Corporate Social Responsibilities - 2100 Words

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 Th ailand 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 SatoamaShow MoreRelatedCorporate Social Responsibility : Corporate Responsibility773 Words   |  4 PagesCorporate social responsibility may also be referred to as corporate citizenship and can involve spending finances that do not directly benefit the company but rather advocate positive social and environmental change. The soul in the next economy forum presentation made it evident that achieving corporate social responsibly in a company can reap major benefits in terms of finances, more inspiring workplace and customer satisfaction. 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Associations that are near to social obligation issues got toRead MoreCorporate Social Responsibility : Corporate Responsibility2818 Words   |  12 PagesFor the past years, corporate social responsibility also referred, as corporate conscience has been a respected subject for discussion. Corporate social responsibility, unquestionably, contains more viewpoint than simply worried about the ecological impacts of associations. It came in people groups mind at the later 1880, time of essential modern advancement that associations ought to think about the thou ght of social obligation. Associations that are near to social obligation issues got to be worryRead MoreCorporate Responsibility And Corporate Social Responsibility Essay1867 Words   |  8 PagesStevan Jakovljevic Professor Laud MGT 3550 Values, Ethics and Sustainability 10/18/16 Chapter 3: Define corporate responsibility (CSR). Describe the benefits. Why do some executives support CSR while others find it troublesome and argue against it? Corporate social responsibility is what a company uses to self-regulate itself and refers to business practices involving initiatives that benefit society. A business’s CSR can encompass a wide variety of tactics, from giving away a portion of a company’sRead MoreCorporate Social Responsibility And Corporate Ethics1468 Words   |  6 Pagesfact that your business exists in the environment, the responsibility of this depends on many stakeholders, such as local communities, customers, employees and suppliers. On the other hand the way the products are produced and manufactured has a significant impact on the environment. In this context the concept of corporate social responsibility has great relevance for the survival of any business. In corporate terms, social responsibilities promote companies to maintain a closer relationship with