MGMT003: Business, Government and Society Individual Assignment: Is CSR in Singapore real or lip service? Is CSR in Singapore real or a lip service? Since independence, the Singapore government has established several regulations and codes of practices in the fields of corporate governance, industrial relations, safety standards, pollution control etc. and companies are expected to meet these requirements. This had led to the adoption of implicit CSR practices in Singapore companies, with a narrow emphasis on an explicit display of their practices. In such a case, businesses may be practicing CSR without realizing it. This is also a major reason why 60% of Singaporean companies are not aware of CSR. Amongst the 27% of companies …show more content…
These are instances where FairPrice has undertaken philanthropic activities which have no association to its products. These practices have purely been taken up as a means to promote welfare of the underprivileged, support the general well-being of the public as well as contribute to national causes. In 2009, FairPrice opened the first “Eco Store” which utilizes 100% bio-degradable shopping bags, has dedicated check outs for customers using their own bags, has store fixtures and fittings re-cycled from other stores, and has recycling stations for food waste (“Sustainable environment,” 2011) By doing so, the company took the initiative to bring out the change that everyone merely speaks about. Being the industry leader, its actions can lead to increased awareness as well as adoption of similar practices by its competitors, suppliers as well as customers. In 2002, FairPrice introduced a Management Trainee program to develop the skills of young and promising employees. During the 6 months’ program, Management Trainees are exposed to two critical aspects of the FairPrice retail business and are given structured on-the-job training as well as cross-functional projects to widen their knowledge of the business (“Wonderful workplace,” 2011). FairPrice has hence put in considerable amount of efforts in developing its employees to
“Bag2bag” program is the most important one among them. Kroger reused more than 1billion pounds of corrugated cardboard in 2007. It resulted in a 14 percent increment over the previous year. In majority of the stores plastic bags, dry-cleaning bags and plastic shrink-wrap can now be reused via Kroger’s recycling program. 9.1 million pounds of plastic recycled from the stores and distribution centers as a result of this program. The grocery bags used in many retail departments contain 25% reused content as a direct consequence of “Bag2bag” program. (Kroger Sustainability Report,
Current approaches to CSR are fragmented and/or disconnected from business goals. Many firms still consider CSR as another generic public relations problem in which media campaigns and CSR reports are used to paint the company as a positive ethical, social and or environmental advocator and supporter. For example, the annual reports discuss a firm’s sensitivities to CSR issues, but completely lack the entire story and offer no further forward commitments from the firm. Further, the ratings and rankings measurements are self-appointed by the firm, not always accurate to validate the work and direct impact to what they are measuring, and the criteria base varies widely and weighed differently in the final scoring. Worst of all the data lacks impartial auditors for validating the data to ensure the ratings have been accurately met, and data is statistically significant and a good proxy for what it is supposed to reflect. This has resulted in reactive initiatives designed to appease vocal
In the Canadian economy, corporate social responsibility is a significant aspect of most business transactions. This is due to the importance placed upon it by society, in particular the demands of Canadian citizens. In every economy around the world, these demands are different and thus reflected in the creation of government policies that require corporate social responsibility to be considered. It is not only these policies, but the consumer demands for CSR that determine the significance of CSR within companies. Therefore, although a great importance is placed upon CSR in Canada, especially here at Macewan, this is not always the case in other locations around the world.
