Corporate Environmental Responsibility: An investigation into the performance of CEMEX Environmental protection is currently one of the most pressing social issues; it features on the agenda of many different groups within society, including governments, special interest groups and global organisations. The actions of organisations with regard to the environment are becoming a large factor in their total profit and propensity for future growth. CEMEX is the third largest company in global cement and aggregate production; and the world’s leading supplier of ready-mix cement. Their annual production levels of cement and aggregate are approximately 55 million cubic metres and 160 million tonnes respectively. They have operations spanning …show more content…
Total energy consumption has been reduced through the use of new technology, such as renewable sources, like wind turbines (CEMEX 2012). In 2000, CEMEX reduced electrical consumption by 160,000 megawatts, which, with the combination of alternative fuels; reduced CO2 emissions by 263,000 tonnes (Wilson, Chang 2003). CEMEX is now actively committed to reducing carbon emissions in order to achieve environmental sustainability, “We acknowledge the local and global challenges posed by climate change, and are committed to applying our skills, technologies, and determination to reduce the contribution of our operations and our industry to climate change” (CEMEX 2012). This commitment helps to satisfy the demand from society and stakeholders to reduce carbon emissions. The efforts of CEMEX are commendable and will certainly help with the overall reduction of CO2; however it is questionable whether or not the burning of alternative fuels is a sustainable solution. The European Commission and UN Intergovernmental Panel on climate change claim state that only biomass fuels such as wood or sewage sludge should be considered carbon neutral, and that the burning of tyres and household waste may be worse than fossil fuels (ENDS Report 2008). This indicates that by burning alternative wastes such as tyres and household waste, CEMEX is still contributing to the overall CO2 levels in the atmosphere, and may in fact be doing more
Company Q is a small local grocery store chain who has made poor decisions when it comes to social responsibility. Company Q’s business is suffering because the owners’ do not know the heart of running a business, Social responsibility. When opening a business it is not all about the money. Sure it is nice to think about growth and reaping the benefits of a bigger bank account, but the first thing that is important in business is the consumers. Who is buying what you are selling? What will make consumers buy more, comeback, or tell friends? Businesses flourish around consumers. So if it is money you are after, then consumers are who you need and want. So in business in order for Company Q to get what they want and need, they will need to give the consumer what they want and need, social responsibility. Give back, it has always been said “It is better to give than to receive.” After careful review of Company Q's business actions, this company lacks social responsibility in many areas.
CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions, balancing the needs of stakeholder with their need to make profit.
Social responsibility should be important to businesses because it shows consumers and the media that the company takes a serious interest in doing what is right. These issues may be spread locally, nationally, or globally and could impact the health and wellness of customers and employees. Implementing a good social responsibility policy can impact buying decisions for consumers wanting to make purchases from an ethical company. Building a trustworthy reputation takes time, and effort, and is a valuable attribute for a business to have.
FastFit Case Study, Part 2 7. a) Assuming that Fastfit goes ahead with its plans to have an e-commerce site, identify two physical locations, from where customers can enter their orders to the ecommerce site and b) For each of the locations that you mentioned, identify the technologies (cover the areas of software, hardware and networks) that a customer would need (at the location) to accomplish this activity? (use a table) Technologies for Home Location Category Software Components Single user operating system software, for example, Intel CPU or Mac Power CPU.
As the cities that make up China continue to populate, the housing becomes very limited and people choose to spread out. China’s urban growth has enabled businesses around the city to expand making it easier for citizens to access their employment. But with expansion comes vulnerability and because of costs some companies overlook how their operations may affect the country socially and environmentally. That is the case in the port city, Qingdao, China. Early Monday morning, Nov. 25th, it was released that human error was the cause of a fatal pipeline blast on the east side of the city.
