Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Target Corporation social responsibility
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Target Corporation social responsibility
This report summarizes the results of a review of Target Corporation’s sense of social responsibility as discerned by examining three areas: ethics, social responsibility, and environmental sustainability practices. It presents an overview of Target’s historical and ongoing corporate social responsibility (CSR) efforts, and an evaluation of Target’s CSR efforts based on the corporation's policy, performance stated objectives, key performance measures, and select peers. The report includes recommendations for improvement as well as measures for evaluating improvement. The sources of Target’s policy and performance results are its corporate governance documents and corporate reporting.
Keywords: Target, Target Corp., corporate social responsibility,
…show more content…
This trend still endures to this era with its impact on various areas. For that reason, the company has been escalating and documenting its CSR endeavors for the past several years, progressively increasing its strengths to offset any weakness (Lougee & Wallace, 2008). Target’s policy and practices related to ethics, social responsibility, and environmental sustainability provide an opportunity to get an indication of how it determines and fulfills such obligations, as well as the company’s voluntary self-reporting and corporate communications include a substantial amount of material that can be …show more content…
As part of its discussion of sustainability in that report, Target identified four commitments to sustainability: “sustainable living, sustainable products, smart development, and efficient operations” (Target, 2013, p 13).Sustainability is part of Target’s corporate social responsibility strategy, as demonstrated by ten of its twenty corporate social responsibility goals being bound to sustainability. Two examples of these goals are, “increase ENERGY STAR® certifications” and “reduce waste” (Target, 2015, pp 4-5). As a result, Target introduced its Sustainable Product Index in 2013 “to help establish a common language, definition, and process for qualifying what makes a product more sustainable” (Target,
Our textbook defines corporate social responsibility as “a business's concern for the welfare of society” (Nickels, 102) and that it “goes well beyond being ethical. It is based on a commitment to integrity, fairness, and respect” (102). By performing a social audit they can evaluate whether or not their policies and actions are actually providing the support they’re attempting to
21). Corporate social responsibility (CSR) directly corresponds to one’s organizational culture and the voluntary implementation of these beliefs, expectations and values. It goes hand in hand with their organizational reputability, especially if society benefits from them operating in an economic, social and environmentally sustainable manner (Global Affairs Canada, 2016). Two companies that demonstrate this initiative mindset are Tentree and Nike, yet they execute in completely different manners. On the organizational spectrum Tentree falls under the Social Venture category, meaning they are for-profit but also on focus on issues regarding social equity and environmental sustainability. Their social responsibility initiative is to plant ten trees for every item purchased by individuals on their website, or from retail vendors (Tentree, n.d., para. 1). Nike is categorized under being a Social Purpose Business because it achieves its desired social impact as well as continuous profit (Jones, George, & Haddad, 2016, p. 4). Nike’s social responsibility initiative is to transform production development and manufacturing to overall minimize the company 's environmental footprint (Nike,
Target remains the second largest retailer that falls behind Wal-Mart when it comes to profit in sells. Even though Wal-Mart is the largest in retail, Target has a more successful social responsibility to employees, consumers, and in communities. One of the important factors in being socially responsible for success in business is building a strong standard of ethics for staff
Target is also working consistently to find alternative methods for fuel such as natural gas (Corporate Responsibility Report, 2014). The fourth part is selling and staying in line with their famous tagline, "Expect More. Pay Less." This means that target is constantly looking for ways to lower costs and meet guest standards when they hear that tagline (Corporate Responsibility Report,
According to their 2015 fiscal report Target has specific goals for inspiring wellness, investing in their communities, fostering sustainability, and championing inclusion. Target understands the importance of wellness to their employees and the communities that they service. Donations to local schools and sporting organizations, is important to the communities. Another aspect that Target focuses on is offering a larger variety of healthy food items. The goal for Target was to increase organic food selection by 25% and they were able to surpass that goal and achieve over a 114%
Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications. By incorporating corporate citizenship into the company it is no longer an additional “nice thing to do” or something made to obey laws or regulations. Instead, corporate responsibility has become something business leaders and workforce want to engage in, frequently because executives who believe in the long-term see business profit. The four types of social responsibilities a...
