Ethics and Corporate Social Responsibility of the Corporate Giant Woolworths Group Limited
Added on 2021-04-16
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Running head: ETHICS AND CORPORATE SOCIAL RESPONSIBILITYEthics and Corporate Social ResponsibilityName of the StudentName of the UniversityAuthor Note
1ETHICS AND CORPORATE SOCIAL RESPONSIBILITYExecutive summary This report entails about the corporate giant Woolworths Group Limited operating in Australia.The company aims at providing the customers with sustainably certified products and services toensure that their needs are fulfilled. The company further ensures to perform all its corporatesocial responsibilities to achieve its objectives of a sustainable development, maximization ofprofits and best interest of its stakeholders. Woolworths is associated with variety of humanrights programs and NGOs to ensure society welfare and profit maximization of the company.
2ETHICS AND CORPORATE SOCIAL RESPONSIBILITYTable of ContentsIntroduction......................................................................................................................................3Woolworths: Corporate Social Responsibility................................................................................3Stakeholders.....................................................................................................................................7Environment....................................................................................................................................8Human Rights..................................................................................................................................9Governance....................................................................................................................................10Company Philanthropy..................................................................................................................10Conclusion.....................................................................................................................................10Recommendations..........................................................................................................................11References......................................................................................................................................12
3ETHICS AND CORPORATE SOCIAL RESPONSIBILITYIntroductionThe report is based on the company Woolworths Limited is a major Australian companythat deals with supermarket or grocery store accounting for about 80 percent of the Australianmarket. The company particularly deals with fruit, vegetables, meat, magazines, DVD, beautyand health products, household products, stationery as well as baby and pet supplies. Thecorporate giant operates 1000 stores, 968 supermarkets and 19 additional convenience stores inAustralia. The company aims at delivering best in value, convenience and quality for its customers.The company giant ensures that their sustainability approach has a significant impact on thencommunity, environment and economy of the nation with a view to create a better future. Woolworths: Corporate Social ResponsibilityCorporate social responsibility (CSR) refers to the persisting commitment of anorganization to exhibit ethical behavior and make significant contribution to the economicdevelopment along with an improvement in the quality of the life of the employees and theirfamilies (King and Thobela 2014). The corporate social responsibility of an organization requiresit to focus on not only the economic development and welfare of its workforce but also to ensurewelfare and development of the society and local community significantly. Corporate social responsibility at the Woolworths Group has always been about doingwhat is right. The company believes that profits and growth are not the only means to measurethe success of the company. It significantly depends on the ways in which the operations of theorganizations can have a reduced impact on the environment. The corporate giant strives ensure
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