Within the world of economy, Corporate Social Responsibility (CSR) can be seen as an important element to develop a successful business. There are quite many different definitions of CSR but according to the Department for Business Innovation and Skills (2014) it is the moral obligation of the companies to their stakeholders. Primark is one of the most popular clothing retailers which was founded in 1969, Ireland by Arthur Ryan. As most companies, it also carries out ethical policies to the society. The purpose of this essay is to analyze and to consider about Primark’s duty to suppliers, employees and the environment. Before considering deeply about employees, it is important to notice about its suppliers. According to Primark (2015), each …show more content…
As a staff in Primark, they will be working maximum 48 hours per week. Evidently, Primark states that the workers will be provided 1 day off after 7 days in work and working exceeds 48 hours is unacceptable and illegal (Primark, 2015). Furthermore, child labour is strictly banned in the company according to Primark (2015). Indeed, the employees department surely will not recruit any child and this policies are confirmed by the International Labour Organisation (ILO). Therefore, after 6 months Panaroma’s investigation on BBC, Primark excommunicated with 3 Indian companies because of using children to work (BBC News, 2008). Not only providing those beneficial procedures above, Primark also assures that selling cheap clothes does not mean employees get low paid. In particular, the overhead is being maintained low which enables the labours have the higher …show more content…
According to ABF (2012), Primark introduced the Green Store which reduced the CO2 emissions by 40%. Additionally, it also recycles the store waste such as hangers, cardboard, plastic at Thrapston. As a result, Primark is mainly replacing plastic bags by recycled bags (Primark, 2015). Moreover, Primark co-operates with International Finance Corporation (IFC) and the Partnership for Cleaner Textile (PaCT). These organisations help Primark to improve significantly of the environment in washing, dyeing and printing processes in manufacturing clothes. For examples, the training are provided so that the workers will know how to eliminate chemicals and toxics out of waste water before progress into rivers or oceans (Primark,
The underlying company opened its stores in the United Kingdom and also the headquarter of the underlying company is located in the United Kingdom. Primark offers a variety of products which includes the kids clothing, men’s and women wear, accessories and beauty products, homeware and footwear etc. The main purpose of the underlying company is to sell the products at the lowest cost. The most crucial retailers of the underlying company include H&M and Zara. After the year 2000, Primark expanded its business in the United Kingdom. There are total 179 stores of the company in the United Kingdom. In the year 2006, Primark has joined trade unions and NGOs in order to work on the rights of labour. Primark used the effluent treatment plant that helps the company in eliminating the chemical in the manufacturing process. The waste water is used in the washing of the clothes and dye. The waste water then transferred to the tank and it separates from the dirt and dust. After that air plays a crucial role and it is used in the water in order to mix the water and lower down the temperature of water. In order to increase the Ph of water, a highly liquid is mixed in the water that helps to increase the Ph level of water. Ph is used in order to measure the liquidity and the acidity of water. Also, other liquids can be identified by using the Ph (Fezzi et.al, 2014
Primark, an Irish clothing retailer company was set up and headquartered in Dublin in 1969. Nowadays, there are over 250 stores across the United Kingdom, Ireland, Europe and the United States. Moreover, Primark operates with about 700 suppliers in China, India, Bangladesh, Turkey and Eastern Europe. Primark takes corporate social responsibility for the shareholders, owners, customers, suppliers as well as employees. Corporate social responsibility is that a company not only creates profits for the shareholders, but also undertakes the social responsibility for customers, employees and environment, including complying with business ethics, rights of workers and the rules of environmental protection. In order to develop continuously, corporate social responsibility plays an significant role in a company, which drives stakeholders have reliance on the company. This essay focuses on the ways in which Primark taking its duty to society and the ways in which the company should have done better.
