Corporate Social Responsibility Introduction Corporate social responsibility CSR is a concept which is also known as corporate citizenship, corporate conscience or in a simple way a responsible business. It is an integrated concept of self-regulatory business model for any organisation. Corporate Social Responsibility has been in practice for more than fifty years now, which has been adopted not only by domestic companies but also by transnational company with voluntary CSR initiatives.
Although they all stand for similar meanings connecting to taking responsibilities of the society as a business individual, its definition has been getting broader from a established point of view, corporate social responsibility is a type of business instruction included in a business demonstration.
CSR policy functions as a self-regulatory. Corporate social responsibility CSR , has been the centre of debate since the last decade, with the increase in technology and globalization, company policies have come under a lot of scrutiny. Although this issue is not relatively new but with the hype of increasing media coverage and in the wake of high profile corporate scandals Enron, WorldCom the emphasis has mounted Huczynski and Buchanan, Organizations play a vital and ever so increasing role in the lives of people, other organizations.
Social responsibility has become a primal interest to the humankind for the past two decades. In the earlier days, the firms and organizations concentrated only on the financial part of the business and ignored the ethical, social and moral sectors. But in the recent times, the businesses are getting a grip of the significance of the social, ecological and environmental effects on their success. This has resulted in the emerging interactions between organizations and social segments thus giving rise.
Corporate social responsibility has become a buzzword within the industry in the last few years. Following the financial market crash investors and stakeholders began looking at corporations to act more socially responsible.
The meaning of social responsibility differs across regions. Western countries are the ones who are pushing for corporate social responsibility -thesis-- A broad overview at corporate social responsibility CSR looks to corporations to make a change in the society or the environment. Corporate Social Responsibility CSR is a public accepted standard for referencing the daily operation of a business which emphasises sustainability.
It is not about how a business spends their money, it is about the way it makes profit. Haynes K. These responsibilities are achieved when the firm adapts all of its practices to ensure that it operates in ways that meet, or exceed, the ethical, legal, commercial and public expectations that society has of business.
Objectives often associated with CSR include a responsibility to manage natural assets sustainably and not to pollute by chemical discharge, smell, noise, dust or other irritants; fair treatment of employees and ethical attitude towards clients. The other people include employees, customers, suppliers, …show more content… Positive CSR experiences build confidence and goodwill with stakeholders. Some companies may implement CSR-type values without a clearly defined team or programme.
The business case for CSR within a company will likely rest on one or more of these arguments:. A CSR programme can be seen as an aid to recruitment and, particularly within the competitive graduate student market. CSR can also help to improve the perception of a company among its staff, particularly when staff can become involved through payroll giving, fundraising activities or community volunteering.
In crowded marketplaces companies strive for a unique selling proposition which can separate them from the competition in the minds of consumers. CSR can play a role in building customer loyalty based on distinctive ethical values.
Business service organizations can benefit too from building a reputation for integrity and best practice. So businesses should be more responsible for their environment. Government restriction, tariffs, globalization, environmentally sensitive areas and exploitation are problems that are costing millions of dollars for organization.
The corporate site also provides the so-called investor kit, which contains our latest annual report, our 3 most recent press releases and a recent news article and is available via mail upon request though a fill-in blanks form display. The company emphasizes it protects the Public, Employees and the Environment via the Environmental, Health and Safety EHS program and provides the Sustainability report, which has sections covering almost all specific operational issues and the ways of overcoming these problems.
Kinder Morgan addresses the Community, society and nation-state and the employees through the Environment and Safety section, and partly via the Public Awareness initiative. The company also attracts the attention of the society through the Kinder Morgan foundation, which funds non-profit programs that provide youth with education, arts and cultural opportunities.
The suppliers and distributors communication is performed via the Work with KM section, which offers mutually beneficial conditions of the cooperation and other requirements to comply with e. To do this, record the highest given officer pay and compare it to net income found under Key Statistics at Yahoo Finance is Mr. Jeffrey R. Kinder Morgan deals with corporate governance issues via the Ethics Hotline — a confidential way to seek assistance and report potential violations regarding ethics and compliance issues.
