Southern Copper Corporation SCC is a majority-owned, indirect subsidiary of Grupo Mexico SA. Grupo Mexico is the fourth biggest copper producer around the world with major copper mining projects in Mexico and Peru. Copper production is the core company business representing 78% of company’s revenues while the balance revenues are generated from excavating other minerals such as silver, Molybdenum and Zinc. 1
The company’s core values constitute - Creativity (new ways of doing things), Honesty (guided by high moral standards), Respect (accept and abide by the law, social standards and principles of nature), Solidarity (Friendly work environment), Laboriousness (Labor is the powerful force for transformation), Responsibility (Accept consequences of our actions).
Although social responsibility is part of Southern Copper’s core values and mission statement, when it comes to company’s core business and copper operations, the company tends to be more reactive.
Concerning corporate social responsibility efforts, Southern Copper invested a lot in community development projects. Implemented sustainability programs covered the following areas:
ENVIRONMENT: Company emphasizes the importance of more responsible water management. As water is a basic supply for mining-metallurgic process, the scarcity of water can limit company’s ability to generate value. To avoid any effect of company operations on the water supply for the local communities and farmers, company participated in important water infrastructure projects such as dams and irrigation canals. Although all published reports suggest that the company exerts lot of effort to mitigate any negative environmental effect as a result of company’s operations, Southern Copper usually reacts aft...
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...istry of mines and energy as authorities expect that startup of new mine project will boost export volumes.
In Jan 2014, Pumping in sea water helped the company to win “social approval” from some of the local residents after meeting with 1500 of the residents, and the project is expected to start operating by 2014. 5
Although southern Copper has a strong sustainability program; company faced suspension and work stoppage several times due to strikes by either labor or local communities. Company should be proactive when it comes to internal dissatisfaction issues. It should do internal research to uncover areas of development. Concerning local community, company should have open communication channels with local community. Further, to avoid any issues post implementation, the company should have a public presentation for the environmental plan before project starts.
In this life it is essential to base your work around your beliefs and to feel passionate about what you do. Then spreading your passion for your work onto others is how you grow as an individual and as a company. Which is what I felt after reading the #1 core value.
There are several core values I appreciate most. The first one that stood out is an adventure, which is defined as “new and challenging opportunities, excitement, risk”. For some people, adventure always represents tough challenges and high risk with low return. They prefer a stable job because they can earn guaranteed wages without
According to the case study, the work of environmental managers often exposes them to many pollution prevention solutions, but they often have trouble getting access to production areas. Production often sees Environmental Managers as "the compliance police". Stakeholders The stakeholders in this case study include the corporation, the community and the countryside.
The first value, integrity, refers to a strong commitment to ethics, having respect for diversity, and speaking positively of coworkers even when they are not around. Accountability puts an end to people diverting blame. If people are accountable for their actions, results become the primary focus. Passion is one of the values, and is practiced by employees having pride in their brand, as well as a passion to continually improve and innovate. Humility is a very important value in that it stresses the importance of admitting to mistakes, realizing that there is constant room for learning, and being willing to be taught....
Values include competence, integrity, objectivity, honesty, loyalty to the employer, responsibility to users of financial...
I believe that core values are essential to construct my character and personality as a leader. My core values that I believe are as follow:
Firstly, I will begin by identifying my core values. These values can be put into two separate groups. Firstly, there are instrumental values: courageousness, intellectualism, and helpfulness. When considering the myriad of ideals, many others were eliminated
The corporate social responsibility is a commitment by a business to contribute to economic development while improving the quality of life for employees and their families’ as-well as contributing to the society. Walmart is a well-known company that offers customers the items they want and need at a low cost, with nearly 4,000 stores in the United States. According to the Fortune 500, Walmart was ranked number 1 in 2015. Just like any other superstore Walmart needs to continue the use of social responsibility by recreating a relationship between business and the community especially if they want to dominate the competition in 2016. The use of sustainability, strategic philanthropy, causing market, shared values, stakeholders and global perspective will help readers understand the purpose of social responsibilities in the corporate world.
Lins, C., & Horwitz, E. (2007). Sustainability in the Mining Sector. Retrieved November 6, 2017, from http://www.fbds.org.br/IMG/pdf/doc-295.pdf
Although I have many core values, including diligence, happiness, helpfulness, true friendship, freedom, and intelligence, the most significant in my life are love, morality, honesty, and forgivingness. Throughout my life, these particular values have proved key to becoming the person I wished to be. “The term leadership involves our self-images and moral codes” (Values in Leadership). In order to lead and to be someone who upholds their values, one must be fully aware of what is important to them and what drives them.
Values remind me of ethics and morals, necessary in any walk of life and imperative in the work place. These concepts are guidelines in which employees need to follow to be successful. “Values represent basic convictions that a specific mode of conduct or end-state of existence is personally or socially preferable to an opposite or converse mode of conduct or end-state of existence.” (Robbins, 136) Integrity, courage, service, wisdom, respect and goal setting are a few of the values that are most crucial to me and what I hope to achieve within any work place setting. Values should be lived every day in the work place and should exemplify the
Green and sustainable companies has made social responsibility an important part of their business models.
My core values will outline all of the decisions that I will come across in my personal life, as well in my career. Being true to my core vales will bring out my true character and keep me motivated. Understanding and living my core values will open the door to more inspiration in my life. Finally living up to my core values allows me, to get more of the right things done and enjoy the journey more.
Core values are principles that can help people know the difference between right and wrong, and help an individual live a better life. These principles define and distinguish a human, and they can be important and influencing one’s decisions in life.
Corporate Social Responsibility is all about the effort that a company applies that might be more what is being required by the environmental protection groups. Also, it is a responsibility that a company should take for its effects on the environment and on an impact for a social well-being. Moreover, Corporate Social Responsibility it is all about the ways that the companies manage with the process of their business which gives a positive influence on the society. Generally, the companies have to give an answer for their operation process such as the quality of their company’s management of the people and also, the quantity of the company’s impact in different areas of the society.