Othm Level 5 Diploma in Business Management Article 2022

OTHM LEVEL 5 DIPLOMA
IN BUSINESS
MANAGEMENT
SUBJECT: BUSINESS ETHICS
UNIT REFERENCE: L/616/3036

Contents
INTRODUCTION....................................................................................................... 2
TASK 2................................................................................................................ 3
2.1 Analyse the impact of CSR on the business................................................................3
4.2 Assess the potential impact of changes in CSR on business performance............................4
Conclusion............................................................................................................. 5
References............................................................................................................. 6
1

INTRODUCTION
This article will discuss about the different impact of Corporate Social responsibility (CSR)
on business. CSR is about the investments a corporation provides to society through its main
business activities, social investment, and charity initiatives. CSR is gaining prominence for two
reasons: first, businesses are realizing that CSR is critical to their success, and second,
charitable groups require funding, which motivates businesses to engage (Lichtenstein,
Drumwright, & Braig, 2004). In its 2007 financial budget, the Minister of Finance adopted a
legislative policy requiring all registered firms to donate a specific proportion of their book
profit to programs designated by the Government of Mauritius that contribute to the country's
social and environmental development.
Alteo group in Mauritius is selected as the target of this study because they are assisting
education programs in the neighbourhood. In addition, the firm raises donations for needy
children (Alteo, 2018). Alteo continuously analyses and manages the major air pollutants
emitted by industrial facilities. They follow all applicable environmental legislation and
standards in each of the countries where they do business such as Kenya and Tanzania.
A variety of actions in every supply chain have an influence that extends beyond the products
and services that the chain is focused on. Implementing corporate social responsibility
principles is taken into account at Alteo Group to guarantee that supply chain impacts are
minimally negative and maximally good.
2