Corporate Responsibility and Sustainability Challenges in the Food Industry

UGB264 Business Ethics
Responsibility and
Sustainability

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................4
CONCLUSION..............................................................................................................................10
REFERENCES................................................................................................................................1

INTRODUCTION
Corporate social responsibility is a concept of the management following which the
company merges their concerns on the grounds of society and environment in the business
operations and stakeholders’ interactions. Sustainability refers to the use of such materials and
employment of such processes that cause minimal or no adverse effects to the environment.
There is a link between CSR and sustainability. All the processes that are adopted by the
companies as a part of their sustainable approach helps it fulfilling its CSR. The current report
will discuss the challenges that corporates existing in food industry face in meeting its corporate
responsibility and sustainability. Further the report will analyse and explain the best CSR
practices. Lastly recommendations will be included in the report for businesses showing that by
taking global considerations into account they are more responsible.
MAIN BODY
Examining and critically discussing the key challenges of corporate responsibility and
sustainability relating to Food Industry
Sustainability in business means ensuring that the all the processes of the business are
done keeping care for environment as a priority. Sustainability is its broader context includes
care for workers, inclusion and support to diversity, and avoidance of any kind of discrimination
at all the levels of organization (Panait and et.al., 2020). In today’s world of businesses almost all
the strategies revolve around assuring these areas. Corporates all over the world are on a mission
to fulfil this responsibility. There are a number of approaches that are followed by corporates to
fulfil their responsibilities towards the society. But the best way for understanding and
implementing the concepts of CSR is setting up of goals for developing sustainably.
The concept of corporate social responsibility emerged with the industrial revolution in
nineteenth century beginning. In the food industry CSR means going beyond the aim of
maximizing the profits. the industry should not only focus on earning increase in profits but also
over the wellbeing of society. It is the voluntary action of corporates and not their primary duty.
For the making of established business, it is necessary to work in accordance to the factors that
are not included in the traditional theory of economics (De Olde and Valentinov, 2019). Some
companies consider it as wasteful activity but in long term it is useful to have sustainable profits.
the companies that operates with the objective to do all such activities that will make them
successful to increase their profits results in inclusion of social welfare in their practices. The