Evaluation of H&M's CSR Policy and Philanthropic Activities
Verified
Added on 2023/01/12
|10
|2287
|40
AI Summary
This case study evaluates H&M's CSR policy and philanthropic activities, including their impact on human rights, range of philanthropic activities, and challenges faced in meeting environmental and sustainability ambitions.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
H&M case study
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Evaluation of H&M policy to have the identification and prevented potential impact on human right.............................................................................................................................3 H&M’s range of Philanthropic activities..............................................................................4 H&M’s CSR policy................................................................................................................5 Challenges faced by H&M in meeting its environmental and sustainability ambitions......7 CONCLUSION................................................................................................................................7 REFERENCES................................................................................................................................9
INTRODUCTION Corporate social responsibility is considered about needs for business developments which is considered to be parts of good corporate citizens.This makes clear sense of involvement over different parts which is beyond the laws requirements in sense of protection of environments along with development of social welfare. This is considered as worldwide acceptedobligationforthebusinessinmodernterms.H&McompanyistheSwedish multinational company which is well known for fast fashion clothing for men, women along with teenagers and children (Song, Wang and Zhu, 2018).The company considered to have the responsibility to corporate sense of brand images.The company has effective development of sustainable policy in order to meet up several commitments. In this report, the will be clear discussion for the case study with reference to the H&M company along with sustainable corporate responsibility. MAIN BODY Evaluation of H&M policy to have the identification and prevented potential impact on human right. As per the notation of the corporate responsibility, there is the consideration of three different approaches which is been used to accomplish the need of confronted managements. The three theoretical approaches to these new responsibilities: 1.Corporate social responsibility (CSR) 2.The triple bottom line 3.Stakeholder theory This corporation have emphasis of both responsibility that is to make money along with interacts ethical manner. The corporate social responsibility have the specific conceptions to profit while playing in broader for considerations of community welfare. The for obligation are such as - Economic responsibility The economic responsibility have obligation towards the business version of survival instinct. As the firm is having the proper valuation's of thevast majority of operations, it terms to have appropriate level of profits. Without them, there’s no business and no business ethics. Human rights have the clear approach over companies to have respects for all human rights which is considered to be the framework. This framework is universally recognized along with
people center approach to companies social and environmentalist aspects. There company have clearly implemented the policy with respective full disclose among the respective supply chain. Thecompanyhasthe1.56millionpeoplewhoareworkingassuppliersalongwith manufacturing facility. The supplier are considered to be frequently monitors which is twice in years.Theindexcodeofconductisbeingusedtohavemeasurementofsustainability performance. The company have believer that the large suppliers will be helpful in placing large orders by ensuring the better level of sustainability (DUWADI and et.al., 2019). The company has the analysis of new market against the human right ventilation before the way of entering in production and sales at respective way. The company is responsible to take the following action in order to became socially responsible are such as - Head audit which is helpful in identifying the issues along with challenges. System analysis which will be helpful in identifying the respective cause roots. Capacity budgeting which will be helpful in remedy root causes along with solving any respective issues. Follow up audits is considered to verifying progress of H&M cooperator with the internationals labor organization. This is extended to the devised code of conducts which clearly contains the employee rights, anti corruption and anti discrimination rules which have promotion of equality and respective fights against the different cases of harassment. The company has the total level of control over the price as it pays to the suppliers by allowing them to pay fair livings along with ages to their respective employees. H&M’s range of Philanthropic activities Philanthropic responsibility . This approach has the contribution to society projects have when they considered to be Independent's in more way to have accomplished for there respective business. The company has proper corporation with governments of government which are such as the Bangladesh, Cambodia, Myanmar and Ethiopia in order to make stronger frameworks which is regarding the minimum frameworks. There is also enforcement for the right to freedom (DAI, 2018).
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
The H&M have proper conduct of training of management systems or employees called GROW. In this there are educations of employee through educations courses or the additional learning.The company also have the bet of employee diversity which is major contribution of 76% are females. The corporate in continuously seeking in to have the new ways in order to build better place to live in. The company is creating better level of opportunities for the employment as it cooperated with UNICEF in the project all for children which is projected in India and Bangladesh. These efforts as about the chance to children to have right for educations about 1.7 million children as the schooling before the age of eight is especially important for the child and for the community. The next is company have organizing of the different course for the cotton farmers in order to have greater understanding on how to grow cotton with smaller environment impacts. In addition to that there is vocational training for the whom in poor countries towards their own business (Park and et.al., 2019.). Thecompanyalsoprovidesone-offmoneydonationsthroughH&MConscious Foundation, for instance to Save the Children or to Rana Plaza Donors Trust Fund. In addition to that the company runs in stores campaign which have involvement of customer which will have donation of their purchase towards the good amount. For example H&M have safe water access to Bangladesh for protection Syria refugee along with donation respective clothes. H&M’s CSR policy Ethical responsibility This is the theory averse consideration of key stone obligation which is considered to e dependents of coherent corporates cultural that view the respective subsensible as the cistern of the jocosity. The H&M is turn to be the players who have the clear working in fast fashion industry business as the development of CSR activities play a major role in formation of image in more perfect manner ( Księżak, 2016). The firm have established the report regarding the social responsibility aspects with name of “Conscious Actions Sustainability Report” which is having around 170 employees are meant to have accurate deal in core development.