Primark is a subsidiary company and retail division of Associated British Foods. They started Primark in 1969 at Mary Street, Dublin. It is an Irish fast fashion retailer with more than 250 selling space across Austria, Belgium, Germany, Ireland, the Netherlands, Portugal, Spain and the UK. The company is registered and headquartered in the city of Northern Ireland, Dublin. In Northern Ireland, Primark stores are traded with the name of Penneys. They will always follow this ‘Operated by Primark’ that customers can see on their shopping bags. Primark offers a wide variety and deep assortment of products, stocking everything from home ware to womenswear, menswear, accessories, beauty products and confectionary. The products are
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
In Primark, the company follows code of ethics which allows the rule that similar requirement must followed by every suppliers within their supply chain. Moreover, the organization helps and support their suppliers and workers of suppliers to become more productive and efficient that in turn guides the company in achieving cost efficiency and making sure that the company supply higher
No, I think that Primark made a mistake for sacking their suppliers where they could have improved working conditions in India. They are a multi-million company and are known worldwide they had the money to improve working conditions for their workers instead of sacking 3 suppliers, which means that people who were not at any fault had lost their job and couldn’t provide for their families. In my opinion I think Primark could have easily overcome this situation which occurred in June 2008 by improving working conditions, they have gone against the rights of some people as research showed hundreds of people lost their jobs who had a right to be working there and were at no
Large indefinite quantity of the company choose organizational structure because it has a good relationship and company staff and based on many factors linking their size, their geographical distribution and the number of distinct products and services. In Primark, it’s also like to do the same purpose system staffs have coordinated possibility settled on meritorious suppliers are activated moderately, local communities are well-thought-of and supported by Primark, the company takes its state of affairs social control severely.
This report is the continuation of the group power point presentation. I will finish off from the article, mention the impact on stakeholders and how they affect Primark and themselves. I will also suggest how the business could improve on its ethical practices by adding recommendations.
Contents:Introduction: Page 3Product Information and Marketing: Page 4Financial Position: Page 5Financial Performance: Page 6Company Information: Pages 7Consolidated Income Statement: Page 8Consolidated Balance Sheet: Page 9Company Balance Sheet: Page 10Bibliography: Page 11Managerial Finance Report: Primark Stores LimitedIntroductionPrimark Stores Limited is a subsidiary of Associated British Foods PLC, and Primark has become a well established family name in recent years. It has set a benchmark for many companies to follow in a segment of the market labelled the 'value sector'. The company was founded to produce clothing that is value for money, in other words you are paying for the quality of the product and not for the label that come
In United Kindom the economical contribution of the Primark is very important, and the primark followed business rules and regulation.
Primark is a company which sells clothing, accessory, shoes and home products. Its first store opened in Dublin in 1969 and expanded significantly in the later years. In 1973, Primark moved into Great Britain and now have 152 stores in the UK (Primark company website, 2010). Primark as one of the important clothing retailers in the UK, overtaking Asda and became the NO1 low price retailer in 2009 (Hall, 2009).
This is due to the fact that it has been able to attract an assortment of customers to its brand. Primark also boasts of a high number of employees as a major strength. Due to the fact that the company is known for rewarding its employees well for their efforts, most of them put immense effort in their work to ensure the success of the company (Associated British Foods, 2012; Key Notes, 2012). Furthermore, Primark’s strength seems to be guaranteed for a considerable period of time since it is evident that the company has made efforts to ensure improvement of its various products and services. Other strengths associated with the company includes; distinctive products as well as the company’s background, a wide range of strategic moves that the company has made in the future and continues to make even presently, and the company’s indisputable workforce diversity among other strengths (Associated British Foods, 2012; Key Notes, 2012).
ASOS is a UK bases independent online fashion and beauty retailer company that was, launched in 2000 named 'As seen on screen' by Nick Robertson which was then renamed ASOS in 2003. ASOS's H.Q. is Camden Town, at Greater London House. As of 2003,ASOS’s main centre in Barnsley, South Yorkshire where the company has an employed 3,000 staff. ASOS’s Customer Care department, which is based in Hertfordshire.
In today’s world, Corporate Social Responsibility (CSR) has been one of the topics that every company must be concerned with. It is usually viewed as a legal obligation for every company to create social benefits alongside with the profit gains (Peng and Meyer 2011, p.297). CSR is a crucial factor for our society and environment. If there is no campaign to encourage us to save our planet, how can people be aware and know theirs obligation to save the world. This paper will explain the meaning of corporate social responsibility, advantages and disadvantages of CSR through the example of The Body Shop. In addition,
‘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,