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Corporate Social Responsibility

Advantages and Disadvatages


on 7 April 2013

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Transcript of Corporate Social Responsibility

Corporate Social Responsibility What is Corporate Social Responsibility? when companies try to make decisions and take actions that are ethically correct, follow the law, and have a positive impact on society and the environment
take responsibility for how their actions affect their customers, employees and communities a BUSINESS that is not very responsible for its impacts on society and the planet PUBLIC has to suffer What are some advantages and disadvantages of CSR? How can businesses contribute to society and the planet? ENVIRONMENT reduce, reuse, recycle
reduce carbon footprint
invest in more eco-friendly packaging
reduce energy consumption COMMUNITY donate to charities and support community events
treat employees with care (workplace safety)
work with other organizations to work and resolve issues such as world hunger, poverty, AIDS, etc. BUSINESS PERSPECTIVE ENVIRONMENTAL
makes the business look ethical and kind
helps consumers relate to the cause and possibly consider shopping at the store
good reputation THE PROBLEM Sometimes, large corporations purposely pollute the environment knowing that they are breaking the law. Some businesses make unethical decisions to save money and make profit. The Actions of Companies Have a Big Impact on the Environment Large companies produce: Polluted water causes the acidity of the water to rise which results in a decline in the population of many species Should Businesses Invest in Corporate Social Responsibility? a lot of waste
use a lot of water
have a high energy consumption
have a large carbon footprint costly
loss of focus
shareholder expectations helps the environment
shows the company practices sustainability
leads other companies if they do not practice CSR environment suffers
pollutes lakes and ecosystems
species are effected
balance is disrupted Anthropogenic Greenhouse Effect Natural Greenhouse Effect Activities include:
burning of fossil fuels
cows trapping of gases: natural greenhouse effect
natural processes release CO2
the environment balances the amount of CO2 released in the environment and stored
how much goes in=how much goes out Examples:
carbon sinks
water vapour
water cycle
photosynthesis Vectors and Climate Change if companies contribute to AGE, temperatures continue to rise
this has an effect on vectors and diseases
disease transmission increase due to increase in vector population Example: Schistosomiasis
Vector: Freshwater Snail
Habitat: Oceans (Water) if companies practice CSR, both businesses and the environment will benefit
if not, the environment is negatively impacted with pollution

CSR efforts help employees and communities
without CSR, companies focus more on themselves A Presentation by Kiranpreet Kaur Thank You! IN SUMMARY human activities increase amount of CO2 in the air
global temperature increases and CO2 increases -> causes global temperatures to rise
-> also impacts plants and animals
-> diseases will be transmitted more often Would you drink that? That's the same water you cook, drink and bathe in everyday! Imagine living in that! Businesses should invest in Corporate Social Responsibility because this helps them build a strong reputation in the industry while allowing them to increase the potential of the business with a growing profit. Business Ethical Debate These actions make companies look more virtuous, morally correct, respectable and responsible than other businesses in that industry. Thus, making consumers want to spend money at that company. Marketing events and programs such as these can support a business in increasing its market share and ultimately increasing its profit. The BP oil spill in 2010 was one of the biggest environmental disasters known to man. This disaster impacted numerous species as well as aquatic life in the Gulf of Mexico. This disaster occurred when a pipeline exploded and over 4 billion barrels of oil gushed into the Atlantic Ocean. Many people believe that this catastrophe may have been prevented if BP took proper precautions in the first place. This event caused a lot of outrage in the public as protests were held. The BP Oil Spill Some principles of CSR consist of providing a safe and healthy work environment for employees, protecting the environment, being truthful in advertising and giving back to communities, all while trying to make a positive impact on the environment. When certain brands and companies give back to communities through charitable fundraising, donations or fund for a specific cause, companies tend to gain the attention of customers as they may share the same values or believe in the same cause. Actions such as giving back to communities may show consumers that companies have high regard for their customers and are also willing to help the environment. From a business perspective, these principles are very important as they help companies build and maintain a good and well-regarded reputation in the industry, in their community, amongst consumers and even employees. Many people believe that BP is only cleaning up and taking environmental actions because it has to, not because it wants to. Maybe if BP invested in environmental programs or helped to fund for charities or certain causes, it may have not had to pay the way it did after this disaster. This may have protected the company against the $4.5 billion dollar fine from the US government as well. Although BP is still trying to clean up after their mess and work with the after affects of the spill, the oil spill gave the company a bad reputation. This is a good example which proves that investing in CSR helps companies maintain a strong reputation amongst other companies and competitors but also, it helps businesses maintain a strong reputation amongst consumers. By cutting back on these expenses, businesses could spend their money on other parts of business where it really matters such as research and development, marketing and distribution, or maybe setting up other locations to expand their business nationally or even internationally. Consequently, CSR helps businesses cut on their costs and maximize profits. Furthermore, Corporate Social Responsibility can help a business thrive by reducing its expenses. By becoming more environmentally friendly, a business can reduce its manufacturing expenses. If a business decides to take an environmental approach to doing things, it can reuse materials or use more energy efficient appliances and machinery. For example, if a coffee shop decided to sell coffee in reusable mugs, then they would cut back expenses such as buying new plastic cups. This business could seek additional changes to be more responsible and eco-friendly and could upgrade to an energy efficient oven, fridge, microwave, dishwasher and other machinery to help them cut back on bills and other costs. As economist Milton Friedman once said, “The social responsibility of business is to increase its profits.” So why not do it an ethical manner, by respecting the environment, communities and consumers as well? As a result, businesses should invest in Corporate Social Responsibility as this may lead to a strong reputation amongst consumers, employees as well as competitors and CSR also allows businesses to boost their profit.
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