At Kingfisher stores, there are also several practices that have been adopted to safe energy in all its properties. • Replace all the lights for fluorescent tube lights that will consume 51 watts power instead of 58 watts. This will save the company 92200 kWh and 6 450 € by year • The general lighting sales area operate at 50% off before opening and after closing the store to the public. • The heating system is set to 18 degrees instead of 19 degrees • The air condition system is off when the exterior weather is between 19 degrees and 24 degrees • The parking area is illuminated 15 minutes before the opening hours of the stores instead of 30 minutes. Also, Kingfisher brands, as Castorama France, have a dedicated space in the web to inform …show more content…
As mentioned at the beginning of this section, Kingfisher has set a list of objectives to be achievable in the year 2020. To be able to attain these goals it is necessary to establish some indicators, standardize the metrics across Kingfisher brands and set a rigorous, detailed and actionable plan to continuously monitor the accomplishment to the targets set. Furthermore it is also important to measure the social return on investment of the CSR policies and the NET Positive Commercial model. Another big challenge for Kingfisher is its international presence through different markets and implementing the CSR actions in countries where cultures and habitudes are different from one to another. Not only the culture played an important role, but also the political and economical regulations structure for each country makes difficult the establishment of the same policies in an equal way into the other branches. One of the positive things that Kingfisher has embraced is the introduction of the vision of the CSR into the big strategy and plans of the Group and it has been clearly communicated through all possible channels to all kind of employee so they can be aware of …show more content…
By implementing the CSR in its operations it is necessary to review and analyze all its internal processes and improve or restructure them towards a more efficient and better procedures. Thanks to this, there is a major internal knowledge that allows Kingfisher to better manage the business activity by orienting it towards the specific Sustainable objectives. Also, there is decrease in the expenses of the different resources thanks to the best knowledge of the consumptions and the transparency in its
The loss of water to the external environment is a problem that all marine fish must deal with. This is because the water contains a higher concentration of solutes (salt) than the fish does (hyperosmotic to the internal environment). This results in an osmotic gradient in which water is lost from the fish to the environment and ions are gained by diffusion. And so the marine fish must continuously drink water to keep hydrated, while the ions are actively regulated by specialised glands via excretion. This is the case with Harlequin tuskfish, which need to constantly drink water and excrete ions to maintain a stable internal environment. The Harlequin tuskfish, like all marine fish has gills that excrete salt, and a reduced, inefficient (in
Benefits - 1) When the new store opens, they will have to pay rates to
Nowadays, corporate social responsibility (CSR) becomes an integral part of each company. CSR can be understood as a management concept and a process that links social and environmental issues in business operations to a company’s interactions with it’s stakeholders. CSR not only gives the company a chance to help society but also enhances company’s reputation and investors’ attractiveness. In this paper, we will show a brief description about CSR and effects of CSR on international business, including pros and cons when a company applies the CSR program. Besides that, I give my ideas on conflicts of interest beween shareholders and the company’s managers. And then, advantages and difficulties for companies implementing CSR in Vietnam will be defined. Although CSR was first introduced widely in Vietnam many years, it is still a new concept. Therefore, pioneers in this area are facing lots of challenges in running CSR programs in Vietnam.
An important factor for the successful development of a CSR framework at the corporate level is to ensure that the framework can be easily merged with the daily routines of the store. In the Siemens case that was studied in class, putting the company back in order had to start from the corporate level and with the individual in charge of corporation – the CEO. Therefore, in order to implement CSR at the store, the initiative has to come from the corporate level, however the store here in Nanaimo can assume a key role by developing and testing new CSR practices.
The company’s strongest impact and contribution to sustainability lies in the critical parts of their business which leads to the success and diversity of our associates (customers), food safety, health and nutrition, strong supply chain, environmental factors, and community/stakeholder engagement and impact of the people along with the CSR initiatives.
Another key factor of focusing CSR on the employees is by the use of employee surveys and feedback. Cisco takes the surveys and feedback and tries to make meaningful and useful changes the employees are looking for. By making the employees a key part of what makes CSR work at Cisco is it helps keep employees engaged, motivated, and in an innovative environment to achieve personal and corporate success.
wonderful lighting but the main thing is how clean the stores are. Wal Mart stores are housed in
Earlier research by Bhattacharya and Sen (2004) showed that informing stakeholders is the only way to positively influence the attitude and behaviour of stakeholders regarding the organization and its CSR policies and/or business activities. Positively influence of the attitude and behaviour of stakeholders is also important organisations want to attract highly skilled and qualified workers. This is important because “the success of a business ultimately relies on the type of employees who work there (Blackman, 2006, p. 367)”.
