Components Of Target 's Csr

Accordingly, Target’s (2015) CSR Report emphasizes its sense of community, stewardship, and responsibility by focusing on such areas as wellness (of guests, team members, and communities), sustainability of its products and business operations, inclusiveness, and community investment (p 2). Furthermore, Target’s management states its “performance as a company is intrinsically linked to the health and vitality of the communities” where its team lives and works (p 1). For that reason, Target contributes 5% of its profits back to local communities and has done so for 70 years (p 1). In its 2015 CSR Report, Target reports on the progress towards achieving its 20 corporate social responsibility goals it set in 2010. Progress is presented in easy to read graphics spread over seven pages of the 45-page report with goals for the future under development and to be released (pp 4-10, 10). In addition, Target’s website has this information under the categories of environment, team-member wellness, education, and volunteerism.

Target Corporation uses energy conserving Windows, low wattage bulb fixtures, motion sensors and refrigerator that earns energy stars as well as saves energy cost through these initiatives (Target Sustainability, 2015). Target Corporation energy efficient sustainable building is a commitment to support community and environment using solar energy. Solar energy generation eases the burden of the local power supply company. The more Target Corporation leads with an environmentally sustainable initiative, the Target Corporation brand name becomes popular and more people aware of the brand within the community (CSR, 2014). Target Corporation focus on the growth also based on the customer convenience by building urban stores near mass transit saving an enormous amount of transportation cost and lowering carbon footprint. These urban stores bring more traffic and more sales outperforming the competitors in the same area.

Target has a corporate social responsibility plan to show the legacy of giving and service. Rothaermel (2014) explains that Target embraces social programs, such as, promoting minorities and minority women into the supply chain. Target is fostering equality in society; this begins by creating a diverse workforce. Target is engaging the community to strengthen relationships and teach ethical treatment to others (Target, 2016). Rothaermel (2014) discusses corporate citizenship, where an organization philanthropic responsibilities are evident thorough ethical practices and giving back to society. Target encourages their employees to volunteer in local community programs. Target is interested in the community stakeholders and is committed to supporting communities by giving five percent of its profits, which has added up to more than $4 million each week (Target, 2016).

I chose to do my research on the Target Corporation. I feel they have a reputation of service to their customers, employees and community. Target’s mission is great value, the community, diversity and the environment. Target takes 5% of its income and puts back into the community. The Reading and Education Program, The Military and Veteran Support Program and The Social Services Program are just a few of several programs Target Corporation offers to the community. Target has a great reputation to be a positive fixture in the communities they serve. I think it says a lot about a company and the way it does business. I would feel good about working for a corporation like this. The Target Corporation has good ethics and is socially

Target has been giving to the community since 1946. They are growing a brighter future for their team members and the community. Targets community impact states that “Every time we build a new store, we bring our legacy of giving and service to the community around it through the local programs and partnerships we support.” I believe they have a lot of impact on the community and can show that they are a great company to be a part of. Target gives out education grants, and public safety grants, has a team member volunteer program, food donations, local support for United Way, etc.

For over 50 years, Target has provided American consumers with quality products delivered with “a unique shopping experience” (“About Us”, 2015). The retailing giant, second only to Walmart Corporation, secured a Fortune 500 ranking of 36 this year making them one the Top 100 companies in the U.S. (“Target”, 2015). 2014 was a tough year for the company marked with many pivotal moments including the installment of a new chief executive officer.

CVS sets high standards for CSR policies. The strategy is build upon three key factors, which include building healthy communities, protecting the planet, and creating economic opportunities. It “is supported by strategic priorities and goals, and aligned with the CSR material issues we identified in 2013, a process that was informed by internal and external stakeholders” (CVS Health).

Target Corporation is an upscale retailer that provides high-quality, on-trend merchandise at attractive prices in clean, spacious and guest-friendly stores. Having worked for target in the past, I have found this company to always keep their guests and team members in their top priority. In 2015, Target Corporation set goals for the future CSR which are making fitness and wellness a way of life for guest and team members and communities, pursuing sustainability for products and business operations, promote a more inclusive society and engaging with their communities. Every year Target makes a set of goals to be achieved and in 2015 according to their CSR Report, 20 goals we set and 10 out of the 20 were achieved.

Target’s CSR policies are exhibiting an overall positive trend and there are certain areas which are expected to continue moving in that direction in the coming years. With the dedication that Target made in 2010 to institute a policy of public reporting on their CSR efforts, they have set a foundation for continuing progress. Accordingly, to assess whether there is a positive trend we can examine the data that has been provided by Target over a five-year period along with the projected growths and new goals.

It is often said that a structure is only as strong as its foundation. This same principle can be applied to a business. In this case, the foundation is the stakeholders and the company’s corporate social responsibility strategies, both of which play a crucial role in the long-term success (or strength) of the company. Bombardier is a Canadian aerospace and transportation company which was founded in 1942 in Valcourt, Quebec as a snowmobile company. As its success grew, Bombardier expanded into one of the world’s leading transportation manufacturers; a multinational company, and evidently a highly successful one. The focus of this report, however, will not be on the overall success of the company, but on the company’s disposition

Overall, it was a pleasure to take the time to get to know more about Target and the way that they choose to approach diversity and inclusion. We believe that at the end of the day, Target has adopted one of the best views on diversity and it definitely shows through all of their work from the team members that they hire all the way to the advertisements they make to promote their

CSR is the concept that businesses should balance profit-making with activities that benefit society, as Bruce Dayton believed “businesses should act in the best interest of society” (Target, 2015). Accordingly, Target’s commitment is to design tomorrow’s Target through our value chain, building community and creating a great workplace. As such, its 5 core beliefs: innovation, leadership, growth, inclusivity, and community influence its ongoing commitment to CSR. Furthermore, they achieve this by concentrating on:

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

Dr. Veleva’s 2010 case study, “New Balance: Developing an integrated CSR strategy”, examines the company’s history and corporate culture, and describes how in 2006 it started to approach CSR more formally, creating a CSR steering committee. In 2008, the company engaged the Boston College Center for Corporate Citizenship (BCCCC) to help develop a framework, conduct

Nowadays, corporations which are considered to be profit-driven organizations try hard to come up with novel marketing strategies and utilize them to maximum their own profits. Moreover, more and more consumers’ attitude toward corporations’ impression are on the basis of their performance on social environment. This trend makes corporations tend to concentrate on how to give consumers a so called “good” impression (CSR or CRM?).