Assignment on Social Reporting
Added on 2021-05-30
13 Pages2692 Words481 Views
Running head: SOCIAL REPORTING 1Social ReportingNameInstitution
SOCIAL REPORTING 2Social reportingIntroductionA company can be defined as a voluntary association organized and formed to carry on a profitable business. People establish companies with an aim of carrying out business to make profit. Since 1990s, companies are required to be transparent about environmental and social impact of their production and business activities (Zsolnai, 2011, p. 25). This pressure comes from different stakeholders: employees, communities, consumers, shareholders, Non-Government organizations and Governments. This papers looks at social responsibilities of two automobile companies; Mercedes-Benz in Germany and Toyota in Japan.Companies’ descriptionMercedes-Benz is a global automobile company found in Germany. The company traces its origin when Karl Benz created the first petrol-driven car. The company which has its headquarters in Stuttgart Germany is famous for making luxury vehicles. The company main products are: International combustion engines, buses, trucks, and luxury vehicles. The company also offers automobile repair and financial services to their customers. Mercedes-Benz social report indicates that the company has put great emphasis on thesocial issues whereby it ensures that the communities are sustained and benefits from projectsundertaken by the company. The company engages local communities in the projects to ensure successful implementation. The key motives of the company is to improve quality of education, facilitate provision of safe and clean water, improve on communities health and provide improved infrastructure facilities. The company which boost of being an environmentsensitive organization has been keen to give back to the nature. The company’s report indicate that the company has predominantly worked to ensure that it protects the environment in which it thrives.
SOCIAL REPORTING 3Figure 1: Mercedes-Benz free medical camp in IndiaToyota Motor Corporation is a global automotive company with its headquarters in Japan. The company was founded in august 1937 by Kiichiro Toyoda. Toyota Motor Corporation has its headquarters in Toyota, Aichi in Japan. The company which is ranked fifth-largest in the world in terms of revenue employs approximately 365,000 workers worldwide. The company is the world largest manufacturer in the automobile industry with the ability to produce more than ten million vehicles since 2012. The company is the largest listed company in Tokyo japan and the market leader in encouraging its customers to buy hybrid vehicles to minimise on the effect of pollution. The main products of the corporation include: commercial vehicles, engines and luxury vehicles. It also provides leasing, banking and financial services to its customers.
SOCIAL REPORTING 4Figure 2: 220px-Toyoda_Standard_Sedan_AA_1936.The social report by Toyota Motor Corporation indicate that the company has been working hard to contribute to a sustainable advancement of the society. The organization has set traffic safety, education, health and the environment as their priority initiatives in additionto social contribution through their main business. Figure3: Toyota motors workers planting tree in Xiaobazi Township in 2015
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