CSR Debate Wall by

Instructions

tutortok1 — 2024-08-16 08:15:39 UTC

Welcome to our CSR Debate Wall! Please follow the instructions below to complete the activity. If you have any questions, please ask your teacher for help. • Create a post sharing your view on the importance of corporate social responsibility. • Support your opinion with an example of a company that is either excelling in CSR or failing to meet societal expectations. • Add an image or link related to your chosen company's CSR practices. • Comment on at least two other posts to engage in discussion with your classmates. • Like posts that you find particularly insightful or well-argued.

Piper Alpha Disaster

2024-08-26 01:57:14 UTC

The oil company that owned the Piper Alpha platform failed dramatically with their CSR obligations because they put profit ahead of peoples safety. This resulted in one of the worst disasters in the oil industry and the loss of 167 lives. This disaster could have been avoided if the company had better management procedures in place to ensure the safe working environment on the platform.

CSR can help improve society and promote a positive brand image for companies. Also reduce costs by promoting sustainability practices such as energy efficiency and waste reduction

2024-08-26 02:11:53 UTC

They stated that " We have put peak carbon behind us and aim to halve greenhouse gas emissions by 2030 "

2024-08-26 02:14:22 UTC

Companies have a moral obligation to act ethically and contribute to the well-being of society. This includes fair labor practices, ethical sourcing, and ensuring their operations do not harm the environment. CSR promotes sustainable development by encouraging businesses to adopt practices that protect the environment and conserve resources for future generations. Engaging in CSR can enhance a company’s reputation and build trust with consumers, employees, and other stakeholders. This can lead to increased customer loyalty and employee satisfaction. The company uses recycled materials in its products and encourages customers to repair and reuse their gear instead of buying new items.

Volkswagen

2024-08-26 02:15:05 UTC

CSR is important for companies to show that they care more than just about profit. This further reinforces trust with customers, employees, and the community.

This often also results in better, safer, and more environmentally friendly practices that benefit the business's social aspects.

A company like Volkswagen was involved in a scandal where they cheated on emissions tests. They claimed their cars were environmentally friendly, but they were actually polluting more than they said. This hurt the environment and damaged their reputation, showing that pretending to be responsible without actually doing good can backfire.

2024-08-26 02:19:03 UTC

CSR - corporate social responsibility - is the consideration of business regarding environmental and social benefits in their operations. CSR is significant since it ensures the benefits of all stakeholders rather than just shareholders and owners of the business. To be specific, CSR will encourage companies to operate more ethically. For example, Apple has taken into account benefits of the environment. Particularly, they has been carbon neutral (carbon emitted = carbon absorbed) since 2020, and they are aiming to make all their products using green cycling and chemistry instead of natural resources extraction. This will ensure that the nearby community will not have to suffer from the consequences of carbon emissions.

Link: https://www.apple.com/newsroom/2023/09/apple-unveils-its-first-carbon-neutral-products/

Apple

2024-08-26 02:19:46 UTC

I think that each company has to at least be responsible to their consumers. This can mainly be achieved by not doing these activities:

Marketing that intentionally misinform or mislead consumers
Certain practices that maximizes profit by compromising the customer experience
As well as an over-assertion of monopoly to reduce choices for consumers

Apple is well known for doing all three of these

2024-08-26 02:29:40 UTC

The benefits of a business attempting to meet the needs of the community are:

- improving the public image of the business, making it more attractive to investors and socially aware consumers

- increasing the chance that the community will accept business decisions such as expansion or relocation

- reducing the risk of negative action being taken against the business by pressure groups.

Lego is the first, and only, toy company to be named a World Wildlife Fund Climate Savers Partner, marking its pledge to reduce its carbon impact. By 2030, the toymaker plans to use environmentally friendly materials to produce all of its core products and packaging—and it’s already taken key steps to achieve that goal.

Lego

2024-08-26 02:32:26 UTC

The benefits of a business attempting to meet the needs of the community are:

- improving the public image of the business, making it more attractive to investors and socially aware consumers

- increasing the chance that the community will accept business decisions such as expansion or relocation

- increasing the chance that the business will receive government grants and subsidies

- reducing the risk of negative action being taken against the business by pressure groups.

2024-08-27 03:04:33 UTC

CSR is important, especially nowadays, as consumers are demand more from brands, include their sense of responsibilities toward society.

Brand reputation and image are being enhanced through CSR. By adopting green practices, firms are encouraging sustainability and help protect the environments. Moreover, CSR allows businesses to create a positive impact on society by engaging in philanthropic activities, .... CSR also promotes ethical practices in business operations. It includes adhering to ethical standards, fair labor practices, responsible marketing, and avoiding unethical practices such as bribery and corruption.

To make it easier to visualise, Japanese black companies are companies that do not follow labor laws. That means they tend to have poor working conditions and an unhealthy work culture — and they should be avoided.

These companies are known to take advantage of their employees, often leading to employees having no work-life balance or in extreme cases, even death because of work stress.

Johnson&Johnson

2024-08-27 03:12:03 UTC

Importance of CSR:

good publicity gains sales and increase revenue
customers are more socially aware
reducing the risk of negative action being taken against the business by pressure groups.

J&J: excelling in CSR

driving equity in healthcare

supporting local volunteer and outreach efforts

increasing access to care through charity partners

--> attract well-qualified employees

--> higher revenue and profits