Analysis of G4S PLC Corporate Social Responsibility Report

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G4S PLC corporate social responsibility1
G4S PLC CORPORATE SOCIAL RESPONSIBILITY
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G4S PLC corporate social responsibility 2
Introduction
Corporate social responsibility
In the contemporary society, customers and workforce are conscious on the companies they are
dealing with when it comes to the environmental matters (Needle 2010). CSR is a developing
business routine that integrates sustainable growth into a firm's business model. It has a positive
influence on economic, social and environmental aspects (BODDY 2017). As the application of
CSR advances, it is becoming vastly crucial to have a socially conscious picture. Workforces,
users, and stakeholders are starting to prioritise CSR when selecting a company or brand
(Morrison 2016). A regular CSR program is a chance for corporations to shows their good
corporate citizenship and safeguards the firm from outsized peril by looking at the whole
environmental and social realm that surrounds the firm. Acknowledging how crucial socially
accountable exertions are to their shareholders, workers, and clients, several firms now
concentrate on a few CSR classes (Du, Bhattacharya & Sen 2010).
Archie Carroll’s concept demonstrates how a company ought to practice CSR. The model
contains four zones which are a definition of CSR which states “CSR comprises the legal,
economic, legal and philanthropic (discretionary) projections that community has of a company
at a given stage in time. The above four responsibilities build a basis that assists in defining some
element and characterising the kind of business accountabilities to the community of which it is
part and parcel (Carroll 2016).
According to the model, economic responsibilities are the fundamental need of existence, and
therefore, the business has financial answerabilities to the public that allowed them to be formed
and upheld (Carroll 2016). On legal accountabilities, the public has recognised minimal
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G4S PLC corporate social responsibility 3
guidelines which corporations are anticipated to work. The rules comprise the protocols and laws
and in effect, deliberate the community's opinion of "codified ethics" (Carroll 2016). Concerning
ethical responsibilities, normative projections of the most communities' hold that laws and rules
anticipate enterprises to operate and ethically action their affairs. Corporate philanthropic
responsibilities comprise all the kind of business donations. Corporate philanthropy adopts
business’s discretionary routine (Carroll 2016). Carroll's model will be used to itemise activities
performed by G4S PLC about CSR. In this paper, four parts will be used to categorise G4S PLC
activities about CSR.
In assessing the rationale for the separation, the G4S PLC’s board of directors (BOD) reflects on
the potential gains to all stakeholders such as employees, customers, communities, and
shareholders in which the firm operates (G4S Integrated Report 2018). The separation ensures
that they create improved strategy, functional and commercial focus and that this has the
prospects to strengthen the innovation, user service and returns. The board is supportive of the
transformation and promote a more thoughtful and organisation-specific strategy to governance.
The board has a crucial role to play in assessing the plans, policy, and performance to warrant
that the company is well ranked to address any changes in a manner that is consistent with good
governance and the stakeholder's interest. The BOD approves and reviews the firm’s CSR
strategy and also commends policies to make sure CSR remain an integral section of the
organisation’s approach. The BOD also monitors compliance with CSR plans through the
organisation and the collaboration of CSR routine within the group's management and strategy
action (G4S plc: Annual Financial Report 2019).
Corporate Social Responsibility for G4S PLC
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G4S PLC corporate social responsibility 4
G4S Company takes the lead in reporting its activities because it has a critical and valuable role
to play in society. It is because the company understands the importance of corporate social
responsibility to the community and its benefits to the organisation itself (Blowfield & Murray
2014). Having this in mind the company has the following responsibilities to perform to ensure
that it’s practicing corporate social responsibilities which are making it more sustainable.
Economic responsibility
Health and well being
G4S is aware that the nature of its work and the workplace environment may become harmful to
the health of its employees, so it has a role to ensure the health and safety of the workplace are
convenient to the workers. The company aims at mitigating the health and safety risks to
promoting security. The company is facilitating safety and health awareness training so that it
supports a safety culture of it and other security firms to attain a goal of no harms (Wood &
Wright 2015).
Job creation
G4S Company has provided employment opportunities to approximately 546,000 people around
the globe. It also creates hundreds of thousands of other jobs through its supply chain to the
entire world (Jonikas 2014). G4S also attracts investors from different firms into new
communities hence raising the living standards of many more people.
Prevention of crime
G4S offers quite a good number of specialist security services that help reduce the risk of effects
of criminal acts and help to promote security among communities. The company addresses
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G4S PLC corporate social responsibility 5
behaviours of offenders and tries to rehabilitate them to bring a positive influence to the
community.
Legal responsibility
G4S is focusing on safeguarding the interests of its stakeholders by complying with the given
legal and regulatory bodies. It abides by set rules from relevant national and international
standards and regulations. All managers should ensure they apply legal advice where necessary
while managing the organisation. They are aware of the set laws in their area of operation. The
company ensures that it provides an accurate representation of the company's financial position
by producing accurate financial reports as a form of compliance with the relevant regulatory
bodies.
Ethical responsibility
Business ethics
G4S has a code of ethical conduct that offers direction to its workforces. It makes employees
comprehend how they can contribute suitable moral standards to the public. The system of
behaviour aligns the set employee's traits. They also comprise a business approach which defines
the firm's ethical guidelines guides its employees.
