Entertainment One PLC Corporate Social Responsibility
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This article discusses the corporate social responsibility initiatives of Entertainment One PLC, including their economic, legal, ethical, and philanthropic responsibilities. It highlights the company's efforts to reduce environmental impact, ensure good governance, promote workplace safety, and support charitable activities.
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Entertainment one PLC corporate social responsibility1 Entertainment one PLC corporate social responsibility Name: Department: School: Date:
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Entertainment one PLC corporate social responsibility2 Introduction Corporate social responsibility is a business approach that helps a company to be accountable for its action in terms of improving itself and the entire community. These actions could include funding nonprofit organizations and putting in place environmentally friendly policies to safeguarding the well being of everyone around (BODDY 2017).These policies affect the company itself, all the stakeholders and the entire public in general. Companies that engage in corporate social responsibility are recognized widely, have a good brand image and a positive reputation in business(Morrison 2016).This makes the company to increase its volume of sales because customers will be loyal to its products and services (Du Bhattacharya & Sen 2010). Archie Caroll’s model is a simplified model that illustrates how an organization should practice its social responsibilities(Carroll 2016).The model gives a priority to the profits of the company followed by the need of company to ensure it complies with the set regulations and laws. It also explains the importance of a company in meeting its ethical duties.The model has four levels of attaining corporate social responsibility which include: the economic level which talks about the profitability of the business. The second level explains the legal responsibility of the company whereby it has to abide by the set laws and regulations(Carroll 2016). The third level is ethical responsibility which discusses about the company practicing ethical and moral values to the society. The last level talks about the philanthropic responsibility of the company. This shows the resources contributed by the company towards social, educational and cultural practices to the community(Needle 2010).This paper is going to use this model to list the activities performed by Entertainment One PLC in relation to Corporate Social Responsibilities.
Entertainment one PLC corporate social responsibility3 Corporate Social Responsibility for Entertainment One PLC Entertainment One PLC takes lead in reporting its activities because it has a critical and valuable role to play in the society. This is because the company understands the importance of corporate social responsibility to the society and its benefits to the organization itself (Blowfield & Murray 2014). Having this in mind the company has the following responsibilities to perform so as to ensure that it is practicing corporate social responsibility which is making it more sustainable. Economic responsibility Entertainment one PLC is working hard to ensure that it reduces the risks it poses to the environment. It does this by ensuring that all its branches have a policy in relation to conservation, recycling and usage. The company takes a keen look at its relationship with key suppliers. It utilizes the given suppliers with frequent environmental aims. The activities of the company do not pollute the environment directly and its management is aiming at reducing the extent to which the company’s operations affects the environment. The areas of influence include energy conservation to increase efficiency and save up on energy, cutting down on harmful emissions and encouraging recycling of waste materials where necessary (Jonikas 2014). A team of Entertainment One Brampton office group took part in Moraine for Life 160km relay in Canada. This was an activity to support the upkeep of the Oak Ridges Moraine. The Canadian team helps a Health for the Individual and the Planet (HIP) committee which provides fitness for employees by educating them on fitness, nutrition, smoking, games and yoga classes. The HIP Committee controls quite a number of initiatives among them an annual community clean up. It also focuses on adopting an initiative to manage office wastes by constructing battery recycling
Entertainment one PLC corporate social responsibility4 centers. The company also encourages its employees to donate blood by bringing Canadian Blood Services bloodmobile at the work premise. Legal responsibility Entertainment one aims at achieving high levels of corporate governance by having well formulated policies that are meant to create good governance in a practical manner (Tricker 2015). The company’s audit committee has scheduled a number of regular meetings to address acquisitions made during the financial year. The executive committee of the company normally reviews risks that face it on a quarterly basis and forwarding the report to the audit committee. The group’s performance relies on its power to recruit and keep quality employees in a competitive work environment (Kolk 2016). Our hiring committee goes through the succession plans for the executives and top management. The committee in charge of remuneration makes sure the remuneration in place matches the succession planning process. In the financial year, the Entertainment One, continuously expanded its internal audit by hiring two managers for internal audits and has effectively implemented the formal audit plan. The company has adopted the London Stock Exchange way of premium listing to ensure effective risk management (Wood & Wright 2015). Ethical responsibility Entertainment one group has formulated a health and safety policy to be used in carrying out its activities in order to meet the legal requirements of the countries it carries out its operations to promote safety. The company ensures that it provides a safe and comfortable work place for its workers, contractors and all other visitors. This is done by performing regular tasks on health and safety measures on the offices and warehouses. Each branch has a selected individual to be in
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Entertainment one PLC corporate social responsibility5 charge of health and safety matters in the work environment. Its services have no harmful effects to its clients and employees. The group has a code of ethical conduct that provides guidance to its employees. It makes them understand how they can deliver desirable ethical standards to the community. The code of conduct also sets the behaviors of employees The Company encourages a work culture that will ensure all employees are aware of the ethical standards and will raise any issues concerning the violation of the code of conduct. Philanthropic responsibilities Entertainment one group offers their support to quite a number of charitable activities in the society which includes both professional companies and not for profit organizations (Lindgreen & Swaen 2010). The company recently collaborated with other charitable organizations in Canada. It managed to raise a total of over $4,000 in a move for the United Way Toronto. The Entertainment one Movember team in Canada raised $10,000 and more than fifty of its employees participated in the CN Tower Climb. The sporting activity managed to raise $12,000 which was used to support children who were victims of cancer. The company also donated non perishable foodstuffs to the Knights Table Food Bank. Entertainment one group partnered with Free the Children in 2014 in a number of events. The group contributed a total of about $60,000 for the organization. The group used the funds that were gathered during the TIFF soccer tournament which is normally held annually to send three representatives from their group to build a school for Free the Children in Ecuador. Since 2007, Entertainment One group has been involved in Habitat for Humanity group activities in Canada. They help in building homes for the less advantaged families. Its employees are given a pay day each year to help them work for a course of their own choice. Entertainment one’s office in the UK contributed approximately $10,000 to a kids company in a challenge to bond teams who work together from all over the
Entertainment one PLC corporate social responsibility6 UK. The employees assisted in teaching Kids Company how to take part in the school of confidence. The company has been handy to very many charities. These examples plus many more provide a clear indication that the company promotes Corporate Social Responsibility.
