Company's Csr Sustainability Program

In the biopharmaceutical industry, corporate social responsibility has been a vital tool for the ongoing success of certain companies. Recent scandals such as Martin Shkrelli and his skyrocketing pricing of Daraprima, a vital drug, has brought CSR practices in the pharma industry back into spotlight. Merck pharmaceuticals and CO. is one of the very few and dominant company in the pharmaceutical industry that has invested in social responsibility ever since it was founded in 1891. The American-based company has played a major role in improving health worldwide and increasing access to medicine all around the globe. Perhaps what has made the company such a success for the past 120 years is the pursue of social ends at the very core of their mission. Following the integrative model

When thinking about social responsibility, we typically view it as the responsibility an organization takes actively, passively or an altogether indifferent role in building a more sustainable world. The cornerstone of CVS’s corporate social responsibility (CSR) strategy is “Prescriptions for a Better World.” The strategy’s key pillars are--focused on making healthy communities, protecting the planet, and creating economic opportunities. The company’s purpose; which is committed to helping people obtain better health by concentrating their resources in the most appropriate manner that addresses issues that are the most material to address. Additionally, the enactment of ground-breaking programs such as chronic disease management, pharmacy advisor, and maintenance choice which assist patients in the managing and maintaining their medications. The company is also proactive in preparing patients for health care reform. CVS’s future reflects unlimited potential and growth as it embraces making quality health care affordable, accessible and sustainable for a better

Petsmart is a specialty retailer of pet products and services. They provide food and products, and offer services such as grooming, boarding, doggie day damp, day care, training and adoptions. The company employs about 53,000 associates and operates 1,477 stores in the United States, Puerto Rico and Canada. (Company Information, 2010). Petsmart also does their part in the area of sustainability. The following will discuss what the company is doing in the areas of social sustainability and environmental sustainability. Then will discuss how their mission statement and website tie into their sustainability efforts. And finally, the following will give suggestions on how to improvement their sustainability effort.

This paper presents a synopsis of Applied Medical 's current sustainability practices, discusses specific sustainable practices that can benefit the triple bottom line immediately, and finally exhibits the benefits of synergizing corporate responsibility activities by appointing a Corporate Social Responsibility Manager to Applied Medical 's leadership team.

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.

As mentioned throughout the previous sections, Target has a very inclusive CSR program that covers most areas under this field. Because of this, there is little for the company to do in terms of expanding into any brand-new components of CSR; therefore, it would be most beneficial to fine-tune some of its programs to align with the company’s customer base more closely. Moreover, some of Target’s current CSR efforts are rather broad and the company could benefit by really specializing within some of the areas and establishing more detailed goals. Although Target seems to emphasize its dedication to supporting the community and collaborating with other organizations, there seems to be a disconnect between this and some of the company’s decisions.

Company X’s attitude towards being socially responsible is being clouded by its desire to maintain high profits. With its current actions, Company X is catering to a select group of its primary stakeholders such as the investors and shareholders. They seem to be forgetting that the customers, employees, and the community are also primary stakeholders. We will look into the scenario and dissect the company’s actions to show how they are alienating the community that will ultimately determine their reputation and profitability.

In 1969, Novo Nordisk, which had been produced poor quality detergent, had a serious issue about the safety of the customer. Generally speaking, a company’s reputation which has significant influence over a profit is much more important than an amount of money that a company needs to spend on cleaning up pollution. Despite being at a competitive disadvantage, the company has decided that it is better to disclose environmental reporting to be more transparent on social. In regards to the philosophy of Novo Nordisk, the company’s value reflects its business environment, social responsibility and medical innovation which can be known as “The value of the Triple Bottom Line” (Novo Nordisk 2013, p. 19). In this report, the core

Today, companies are well aware of the expectations put to them by stakeholders, investors and consumer demand, as well as governmental policies, to become more corporate socially responsible (CSR) by implementing sustainable practices and strategies. As earth’s resources are slowly being depleted, corporations are expected to be more socially and environmentally responsible. Countless corporations understand the need for CSR and claim to have sustainable strategies in place, but are the strategies real or is it a facade? What are the real intentions behind companies turning to sustainability? Is there a hidden agenda or do they have a genuine concern with the sustainability issues, stakeholder and consumer demands or are they seeking a

Throughout this 7 workshops in the first teaching block, this workshop “The Age of Management” have immediately caught my eyes. This is because as a business student, I am always interested where the corporate social responsibility (CSR) came from and why it is important to the business and to the society.

