StudentShare solutions
Triangle menu

Social responsibility - Essay Example

Extract of sample
Social responsibility

Advocates of CSR have increasingly defined it in terms of human rights, ethics, closures of plants, relations with employees and the environment. A more comprehensive definition of CSR and sustainability encompasses all three foundations of sustainability, including the people, economy and the environment. If only the social and environmental development is taking place that is referred to as “bearable” (Chick & Micklethwaite, 2011). If only the social and economic development is taking place, that is referred to as “equitable”, whereas, if only the environmental and economic development takes places, that is referred to as “viable” (Chick & Micklethwaite, 2011). CSR is achieved only when all three dimensions develop simultaneously; that is, it is bearable, equitable and viable (Chick & Micklethwaite, 2011). ASDA, which is a subsidiary of Wal-Mart, has been labelled eco-friendly and environmentally responsible (Webcollage Inc., 2012). It has divided its sustainability initiatives into two: those that aim at sustainable supply of products and those that aim at reduction of carbon footprint along with waste. ASDA’s new mantra is that any kind of waste is necessarily bad and must be done away with (Chartered Institute of Management Accountants, 2009). The company initiated its sustainability program which entailed a series of changes in the company’s policies. In order to be labelled as eco-friendly the company has vowed to use Compact Fluorescent Light Bulbs only throughout its shopping centre which is estimated to save millions of kg worth of carbon release per year, on average (Brown, 2005). Furthermore, as per its “zero waste to landfill” initiative the company has introduced the practice of sending unsold food for being reprocessed into bio fuel or pet food (Murphy, 2006). The company embarked on its mission to acquire 100% of its palm oil from green sources and has already managed to obtain 80% of this from sustainable sources (Wal-Mart Inc.). As far as its products are concerned, the company has decided to collaborate with Wal-Mart in order to reduce the usage of water in ASDA’s products by end of 2015 in line with the target of 20% reduction set in 2011 (Wal-Mart Inc.). Furthermore, it has vowed to use only legal timber and wood pulp in products, licenses by the authorities by 2015 (Wal-Mart Inc.). The carbon impact of products’ packaging shall also be reduced significantly which means working with ‘green’ and socially ethical supply chain partners. At the heart of the above mentioned efforts are consumers who are liberally embracing the idea of CSR and are encouraging retailers to incorporate more and more of socially responsible initiatives into their operations; however, retailers vary in their ability and willingness to offer the same to consumers. Some retailers prefer opting for the “bare minimum” amount of sustainable options, whereas, others prefer creating an awareness of sustainability and CSR amongst customers by imparting greater information on the same and encourage consumers to make their own responsible choices. Companies that offer the bare-minimum are usually practicing CSR in order to comply with regulatory and legal requirements or seek legitimacy. Legitimacy is ...Show more

Summary

Corporate Social Responsibility Customer inserts his/her name Institution’s name By virtue of free trade and open economies, economic progress has been seen as a tool of poverty elimination and ensuring security for generations to come. However, there remains the challenge of ensuring that this progress remains equal across all sectors and nations and that the well-being of the environment is not being harmed…
Author : krajcikconner
Social responsibility essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Social responsibility"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Social Responsibility in Business
Social responsibility also refers to a company’s obligation to maximize its positive impact while minimizing its negative impact on the society (William & Ferrel, 2011, p. 94). The International Institute of Sustainable Development explains that social responsibility is a term without a single authoritative definition.
3 pages (750 words) Essay
Social responsibility of business
Citing John Mackey views, enlightened corporations have the duty to generate value for all their other constituents. A business has a social responsibility to its shareholders to make profits but also has a duty to its stakeholders including customers, employees, suppliers, and the community in which it operates.
4 pages (1000 words) Essay
Social Responsibility
This historically unprecedented development has led to new ethical quandaries, especially addressed toward the business corporations that actively perpetrate such values and lifestyles that favour their bottom lines. Large departmental stores, also called supermarkets, have replaced the traditional retail outlets such as family owned shops around the corner.
6 pages (1500 words) Essay
Corporate Social Responsibility Essay
Corporate social responsibility came up as the process whereby corporate, firms, business or even the government come up with policies which are beneficial to the stakeholders regardless to the activity of the organization in question. It came out very clearly that any organization has several stakeholders, which include customers in that the customers buy goods and services from the firm.
8 pages (2000 words) Essay
Social Responsibility
Being responsive to the needs of individuals, organizations and governments produce a positive impact on business and society.  In today’s competitive landscape, social responsibility is a very important strategy for survival, and one way of long term viability of the business. 
3 pages (750 words) Essay
Introduction to Businsse
This paper focuses on the importance of social responsibility in business or organization growth. The organizations must be more socially responsible by reacting positively to needs of stakeholders
1 pages (250 words) Essay
Social Responsibility
The extent to which firms or enterprises address social issues and/or concerns constitutes social responsibility relative to the operations undertaken in the organizational or business setting. In other words, social responsibility is the concern and
1 pages (250 words) Essay
Social responsibility
According to Theodore Levitt, the social responsibilities and welfare do not form part of the interests of a particular corporate system. With this in mind, it is important to bring into attention the fact that businesses must collide
5 pages (1250 words) Essay
Social Responsibility
It does not only employ to the organizations alone, but to any individual within the environment of economic development. This paper outlines the importance of social responsibility to the company
2 pages (500 words) Essay
Social Responsibility
Why or why not? I believe that Smith is saying that doing business is not the same as doing charity, but I think he means to say too that it is possible
1 pages (250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment