This report evaluates Brico Devices’ Corporate Social Responsibility performance. In particular, it explores the governance of corporate responsibility, which relates to structures and processes through which the company controls and directs its efforts towards sustainability. In order to assess the organization’s impact on society and evaluate its responsibilities, the following key areas must be considered.
i. Supply side relationships
ii. Environmental factors
iii. Community impact
iv. Employee morale
BD needs to strike a balance between the triple bottom line of money, people and care for the environment. CSR is not however, only about protecting the environment, taking ecological accountability into consideration or having a recycling policy, it is also about considering the whole representation of the company. This consideration relates to both internal and eternal processes, and every step a business takes in its day-to-day operations. However, Brico Devices has failed to adhere to these CSR principles.
The purpose of this report is to examine Corporate Social Responsibility issues at Brico Devices. In order to maintain company standards, it is essential to balance the competing priorities of the business while building shareholder value.
Information gathered from interviews and internal company documents is included in this documents and our research and recommendations relate closely to findings we have identified as a result of our CSR audit.
As a result of this investigation, immediate corrective action is required in order to avoid an escalation of the problematic issues. Creating a sustainable future, economically, socially and environmentally requires ma...
... middle of paper ...
...int, as well as ensuring grievances are dealt with independently, timely, and kept confidential.
• Monitor the effectiveness of these steps on a regular basis.
Recycle the waste
• Create a comprehensive Zero Waste Action Plan
• Increase diversion from landfill by increasing utilization of the SMaRT Station
• Divert organic waste from landfill by creating composting opportunities
Use of protective equipment (PPE)
• Establish and consistently enforce a policy requiring the use of assigned PPE.
• Make sure all employees are aware of the rules and the consequences of noncompliance
• Identify hazards and explain how specific PPE is designed to protect against those hazards.
• Make sure supervisors monitor PPE use regularly among all their employees and don 't overlook any noncompliance on the part of any employee for any reason.
(Delete if not required)
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- BACKGROUND According to the audit plan approved by GARC for 2016, an internal audit was undertaken of the IT function in Auckland in April 2016. For KVB Group, most of the IT services are delegated to BancLogix System Co. Limited in Hong Kong, a fully-owned subsidiary of KVB Kunlun Holdings Limited. BancLogix provides both IT operations and application development services for the whole KVB Group. A small IT operation team is based in KVB Kunlun International (HK) Limited to provide an infrastructure level and partial application level support to the listed company and its subsidiaries.... [tags: Audit, Financial audit, Auditing, Access control]
1183 words (3.4 pages)
- The term audit is being used with increased repetition and not just in the financial sector but also in education, medicine and environment among other issues. Audit tries to deliver higher accountability, precision and standards to the users of financial standards, especially since the separation between ownership and management had occurred in the 19th century, and with it the need of the stakeholders of being assured that their investments are in reliable hands. A definition of audit is given by Crawford et al and it signalises the expectation of the users regarding the audit report.... [tags: Audit, Financial audit, Auditing]
1358 words (3.9 pages)
- The purpose of the internal audit is to protect Costco 's assets through evaluating the acceptability and efficiency of internal controls; recognizing areas of possible risk, revenue improvement and/or cost reductions; and making sure transactions are authorized, completed, and logged as proposed. The internal auditors are accountable for guiding audits of all Costco’s local and global activities, its affiliates, and other entities Costco conducts business with as deemed necessary by management.... [tags: Auditing, Internal control, Audit]
723 words (2.1 pages)
- Audit Management I will try to discuss many of the things you will need to know before you start the review process. I know I may not address everything, however, I will ensure that all the inspection reference and policies are available for your review. Reviewing audits will take up the majority of your time; reviewing audit is at the highest priority when it comes all the other duties you will need to perform. IAW AIPH MEMO B13-01 follows a hierarchical process which follows the chain of command.... [tags: Audit, Auditing, Auditor's report]
1734 words (5 pages)
- Not all audit engagements are the same; reviews and financial statement audits provide different scopes and varying levels of assurance. According to the AICPA’s AU-C Section 930, a review is performed to, “obtain a basis for reporting whether the auditor is aware of any material modifications that should be made to the interim financial information.” The PCAOB in AS 4105 also places importance on awareness of material modifications that should be made to financial statements. In their legal defense against a lawsuit from a California bank, Ernst & Whinney accurately stated that, a review is not suitable for “expressing an opinion about whether the financial statements are presented fairly”... [tags: Audit, Financial audit, Auditor's report, Auditing]
878 words (2.5 pages)
- Types of audits in Hospital: • Prescription Audit • Financial Audit • Quality Audit • Mortality Audit • Third Party Audit • Internal Audit • Clinical Audit Different types of auditing are done in the hospitals to check the veracity of the records and to check the adherence of the organisation to the rules laid. Prescription audit: Prescription audit consists of study of the prescriptions that are prescribed by the doctors to study the patterns of drugs prescribed and weather they follow the guidelines that are put forth by the organisation.... [tags: Auditing, Financial audit, Audit]
773 words (2.2 pages)
- A qualified financial statement contains fair representations of an organization 's financial result, condition, and cash flow which is structured to ensure the organization is in compliance with GAAP . In the standard format, an organization should follow accounting principles to comply with internal accounting systems, disclosure rules, auditor oversight, and ethics, in the event, the above-mentioned principle does not meet, an audit failure may occur. An auditor failure may result as the request of clients and senior partners did not stand firm to refuse an unethical request from the clients.... [tags: Auditing, Audit, Financial audit]
726 words (2.1 pages)
- Any company needs to make sure that all the information on the report is true and also accurate, and that it displays the company’s financial situation. So in order to do this, they need someone who has no connection with company’s interest. This is where an auditor comes in to play. The process of making sure that the company’s financial reports are correct is called auditing. An audit is usually done once a year (Epstein, 2014). An auditor will get all the information together that will support any and all evidence and tests and works with them till they get an accurate statement.... [tags: Internal control, Auditing, Audit, Enron]
708 words (2 pages)
- The article I chose summarize and reviewed this weeks was on the effectiveness of using inquiry as a means to gather evidence during an audit. The effectiveness of using inquiry to gather evidence in an audit is highly disputed among the audit and auditee community. The inquiry tactic has many benefits that come from deviating from the standard scripted questions and check box forms, but along with its benefit there is also a downside due to its personnel intensive nature. (Singleton, 2013) The advantages mentioned in this article that come from the use of inquiry during the audit process include being able to use open ended questions for greater evaluations of the interviewee’s comprehensi... [tags: Audit, Financial audit, Interview, Auditing]
780 words (2.2 pages)
- Analysis Due to the lack of qualified and engaged auditors, Ventra Ionia needs to evaluate their current audit program. There are many structures the audit team can take. Does Ventra want to hire a few full-time employees whose only responsibility would be to audit the various processes within the factory. Does Ventra want to conduct an internal auditor training to develop current employees. Does Ventra want to create a partnership with other factories in the area or sister plants to create a co-sourcing or consortium arrangement.... [tags: Auditing, Financial audit, Internal audit]
2333 words (6.7 pages)
- Military Expertise Is The Reason We Win Our Nation 's Wars
- Creating Disease : The Business Of Temporary Fixes
- What Is The Point Of College?
- Why Earth 's Magnetic Shield Matters
- The Universal Understanding Of Health
- Is Altruism The Commonality Between Two Fundamentally And Arguably Different Components? Science And Faith?