In recent years, companies are becoming socially responsible and now stakeholders almost expect a company to have CSR policies. Therefore, in twentieth century, corporate social responsibility (CSR) became an important development in public life (Barnett, ND).Corporate social responsibility is defined as “the ways in which an organisation exceeds the minimum obligations to stakeholders specified through regulation and corporate governance” (Johnson, Schools and Whittington, N.D cited in March, 2012). Stakeholders can be defined as “those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation depends” (Johnson, Schools and Whittington, N.D cited in March, 2012). There are many purposes for this essay, the first purpose is to descried the key principles of corporate social responsibility and explain their importance for stakeholders. Secondly, is to show how far this company follows those principles in order to be accountable to at least three of its stakeholders. In this essay, three stakeholders, environment, customers and employees will be evaluated respectively and the key principles of the stakeholders will be examined.
McDonalds’ corporation is a leader in the fast food industry. Nonetheless, the corporation website has some drawbacks I terms of detailing the company’s social responsibility statements. As opposed to Starbucks, which delineates in a more precise manner its social responsibility statements, McDonald’s does not show its commitment in a clear way. Here are some of the aspects that were impressive when analyzing Starbucks business ethics and compliance standards of business conduct booklet.
Many vehicle manufacturers have paid more attention on CSR to sustain their business development. Environmental management schemes, green supply chain management and labor codes of conduct are widely recognized and implemented within the industry (Martinuzzi et al., 2011). Automakers also rate it more important comparing to other factors of the company. For instance, the disclosure of the general movement of social and environmental accountability, according to the established opinion leaders in the automotive industry, is increasingly positioned at the forefront of any economy and business context (Russo-Spena et al.,
Corporate Social Responsibility or CSR is defined by McMullan and Cardin as “an organization’s responsibility toward people and the planet, is increasingly seen as an important part of doing business”. Tim Hortons is a successful fast food restaurant chain in North America with over 4,000 stores with the vast majority located within Canada. As someone who has worked at Tim Hortons for the four years, I felt this was a good company to look at more in-depth as I have my own general knowledge and opinions on their current CSR and would like to research the company on a larger scale. This report will be looking at Tim Hortons’ CSR efforts, their target audiences, how their CSR is communicated to their target, any criticism that they have received as a company and my personal opinion of their Corporate Social Responsibility and whether or not I feel that they are succeeding as a company or not.
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.
In 2014, Bank of America established a Global CSR Committee in order to form a discussion concerning developing CSR matters raised by different stakeholders raging from advocates, regulators, and influencers. The committee works towards creating a more transparent and appropriate establishment for today’s world. In addition to that, the committee will work with different groups in order to achieve goals, such as Low Carbon Banking Group, the GWIM Environmental/Social/Governance Council, and the Global Diversity and Inclusion Council (“Bank of America Corporate,” 2013). II. BANK OF AMERICA’S FIVE CORE PRINCIPLES 1) Customer driven 2) Great place to work 3) Manage
An organization’s Corporate Social Responsibility (CSR) drives them to look out for the different interests of society. Most business corporations undertake responsibility for the impact of their organizational pursuits and various activities on their customers, employees, shareholders, communities and the environment. With the high volume of general competition between different companies and organizations in varied fields, CSR has become a morally imperative commitment, more than one enforced by the law. Most organizations in the modern world willingly try to improve the general well-being of not only their employees, but also their families and the society as a whole.
One of Target’s goals is to provide more organic foods. Target is aware of how society is shifting their interest towards organic foods and health. Another one of Target’s goals is to reduce water waste by 10 percent in 2015, whih was met in 2014 by 13.1% (Target Corporate). The company is aware of the possible damage that water waste can cause to the environment and is actively working to prevent them. So far, Target has not had much attention surrounding their social responsibility, but there was one incident in December of 2013 where data of at least 70 million customers were leaked (Target Corporate). This breach allowed criminals to access credit card and debit card information. There is an entire FAQ page on the corporate website answering any questions or concerns that customers may have. Target has recently agreed to a $10 Million settlement in the lawsuit that came after the data breach, in which people will have to provide proper documentation showing their losses during the hack (Parks). Despite this compensation, some customers may not be comfortable shopping at Target
Now-a-days it is considered that CSR is one of the major concerns of organization’s business ethics. Companies increasingly increase their corporate social responsibility (CSR) and ethical management accepting the positive impact on the bottom line. The vast bulk of Standard & Poor’s 500 companies publish sustainability reports unfolding their program challenges and achievements. These pre-emptive efforts can pr...