Integrating Bioprocesses into Chemical Production Complexes

Running Head: BUSINESS AND CORPORATION LAW
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Corporate Social Responsibility
1/3/2020
Student’s Name

Corporate Social Responsibility
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Executive Summary
Environment matters to every business in the capacity of an important stakeholder and therefore
the issue of greenhouse gas emission has selected for the discussion under this report. The issue
has become more serious in recent times due to the increase in industrialization and
deforestation. Business operations such as the burning of fuel, oil, and gases release greenhouse
gases. As per the concepts of ethics as well as Corporate social responsibility, it becomes the
duty of businesses to ensure minimize the release of these gases from their business operations.
At the international level, some treaties and agreements such as the Kyoto Protocol and Paris
agreements have been developed to addresses the issue. Considering the targets mentioned under
these documents, businesses of member countries are adopting different practices such as the
adoption of science-based targets and giving additional benefits to customers who adopt similar
practices. Some recommendations have been presented in the report that includes proper waste
management, replacement of traditional light bulbs with CFL and others that are likely to bring a
significant reduction in the gas emission level.

Corporate Social Responsibility
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Contents
Executive Summary.........................................................................................................................1
Introduction......................................................................................................................................2
How the issue has been developed..................................................................................................2
Corporate and other initiatives to respond to the issue....................................................................6
Recommendations............................................................................................................................8
Conclusion.....................................................................................................................................10
References......................................................................................................................................12

Corporate Social Responsibility
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Introduction
The lead objective of commercial businesses is to earn maximum profit and to provide a
satisfactory return to shareholders and investors. Nevertheless, the fact cannot be ignored that
these businesses do not work in a close environment and have many of the stakeholders such as
customers, government, employees, suppliers, business partners, environment, and others. A
business relies on these stakeholders for carrying the commercial activities in an interrupted way.
In such a situation, it becomes the responsibility of each business to consider the interest of all
the stakeholders especially to social elements. The corporate is known as corporate social
responsibility. Similar to this, another concept of good governance is sustainability which
demands business to fulfill today's requirements without comprising the need for tomorrow.
Lastly, business ethics demands each business to adhere to ethical principles in their dealings.
The environment is an important stakeholder, the interest of which needs to be considered and
carried upon by business and the same is related to business ethics, sustainability, as well as
corporate social responsibility.
The issue selected for the discussion hereby is "Greenhouse Gas Emission." In the presented
report, the history of this issue will be discussed in addition to the ethical theories and
sustainability concepts associated with the same. Further corporate initiatives launched to
respond to the issue with reference to business examples shall also frame an important part of the
report and lastly, recommendations shall be presented for the companies.
How the issue has been developed