Corporate Social Responsibility (CSR) and Tesco: A Study on Ethics

Ethics

INTRODUCTION
The concept of decent human conduct and fundamental principles which differentiate in
right and wrong and good and bad behaviour of humans are known as ethics.This study
discusses corporate social responsibility (CSR) and should the companies subscribe to codes of
CSR. In this concern Tesco have been chosen as the company who have subscribed CSR
codes. Company should take responsibility of their employees' welfare, quality of their product
and well-being of those who are company and organisation's customers. Various aspects which
are related to CSR have been included and discussed in this study like subscribing to code of
CSR. Relating various theories of Ethics with CSR decision-making. Lastly, this report also
included various action under CSR taken by Tesco in various areas like employees,
environment, education and social causes so that it can do good for society and its people.
MAIN BODY
Corporate Social Responsibility (CSR)
Corporate social responsibility (CSR) refers to a self-regulating business model. This model
enables companies to be socially accountable to various parts of the society like itself, its
stakeholders, society at large and environment. This model and practice of CSR which is also
known as corporate citizenship companies enables themselves to see what impact they are
making on the society and on the environment and also what they can do better for the society
(Matten and Moon, 2020). To practice CSR refers to operation of the companies in ways that
enhances society and the environment and add value to these. Along with that avoid any
negative impact that company can make on society and environment.
Concept of CSR
From above discussion it has been clear what is CSR this study attempts to throw light
on the concept of CSR and how does it work.

CSR is broad concept and have many forms of it. Rest depends on the industry and
organisation what of CSR they chose. Through CSR activities, philanthropy and volunteer
efforts of the company it can benefit society and environment and along with companies can
also enhance their brand image.
This is important to highlight that as CSR is important for society and community it is equally
important for the Tesco. This is because efforts of CSR and valuable efforts for the benefit of the
society increase and enhance brand value of Tesco (Brown, Goll and Rasheed, 2017). Brand
value refers to value which is given by the people to a particular brand which enables people
and customers to differentiate it from other brand and competitors. Activities of CSR can
develop a strong bond between Tesco and its employees, improves morale of employees and
employees and employer both feels more connected to the world around them.
Companies when consider and think that they should be socially responsible and contribute to
the well-being of the society. For this firstly they need to be responsible towards themselves and
their shareholders. Tesco adopts CSR as its business have grown to a extent that they can give
back to society. Large Corporations like Tesco need to involve themselves in CSR because this
is visible and successful and such corporations have more responsibility to set high standards of
ethical behaviour with peers, competition and industry.
Importance of CSR and whether Tesco should subscribe to CSR codes
There are various reasons which suggest that why Tesco subscribed CSR codes. Some of them
are as follows-
Improved public Image
Tesco subscribed to code of CSR and important reason behind this is that this improves the
image of the company (Blake, 2017). Often companies which are involved in positive and good
activities for the benefit of others are liked by companies. This improves the image of company
in minds of the public who are customers of the Tesco and even those who are not and increase
the chances that these people will be added in the customers of Tesco.