Given our company's recent interest in a adopting a new CSR program, we are pleased to submit this proposal for the following three programs. We’ll take a look at programs that include volunteer work, philanthropic opportunities, and a more sustainable product. In order for us to choose the best programs we have developed a structured criteria so that all of the programs can be evaluated fairly.
Intro to CSR
Corporate social responsibility (CSR) is a way for companies to give back to society. There are many ways companies can implement CSR; for example, doing volunteer work, environmental sustainability initiatives, or charitable donations. When companies take on certain programs to help the community it can be a financial cost, but the
…show more content…
This organization provides help and supplies to those who have been affected by natural disasters, not just in the United States, but all over the globe. The Red Cross is present in nearly 200 countries around the globe and they have over 17 million volunteers worldwide. As a company we would give customers shopping in our stores the option to round up their change as well as an option to donate as much as they wanted. Many companies in our industry already have similar programs set up and without one we would be behind. This poor image could negatively impact our sales from millennials and other generations too, because as a whole people are becoming more forward …show more content…
Making clothing out of recyclable material will make our environmental footprint smaller as a company. This option will create the biggest impact especially for increasing our companies popularity, with the increasing need and want for environmentally conscious clothing. Also this option will help reduce waste and reduce resource consumption levels. If this option proves to not be satisfactory our second choice would be the American Red Cross Program. We would be able to deliver a good portion of money for them. This wouldn’t cost us anything and gives the company a good image as well. The last option to consider is the volunteer initiative. This option gets our employees to volunteer in our name and allow us to get our company added local community benefits. This option would cost us a lot of money and although it helps our employees in health benefits, they can be doing this on their own time if it is really something they feel the need or want to
Corporate social responsibility (CSR) is a broad term used to describe a company's efforts to improve society in some way. These efforts can range from donating money to non-profits to implementing environmentally-friendly policies in the workplace. CSR is important for companies, non-profits, and employees alike.
The scale and nature of the benefits of CSR for an organization can vary depending on the nature of the enterprise, and are difficult to quantify, though there is a large body of literature exhorting business to
Corporate social responsibility (CSR) refers to business practices involving initiatives that benefit society (2). CSR may also be referred to as "corporate citizenship" and can involve incurring short-term cost that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change(1).
Once the company have agree on the idea of CSR program, the company should do it in way that make connection between what a company can do for society, and how it will affect its business. When a company like Coca-Cola, for example, contributes $88 million annually in different CSR programs or when Microsoft donates almost $300 million annually to nongovernmental organizations around the world there have to be some good explanation on why they do this and how it help the company image and position in the world. Nike in the other had they realize after getting burned by bad publicity because of attack of negative press and large-scale protests from those who claimed its contract employees were paid low wages and working in dangerous conditions in overseas factories. They have to invest time and energy into their CSR programs to reduce the negative environmental impact.
Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.
Corporate social responsibility (CSR) is the ethical behaviour of a company towards society it operates in. It is a commitment to the concern to the society’s sustainability & development.
Corporate social responsibility (CSR) is a term used to describe a company’s efforts to improve society in a certain way. These efforts range from donating money to an organization such as a nonprofit organization, to implementing environmentally friendly policies in the workplace. This idea is not required for companies; instead it is something that companies do to improve their communities. The way companies practice CSR is different from company to company, and some companies may not even practice it at all.
My analysis is that is in order to solve these social problems, the environment will need to be cleaner. Our organization would benefit by contributing to assist in correcting these issues. The company can use ethical decision making to secure the organization environmental responsibility. Decisions that would allow for government agencies to get involved with the organization. For instance if a company is proactive and follows the United States Environmental Protection Agency guidelines for emissions on dangerous pollutants and even goes an extra step to get involved in the community and address those concerns that the public might have; they would be less likely to have the EPA investigate them for environmental concerns.(Corporate social responsibility, 2009).
In the broadest sense, CSR can be considered, “corporative initiative to assess and take responsibility 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” (Anonymous, 2014). Another interesting fact that Investopedia included in their definition, that “CSR 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”(Anonymous, 2014). However you want to determine the definition of CSR for yourself, it is a step that many businesses have incorporated into their current vision statements, and it has almost become a necessity into today’s
CSR involves the company acting in a responsible manner. There is saying by Lord Holme and Richard Watts that states, “Corporate Social Responsibility 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.” There are many positive effects or benefits a company can receive if they perform CSR activities. Some of these effects include increased morale, commitment, and a better reputation. Companies may also receive some sort of financial benefit depending on their sales to consumers, who strongly value the Corporate Social Responsibility contributions. Although we know what Corporate Social Responsibility is, how exactly do we determine if the company is socially responsible? Well, ask yourself, “Is if good for the people? Is it good for the environment? Is it good for the business? These are all questions you should ask yourself in order to determine whether the company is socially responsible or
Corporate Social Responsibility (CSR) describes programs adopted by a company in addition to their profit-making ventures. These programs are specifically intended to integrate environmental and social concerns into regular business operations. More than just charity, they act as the “conscience” of the company and balance the social and environmental actions of the company with the desires of the shareholders. (“What is CSR?,” 2015) As a multinational corporation valued at billions of dollars, Bank of America has a large impact on its employees and surrounding communities.
Corporate social responsibility (CSR) 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.
CSR Stands for: The Corporate Social Responsibility means that any company has the responsibility toward the community such as any social organization, more you work on CSR the more you will build trust and sustainable relationship with people.
CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions, balancing the needs of stakeholder with their need to make profit.
Corporate social responsibility (CSR) has not been around for a long time and it started to gain some movement in the second half of the 20th century (Barnett, n.d.). CSR started out from the 1960’s & 1970’s social activism movements concerning preserving the world for future generations. In 1991, Dr. Archie B. Carroll, a business management author and professor, defined corporate responsibility by using a pyramid shaped diagram. The 4 responsibilities of a business, from the bottom of the pyramid to the top, are economical, legal, ethical and philanthropic. The economic level is foundation of the pyramid and deals with maximizing shareholder earnings, staying