Corporate Social Responsibility and Sustainability in Marks and Spencer

Individual Report and
Reflection
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Table of Content
Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9
Part 2. Reflective report.................................................................................................................10
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INTRODUCTION
This report is divided into two parts as first part is report and second part comprises of
reflection. The first part covers corporate social responsibility and several business practices that
ensure sustainability (Cosenz, Rodrigues and Rosati, 2020). CSR is a positive approach that
tends to attract potential candidate and provide a social way to understand the needs of society as
it provides declaration for respect of human rights. Every company maintain integrity and
honesty that provide a framework of diversity in a workplace as there is no discrimination on the
basis of colour, religion, race and origin. This report is based on Marks and Spencer which is
situated in UK as it deals with several products such as clothing, accessories and other
fashionable essentials. The second part consist of reflection which is based on academic skills
and experience of learners.
MAIN BODY
Sustainable business strategy is understood as the combination of economic and
environmental aspect. The manager also emphasise on the main motive is to make firm’s goals
and planning that create a greater value to a society especially to its stakeholders. The manager
would formulation a strategy and takes an immediate action which ensure that the needs and
requirements of stakeholders are met which create a bright future and help in making best use of
natural resources (Crane, Matten and Spence, 2019). This create a positive impact on a business
as it helps in addressing several problems such as change in weather and climate, inequal
distribution of income and so on. To ensure that business exist for a longer time, it is necessary
that business must possess good financial success so that they could focus more on expansion
and diversification in different parts of country. There are various reasons that sustainability is
necessary so as to ensure long term financial success are presented as follows:
Protect you brand: If there is damage in an organisation due to occurrence of any
incidents would hamper the growth of a firm and result in decline in reputation. The company
must use sustainable energy so as to promote the interest of workers and also it provides several
precaution measures so as to make assurance of safety measures and thus create a peaceful
environment in a workplace.
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To gain competitive advancement: The company would implement a proper recruitment
and selection strategy so as to measure long term success. In relation to this, the human resource
manager would emphasise on hiring and attracting the talented workforce and provide several
financial and non-financial incentives such as bonus and appreciating and recognising their
efforts in order to maximise the job satisfaction level and enhance the greater productivity over a
marketplace.
Cooperative action could facilitate change: Many powerful and innovative company
drive for change so that they could ensure excellent merchandise or services among their clients.
The firm could focus on certain environmental protection measures so that they could generate a
positive reputation across the globe. Moreover, the firm could bring radical improvements so that
they could drive measures for success and help in achieving sustainability.
Therefore, it has been analysed that sustainability is a crucial element for an
organisation’s success and mitigate risk so that it could gain rivalry edge in a marketplace. A
business practice would assist the business to attain their goal in a respective time period which
ensure greater transparency and accountability and brings efficiency and effectiveness in a
business entity (DesJardins, 2016). The companies emphasise on attracting stakeholders such as
investors, board of directors and many more by meeting their criteria and emphasise their
investors to invest more so that they could generate greater return on investments which
improves the overall profitability ratio. To attain sustainability is challenging for top leading
companies so that they could weigh social and environmental issues that create a goodwill for a
company. By looking this awareness, company has developed several corporate social
responsibility programmes which ensure the development of business and provide a mainstream
and direction to them to complete their targets.
Developing sustainable strategy would open doors of business and provide an
opportunity to internal and external stakeholders that provide essential success to business
enterprise. Certain ethics, norms, beliefs and values are reflected in sustainability which help the
firm to bring proper coordination. As there is conservation towards an environmental aspect, so
the firm would focus on measuring going green by minimising the consumption of energy and
recycling waste and reducing cost as such principles would help the company to gain maximum
exposure across the worldwide (Hopkins, 2016). Nowadays, many stakeholders emphasise on
looking sustainability as they lower their emissions and focus on adopting the use of strategy of
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