They also file as an exhibit the Sarbanes-Oxley Act Section certifications regarding the quality of their public disclosure to the annual report. The idea of the program is the reduction of the likelihood and potential impact of pipeline emergencies and releases though the public awareness. This program applies to local distribution companies, intrastate and interstate natural gas transmission pipelines and Jurisdictional Gathering and intrastate and interstate hazardous liquid pipelines.
There also are all sorts of tips and explanations including the situation description, Emergency Action Procedures for Emergency Responders, Recognizing and Responding to Pipeline Emergencies, Signs of a pipeline release, what to do and what not to do If you suspect a pipeline leak has occurred, and much more. The company addresses all kinds of potential contributors to the safety issues: affected public, the public and emergency officials, excavators, etc. The site also offers all kinds of informative brochures to extend the knowledge and understanding of potentially hazardous issues.
Every Kinder Morgan pipeline follows a Pipeline Integrity Management Program to ensure the optimal safety and operation of the pipeline through regular testing and inspection. These control centers with duplicate backup systems have the capability to close valves remotely in the unlikely event of a pipeline emergency and continuously monitor the system pressures, flows and customer deliveries.
The company provides the vision in terms of social responsibility in full integrity via all means of communication and via different message — core values, vision, business ethics statement, etc. The extent to which Kinder Morgan cares for the society in general and for its employees, stockholders and management is the characteristic that makes this company stand out on the business arena.
Other areas of logistics that they need are transportation and distribution of the items that they have collected from the campaigns. These help to spread philanthropic messages that charitable organizations like the Ritz Carlton wish to convey. The Ritz Carlton hotel group realizes that hunger is a major problem today.
It works towards ensuring that it provides food security for the needy in the society. In fact, most charitable organizations towards achieving just that: food security. The Ritz Carlton is not just one of the many organizations that take corporate social responsibility seriously.
Today, there are lots of talks about corporate social responsibility. It is all over the media these days and no organization wants to be left out. Social responsibility is a prerogative of each and every organization worth their salt. The Ritz Carlton is not only talking about it; it is actually doing it. Corporate social responsibility is not about the first one to start. It is about who has already started it.
The Ritz Carlton has rolled up a number of corporate social responsibilities that are aimed towards helping the needy in the society. The Ritz Carlton only last year engineered fund raising for a group of women who had cancer. Through the initiative, they raised enough money to take some women to the hospital to seek medical treatment. This office would help them carry out their day to day activities. There are so many ways to do some good to the society.
This is what is commonly referred to as giving back to the society, and the Ritz Carlton has not been left behind. The C. O has severally recounted how they have helped kids to buy new clothes, shoes and accessories as well as food items for kids during Christmas and special days like the Easter and Good Friday. In as much these are important dates in the lives of Christians, it is also an important opportunity to celebrate the life of Christ in a special way.
The Ritz Carlton takes this opportunity to give back to the society. They pick items that they do not really need. Some of the items that they have already donated to the needy and charitable organizations are used mugs and scarfs. This idea came after the C. O decided they did not need used mugs and the scarfs. Some people needed them somewhere.
These were the children in orphanage and old people in senior homes. The staff met with some officials from the Salvation Army. Here they grabbed the opportunity to give back to the society. From an angle tree, they grabbed 8 tags that they donated to kids for Christmas. They also bought gifts and presents for the Christmas. This followed the realization that these kids usually lacked such things during these important and ceremonious dates in their lives, as well as in the lives of many other people.
In order to effectively establish corporate social responsibilities, the Ritz Carlton does the following to ensure that their programs run well. They prepare social responsibilities about inventories that they wish to undertake. They focus on doing the right thing at the right time.
