https://padlet.com/kelly_muller1/1wts6jtxrnct3rb2 Expansion en-us 2020-07-30 14:13:33 UTC 2020-08-03 11:44:39 UTC hello@padlet.com kelly_muller1 https://padlet.com/kelly_muller1/1wts6jtxrnct3rb2/wish/665870687 Corporate social responsibility (CSR) has become something of a buzz phrase in recent years. There have been many arguments regarding whether CSR can actually help companies to improve their reputation and improve profit margins, if it costs businesses money and whether businesses are doing it to genuinely help the environment and society, or if it is solely a marketing technique.

Despite the arguments, many companies have found that CSR does help them – it improves their reputation, attracts better employees and saves them money. While all businesses must operate within the law (e.g. health and safety standards, human rights laws, emissions guidelines) many are now becoming proactive and going above and beyond what the law requires.

When correctly employed, CSR should create value for all stakeholders (e.g. anyone who has a direct or indirect interest in a company) in a business, not just shareholders this is how Inter Global Retail can use it in its expansion.]]> 2020-07-30 14:25:31 UTC https://padlet.com/kelly_muller1/1wts6jtxrnct3rb2/wish/665870687 40092899 https://padlet.com/kelly_muller1/1wts6jtxrnct3rb2/wish/665870716 It has become more popular and more of a trend to be sustainable so brands are trying to match that to meet the needs of consumers who want that so it can be seen as a marketing tool.
You will find some brands that actually care and will have conscious capitalism so it depends on the brand.]]> 2020-07-30 14:25:33 UTC https://padlet.com/kelly_muller1/1wts6jtxrnct3rb2/wish/665870716 40092899 https://padlet.com/kelly_muller1/1wts6jtxrnct3rb2/wish/665872553 Environmental policies brands implement include the reduction of carbon emissions, greener supply-chains and energy- and water-efficiency strategies. On the social side, brands implement targets for diversity and equal-opportunities, better work-life balance for employee, and improving health and safety. For example, for InterGlobal Retail UK, I've chosen to create a new manufacturer in Mexico to not only decrease import costs but also decrease the use of carbon emissions from shipping from China, to UK, to USA.]]> 2020-07-30 14:27:41 UTC https://padlet.com/kelly_muller1/1wts6jtxrnct3rb2/wish/665872553 kelly_muller1 https://padlet.com/kelly_muller1/1wts6jtxrnct3rb2/wish/665877074 There are many different forms of CSR, both social and environmental. These can include reducing waste, recycling, community projects, changing working methods and monetary donations. Some of the main CSR activities currently undertaken are listed.

• Using fair trade goods to create products, or selling fair trade goods
• Ensuring that no animal testing takes place anywhere in your supply chain
• Removing harmful chemicals from the production process, or decreasing emissions
• If purchasing from abroad, ensuring that all factories pay a living wage to employees, that health and safety standards are up to the same standard we would expect in the UK and that no human rights violations are made by other companies in the supply chain
• Using less energy and / or fuel
• Using organic materials in production
• Recycling office waste, and ensuring recycled materials are used in production or packaging
• Taking part in community projects or making donations to charities and organisations
• Ensuring diversity and equality in the workforce
• Ensuring employees have a healthy work/life balance

]]> 2020-07-30 14:32:49 UTC https://padlet.com/kelly_muller1/1wts6jtxrnct3rb2/wish/665877074 kelly_muller1 https://padlet.com/kelly_muller1/1wts6jtxrnct3rb2/wish/665879594 Another reason for including CSR activities is product differentiation. This allows businesses a unique selling point over their competitors. An example would be the Body Shop. The Body Shop was the first cosmetics company of its kind in the UK, using all natural ingredients in its products. The company was from its inception heavily involved in social and environmental awareness campaigns.]]> 2020-07-30 14:35:56 UTC https://padlet.com/kelly_muller1/1wts6jtxrnct3rb2/wish/665879594