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Corporate Social Responsibility (CSR) Assignment - Essay

   

Added on  2020-12-18

11 Pages3242 Words192 Views
CORPORATE SOCIAL RESPONSIBILITY:IDENTIFY AND ANALYSE PARTICULARSUSTAINABILITY ISSUES IN THE CONTEXTOF A MULTINATIONAL MANUFACTURINGCOMPANY

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1MAIN BODY..................................................................................................................................1CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................1

INTRODUCTIONCorporate social responsibility is the regulation or framework implied for privateorganisation in order to ensure ethical business practices. Incorporating CSR framework isessential for the business to manage safe and valuable business practices with regard toenvironmental concerns. The essay will outline sustainability issues in multinationalmanufacturing company on the basis of social, economic, and environmental perspective. Theessay will help in developing critical understanding over different issues faced by manufacturingorganisation. MAIN BODYCSR is approach of business which contributes in sustainable management of serviceswith regard to social, economic, and environmental benefits. Implying to CSR is effectiveapproach a it helps the organisation in protecting interest of stakeholders and maintaining ethicsbusiness practices. Social responsibility can be fulfilled by multinational organisation by takeninitiative for sustainable supply chain, business ethics, environment safety, etc. It important forthe multinational organisation to comply with CSR framework as it helps the enterprise inmaintaining employee satisfaction by focusing on human rights, occupational health and safety,and managing diversity at workplace (Wright and Nyberg, 2017). On the other hand, responsibleframework helps the firm in acting ethically, responsible purchasing and providing equal accessto services to consumers. Further, with respect to environment CSR helps the business reducingcarbon footprint and innovating circular economy. Managing sustainability in manufacturingorganisation is a global concern where it is necessary for the organisations to focus on productquality, profits and market share. Sustainability and Corporate social responsibilitySustainable practices in business world are increasing rapidly and aim at meetingchallenges in responsible way. CSR helps the organisation in managing integrity in serviceswhich supports profitability and responsible business practices. It is platform which supportsexchange of ideas of working together and helps the business sin comprehend various issueswhich can restrict growth of firm. According to Brondoni, 2014, it is an inevitable process ofmanaging stable forms of growth and development with regard to changing lifestyle, way ofmanaging business and human civilization. It is necessary for organisation across the globe tofocus on sustainability issues with increasing globalisation because it is the only process which1

ca in maintaining balance between environment and use of resources. The process aims atprotecting environment by focusing exploitation of resources, carbon footprint and unethicalbusiness practices. However, Silvestre, 2015, articulated that sustainability is avoidance ofdepletion of natural resources with the motive of maintaining ecological balance. The scholardiscussed about incorporation of CSR framework which can assist the firms in managingsustainable practices as it focuses on all the issues which are faced by organisation formaintaining ecological balance. There are four dimension of suitable development that is social,environmental, economic and environment where social focuses on equity, health, education,housing, security and population. However, environmental sustainability aims at atmosphere,land, oceans, seas, fresh water and biodiversity. On the other hand, economic sustainabilityfocuses on economic structure and production, manufacturing and consumption patterns. Lastly,institution sustainability is based in institution capacity and framework. Sustainability in multinational manufacturing organisationManufacturing is a continuous process where managing and building is key focus oforganisation which aim at growing to achieve objectives. It goes through continuous changesbecause of invention, innovation and spirit of innovation in global environment. For example,food manufacturing companies undergo tremendous issues like food safety, prices and securitywhich are major barrier to interest of stakeholders (Gregory, Rana and Platts, 2009). Forno andGraziano, 2014, outlined that sustainability is and part of multinational manufacturingorganisation. It is focuses on three approaches that is ecocentric, technocentric andsustaincentric. Sustaincentric in international manufacturing organisation is based on industrialadvancement which helps the firm to grow with conflicting interest of society and industry.Sustainable development with reference to CSR ae focused on financial responsibility, socialresponsibility and environmental responsibility. Sustainability issues for internal manufacturing organisation incorporating safeenvironment polices as per different framework of different countries. The compliance isnecessary and therefore it is important for the firm to ensure restructuring of strategic compliancewith changing framework. For example, manufacturing firm incorporates use of naturalresources for which it is important for the enterprise to focus on environmental policies like useof resources and emission of gases. According to Epstein, 2018, the major environmentalsustainability issue faced by multinational organisation is pollution and disposal of waste. It is2

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