Corporate Social Responsibility (CSR) is the intention of the companies to do the right things and act in certain ways that are good for the company, society and environment. CSR was accelerated in 1970 (Archie B, 2006) and took into account since there was a concern between the increased population and scarce resources. It was established in order to ensure that the global development is sustainable. There are three fundamental aspects of sustainability, economic progress, communities’ relationships and environmental protection. This essay will report the managerial skills, leadership style and management practises in leading and managing an organisation to promote better and greener environment. Considerable research has been undertaken on Toyota Motors Corporation.

The founders played a big part in bringing success to the company. First, the founders positioned the company as a socially responsible entity that was really concerned with the welfare of society and the environment at large. As an example, the company was actively involved in supporting the World Wildlife Fund and planted 52 million trees. The founders believe that corporate social responsibility initiatives were not meant to boost the image of the company but to ensure environmental sustainability. Secondly, the founders also successfully adopted a decentralized business model that allowed workers to feel empowered. For instance, various teams in the company played a big part in negotiating critical business deals such as the

Laura, a student at a university in California, was chosen to participate in a two-month internship in India which focused on collecting data about the progress of a Corporate Social Responsibility (CSR) project. At the end of the internship, Laura was to present the information at the company’s headquarters. While Laura was in India she struggled with communicating with people because she did not speak the native language and her translator, Ravi, often did not show up or was incredibly late to meetings. Ravi was also Laura’s CSR project coordinator and supervisor. The staff informed Laura that Ravi had not been preforming weekly meetings as expected. After relying on limited English to perform interviews with the staff and students, Laura discovered that there had been financial mismanagement of student tuition fees, rapid staff turnover and a drop of females attending the college. Laura informed Ravi of the issues that she had discovered. Ravi told Laura to not report her findings to the company’s headquarters since they had little involvement in the project and would not be able to make any improvements but that he would handle them internally. Since Laura was new to CSR work she was scared that she might cause consequences for the staff and students that she built connections with. As an intern, Laura knew her job was to document the setbacks of the project but Ravi was discouraging her to do so which made it hard for Laura to honestly report her findings to the

Supply Chain Responsibility is or at least should be part of a company’s Corporate Social Responsibility (CSR) strategy. CSR is a strategy that managers use to monitor, maintain, and often times improve the environmental and social impacts of their companies as well as how they interact with all of their stakeholders not just the shareholders for which their operations effect. Managers should use their CSR plains to balance the expectations of their often competing stakeholders with their environmental, social, and economic goals. Some fundamental CSR concerns are stakeholder engagement, environmental impact, responsible sourcing of raw materials, standards and working condition of the labor force, social and gender equity as well as good governance and anti-corruption control. CSR approaches focus on what is called a Triple Bottom Line for measurable results. The three measures are profit which is the economic value that a company creates, social which is the how the company treats its labor force and the communities for which it operates in and environmental which is how the company is engaged in the creation and application of sustainable practices that produce reductions or eliminates environmental impacts.

Corporate social responsibility of the company manifests itself not only to customers but also employees and environment. In the brand’s core there are based principles of respect and understanding for the normal functioning of all processes starting from the development and production to marketing and sales of finished products. The LVMH values in people their interests, needs and values (Social Responsibility, n.d.). This policy is ideally focused on developing new ways of production and using raw materials and resources in innovations according to environment changes. That is why, one of the most important parts in production of product plays The LVMH Environmental Department. The main objectives of the Department are aimed at designing of products by using new innovations and controlling environmental risks (Environment, n.d.).