Ethical Responsibilities of Logging Industry - FNQ Timber Case Study

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Added on  2022/08/28

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Case Study
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This case study examines the ethical responsibilities of FNQ Timber, a lumber milling company operating in Far North Queensland, focusing on its logging practices and their impact. It explores the ethical justification of stakeholders, differentiating between internal and external stakeholders and their influence on the company's corporate social responsibility. The study emphasizes the importance of maintaining agricultural ethics for environmental benefit, adhering to forest regulations, and ensuring the sustainability of local communities. It proposes a survey-based method to measure environmental and economic impacts and reviews relevant legislative regulations, such as the Illegal Logging Prohibition Act 2012. The case concludes with recommendations for sustainable resource sourcing, regular plantation monitoring, and risk perception improvement, alongside a comprehensive reference list.
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ETHICAL RESPONSIBILITIES OF
LOGGING INDUSTRY
- A CASE STUDY OF FNQ
TIMBER
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ETHICAL JUSTIFICATION OF STAKEHOLDERS
Stakeholders are person who affect or are being affected by the
operations in a business
stake holders can be of two types- internal and external
Since they have stake in the company, company looks after their interests
stakeholders boost the corporate social responsibility of a company
the reciprocity urges the company to make ethical decision.
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ETHICAL RESPONSIBILITIES OF FNQ TIMBER
Maintaining agricultural ethics for the environmental benefit
Resourcism”
Making profit without creating damage to the environment
abiding by the forest acts and regulations
keeping in mind the question of sustainability of those
communities who thrives here
Land ethics”
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METHOD OF MEASURING THE EFFECT
Survey
since it is not possible to have a check on the daily working
survey will reflect both the environmental condition as well
as the economic condition
can relate theoretically to the legislative regulations and will
have written evidences
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LEGISLATIVE REGULATION
Illegal logging prohibition Act 2012
Applied throughout Australia
prohibits the use of Timber resourced from unethical and prohibited
resources
As a due diligence Queensland has Plantation Operations code
regulates the commercial activity f timber.
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RECCOMENDATION
Abide by the law and keep a regular track
Source only from sustainable resource
look after the plantation of timber for each deforested plant
survey at a regular basis to see the effects on the communities their
check properly whether their logs are going to any illegal commercial companies
Consolidate and improve the perceptions about risk.
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REFERENCE LIST
Denny, S.G., Silaigwana, B., Wassenaar, D., Bull, S. and Parker, M., 2015.
Developing ethical practices for public health research data sharing in
South Africa: The views and experiences from a diverse sample of research
stakeholders. Journal of Empirical Research on Human Research
Ethics, 10(3), pp.290-301.
Freeman, R.E., 2015. Stakeholder theory. Wiley Encyclopedia of
Management, pp.1-6.
Guan, Z. and Xu, Y., 2018. The policy analysis of governing illegal logging: A
game theory approach. Journal of Sustainable Forestry, 37(7), pp.727-738.
Harrison, J.S., Freeman, R.E. and Abreu, M.C.S.D., 2015. Stakeholder theory
as an ethical approach to effective management: Applying the theory to
multiple contexts. Revista brasileira de gestão de negócios, 17(55), pp.858-
869.
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