Sustainable Resource Management: A Report on Monsanto's Sustainability Approaches

Sustainable resource management

Running Head: Report
Contents
Abstract.....................................................................................................................................2
Introduction about MONSANTO.................................................................................................2
Stakeholders...............................................................................................................................3
Issues and actions.......................................................................................................................6
Triple bottom line or MSDG goals...............................................................................................7
Social and environmental issues using the GRI index.....................................................................8
Recommendations: How do they address Triple Bottom Line?......................................................12
SWOT and TOWS analysis.......................................................................................................13
Strategies, approaches and ethics................................................................................................13
Bad Publicity............................................................................................................................14
Conclusion...............................................................................................................................15
Appendix.................................................................................................................................16
References...............................................................................................................................20
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Running Head: Report
Abstract
This report is based on the sustainability approaches of the company named Monsanto which
is the leader of producing the agricultural products and tools for the farmers and suppliers.
This report outlines the various social and environmental issues faced by the company and
the initiatives taken by the company to handle all these issues. The sustainability report of the
year 2016 has been reviewed to analyse the sustainable development goals of the company
and the approaches used by the company to gain the sustainable competitive advantage. At
the end of the report, some of the recommendations to address the triple bottom line as well
as to address the ethical approaches have been given.
Introduction about MONSANTO
Monsanto is a global modern agriculture company and it is an American based multinational
agricultural biotechnology Corporation having its headquarters at St. Louis Missouri. This
company basically help the farmers all around the world to grow their crops by effectively
utilizing the energy, water and land.
The company believes that innovation has the great potential to bring a balance between the
human beings and sources of our planet. However, the company believes in three core values
which are integrity, respect and transparency. In this company, more than 20000 employees
are working across the world and it is providing its facilities in 69 countries. The company is
committed to a carbon neutral footprint by the year 2021. This company was founded by John
Francis queeny in the year 1901.The company started as manufacturer business
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Running Head: Report
chemicals,and then in the year 2000 to 2009, the company started focusing on the agricultural
field by introducing Chemicals for the agriculture sector. There are many types of products
offered by the company such as crop seed, glyph sate herbicides and row crops. Monsanto is
the first Agriculture company across the globe that introduce the second generation
biotechnology create products and the revenue of the company is around dollar $ 14.64
billion(Mayes, 2010).
Stakeholders
Stakeholders are playing a very important role in running the business successfully. These
stakeholders are affected by the actions of the company. Stakeholders of the Monsanto
Company are customers, investors and shareholders, employees, competitors, suppliers and
government agencies. However, Monsanto Company maintains the ethical culture that
respond to the primary as well as secondary stakeholders. Moving ahead, the marginal,
overlooked and the underestimated stakeholders also identified. Marginal stakeholders are
those which are highly affected by the firm's actions such as employees, investors and
farmers(Monsanto, 2017). Talking about overlooked stakeholders, then there are three types
of stakeholders includes internal stakeholders, customers and external stakeholders. On the
other side, underestimated stakeholders are those which are highly neglected by the company,
but they are important for the actions of company. Some of the stakeholders of Monsanto
Company are mentioned as below:
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Running Head: Report
1. Investors or stockowners:
The below list is the list of top 10 investors of the Monsanto company with the percentage of
the stock and origin. The maximum percentage of the stock is held by the Fidelety
management and research i.e. 9.01%.
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Running Head: Report
2. Competitors
Competitors are also the major part of the Monsanto company and major competitors
analysed for Monsanto Company includes multinational giant Dow chemical
Company(DOW), agricultural genomics firm Evogene Ltd., and seed and chemical supplier
Syngenta (SYT), based in Switzerland.
3. Customers
Monsanto Company has the direct relations with the consumers. The company’s direct
primary customer is the Farmers and agricultural product traders.
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