Csr Programs And Corporate Social Responsibility

Many firms are learning that being environmentally friendly and sustainable has numerous benefits. (O.C Ferrell, Fraedrich, Ferrell, 2015). This could enable them to increase goodwill from various stakeholders and also save money in the long term. This will mean that they are being more efficient and less wasteful of resources, which will enable them to be more competitive by satisfying stakeholders. The CEO of

These efforts have included: financing businesses that develop solutions to mitigate the impact of climate change; invested and financed over $52 million for sustainable businesses, with $4.5 million going to green affordable housing; Wells Fargo Securities managed or co-managed more than $2 billion in green bonds to help municipalities and universities finance their environmental sustainability initiatives; provide grants for environmental solutions for agriculture and foster, water quality, land conservation, and building healthy urban ecosystems

As we have seen an increase in awareness around sustainability and climate change, with the help of Al Gore’s Inconvenient Truth documentary in 2006, we see organizations moving towards mitigating the effects of climate change in various ways (Al Gore, n.d). As this corporate social responsibility has become more prevalent, organizations are now pushing their green agenda by publishing sustainability reports, doing mass marketing and implementing sustainable business practices to portray the image that they too are working towards protecting the earth’s natural environment all the while focusing on their underlying goal of selling their products and

Wells Fargo has voiced their commitment to environmental responsibility in all areas of business, supporting environmentally friendly business opportunities and providing a

Part of my brief at Sustainable Future Group involves helping organizations reduce environmental impacts and

The devastating effect of recent storms, floods and other natural calamities forces us to think seriously about global warming. Governments, corporations and individuals all have their own role to play in combating the demon called Global warming that we have conjured out of our own activities. There are a lot of discussions about who can really contribute to the emancipation of the environment and everyone seems to shrug off the responsibility. This article discusses the intermediary role between economic progress and environmental safeguarding being played by the BFSI sector in tackling global warming. Green Banking is a very broad term that encompasses all the practices and guidelines that renders banks sustainable with respect to the economic, environment and social paradigms. Banks can go green to achieve sustainability in three ways:

NBBC is also big on philanthropy, supporting 150 sustainability-oriented non-profits including 1 Percent back to the Planet. NBCC has found incredible success in quality over quantity in the spirit of the company, stakeholders, community, sustainability and employees. Through tremendous growth, including in a down economy NBBC has not deviated from its original principles; and continues to support environmental goal setting, innovate and improve efficiency. Social responsibility can be productively coupled with sound strategies promoting good will, in addition to building sustainable

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.

In the following discussion, we explain the research that was needed to apply these sustainable concepts to Bank of America.

He came with a vision of environmental sustainability.” Tyler explained that the company was wasting so much and was not an environmentally friendly corporation (para.1). Elm is now vice president of corporate and business sustainability. He stated, “Sustainability is strategy” (para.2). “Under the banner of corporate social responsibility (CSR)- the notion that business should have a moral conscience on social issues, and a concern for the needs of future generations when it comes to the environment” (para. 4).

With the goal of “not just to be the best in the world, but to be the best for the world,” Benefit Corporations or B Corporations, want to be the change in the world by using business to combat social and environmental problems (B Lab, 2014. “Why B Corps Matter.”) . Designed for profit companies that want to consider their impact on society in addition to making a profit, B Corporations aim to “redefine success in business” (B Lab, 2014. “Why B Corps Matter.”). Whereas a traditional corporation has a goal to generate as much revenue and profit as possible, Benefit Corporations also work to create general public benefit and thus make it their responsibility to satisfy all stakeholders, not just shareholders. Because of their desire to benefit all their stakeholders, B Corporations work to create higher quality jobs and improve life in communities by becoming an agent for of change in passing legislation and investing capital to make a difference in the world. Besides being accountable to all stakeholders, B Corporations are more transparent than that of traditional corporations as they are required to annually issue a report to the public, assessing their overall financial and environmental performance against a quoted threshold known as the B Impact Assessment. In acting socially responsible as a mission rather than an option for businesses, Benefit Corporations are working to transform revolutionize the way business is conducted.

In the same way, corporate resources drawn from the environment must be in balance with the positive impact that the company has on the environment. Many paper companies plant twice as many trees as they harvest for pulp, and in this way the company maintains a balance with the environment that makes a positive impact. Companies that only draw resources from the planet without making efforts to improve it are seen as sources of loss for the planet, and their unsustainable practices make them less competitive in the marketplace. Although BBA Financial isn’t involved in heavy industry, the company is involved in sustaining demand for natural resources and it must take

Bank of America 's company philosophy is “we believe, very simply, that it is the actions of individuals working together that build strong communities ... and that business has an obligation to support those actions in the communities it serves” (Lewis). As stated on their company website overview, Bank of America is committed to creating meaningful change in the communities they serve through their philanthropic efforts, associate volunteerism, community development, and investing, support of the arts, and environmental initiatives (Bank of America, n.d.). Their neighborhood revitalization and stabilization programs were designed to aid, restore, and invigorate communities suffering from the growing number of foreclosed and vacant properties. They are further committed to cost-efficient and environmentally sustainable practices that benefit the global community. An example of this is the Bank of America Tower in New York City, one of the world 's most environmentally-friendly skyscrapers. Bank of America expects and actively encourages its employees to act ethically, honor Bank of America’s code of ethics, care about one another, and value their communities.

In evaluating Gore & Associates’ corporate culture differentiation, it is clear as to their commitment to diversity and mutual respect, trust and fairness, employee empowerment, and collaboration. Likewise, their commitment to mutual respect goes beyond just human capital; it includes a respect for the environment too. As part of Gore & Associates Environmental Responsibility Statement, they have gone on record with the following; “Gore’s respect for the environment is a natural outgrowth of our legacy of responsible innovation.” “Throughout our history, we’ve applied the principles of sound science to create products that improve the quality of life, including products that solve difficult environmental problems.” (www.gore.com/aboutus/environmental_responsibility_statement, 2011, para. 1).

One case I heard before, in 2007, HSBC set up a Green Bank for the company. The Green Bank account can record the company’s carbon footprint. And which helps to calculate the amount of carbon dioxide by their company’s activity. At the end of the year, the company need to pay for their pollution. The theme of this projects, is help the our world and let people realize, the more we pollute right now, the more money we need to fixed in the future.