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The corporate social responsibility of Formosa Plastic Corporation - Essay Example

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This essay analyzes the corporate social responsibility of Formosa Plastic Corporation. This paper has such sections: environmental-focused initiative; society-focused initiatives; positive motivations for being more responsible and integrating CSR; positive benefits of the CSR strategy…
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The corporate social responsibility of Formosa Plastic Corporation
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Download file to see previous pages This research will begin with the statement that in pursuit of environmental protection, Formosa Plastics Corporation adheres to initiatives that are targeted towards improving the environment. For example, the corporation in the areas of energy and water conservation invested about the US $ 0.57 billion from 1999 to 2012, which saw the completion of more than 6,356 improvement projects. This enabled the corporation to save 287,000 tons in terms of daily water usage and decreased carbon-dioxide emissions by about 8.064 million tons yearly. The corporation intends to implement another 772 improvement projects in the future. This will save about another 13,000 tons of projected daily water usage and lower carbon-dioxide emissions yearly emissions by another 1.371 tons. The corporation prevents and proactively controls pollution in all stages of its manufacturing processes. It has established comprehensive garbage classifications and kitchen waste recycling initiative. The corporation has established Formosa Environmental Technology initiative that recycles kitchen waste into organic fertilizers for growing organic vegetables and fruits. The corporation’s management understands the fact that there is need to give back to the society. The corporation understands that in the region they operate there is lack of medical and industrial talent, which has resulted in substandard healthcare resources. ...Download file to see next pagesRead More
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