It's every band’s dream to be recognized and have their influence spread across the world, and the bands LANY and Oh Wonder are no exception. Hailing from Los Angeles, LANY is a three man alternative rock group composing of vocalist Paul Jason Klein, a drummer and a synthesizer player. The synth driven band incorporates sounds from the 80s and 90s into modern indie music. On the other hand, Oh Wonder is a musical duo composed of Anthony West and Josephine Vander Gucht. The duo is widely known for their soft melded vocals and keyboard saturated R&B inspired music. Both originating on Soundcloud, the music groups have gained traction and the following of hundreds and thousands of teenagers around the world. While LANY by LANY and Oh Wonder by
The concept of Corporate Social Responsibility is a relatively new in the management field and there is no single definition of it since everyone’s interpretation of the term is different. “Corporate Social Responsibility means something, but not always the same thing to everybody.” (Votaw, 1972, p.25) and from my understanding of the concept, CSR to me is “The voluntary business activities within the boundary of law that contributes to the wider community for a more sustainable environment”. Since everyone has a unique interpretation of CSR, the range of relevant CSR practices across businesses has been quite diverse as there is no such thing as features of CSR (Marcel van Marrewijk, 2003). Rising environmental and social concerns in
People have fear of the truth, since the earliest of human history. Whether it is recognizing their own or others’ flaws, or simply seeing what they received on their latest test, this fear leaves many mortified and is prominently used for impact on the news. Universally, people seek the companionship of others to share the same comfort and security. Due to this human desire to find self-security, people including the media use bias to suggest danger in order to invoke the interest of an audience towards a narrow line of information and away from the full picture. Fear through bias shown in the media is what “those in power decide to use scare tactics, using fear as a tool to get us to agree with what they want to do (Sibiski, 2016).” Throughout
Both the definitions given highlight the “voluntary” part of the actions taken by firms, those which go beyond law requirements, and from this starting point Matten and Moon (Matten & Moon 2008a) define two types of CSR, “implicit” and “explicit”. Implicit CSR reflects the actions taken by the firms to respond to formal and informal institutions for society’s interest, and consists of values, norms, and rules which result in requirements for corporations. Explicit CSR describes corporate activities that assume responsibility for the interests of society. They normally consist of voluntary programs and strategies by corporations which combine social and business value and address issues perceived as being part of the social responsibility of the company, often in response to local communities or Non-Governmental Organizations’ pressures (NGO) (Matten & Moon 2008b).
Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.
Gender roles have changed a lot in the past one hundred years. From Rosa Parks to Susan B. Anthony women have had a lot of controversy. Women were not expected to get education, were not thought of equally, and were not allowed to get certain jobs they wanted.
Corporate Social Responsibility (CSR) dapat dipandang sebagai aset strategis dan kompetitif bagi perusahaan di tengah iklim bisnis yang makin sarat kompetisii. CSR dapat memberi banyak keuntungan yaitu :
As the world’s population slowly increases, the need to recycle becomes more evident to safeguard the future of the environment for future generations. With Australia using 3.92 billion single use plastic bags each year of which 50 million ending up in Australia’s litter system, green-minded Australians have started using the green reusable shopping bags (Plastic as a Resource, 2015). Although some people switched over to using the green bags, there is evidence that suggest they are not as environmentally friendly as some people might think. This report will investigate triple bottom line sustainability, materials and provide a recommendation for future shopping bags.
CSR research has spent many years to promote company benefits in the regard of social responsibilities, so the CSR strategy consideration gained much importance in a firm working . Although CSR categories the responsibilities of a company but in real world it is not good due to three reasons, first the CSR categories are not differentiable, second CSR can be used as a moral substitute to hide the other
The need of well defining CSR is central to many developing countries that are exponentially growing in demand and offer. China is certainly one of the most researched country when it comes to business and social practices for an innumerous number of reasons. Being a world leader in manufacturing, China is now influencing the Western world and therefore it appears fundamental to understand how the country is moving towards Western concepts such as CSR. Although the world demand for business best practices and ‘green’ policies has been promptly addressed by Chinese authorities and manager, it is important to explain that CSR is somehow a rooted concept in traditional Chinese culture (Liu, 1995). Confucianism
This project is going to access the quality of Chinese companies’ CSR reports. In particular, to access the balance between good and bad information in the reports suggested by G4 guidelines. China has its unique cultural background which strongly effects the understanding and adoption of CSR concepts. The Chinese concept of Face (Mianzi) under the impression management can be used to explain the balance of CSR reports in China. Previous studies provide many good theories in this area, this study is going to build on them and provide empirical evidence to existing literature in order to better understand Chinese companies’ CSR disclosure and their reports.
Doing CSR in Japan is less legalistic than the Western countries, instead of specific rules and regulations. The government in Japan usually uses voluntary guidelines and suggestions to control the CSR activities that ensure cooperative relationships between the companies and government. The Japanese Ministry of Economy, Trade and Industry defines CSR as not only complies with laws/regulations and risk management, but encourages the improvement of corporate brands/human resources in the same way as corporate competitiveness. In the opinions of Japanese managers, the adoption of CSR is about understanding the spirit of compliance on a voluntary