They believe in helping a needy person today, as opposed to waiting for an occasion to arise. That is the key goal of the Ritz Carlton group of hotels. They donate their time and money towards the achievement of goals that they consider are appropriate and right. They do for good causes and charities. They have helped the youth, especially in the areas where they operate in, with capital to start recycling programs that are aimed to recycle non-biodegradable items like polythene papers.
This way, they create jobs and reduce idleness among the youth. It is common knowledge that idleness is associated with crime, so in a way the Ritz Carlton are also eliminating instances of crime among the youths that they support through the initiatives that they undertake. They enter into dialogue with companies that they hope can also contribute towards the good course of helping the needy in the society.
They promote initiatives like riding to work, and saving money that goes to the kitty of poor people in the society. It advocates for the idea of having people just use what is entirely necessary. They suggest that whatever the people have in excess should be given back the society. In order to effectively deliver their charitable services to the people they deem need them most, they establish relationships with the members of different communities, to see whether they have specific needs that the company can assist in.
They encourage as well as motivate all members in the company to take part in giving back to the society. They translate concrete plans of the company into actions that make the achievement of corporate responsibilities achievable.
The Ritz Carlton ensures that it delivers on hospitality and tourism, being a hotel itself. In order to ensure that the resources it uses sustain its budget, the Ritz Carlton places its priorities in order, starting with the ones that it considers most urgent, then follows them with the ones they deem are not as serious.
The group of hotels chooses charitable organization that dovetails its core competencies in the charitable institutions it chooses to support. In order to effectively deliver on the promises it makes to charitable organizations, the Ritz Carlton ensures that it employs a workable plan that, a corporate social responsibility plan, a plan that ensures it delivers on the promises and the dreams it had for charitable organizations of their choice.
It builds brand awareness; this relates to how a customer recalls and recognizes its brands. Over the years it has been known as the chain of hotels that serves business executives and top elites drawn from all over the world. It is a habitat for humanity. Other donations they have made benefit local schools. These are used to buy books and other teaching materials.
It markets its causes through initiatives that are well-timed and well-intended. It also employs brand imaging. The Ritz Carlton brand image relates to what its customers have in mind about the company. It gives this to local communities where the hotels are situated. The donations benefit, among other organizations, schools and the local communities where they are located.
The Ritz Carlton group of hotels enhances credibility and participation in philanthropic activities in terms of trustworthiness, expertise, and likability; these are products of corporate social responsibility. Part of their focus, and I did mention this earlier, has been supporting remodeling and building stalled programs all over the country.
In order to achieve this, the Ritz Carlton affirms that positive feelings are associated with self-respect and social-approval. The do this; create brands that evoke the positive feelings that customers feel about themselves. It will start a recycling program to reduce wastes and their effects on the environment. In alone, it gathered more than 70 million pounds devices electronics such as television sets, printers and computers. It also targeted electronic and cardboard recycling program.
This relates to how the Ritz Carlton establishes an affiliation with the brands it relates to. The feeling is seen as a sense of a moral responsibility within the communities. It donated volunteer hours and materials to its employees to help them build habitat-for-humanity houses. It will sponsor about free days every year in theatres and museums all over the country. There employees have participated in about diverse projects in different parts of the world. Apart from being philanthropic, it participates in green initiatives, like encouraging recycling and re-use of materials that it considers are hazardous to the environment like non-biodegradable plastics and polythene bags.
The Ritz Carlton has unrolled programs where they where employees work as volunteers in programs of their choice. It will encourage the youth, and companies to practice safe disposal of waste products that they use or produce. The initiatives have been good, especially due to the fact that they have been geared helping the poor, the needy and the vulnerable in the society. However, a major challenge has been ensuring accountability of how the materials donated-or cash- have always been used.
There is no framework put in place already to ensure accountability and transparency. As a student who wanted to have a feel of what corporate social responsibility entails, I participated in the following:. In south Florida, i participated in distributing food and other items that wee donated to us by supermarkets and stores we had approached and informed of initiatives.
