Corporate Social Responsibility: A Key Activation of Corporate Social Responsibility

CORPORATE SOCIAL RESPONSIBILITY IS A KEY ACTIVITY OF CORPORATE
PRACTICE WORLDWIDE

Table of Contents
Introduction......................................................................................................................................3
Impact of CSR on 3 different companies........................................................................................3
Comparison of CSR practices for all three companies....................................................................7
Influence of the country’s governance system on CSR report......................................................11
Conclusion.....................................................................................................................................14
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Introduction
Corporate Social Responsibility is a self-regulating business model that helps the organisation to
be socially accountable. Adequate Corporate Social Responsibilities are needed to be taken into
consideration for improving social benefits. In addition, CSR related activities help the company
to conduct community services and environmental development based on the requirement of
society. With the assistance of the appropriate CSR report, the market stability of the companies
can be improved. Moreover, the potential market reputation of numerous companies can be
developed in an effective manner.
The study will focus on describing the CSR activities of three companies which operates in three
different countries. In this study, Corporate Social Responsibilities of Tesco PLC, Suning
Commerce Group Co and Woolworths Group will be discussed properly. Tesco PLC is one of
the largest retailing company which mainly operates in the UK and European market. Suning
Commerce Group Co is one of the largest retailing group in China. Furthermore, Woolworth
Group is situated in Australia and has a huge market share in the country. After discussion, the
activities of corporate social responsibility, a comparison between all three companies have been
properly described. Based on the comparison, the most effective CSR policy will be identified in
this study. Finally, the study will focus on evaluating and understanding the influence of country
governance on the CSR policy. In relation to the discussion of country governance, the issues in
the CSR activities will be discussed in this study.
Impact of CSR on 3 different companies
Corporate Social Responsibility is a business model that helps in the self-regulation of the
company and also establishes a social connection with the stakeholders, the public and also itself
within the organization. Corporate Social Responsibility helps the organization to be conscious
regarding the various aspects of society. CSR monitors the environmental, social and economic
aspects of the business (Schrempf-Stirling, Palazzo and Phillips, 2016). Moreover, when an
organization engages itself with the operation of CSR, it signifies that the organization is
enhancing the environment and the social conditions, in which the business is operating, instead
of only providing contributions for the betterment of the society.
Overview of Tesco CSR operations
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Tesco is regarded as the largest food retail organization, that has maintained the quality standard
of its products, and has also retained its customers for a long time. More than two million
customers are served by Tesco every week. The organization has more than 85 stores operating
worldwide. Tesco has implemented a Corporate Social Responsibility statement according to the
strategy and value of the organization. While implementing CSR on its business operations the
company has also considered suppliers, society, property, customers, surroundings, and the
employees (Nyame-Asiamah and Ghulam, 2019).
The major areas in which Tesco focuses on CSR are the society, economy, raising funds and
charities, and the environment. Tesco has conducted Environment awareness campaigns and also
motivated the staff of the organization to indulge themselves in the activities. Tesco has
successfully combined CSR with various resource management. The combined resource
management that has been implemented by Tesco is recycling of bag, controlling the wastes and
emissions (Shaw and Shaw, 2019). Tesco has been successful in establishing a charitable trust,
which has become the equipment of fundraising for the staff. Furthermore, Tesco has also
focused to improve its system of carbon labelling. Carbon labelling helps in measuring the
carbon dioxide emission of other organization which is operating near to Tesco. The operational
process of carbon labelling is a complex process and that has only been accomplished by the
Tesco organization.
Tesco has also implemented a different committee to regulate the Corporate Social
Responsibility operations of the business. The committee of Tesco CSR consisted of cross-
functional executives, and conducted a meeting, four times in a year. The first published CSR
report of Tesco is in the year 2001. In its CSR activities, Tesco supports the local communities
by donating amounts from the pre-tax profits to different charities and other social working
organizations. Funds were also raised for supporting the local communities from the customers
and the employees of the organization. CSR activity which has been undertaken within the
organization is of educating and empowering the workers, as the employees of the organization
made progress in their career. Tesco stores have prevented their employees from joining unions
and also protected their labour and human rights. Employee health and safety is another CSR
activity that has been implemented by Tesco. In 2015, more than 1539 employees of Tesco were
injured and suffered bad health, and that has resulted in the poor work of the business, still, the
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