Itella's Corporate Social Responsibility

Case Background: - In transportation industry, one of the biggest challenge is how to deal with carbon dioxide emissions and how to reduce the energy. According to the Natural Resources Canada, one third of the greenhouse emission is because of transportation industry.

or so many years our society has been thinking of forming new creative and innovative businesses, which would be more environmental and customer friendly. Nowadays a large number of different companies follow the social, ethical, as well as moral consequences when it comes to their decision making. One of the relatively new concepts involving economic and social concerns is Corporate Social Responsibility. Many of us apply this approach not only at work, but also in everyday life without even recognizing.

There are conflicting expectations of the nature of a company’s responsibilities to society. However, those companies that undertake what may be termed ‘Corporate Social Responsibility’ must decide; what are the actual social responsibilities of these companies? I will present a possible paradigm. Also, I will look at the benefit to the business that employs proper management as compared the business with poor management. This research paper describes my view of corporate social responsibility and compares the social responsibilities of Delta Air Lines and Spirit

Corporate social responsibility for the authors of the mentioned article is a “form of management that is defined by the ethical relationship and transparency of the company with all the stakeholders with whom it has a relationship as well as with the establishment of corporate goals that are compatible with the sustainable development of society, preserving environmental and cultural resources for future generations, respecting diversity and promoting the reduction of social problems” (Milton de Sousa Filho, Soares Outtes Wanderley, Pasa Gomez, & Farache, 2010). Based on this understanding of CSR Milton de Filho, et al. concluded that a competitive advantage can be derived from social responsibility and has following positive consequences for the firm:

This helps the company stay on track and be prepared for new laws that require companies to invest in CSR. ITC is also a company that makes sure they are taking initiative and being sustainable. The company has managed to be water positive and a carbon positive company (Ojha, n.d.). The company has also been able to “reach… animal husbandry services, education services, and self-help services as part of the efforts of the company to live up to the promise emphasized in its vision” (Ojha, n.d.). Their environmental initiatives are extremely developed and their social initiatives, such as forestry, farms, education of farmers and kids are also nicely developed (Ojha, n.d.). This company’s corporate positioning statement says it all: “Enduring Value. For the Nation. For the Shareholders” (Ojha, n.d.). ITC takes the time to think and plan in order for compliance with current acceptable standards or norms relative to social responsibility.

The first key commitment in the section of Climate Change and Energy states that “we will understand the sources, scope and extent of greenhouse gas emissions associated with our activities and we will continually improve energy and greenhouse gas management at our site”. This is highly beneficial to the community as it allows transparency in reporting of the company’s emission profile, inclusive of the emissions from production activities; and ways in which they are intended to effectively reduce greenhouse gas emissions from their production and use. It also enables the company to share leading practice and innovation in energy and operational efficiency to deliver savings in emissions and costs that can be dispersed across the entirety of the industry. It will in turn lead to external projects and other opportunities that deliver tangible reductions in greenhouse gas emissions and generate

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.

This is a persuasive paper defining various business terms like corporate social responsibility and equal distribution of wealth. The thesis statement does state that the CSR programs are applied in various developed organizations to set an example for small and rising enterprises whereas the anti thesis statement is that there are no moral obligations felt by businesses to be involved in CSR. The financial aspect of CSR activities is also discussed; at times it is thought that involvement of business in any environmental friendly work may lead to higher costs whereas an opposite point of view is that CSR increases long run profit (Aras & Crowther, 2009). Now day’s Triple bottom line concept is aligned with business which is another

The centre of the debate about the CSR is the nature and extent of corporate obligations that extend beyond the economic and legal responsibilities of the firm. “The idea of social responsibilities supposes that the corporation has not only economic and legal obligations, but also certain responsibilities to society which extend beyond these obligations” (McGuire, 1963: 144). The issue is therefore critical for the firm as it is in the business’s long-term self-interest to be socially responsible. If Chiquita wants to have a healthy climate in which to function in the future, it must take actions now to ensure its long-term viability. Ultimately it will benefit the company by “winning the public” because the public believe firms should take on social responsibility.

Perhaps the most important question in this research would be “what is Energiewende?” This whole research is based on the policies and goals written in this program, and it is crucial to begin with an overview of this daring plan. There are four main political objectives in this integrated policy “fighting climate change (through a reduction of CO2 emission), phasing-out nuclear power, improving energy security (through a reduction of fossil-fuel imports), and guaranteeing competiveness and growth (through industrial policies targeting technological, industrial, and employment development)” (Agora, 2015, p. 9). In order to reach these targets, mid-term and long term goals are set every 10 years until 2050 to keep the progress. For example, in year 2030, carbon dioxide emission in all sectors has to decrease by 55% compared to 1990

Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue

ITC Ltd has worked exremly hard to start several procedures that have led to compliance of the standards of social responsibility. ITC’s dealings within the tobacco industry have contributed to the increase in company revenues and the company has worked towards following the triple bottom line and giving back to society. Most, businesses pay little attention to their social responsibilities and make it part of their overall strategy, instead they concentrate more on financial benefits from the sales of products. Consequently, managing business in a socially responsive manner contributes to the best combination of business success and societal acceptance, trust and loyalty. Giving back to the community in ways that benefits only society such as planting trees to curb pollution and help the environment or using biodegradable materials in packaging can reap financial benefits to a company by building loyalty among the community. The notion of business ethics and corporate social responsibility is becoming a defining concept in all industries worldwide. ITC believes in the Triple Bottom Line philosophy where the performance and perception of a corporation should not be judged only on the basis of its financial statements or revenues, but its environmental and social performance as well. ITC is one of the only companies in the world to be carbon positive, water positive, and conduct solid waste recycling. ITC provides water to areas where water is very

Corporate responsibility is a form of self-regulatory mechanism given that organizations are required to comply with the ethical standards or the so-called international norms voluntarily. In this respect, companies are expected to monitor their day-to-day operations in addition to engaging in actions that go beyond the interest of the organization. In particular, companies operating with a CSR perspective often witness a positive impact on their financial outcomes as revealed from the case study of Axel Springer. Therefore, this analysis highlights the firm’s sense of responsibility through its waste reduction processes as well as its drive towards promoting social programs in support of the same course. Apart from analyzing

Deliberating with the rules given in the inquiries, the entire task worries about the Corporate Social Responsibilities (CSR) and maintainability. As it is specified in the inquiries we 'll be discussing the CSR and maintainability. The goals of each business while building up are to make the financial conditions more grounded and to last nature for future era. Performing amid its normal exercises, it is having negative effect in nature. In the event that these sorts of exercises are not lessened then it will keep on effecting the earth. CSR worries about the obligations of the corporates towards the general public. Manageability is indispensable to how the corporate work together, and they keep on taking a stab at creative

‘Corporate social responsibility’ (CSR) means that the firm has wider responsibilities in relation to objectives and people apart from the owners or shareholders (Beal and Goyen 2005). These responsibilities are achieved when the firm adapts all of its practices to ensure that it operates in ways that meet, or exceed, the ethical, legal, commercial and public expectations that society has of business. Objectives often associated with CSR include a responsibility to manage natural assets sustainably and not to pollute by chemical discharge, smell, noise, dust or other irritants; fair treatment of employees and ethical attitude towards clients. The other people include employees, customers, suppliers,