Human Rights
G4S is playing a decisive role in respecting and safeguarding the importance of human rights
across the globe. The company offers a range of services that contributes to the realisation of the
importance of human rights by protecting people. The company must ensure that it provides
services that do not violate the rights of human beings (Kolk 2016). It also does not
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G4S PLC corporate social responsibility 6
underestimate their customers and suppliers they deal with hence treating them with fairness.
Key stakeholders are looking forward to ensuring that G4S is practicing specific actions that go
hand in hand with human rights that are recognized internationally.
Philanthropic responsibilities
G4S recognises its ability to ensure safety and security everywhere around the world. It is aware
that this ability heavily relies on the people it works together with the community in which it is
operating. The company aims at helping in settling out issues that affect the local communities in
matters related to health, education and the general welfare of everyone in the society. The
company does this by collaborating with charity organisations and other interested partners. G4S
has a good history of investing in the well-being of the people and communities they work with
by providing their services to recognize their importance (Lindgreen & Swaen 2010). The
company is aiming at providing a positive impact in the society it is carrying out its operations.
The social and economic effects of the activities of the company are targeting people beyond the
work environment. It focuses on reaching millions of people around the globe. G4S is supporting
68,000 jobs across the UK which is adding value to the f the UK economy (Khandelwal &
Bakshi 2014).
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G4S PLC corporate social responsibility 7
References
Blowfield, M. and Murray, A., 2014. Corporate responsibility. Oxford University Press.
Retrieved on April 24, 2019 from: https://books.google.com/books?
hl=en&lr=&id=Xg5pBAAAQBAJ&oi=fnd&pg=PP1&dq=G4S+corporate+social+responsibility
&ots=2gcJy16qEu&sig=qlHE_S1U6rfw5ma-JvlfwaQ8DBM
BODDY, D. , 2017. Management: an introduction. 7th ed, ISBN 978-1-2920-88594. Pearson
Press. Retrieved on April 24, 2019 from: https://www.worldcat.org/title/management-an-
introduction/oclc/1002846497?referer=br&ht=edition
Carroll, A.B., 2016. Carroll’s pyramid of CSR: taking another look. International journal of
corporate social responsibility, 1(1), p.3. Retrieved on April 24, 2019 from:
https://www.biomedcentral.com/openurl?doi=10.1186/s40991-016-0004-6
Du, S., Bhattacharya, C.B. and Sen, S., 2010. Maximizing business returns to corporate social
responsibility (CSR): The role of CSR communication. International journal of management
reviews, 12(1), pp.8-19. Retrieved on April 24, 2019 from:
https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1468-2370.2009.00276.x
G4S Integrated Report., 2018. G4S plc Integrated Report and Accounts 2018. Retrieved on
April 24, 2019 from: https://integratedreport.g4s.com/documents/G4S038-Full-Report.pdf
G4S plc: Annual Financial Report., April 2019. Integrated Report and Accounts and Notice of
Annual General Meeting. Retrieved on April 24, 2019 from:
https://www.globenewswire.com/news-release/2019/04/09/1799427/0/en/G4S-plc-Annual-
Financial-Report.html
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Jonikas, D., 2014. Value created through CSR measurement possibilities. Procedia-Social and
Behavioral Sciences, 156, pp.189-193. Retrieved on April 24, 2019 from:
https://www.sciencedirect.com/science/article/pii/S1877042814059898
Khandelwal, M.R. and Bakshi, M.S., 2014. The new CSR regulation in India: The way
forward. Procedia Economics and Finance, 11, pp.60-67. Retrieved on April 24, 2019 from:
https://www.sciencedirect.com/science/article/pii/S2212567114001762
Kolk, A., 2016. The social responsibility of international business: From ethics and the
environment to CSR and sustainable development. Journal of World Business, 51(1), pp.23-34.
Retrieved on April 24, 2019 from:
https://www.sciencedirect.com/science/article/pii/S1090951615000632
Lindgreen, A. and Swaen, V., 2010. Corporate social responsibility. International Journal of
Management Reviews, 12(1), pp.1-7. Retrieved on April 24, 2019 from:
https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1468-2370.2009.00277.x
Morrison, M.J., 2016. The Global Business Environment: Challenges and Responsibilities. 4th
ed, Palgrave Macmillan, ISBN 978-1-137-48374. Retrieved on April 24, 2019 from:
https://books.google.com/books?
hl=en&lr=&id=DppMDwAAQBAJ&oi=fnd&pg=PP1&dq=The+Global+Business+Environment
+by+Janet+Morrison,+4th+Edition,+Palgrave++Macmillan,+ISBN+978+%E2%80%93+1+
%E2%80%93+137+%E2%80%93+48374-
4)+&ots=GLV64qLNDL&sig=V03EkBT61bYfntLMbhQMO7IEVlA
Needle, D., 2010. Business in context: An introduction to business and its environment. 6th ed,
Cengage Learning EMEA, ISBN 978-1-4080-9521-8. Retrieved on April 24, 2019 from:
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G4S PLC corporate social responsibility 9
https://books.google.com/books?
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+An+Introduction+to+Business+and+Its+Environment,+6+th++Edition,+Cengage+Learning,
+ISBN+978-1-4080-9521-8+&ots=8a7-3WEMeS&sig=_7xnVKX_VodgwSMNxKKkG3eS1kg
Wood, G. and Wright, M., 2015. Corporations and new statism: Trends and research
priorities. Academy of Management Perspectives, 29(2), pp.271-286. Retrieved on April 24,
2019 from: https://journals.aom.org/doi/abs/10.5465/amp.2013.0006
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