Business Ethics, Responsibility and Sustainability

Business Ethics, Responsibility
and Sustainability

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Key challenges in context with Corporate Social Responsibility ( CSR) and Sustainability in
relation to the clothing industry..............................................................................................1
Analyse and explain what you consider to be 'best practice' within the sector, making
references to ethical and moral issues...................................................................................4
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Corporate social responsibility is defined as a self regulating business model that provides
assistance to organisation to perform their business while considering social accountability
towards its stakeholders, public and itself. By undertaking CSR concept into practice companies
can have positive impact upon society and environment. It further benefits entity to boost their
brand value in marketplace (Herrera and de las Heras-Rosas, 2020). As CSR activities provide
assistance to companies to formulate stronger bond between company and consumer. Present
report has been conducted on the clothing industry of United Kingdom which is rapidly growing
over past many years with the use of low manufacturing cost and aggressive marketing
campaigns that been undertaken by organisations in order to improve their sales ratio. In these
report formative discussions has been made on key challenges in context with social
responsibility as well as sustainability related to clothing industry. In addition to this report
include, best practice for respective sector by undertaking moral and ethical issues into
consideration. Lastly in this report recommendation is being provided to respective sector.
MAIN BODY
Key challenges in context with Corporate Social Responsibility ( CSR) and Sustainability in
relation to the clothing industry
It has been identified that there is a competition prevailing in clothing industry to improve
social responsibility and environmental impact. This raise CSR activities consideration intro this
industrial sector. It has been analysed that globalisation also allow industries in this segment to
become more geographically dispersed and offer products and services to different countries and
regions around the world. It is essential for global retailers involved in this sector to emphasize
towards CSR standards in order to ensure proper safety, product quality, sustainability, labour etc
in order to serve society and environment at its best (Sengupta, Blessinger and Yamin, 2020). It
is essential for the organisations who are conducting their services in clothing industry focus
upon CSR concept in order to strengthen their competitive image in national and international
marketplace. However it has been identified that there are different type of challenges that are
being faced by this industry while implementing sustainability and CSR in their workplace
structure.
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Governmental Laws:
There is fierce competition prevailing in clothing industry in which number of
organisations those who offer products and services at low prices in order to gain high profit
margins. In addition to this it has been evaluated that in order to remain in competition
organisations within this industry offer significantly lower cost services to customers over a
period of time in order to bind them towards organisational offerings (Akdogana, Selimoglu and
Turkcana, 2020). This has been evaluated that in order to implement CSR activities and
sustainable practices entity faces number of challenges. In order to overcome this there are
different type of trading agreements, trading contracts between two countries are being
developed and amended by government of United Kingdom in order to ensure that there is
ethical competition in marketplace. Entities nowadays are required to invest CSR and sustainable
practice in order to conducted operations in effective manner. By undertaking governmental laws
and legislations into considerations company can ensure society and environment concerns in an
effective way.
High investment cost:
It has been evaluated that in order to implement CSR practices and social responsibility
into organisational management there is high investment cost required to be made by
organisations operating their services in this sector (Kasemsap, 2020). This act as a major
challenge, it is essential for entities to effectively concern three essential aspect related to CSR
social, economic and environment as to effectively conduct their operations. It has been
identified that it is essential for organisation involved in this sector to regularly engage in the
process of innovation and offer products and services to customers as to be ensure maximum
competitive edge and long-term sustainability this requires high investment by companies.
Sometime it becomes difficult for entries to invest maximum funds on sustainability and CSR
activities. Thus, it is essential for organisations to properly develop and manage their budget in
order to consider each and every factor and ensure maximum profitable advantages.
Increased consumer interest:
Customers are known as king in marketplace. Organisations involved in any sector are
required to understand actual needs and demands of customers and satisfied them accordingly. In
context with clothing industry, customers acts as most essential element for management as they
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