Essay on Citigroup Corporate Social Responsibility Evalutation

In 2013, the Obama Administration issued the Climate Action Plan to focus on reducing greenhouse gas emissions by 17 % reduction below 2005 levels by 2020. This plan’s three objectives were carbon reduction, strengthening capacity for climate change response, and leading international cooperation for climate change crisis (White House, 2013). To reduce the

Corporate Social Responsibility (CSR) is a very controversial topic. A question that has been debated for the past few decades is; is it corporately viable to introduce social responsibility as a proposed addition to the work ethic of business organisations. As well as, if adopting the framework of corporate social responsibility would yield positive improvements for those organisations.

When a stakeholder visits JPMorgan’s website market or nonmarket, they will find a section dedicated to corporate social responsibility. Most companies provide easy access to this information along with an annual report on their initiatives that year and how they plan to maintain and even further their social responsibility in the next years. In the CSR section companies typically provide us with a short opening statement about their mission in social responsibility at JPMorgan it is the following “At JPMorgan Chase & Co., corporate responsibility always has been central to how we do business, starting with operating with integrity in all we do and extending to all the ways we help our clients and communities navigate a complex global economy. We strive to develop innovative programs that leverage the core strengths, capabilities and expertise of our business and our people – and those of our partners – to maximize our impact. JPMorgan Chase is profoundly optimistic about how much can be accomplished when people come together to do extraordinary things.” From that statement alone one would be led to believe that they are a

We renewed our commitment to do so during this G20 Summit. As our planet becomes increasingly interconnected, we need to promote strong, sustainable economic growth that works for everyone, and embrace the need to be socially and environmentally responsible. This is about creating jobs and opportunities for everyone, and building a healthier and more prosperous tomorrow for our children and grandchildren.”

However, the Action Plan is not likely to produce 9.8 Mt in new reductions by 2020, as the government stated. For example, the government claimed that using Greenhouse Gas Reduction Account funds to subsidize electricity prices which would produce 3 Mt in emission reductions. We found no evidence to support this claim and concluded that subsidizing electricity rates is not an acceptable use of these funds. Fortunately, the government is no longer proposing to divert Greenhouse Gas Reduction Account funds in this way.

2008- The Climate Action Plan is released along with the enactment of the greenhouse gas legislation.

Global warming, the cause of our ice caps melting and the sea levels rising. The G7 nations have come together to put a stop to these environmental issues by introducing a plan to stop the earth’s temperature rising by 2c. Decarbonising the world’s economy is the only way to stop an increase in the earth’s temperature and achieve net zero emissions by 2050. Climate works Australia and the Australian national university are leading the journey to a decarbonised Australia by 2050, with no major

Reported as Federal Sustainable Development Strategy (FSDS) in 2012, the Government of Canada has taken actions on climate change in both domestic and international. At the Copenhagen Accord in December 2009, Canada pledged to align with the U.S. target, this being 17% below 2005 levels by 2020 (3). To achieve this target, while on the one hand Canada proposed to control emissions. For examples, Canada has plans for addressing short-lived climate pollutants (SLCPs) to help meet climate goals and improve air quality (4). Short-lived climate pollutants (SLCPs), the government of Canada introduced it as “a group of greenhouse gases and air pollutants that have a near-term warming impact on climate and can affect air quality” (5). Canada solves SLCPs through enhancing science and communications to broaden understanding and engaging internationally, and building partnerships to reduce SLCPs on a global scale. On the other hand, Canada also focused on improving energy efficiency. For instance, the government builds smart, integrated clean electricity systems such as hydro, wind, and solar to afford power. Those are ways that how Canada address the climate

Cigna Foundation has been carrying out corporate philanthropy for over 50 years. This is only a part of their social corporate responsibility and their goal. Cigna corporate philanthropy goal is to bring Cigna’s mission and brand promise to individual and communities around the globe. (CSR Profile of Cigna Corporation, 2015). The foundation has been able to accomplish their goals by focusing on charities and nonprofit organization that has enhanced the health of individuals and their families. , which has health to bring well being to the community. This foundation has shown us that their responsibility has gone beyond economic and legal obligation; they have show the community that they can volunteer in the community; give donations to nonprofits, and just sharing their given talent to help others.

Furthermore, Document one discusses the United States ' goals in reducing greenhouse emissions. It lays out how to achieve success in

Total annual purchases were approximately $250, and about $60 million to be sourced through Materials Department

reduce our carbon footprint and carbon emissions to stop global warming and lessen it’s impact on

Not only that, countries submitted their voluntary plans for reducing carbon emissions with the formulation of the ‘intended nationally determined contributions’ (INDC’s). Like Ms. Figueres said “the Agreement sets an incontrovertible new direction toward a cleaner energy future”1. She also acknowledges it only represents a step into a long and hard process. Needless to say, real success will require a lot of hard work and steady efforts to take the Agreement’s spirit and vision to concrete advances.

Implementing Greenhouse Gas (GHG) emissions reduction policies is motivated by the occurrence of climate change and its projected damage to world economies, ecosystems and communities. Climate change is becoming increasingly urgent in the world sphere with its main cause being observed anthropogenic and thus certain mitigation and adaptation policies must be put in place to attempt to slow the current rate of warming and allow world economies to adapt to the already inevitable effects (Stern, 2006). The targets outlined in the Stern Review require an ideal abatement resulting in stabilised CO2 levels of 450 parts per million (ppm), which requires stronger mitigation on

‘Corporate social responsibility’ (CSR) means that the firm has wider responsibilities in relation to objectives and people apart from the owners or shareholders (Beal and Goyen 2005). 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,