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CSR - Assignment Example

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Summary
Corporate Social Responsibility refers to the commitment of a company to serve itself, shareholders, employees and other stakeholders of the company such as customers, the surrounding community and suppliers who are affected by the activities of the company. Corporate Social…
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CSR

Download file to see previous pages... The first element of CSR which is about people regards the social issues of Corporate Social Responsibility (Clapp and Rowlands, 2014). They include health and safety of the clients consuming the company’s products, the safety of the local people from the gaseous emissions of the company, workplace conditions for the employees and provision of a fair level of leisure for the human resource of the company.
The planet element of Corporate Social Responsibility regards the environmental issues. Issues under focus in this case is for instance pollution through noise from the production process of the company, congestion, climate change caused by the gaseous emissions of the company, management of the company’s waste products, recycling and the use of alternative sources of energy like solar and wind.
Businesses run for the only reason of making the profit. The Corporate Social Responsibility element of profit regards the companys role in making profits and increasing the value of the shareholders investments (Clapp and Rowlands, 2014). The blueprints that a company should focus on in order to best deal with the element of profit include the financial performance of the company, better investment decisions, human capital improvement, building business relationships and networks and the government subsidies.
Conviction refers to the case where the company does what it feels is generally accepted as ethical and right and voluntarily contributes to the local community by doing philanthropic projects (Clapp and Rowlands, 2014). Examples of Corporate Social Responsibility activities that fall under the zone of conviction include building bridges, sponsoring schools and starting foundations to fund the education of the needy children in the local community.
Corporate Social Responsibility activities that fall under the compliance zone are those that enhance the company’s compliance with the law and the various requirements of external regulations. Such ...Download file to see next pagesRead More
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