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TESCO: Environmental Audit - Case Study Example

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From this work "TESCO: Environmental Audit", it is clear about the microenvironment related to the company and the macro environment as prevailing in Qatar from the company’s as well as the country’s perspectives. The author outlines environment & corporate social responsibility, the issue of ecological ethics. …
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TESCO: Environmental Audit
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Download file to see previous pages Therefore, its entry into the country needs to be analyzed with regard to the company’s Corporate Social Responsibility policy, particularly its policy related to environment from an auditing point of view taking into account its CSR history and its compatibility with the national environmental policy “aimed at protecting the natural resources and preserving the wealth of the country through a strategy that reconciles industrial growth with environment safety”. (Qatar News Agency)
There are several obligations imposed on the companies which could be legal, ethical, or economical concerning their stakeholders. Some of these responsibilities may be discretionarily extending beyond the statutory obligations on a voluntary basis on the part of the companies. According to Bruntland (1987), Sustainable Development is a process “that meets the needs of the present without compromising the needs of future generations to meet their own needs”. Therefore, a country aiming for sustainable development considers the companies engaged in manufacturing or trading as part of the environment or ecosystem without impairing the growth and safety of the people, plants, and animals as all are dependent on each other. The survival and wellbeing of the society and the future generations hinges on various environmental issues including pollution of water and air, treatment of water and effluents, proper disposal of the industrial wastes considering the likely imbalances caused due to these environmental threats. It is in this backdrop, it could be stated that the CSR is not limited to fairness, transparency, and accountability in the running of the business.
Several international agencies have developed standards and issued guidelines for voluntary compliance by the companies. For instance, SAE International (2011) has issued several guidelines on environmental standards which include emissions, environmental protection, and recycling. Similarly, The UN Global Compact and the OECD Guidelines for Multinational Enterprises (“the OECD Guidelines”) are comprehensive. (OECD, 2005)  These standards inter alia cover environmental issues and a number of companies worldwide adopt such standards. ...Download file to see next pagesRead More
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