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(PDF) CSR and sustainable development

   

Added on  2021-05-31

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Running head: ORGANIZATION SUSTAINABILITY AND CSR 1Organization sustainability and CSRNameInstitution

ORGANIZATION SUSTAINABILITY AND CSR2Organization sustainability and CSRSiemens is an automation company whose headquarters are located in Berlin Germany. Itis considered the largest industrial company in Europe, with branches all over the world ("Industrial Manufacturing - Siemens", 2018). The company’s strategy is to have a sustainable plan that every stakeholder takes a personal responsibility for the company’s success. At Siemens, sustainability is a core principle that involves more than utilization of natural resources;it is also comprised of the sustainable development of communities, states, and businesses.CSR stanceSiemens has a Corporate Citizenship whose main purpose is ensuring that the company shall set aside adequate funds to spend on CSR activities as indicated in the 2013 Companies act.All projects of Corporate Citizenship are done using a predefined framework. The first step is conducting a baseline study for initiating any program ("Siemens Corporate Social Responsibility", 2018). For it to achieve the CSR objectives, the company has to partner with other organizations like training institutions, Governments, NGOs and other stakeholders necessary form implementing and facilitating the project. All partners are selected based on the company’s internal policies and the applicable rules and regulations. The progress of all projects towards achieving the preset objectives is measured using key performance indicators. The impact and the relevance of the project are assessed periodically to determine whether the projectis worthy.CSR decisions made by the organizationSiemens has made a decision of fostering a diverse workforce that brings together people with different experiences, skills, and backgrounds. Recruiting different kinds of people can helpto create value and strengthen the company’s sustainability goals. To facilitate progress in the

ORGANIZATION SUSTAINABILITY AND CSR3area of equality, job creation and providing educational opportunities, the role of chief diversity officer is given to a managing board member. The company’s geographic reach facilitates its diversity strategy. Siemens has taken a number of steps to promote and strengthen its workforce’s diversity. These steps involve fostering the value of being global, addressing the issue of unconscious bias, and ensuring an inclusive culture that values the contribution of individuals from different backgrounds. Through the above policies, the company aims to encourage and develop a richly diverse channel of people who are ready to grow within the organization. The Siemens’ sustainable development goals (SDGs) of societies aim to improve the quality of life of everyone by being actively involved in dealing with the economic, social and environmental problems (Marnewick, 2017). The organization impacts SDGs through four important ways; by operating its business responsibly, through the corporate citizenship activitiesand engaging the community, through the company’s products and solutions and through its expertise in leadership. Environmental and social focusSiemens rates its SDGs as either high or medium impact (Marnewick, 2017). The first high impact goal is the company’s commitment to building infrastructure to promote inclusive and sustainable industrialization and set platforms for innovation. To promote the well-being of all people and ensure healthy lives, Siemens provides production technology to pharmaceutical companies.

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