Corporate Social Responsibilities

2100 Words9 Pages
Nowadays, many international companies take sustainable development seriously. They understand that sustainable development can enhance their quality of life and their reputation in public. Sustainable development is "development that meets the needs of the present without compromising the ability of future generations to meet their own needs." (Brundtland, 1987) Sustainability requires monitoring and managing all the person to ensure that our economy and society can continue to exist without destroying the social and natural environment during development. The sustainability includes three pillars, which are economic, social and environment, forming a triple bottom line. The triple bottom line demands that a company 's responsibility lies…show more content…
Firstly, it issued some idea and non life insurance products for adaptation to and mitigation of climate change. For example, it has issued Weather Index Insurance, which is a financial product for farmers in northeast Thailand against the effects of climate change. When the weather is different from the traditional or normal conditions, they immediately compensate for the loss of profit to the farmers. At the same time, they took interviews with local farmers and analyzed the weather date from Knon Kean Province. For the other example, it reduced paper consumption to reduce cost. Then it focused on the use of IT to systematize procedures, such as using the computer screen to present to a customer instead of using paper working proposal. There is compliance of the economic performance indicators.
Secondly, its environmental management system developed based on the PDCA cycle. It has been set a medium and long-term goals through the PDCA cycle. It promoted resource conservation by reducing the CO2 and consumption of electricity, paper and energy. Then it gave the Environmental performance data to support its result and achievement. Additionally, they promoted a new financial product, The Green Reform Loan Plan, which reduce 0.3% interest rates on loan for ecological reforms. It encouraged using solar photovoltaics and Eco Cute hot water systems, which reduce CO2 emission. Then the 0.3% of the Green reform Loan Plan loan amount was donated to Satoama
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