One of the biggest sustainable projects Target has initiated is their goal for one-hundred percent of their seafood offerings to be one-hundred percent sustainable and traceable (“2014”). Because Target receives their fish form supplier, they must rely on the suppliers to be able to trace the point of harvest or capture. Target has partnered with FishWise, a nonprofit organization that helps increase the supply of sustainable seafood by providing environmentally friendly tools for the seafood industry (“2014”). In improving their supply chain and process, Target has set goals in adopting more cleaner, fuel-efficient transportation practices. One way they are doing this is strategically selecting locations to open new distribution centers that enable distributors to travel less miles
CSR is a concept where company involves in social and environmental in their business operations. This is done to achieve a balance of economic, environmental and social obligations.in simple terms giving a hand for those who are not capable of achieving with their objectives and attending to them so that they could make those objectives a reality. This could improve organizations cooperate image which would also leads to attain a high market share.
Virakul, B., Koonmee, K. and McLean, G., 2009. CSR activities in award-winning Thai companies. Social responsibility journal, 5(2), pp.178--199.
A corporations CSR should be shaped in order to fit the goals of the corporation, although every corporation’s CSR should differ, since most have different goals and different communities behind them. The CSR should be molded into fitting the corporation’s goals in order to make it easier on the corporation in giving back to the community while achieving its goals. For example, a corporation located in a desert wishes to be more efficient, by reducing water usage it is not only creating lower costs, which result in higher revenue, but also helps the community by not taking up so much water. Taking this into consideration, it is critical that the corporation goals and values are established and clear throughout the corporation, they should be developed by the board or directors and CEO, and the highest managerial level should stress their importance to the rest of the corporation. By making the goals and values at the top branch of the corporate hierarchy, it will be simpler for the corporates community to develop in order to nurture those goals and values. Therefore, a corporation can reach the “shared-value,” a value for both its shareholders and community in a simpler manner that can result benefiting the corporation in the end as well. Throughout the article many examples are given of actual corporations that have benefited and changed their CSR in order to fit their goals, therefore, providing solid proof that these methods work. Nevertheless, as acknowledged by the author’s themselves, most of the corporations taken into consideration where one’s that Harvard CSR students were employed
...oncerns to the forefront of businesses. In this paper I have suggested that business can improve both socially and economically by incorporating and integrating a CSR program, guided by God’s love, into their strategic planning. Strategic planning of CSR creates a mutual beneficial relationship between a community and a business organization. The community wins by having a business that is sensitive to their needs and responsive to their concerns, and the business wins by developing competitive advantage in the market that leads to long-term profitability. A business needs to incorporate God’s love when developing CSR policies in order to maintain the trust and the integrity of the relationship with the community. With solid strategic planning coupled with CSR, businesses can set the direction that provides the greatest benefit to themselves and communities.
...t in becoming more socially responsible corporations. For example, Pos Malaysia through their CSR practices, this corporation had focuses on a dual-pronged approach that is aimed at bringing value to the community and nation at large by the means of enhancing education particularly towards the enhancement of human capital development mainly in underprivileged areas and also Enriching Communities in which Pos Malaysia seeks to promote commerce and entrepreneurship within the communities they serve particularly in rural areas. The above CSR themes are aligned with Pos Malaysia mission to constantly strive to be a caring corporate citizen by supporting nation building and community services. This CSR will focused on the meeting the need and interest stakeholder of an organization by becoming more socially responsible and as well as to improve their image and reputation
In the current time of growth and progression, individuals should know that how a business not only flourish but sustain itself. Making profit is one of the main targets of every corporates but it must not be the only one. When an individual builds a company in order to do business, they should be well aware of their contribution towards the society as well as their business and employees in it. It is total strategy of all. We should be able to realize every increment contributes of it. One of the major factors that affect a business is how well it participates in Corporate Social Responsibility. According to (Werther & Chandler, 2006) corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefits the society. In authenticity, there is a whole lot to argue about it. There are no major guidelines that decides either a business is participating in Corporate Social Responsibility; what might be considered a Business practicing CSR to some, can still not be accepted for it by others. CSR may be restrained a term which his highly flexible. This paper will discuss about Corporate Social Responsibility and its