Ferdoushi Faculty, School of Business of SEU Submitted By Mohammad Azmir hossain ID: 2010010000004 Department: B.B.A. Date of Submission March 8, 2014 Introduction Bangladesh is a country suffering from immense social, political, economic and environmental issues and these issues need to be addressed for the overall development of this country. However, we all know that the peoples of the whole world are concerned about the environmental degradation, especially the rising of global temperature and thereby melting of glaciers and ice-berg in the polar region and consequently rising of sea level, which will directly affect the low lying countries of the world like Bangladesh. The world conscious people are also concerned about the increase of Green House Gases and Chlorofluorocarbons (CFCs) and thereby depletion of Ozone layer. As such, every person and especially the professionals must have greater role to check the environmental degradation. The contribution of the banking sector is playing significant role to save the environment through their CSR, investment or other activities. To save the environment, Green Management is the great initiative which is taken by bank all over the world. The word „Green Banking‟ is very common concept in the world. Global warming is a great issue in protection...
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