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Sample Assignment on Business PDF

   

Added on  2021-05-30

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BUSINESSVALUESASSESSMENTREPORTIntroductionFallon (2017) states that corporate social responsibility (CSR) is a practice by a businessorganization to give back to society in different ways other than their usual goods and services.A popular practice contributes to the organizations’ performance, operations and reputation. Inaddition, more than just quality products and services attract consumers and more than half thepercentage of consumers is ready to pay more money just to get products and services frombusinesses that are responsible in terms of social activities and environmental conservationpractices (Hayzlett, 2016). This paper covers the Corporate Social Responsibility reports of twocompanies operating in different countries under the same industry.i)Selected CompaniesCompanies under discussion in this report are The Punjab National Bank (PNB) of India andHSBC Company. Punjab National Bank is a bank based in Delhi, India, although it has branchesin many other parts of the world. It became operational in April 1895 as the first Swadeshi bankever. This company operates under the banking industry in Delhi, India, and it is owned by thestate. The bank has a brand image, which includes 122 years of operation, growing operationalprofit, low deposit charges and more than 10 crore customers. This bank performs severalbusiness activities ranging from collecting taxes, pension schemes, provision of public funds andgovernment saving schemes, among other business activities.Cases of fraud have been reported and drawn attention to this bank. One of them was issuance ofUnauthorized Letters of Undertaking to companies that avail buyers’ credit (Saha, 2018). This isreported to have been done by an employee in collusion with a former employee of the bank.
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BUSINESS ASSESSMENT REPORTHSBC is also a financial institution operating under the banking industry. This multinationalbank is based in Hong Kong, China. It also has other branches around the world, includingNewyork, Paris and London. It was established in 1865 with a purpose of financing tradebetween Asia and Europe. The HSBC is an organization engaging in mainly banking activities inthe banking industry. The services include Global banking and markets, commercial banking,Retail banking and wealth management, and Global private banking. One of the social performance issues reported on HSBC is value creation. The companyacknowledges the importance of providing sustainable value to its stakeholders, but it does notgive a broader explanation of the implementation process (Adams, 2015). ii)Evident Differences in terms of their Social ReportsPunjab National Bank’s social report of the 2016-2017 financial years covers a range of issues.They include sustainability, corporate volunteering, social investments, health, green initiatives,collaboration, and promotion of sports among other initiatives. The major themes evident in this report are social welfare and environmental conservation.According to the report, sustainability is one of the goals the bank is working towards but has notbeen achieved yet. It does not outline ways in which sustainability will be achieved, but ratheracknowledges its importance only. Punjab National Bank also ensures that their staff participatesfully on activities that involve corporate volunteering. The report however, does not illustrate onany volunteering initiatives they have participated so far. The report is brief and with importantdetails omitted.
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BUSINESS ASSESSMENT REPORTIn terms of social investments, the bank has contributed through Farmers’ Welfare Trust, RuralSelf-Training Centers and Financial Literacy and Credit Counseling centers, by funding andfacilitating them. One of the green initiatives facilitated by this bank is environmentalconservation. This is through creating awareness on conservation of water, electricity and paper.Campaigns on rain-water harvesting and environment-friendly constructions have been launched.Wind and solar energy have also been promoted in rural areas. On the other hand, the HSBC Corporate Social Responsibility report covers issues like health,environment, water program, heritage, Malta Foundation and volunteering. It deeply explains theMalta Foundation, which is an initiative by the bank working towards providing quality life andeducation, promoting sustainable environment and preserving its historical heritage. All theactivities by the foundation are covered in details. The tone in this report is clear, confident andconcise. Major similarities in the issues covered are health promotion, volunteering, environmentalconservation and social welfare initiatives. The major difference is the theme of HSBC workingto preserve the Malta’s historical heritage. For Punjab National Bank, the approach of reportingis pathetic since it covers content with very few details. The themes are more future plans thanpast achievements. HSBC gives the reader a clear understanding of all its social responsibilityachievements, activities and plans. iii)Sustainable Development Goals (SDG’S) in the 2 CompaniesSustainable Development Goals are a list of objectives developed by United Nations to beachieved by the year 2030. The main agenda is to transform the world by solving problems faced
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