Monsanto Social Responsibility

Monsanto Co. is a publicly traded multinational agrochemical and biotech corporation founded in St. Louis Missouri in 1901 making it one of the largest, and most histories US corporations. It operates around the world in around 69 countries. It has operating revenue of around $15 billion with over 21,000 employees. A lot of farmers around the world depend on their Roundup brand, utilizing their genetically engineered seeds for better productivity and pest resistance as well as their herbicide glyphosate to keep farm produce healthy. According to Thorne, McAlister, Ferrell & Ferell (2005), social responsibility is, "the adoption by a business of a strategic focus for fulfilling the economic, legal, ethical, and philanthropic responsibilities

Corporate social responsibility (CSR) is a broad term used to describe a company's efforts to improve society in some way. These efforts can range from donating money to non-profits to implementing environmentally-friendly policies in the workplace. CSR is important for companies, non-profits, and employees alike.

Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism that has business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. CSR is a process with the aim to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered stakeholders. CSR is titled to aid an organization's mission as well as a guide to what the company stands for and will uphold to its consumers. Development business ethics is one of the forms of applied ethics that examines

LUBBOCK, TEXAS– Janice Person of Monsanto shared her expertise in story telling to Texas Tech students in the Department of Agricultural Education and Communications Friday, Sept. 23.

Monsanto is a very prominent business that utilizes leading edge technology to create products that are appealing to customers and his/ her everyday farming career. The company focuses on biotechnology in order to produce products that are higher in yields and that will produce better plants in order to create more solid crops around harvest season. Monsanto utilizes a variety of chemicals and technology to produce these elements, and many critics suggest that the technology and chemicals used by Monsanto are harmful to the customers and create more harm than good. With that being said, Monsanto has to reassure customers that the moral obligation to customers is being fulfilled in a positive way to promote the sale of their products. Moral obligation takes into consideration the customers set

Monsanto has various stakeholder groups all across the globe. The key stakeholders are: members of the global financial community; farmers and other agricultural organizations; Monsanto employees; animal feed producers and distributors; insect/pest control organizations; federal, state and local agricultural, regulatory and environmental agencies; and the list goes on and on (Beyond the Rows, 2012). Monsanto states that their main goals is to provide stakeholders with better information regarding all of their activities and that they are committed to making meaningful strides to report on environmental sustainability performance throughout the world (Beyond the Rows, 2012).

  Corporate social responsibility is a common topic in the world. CSR is a business method that promotes sustainable development by providing economic, social and environmental benefits to all stakeholders.  ⑵（ Andriof

Based on my interpretation of CSR, I see it as a voluntary obligation that companies have promised to their stakeholders to fulfill by improving, or at least not harm, the environmental and social wellbeing. When companies engage in CSR, they voluntarily promise to, for example, carry the responsibility to protect the environment and take actions against bribe or other corruptive activities related to their business. It certainly has some positive influences to specific areas based on my knowledge gained from other classes; nevertheless, when judge CSR in the context of total impacts on our society and environment, it is obvious that CSR has failed its mission to lessen the negative impacts of business based on the evidences that provided by the author. Also, since there is a strong positive relationship between CSR behaviors and consumers’ reactions to a firm’s products and services, it seems to me, now, that CSR for the most companies is just a fancy cover that helps them to create or promote a good image and reputation. The recent case that shows the failure of CSR of Volkswagen even make me believe that CSR programs may be just a marketing or public relation exercise for many

Monsanto is one of the biggest, if not the biggest, manufacturers of genetically modified products, with the majority of their products being crop seed. Due to their area of business, the company has come under much scrutiny in the past as far as ethical responsibility. Their blemished track record has put them in the position of critical evaluation on the topic of overall public and stakeholder interest, relating again to their ethical practices and perceived benefits to the human population. Their focus and direction as a company will be evaluated based upon current and historic examples, as well as overall scientific findings on the topic of genetically modified, or ‘GMO’ seed.

Companies that operate under a moral obligation, have a duty to their stakeholders and society to operate in a morally acceptable manner that is not enforced by laws. Monsanto’s early years saw the development of food chemicals such as saccharine, to industrial commodities such as plastic and synthetic rubber to the dangerous agent orange. As of 1981, Monsanto has transitioned their business from a chemical industry to a biotechnology company focused on modified plant seeds. Monsanto can fulfill their moral obligation by providing a better life for the farmers that use their products while also providing a better-quality food product to the consumer. The seeds have been altered to ensure that the farmers are not taking any crop losses to

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.

Companies, like Monsanto, that offer technology to improve human lives are often said to have a moral obligation to society. I will provide methods via branding and positioning that would allow Monsanto to fulfill moral obligations including protecting the society and environment from the potential negative consequences of its products.

The Monsanto website contains valuable information for investor, employee, and customer stakeholder groups. Along with annual reports and stock performance tabs, the investors section contains a social responsibility and sustainability report. The report contains Monsanto’s sustainability goals of food security through improving harvests and farmers livelihoods. Additionally, Monsanto has an environmental initiative that includes carbon neutrality, resource conservation, greenhouse gas intensity, nutrient efficiency, irrigation efficiency, biodiversity, monarch habitat, and honeybee health (Monsanto Company, 2017). The social responsibility and sustainability report ensures investors, employees, and customers that they are investing, working,

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.

Furthermore, there are several reasons why CSR is critical to modern business such as attracting and retaining employees, attracting socially responsible companies and reducing business costs. To start with attracting and retaining employees, it stimulates workers to increase commitments and productivities. Employees would feel meaningful by working for ethical company. In the second place, it helps to attract socially