The company has the CSR policy have clear level of dependence along with commitments at 7 count that is provided fashion for conscious customers; Choose and reward responsible partners; Be ethical Be climate-smart Reduce, reuse, recycle Use natural resources responsibly Strengthen communities The company has the clear considerations over the stakeholders in sights which have inclusion of the customers, colleagues, communities, suppliers and their employees, industry peers, media, NGOs, IGOs, policymakers and investors. From the year 2020, company have the plan to use the kind of sustainable cotton or clothes which will be also known as the recycle fashion. The garments will be acceptableness into any commuter in exchange of some reweds to customers. The CSR steps have the circular loop which will end the product life cycles as the concept have clears assumption in terms design, raw materiel along with fabric and yarn production, garment production, transport and sales. With next to that another environmental friendly innovation which have take place into the H&M is replacing polyurethane, known as vegan leather, with a water-based substitute. The research and development dept. have continuous testing over the longevity and the durability of fabric as the company is considering itself proud through have proper level of elimination of the hazardous chemical form the respective supply chains. Moreover, this also have major contribution in more way for promoting the responsible behavior in terms of whole industry aspects. The company is considered to be the multinational company which is currently operating in many other counter signature along with involvement of the large community. Hence, it CSR activities can be seen all over the globes (Eliasson, 2018 ). The company have tended to be advised that terr it distention nor produce only the garments but also make a clears assurances over the values which is needed to be accepted and respected throughout the whole supply chains.The firm have the clear chance of implementations the different level of CSR activities in terms of products and process innovation which have the proper generations of earnings along with saving the planets.
Challenges faced by H&M in meeting its environmental and sustainability ambitions. Legal responsibility This is regarding the adheres to have respective rules and regulations which is considered to be a controversialist parts of attainment the subsensible in perfect aspects. The company approval corporation have deeply engaged in the environment protections as the company have faced the challenges such as 1. The fashion model business is considered to be obstacle in being suitableness as it have the clear inclusion of resources usage that is such as like water, energy ans the oil in astounding amount. The company has mitigated the challenge through having proper level of evaluation of climate impacts through the value chain. 2. The company have also encountered the problem with collecting clothing as the product have proper containing the maximum of 20% of the recycles' fabric without hawing proper lessening the quality and durability. H&M can be able to solve this setback through the involvement of technological innovation which is managed to have achievements in 55% decrease in use of water by 56% decrease in energy.That is the reason why the firm wants to have the proper level of mitigation regarding monitoring the second tier suppliers along with trying to communicate a respective responsible behavior for consumers. CONCLUSION Fromtheabovefileitcanbeconcludedthatfirmhavetheclearchanceof implementationsthedifferentlevelofCSRactivitiesintermsofproductsandprocess innovation. This is having inclusion of proper generations of earnings along with saving the planets (Attas and et.al., 2017). Environmental friendly innovation which have take place into the H&M is replacing polyurethane, known as vegan leather, with a water-based substitute. The research and development dept. have continuous testing over the longevity and the durability of fabric.ThecompanyhastheCSRpolicyhaveclearlevelofdependencealongwith commitments at 7 count that is provided fashion for conscious customers. For example H&M have safe water access to Bangladesh for protection Syria refugee along with donation respective clothes. The company is creating better level of opportunities for the employment as it cooperated with UNICEF in the project all for children which is projected in India and Bangladesh. This is extended to the devised code of conducts which clearly contains the employee rights, anti
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
corruption and anti discrimination rules which have promotion of equality and respective fights against the different cases of harassment. Follow up audits is considered to verifying progress of H&M cooperator The company has the analysis of new market against the human right ventilation before the way of entering in production and sales at respective way. The company consideredtohavetheresponsibilitytocorporatesenseasitimages.Beyondthelaws requirements in sense of protection the environments along with development of social welfare as needs for the business developments.
REFERENCES Attas, K. and et.al., 2017. Communication Through CSR: Is It Sustainable?–The Case of H&M.LBMG Corporate Brand Management and Reputation-Masters Case Series. Eliasson, J., 2018. The H&M Group: Enabling the Future: An anthropological discourse analysis of The H&M Group Sustainability Report 2016. Księżak,P.,2016.TheCSRchallengesintheclothingindustry.JournalofCorporate Responsibility and Leadership,3(2). pp.51-65. Park, S.and et.al.,, 2019. The Study of CSR Communication Effectiveness of Fashion Store Design.Journal of the Korean Society of Clothing and Textiles,43(2). pp.274-287. DAI, H., 2018. Strategy CSR brand communication. Fast fashion industry. DUWADI, A. and et.al., 2017. CORPORATE SOCIAL RESPONSIBILITY (CSR). Song, Y., Wang, H. and Zhu, M., 2018. Sustainable strategy for corporate governance based on the sentiment analysis of financial reports with CSR.Financial Innovation,4(1). p.2.