Entertainment one PLC corporate social responsibility7 References Blowfield, M. and Murray, A., 2014.Corporate responsibility. Oxford University Press. Available from:https://books.google.com/books? hl=en&lr=&id=Xg5pBAAAQBAJ&oi=fnd&pg=PP1&dq=G4S+corporate+social+responsibility &ots=2gcJy16qEu&sig=qlHE_S1U6rfw5ma-JvlfwaQ8DBM, [Accessed on 24 April 2019]. BODDY, D. 2017.Management: an introduction. 7thed, ISBN 978-1-2920-88594. Pearson Press.Available from: https://www.worldcat.org/title/management-an-introduction/oclc/1002846497? referer=br&ht=edition,[Accessed on 24 April 2019]. Carroll, A.B., 2016. Carroll’s pyramid of CSR: taking another look.International journal of corporate social responsibility,1(1), p.3. Available from: https://www.biomedcentral.com/openurl?doi=10.1186/s40991-016-0004-6,[Accessed on 24 April 2019]. Du, S., Bhattacharya, C.B. and Sen, S., 2010. Maximizing business returns to corporate social responsibility (CSR): The role of CSR communication.International journal of management reviews,12(1), pp.8-19. Available from:https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1468- 2370.2009.00276.x, [Accessed on 24 April 2019]. Jonikas, D., 2014. Value created through CSR measurement possibilities.Procedia-Social and Behavioral Sciences,156, pp.189-193. Available from: https://www.sciencedirect.com/science/article/pii/S1877042814059898, [Accessed on 24 April 2019].
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Entertainment one PLC corporate social responsibility8 Kolk, A., 2016. The social responsibility of international business: From ethics and the environment to CSR and sustainable development.Journal of World Business,51(1), pp.23-34. Available from:https://www.sciencedirect.com/science/article/pii/S1090951615000632, [Accessed on 24 April 2019]. Lindgreen, A. and Swaen, V., 2010. Corporate social responsibility.International Journal of Management Reviews,12(1), pp.1-7. Available from: https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1468-2370.2009.00277.x, [Accessed on 24 April 2019]. Morrison, M.J., 2016.The Global Business Environment: Challenges and Responsibilities.4th ed, Palgrave Macmillan, ISBN 978-1-137-48374.Available from: https://books.google.com/books? hl=en&lr=&id=DppMDwAAQBAJ&oi=fnd&pg=PP1&dq=The+Global+Business+Environment +by+Janet+Morrison,+4th+Edition,+Palgrave++Macmillan,+ISBN+978+%E2%80%93+1+ %E2%80%93+137+%E2%80%93+48374- 4)+&ots=GLV64qLNDL&sig=V03EkBT61bYfntLMbhQMO7IEVlA,[Accessed on 24 April 2019]. Needle, D., 2010.Business in context: An introduction to business and its environment. 6thed, Cengage Learning EMEA, ISBN 978-1-4080-9521-8. Available from: https://books.google.com/books? hl=en&lr=&id=kJsDgcqM6tcC&oi=fnd&pg=PR5&dq=Business+in+Context, +An+Introduction+to+Business+and+Its+Environment,+6+th++Edition,+Cengage+Learning,
Entertainment one PLC corporate social responsibility9 +ISBN+978-1-4080-9521-8+&ots=8a7-3WEMeS&sig=_7xnVKX_VodgwSMNxKKkG3eS1kg, [Accessed on 24 April 2019]. Tricker, B., 2015.Corporate governance: Principles, policies, and practices. Oxford University Press, USA. Available from:https://books.google.com/books? hl=en&lr=&id=X4qQBgAAQBAJ&oi=fnd&pg=PP1&dq=corporate+governance&ots=G16Mza 1TbU&sig=FeF-E3-nfaLt5Iob8ITNgV6H-SE, [Accessed on 24 April 2019]. Wood, G. and Wright, M., 2015. Corporations and new statism: Trends and research priorities.Academy of Management Perspectives,29(2), pp.271-286. Available from: https://journals.aom.org/doi/abs/10.5465/amp.2013.0006, [Accessed on 24 April 2019].