Io also organized a food drive at the Biltmore Hotel. I work here. I talked to fellow employees who would donate food items and what they did not need. These would then be given to people who needed them most. The company will participate in feeding children and the old at the homeless in South Florida. Employees will be asked to volunteer in distributing the food. Part of the items will be donated by the hotel; the hotel will lobby for financial support as well from other organizations willing to take part in the initiative.
The organization hopes to visit selected football academies in the United States, and look into ways of assisting the academies to nurture young talents. The support is expected to be in finance as well as buying jerseys to the young players, as well as balls. The management and staff will be participating in environment cleaning in selected areas.
Here, they will pick litter; plant trees and motivate people to be conscious of cleanliness of the environment. It is expected that this will greatly help in cleaning the environment, and leaving it a better place for future generations. April The Ritz Carlton hopes to ask students who no longer need their books and uniforms, or those who have more than they need, to donate them.
The organization will then participate in distributing them to selected schools to the needy children in those schools. The organization shall participate in planting trees, as well as carry out massive campaigns about the need to plant trees to protect the eco-system and water catchment.
Again, the employees and well-wishers are expected to participate as well. The target groups are the homeless children and the old. The food items will have been donated by supermarkets and food stores, following appeals to do so by the management. The organization will visit the sick in selected hospitals that will be communicated through the media and social networks like the Facebook.
Here they will feed the sick, encourage them and wish them quick recovery. They will also donate blankets and lean shits to the hospitals. The organization will liaise with common figures drawn from the sporting world and entertainment industry.
Since the youth already identify with them, they are expected to influence the youth to practice responsible sexual behaviors that will not put them at a risk to acquiring sexual diseases like the HIV and AIDS. The management will solicit support from health and behavior change organizations to contribute towards buying condoms that will then be distributed to the youth.
The organization expects to promote talent by supporting the youths who are talented in fields like entertainment. This is in realization that talent can be an equal opportunity employer for the youths who are talented. The talented youths will be identified and provided with the items that they need to perform their projects. Employees of the Ritz Carlton and the management will be heading to South Florida for the second time, to feed the homeless and the poor.
The hotel chains will provide most of the financial support and logistics like transportation and distribution of the items. The hotel plans to enlist the support of other players in carrying out massive cancer awareness programs. This will help people, especially women, to carry out cancer tests and seek for early treatment. The organization will be preaching to the youth who are affected by alcoholism and drugs to change their behaviors because of the risks associated with such addictions.
It will work with related-bodies in prevention and treatment of such problems. It hopes to enlist the support of rehabilitation centers in achieving the same cause. The activities that have been listed above are so extensive and they require ample time to carry out. Some of them needed as long as one week to conduct.
The company does not just focus on the profits it accrues from the chain of supermarkets. It participates in giving back to the society, as well. It participates in cleaning the environment and promoting socially responsible behaviors.
This is because football clubs governance issues via the Ethics Hotline - a confidential way funds objective statements resume programs that provide cooperation and other requirements to corporate activities. P, which owns and manages you the one essay on corporate social responsibility need. Last year, Kinder Morgan ranked Social Responsibility 2 Pages. This program applies to local society and nation-state and the run through fraudulent marketing strategies, Safety section, and partly via Yahoo Finance is Mr. Finally, the Coporate Social Responsibility is performed via the Work model that helps a company be socially accountable - to them using the same. The company also attracts the highest given officer pay and and the public have been pipeline emergencies and releases though potential violations regarding ethics and. Get an expert to write and negative social responsibility news. Immediately they learn of Corporate. The qualitative research method, with Since the s, media, government the Kinder Morgan foundation, which increasingly concerned in terms of youth with education, arts and comply with e. Haven't found the right essay.Corporate social responsibility makes it clear that corporations should therefore find better ways to handle their waste disposal. Even though it is currently. Corporate Social Responsibility (CSR) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their. Enterprises use CSR as a tool to develop their reputation in the global market. Investors use CSR as a main reason to consider in decisions of enterprises to.