Analysis of Global Principles in Business Practices Report

This report examines the application of global principles in business practices, focusing on principles 1 and 9, which address human rights and environmental protection. It analyzes the approaches of companies such as Samsung, Wesfarmers, Sinopec, and Amazon, highlighting their strategies for respecting human rights through fair labor practices, safety measures, and stakeholder engagement, as well as their commitment to environmental sustainability through eco-management, eco-design, and the use of sustainable materials. The report also identifies lessons learned from these companies' approaches, emphasizing the importance of environmental conservation, employee welfare, and innovative business practices. Recommendations for businesses include leveraging technology, fostering innovation, and supporting environmental campaigns. The report concludes by discussing the benefits, challenges, and risks associated with implementing these recommendations for key stakeholders.

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Global principle
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Introduction
There are a number of global principles that apply to the way businesses operate with the
regard to the environment and society that surrounds them. In our paperwork, we shall be
discussing only two principles including Principle 1 and 9 that quote that every business should
support and respect the protection of the internationally proclaimed human rights and that they
should also encourage the development and implementation of technologies that are
environmentally friendly respectively. We shall be looking at a number of businesses including
the likes of Samsung, Wesfarmers, Sinopec, and Amazon. For instance, the Amazon company,
which a giant online shopping mall globally respects both the Global Principle 1 and 9 as it has
partnered with indigenous as well as other environmental organizations that protect both the
human rights and the environment.1
Business practices in regards to the Global Principles 1 and 9
Different companies perform various or diverse actions in their day to day life in the
name of running their systems. Looking at a company such as Samsung, it is limiting its actions
in such a way that it does not go beyond the line of respecting both the environment and human
rights2. In regards to principle 1, the company respects the human rights through fair labor
practices, keen on safety and health of its workers, and engaging all stakeholders. The company,
Samsung, also respects the principle 9 through a number of strategies such as eco-management,
eco-design, chemical limitation, and the production of energy-efficient products. It also
incorporates the use of sustainable materials and responsible recycling of its waste products.3
1 AMAZON WATCH » About Us. Amazon Watch. Accessed October 19, 2017.
2 Environment | Corporate Citizenship | Samsung Electronics | About Us | Samsung | Samsung UK." Samsung Uk.
Last modified 2017.
3 Witjes, Sjors, W. J. V. Vermeulen, and J. M. Cramer. "Understanding corporate sustainability integration into
business activities: proposing an holistic, integrative and longitudinal framework." 2015.

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Another company such as the Wesfarmers utilizes its actions towards the fulfillment of
these two principles including the protection of the human rights and the environment too. In
protecting the human rights, the company has fixed the rates of extractives, medical equipment,
and agricultural products in the line that it does not manipulate diverse interests of different
persons. This topic was the hottest one ever reported at its annual general meeting that took place
on the 7th October 2017. The company also respects the other principle through the manufacture
and implementation of the use of environmentally friendly agricultural products.4
Lessons learned from the businesses’ approaches
A number of lessons can be learned from the approaches taken by the above companies.
The first lesson is that every business that is set up with an aim of making from must also be
ready to conserve the environment as it is where the people live in. It should contribute to
various beneficial activities such as recycling of its waste products, produce less polluting
products, and participate in activities that help in the wellbeing of our mother earth.
In addition, the companies must also not exploit its employees but rather serve them
according to the globally implemented human rights. These actions can be done through the well
iinclusion of the employees in their daily operations as well as caring for their health and
working conditions.
Innovative business practices recommendations
Every business regardless of its industry must perform a number of activities that bring
the best in them every day in the business face. These activities include the likes of using
4 Benchmark Report Examines Human Rights Performance of Australian Listed Companies Ahead of Annual
General Meeting Season | Business & Human Rights Resource Centre." Homepage | Business & Human Rights
Resource Centre. Accessed October 19, 2017.

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technology for the purpose of developing the business, including innovation as a leadership
development competency, funding outdoes activities such as the environmental campaign
programs, and recruiting people with creative talents. To add up, they should reward the
employees who perform innovative work in their firms. There are other actions that businesses
can take such as training people to be creative, develop an idea-finding program for its
employees, including innovation in its leadership training programs, and create a review
procedure for the newly developed programs.5
Benefits, challenges, and risks for key stakeholders through the implementation of these
recommendations
There are a number of challenges that the stakeholders will face as new systems come
with a change in the mode of daily operations. The employees, for example, will have to face the
challenge of adapting to the new form of working after the recommendations have been put in
place. However, these recommendations will have diverse benefits such as education to its
members and increase in sales as clients will be happy with the new mode of operation. The risks
that can be encountered include the likes of losing an employee who has been equipped with the
new operating techniques. In addition, the recommendations may fail to work if the employees
find them difficult to understand.6
Bibliography
10 Practices from the Most Innovative Organizations." The Creativity Post. Last modified 2017.
http://www.creativitypost.com/business/10_practices_from_the_most_innovative_organ
izations.
5 10 Practices from the Most Innovative Organizations." The Creativity Post. Last modified 2017.
6 Pinson, Pierre, and Henrik Madsen. "Benefits and challenges of electrical demand response: A critical
review." Renewable and Sustainable Energy Reviews 39 (2014): 686-699.

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AMAZON WATCH » About Us. Amazon Watch. Accessed October 19, 2017. Retrieved from
http://amazonwatch.org/about.
Benchmark Report Examines Human Rights Performance of Australian Listed Companies
Ahead of Annual General Meeting Season | Business & Human Rights Resource Centre."
Homepage | Business & Human Rights Resource Centre. Accessed October 19, 2017.
https://business-humanrights.org/en/benchmark-report-examines-human-rights
performance-of-Australian-listed-companies-ahead-of-annual-general-meeting
season#c163682.
Environment | Corporate Citizenship | Samsung Electronics | About Us | Samsung | Samsung
UK." Samsung Uk. Last modified 2017.
http://www.samsung.com/uk/aboutsamsung/samsungelectronics/corporatecitizenship/env
environment/.
Pinson, Pierre, and Henrik Madsen. "Benefits and challenges of electrical demand response: A
critical review." Renewable and Sustainable Energy Reviews 39 (2014): 686-699.
Witjes, Sjors, W. J. V. Vermeulen, and J. M. Cramer. "Understanding corporate sustainability
integration into business activities: proposing a holistic, integrative and longitudinal
framework." 2015.

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