As the role of the environment takes centre stage as one of the pressing problems facing our world, the role of business to aid with climate change projects is increasingly discussed. Government regulations only go far, and without wanting to impose on corporate freedom, governments have less of an impact regulating corporate initiatives on climate change. As Charles Lindblom mentions, “Do we want business enterprises to reduce industrial pollution of air and water? Again we must bear the consequences of the cots to them of their doing so and the resultant declines in investment and employment” (Lindblom, 1982). This leaves environmental stewardship initiatives within each corporate organization and whether the effort to protect the
The essential aim is to hold corporations responsible for their actions and encourage a positive result through their business activities that affect communities, stake holder, consumers and society.
When looking at a company’s corporate social responsibility (CSR) and the tie in to consumer confidence, the apparel industry illustrates both the best and the worst cases. Today’s consumers are more aware of how multinational corporations are incorporating or failing to incorporate CSR practices throughout the product lifecycle. This awareness has pushed companies in the apparel industry like Nike and Gap to evaluate current practices and incorporate socially responsible and environmentally responsible policies throughout their supply chain.
During the late 20th century and early 21st century a business trend called corporate social responsibility has grown in popularity and necessity. Corporate social responsibility has been defined as a form of corporate self-regulation integrated into a business model with the intentions of benefitting both the company but the community as a whole. In recent years the public has become distrustful of businesses, after highly publicized meltdowns such as Enron, World Com and Arthur Anderson just to name a few. These incidents were caused
Corporate Social Responsibilities (CSR) is about how companies make profits in an ethical way. Coca-Cola has adhered to this principle and had removed a chemical ingredient(brominated vegetable oil BVO) from its drink, a chemical associated with memory loss. BVO is banned in several other countries but allowed by FDA is US. Due to an online petition, thousands have pressured Coca-Cola to remove it. Coca-Cola listened and removed BVO. The stakeholders – consumers are cared for as Coca-Cola is doing their best to preserve health. A spokesman said:’We are concerned about the welfare of our consumers and their health remains our top priority.’
CSR is about how companies manage the business processes to produce an overall positive impact on society.
With the development of economy and society, large corporations not only have responsible for make profit to their shareholders, but also taking environmentally responsible and undertaking corresponding social responsibilities as well as other stakeholders. This point of view could be involve in the corporate social responsibility (King and Lawley, 2013). Additionally, the definition of stakeholders are individuals or groups which affected by an organization and have an interest in its activities (Freeman, 1984). Moreover, Starik (1994) stated that those who potentially have impact on an organization may also is a stakeholder. However, according to Lynch (2006) argued that when a corporation involve many stakeholders, they
Its not a secret that the fish population is in dramatic decline for the last 10 years. So as an international company Lidl really cares about following the international policies regarding ethic method of fishing, illigal fisheries, dolphin-friendly tuna. It also ensure that all the fish they offer to the customer, is caught under socially acceptable conditions.
BusinessDictionary.com (n.d.), defines corporate social responsibility (CSR) as “a company’s sense of responsibility towards the community and environment, both ecological and social, in which it operates” (para. 1). When expressing citizenship, companies can do so through its waste and pollution reduction processes, by contributing to educational and social programs, and by earning adequate returns on the employed resources (BusinessDictionary.com, n.d.). Economic, political, and civil society are three spheres of human civilization that reveal fundamental principles of corporate social responsibility. The economic sphere, which deals with businesses and economy of a society, the political sphere, which deals with government and the laws and rules that mandate and enforces, and the civil society sphere, which builds civility and community (“Corporate Social Responsibility-Module Two Overview: Three Spheres of Human Civilization”, 2014). Cleco exhibits corporate social responsibility using the three spheres of human civilization through stewardship and conservation initiatives, community outreach, and regulatory requirements throughout its service territory, which includes 23 Louisiana parishes.
Corporate Social Responsibility (CSR) in the corporate event sector can be for everyone operating in this sector a basis for innovations, opportunities and competitive advantages with regard to social, environmental and economic aspects. This essay deals with the question what CSR is and how it influences the corporate event industry in the UK, as well as with the strategies companies have to do to generate a sustainable company structure and how they can advise their workforce to improve responsibility. Furthermore, the right communication of a CSR company structure is an essential aspect and how it has negative or positive effects on the people. The Global aspect of CSR is also interesting with regard to the corporate event industry and