Corporate Social Responsibility

Running head: CORPORATE SOCIAL RESPONSIBILITY
CORPORATE SOCIAL RESPONSIBILITY
Name of Student
Name of the University
Author Note

1CORPORATE SOCIAL RESPONSIBILITY
Table of Contents
Response to question 1:..............................................................................................................3
Response to question 2...............................................................................................................4
Response to question 3...............................................................................................................5
Response to question 4...............................................................................................................6
Response to question 5...............................................................................................................8
Response to question 6...............................................................................................................9
References................................................................................................................................10

2CORPORATE SOCIAL RESPONSIBILITY

3CORPORATE SOCIAL RESPONSIBILITY
Response to question 1:
The two companies selected for the purpose of the study is ANZ and HSBC banks.
The Australian and New Zealand bank also known as the ANZ bank is an Australian bank
with the third highest market capitalization after common wealth bank and Westpac bank in
Australia (Chen et al., 2016). It carries out various financial and banking services across
different countries but its major operations in Australia include retail and commercial
banking facilities. It has achieved the tittle of being the second most sustainable bank in
Australia according to the sustainability index of Dow Jones. The company basically operates
in Australia and New Zealand. There activities include range from insurance and finance,
corporate banking, consumer banking, private banking, investment banking to providing
credit cards, mortgages and other activities (Akhisar, Tunay & Tunay, 2015). However, the
company was faced with certain controversies related to social issues such as allegations was
put against the company that they had funded a Cambodian company that was carrying out
child labor activities. The second company is HSBC bank of UK which is also a
multinational banking company of Britain. The company is the largest in Europe and the
seventh largest in the world. It operates in Hong Kong and UK because these are the home
markets of the company. It operates four banking businesses- investment banking,
commercial banking, wealth management and retail banking and private global banking. The
company has dual stock exchange listings from Hong Kong and New York. However, the
company has been in the news recently due to their unsustainable ways of doing business.
The company was reported to be earning profits through customers who evaded taxes and
other similar clients (Holland, Lindop & Zainudin, 2016). There have been cases related to
money laundering by the company and was sued by many Mexican families who were