This letter of advice provides the evaluation of both the strengths and weakness of the sustainability and CSR reporting of Tabcorp Holdings Limited (Tabcorp). And triple bottom line reporting is the main criteria of evaluation. The reporting of Tabcorp is analysed in economic, social and environmental performance according to the Annual Report 2016 of Tabcorp. The study finds the company has good reporting in economic and social performance but has bad reporting in environmental performance of the company.
Strengths and Weaknesses of the Sustainability and CSR Reporting
According to the information disclosed in Annual Report 2016 of Tabcorp, this letter has discussed the sustainability reporting of Tabcorp by using triple bottom line reporting
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It also mentions the economic benefit the company has bring to its society, the positive economic impact, and other risks Tabcorp has on its economic environment.
The report listed out the both good and bad performance of direct economic value. For example, Tabcorp reported the increased of 1.5% of group revenues were $2,188.7 million, while, the net profit after tax is downed 49.3% to $169.7 million (Annual Report, p.8). Although the fully franked ordinary dividend of 24% per share is greater than the previous year of 20% (Annual Report, p. 9), the total shareholder return of Tabcorp is sharply decreased from 5.5% in 2016 compared to 50.3% in 2015 (Annual Report, p. 116).
Also, the report provide the disclosure of positive economic impact or benefit to the society. Tabcorp supported the local business that it returned $786.9 million to the racing industry. This fund was the primary source of income of the racing industry and to support the future growth of racing. Tabcorp made a new or extended important partnerships with industry bodies such as Victoria Racing Club, the Australian Trainers’ Association and the National Jockeys Trust (Annual Report,
Social responsibility requires managers to make decisions that positively influence the well-being of, not only their stakeholders, but the community as well (Jones, George, & Haddad, 2016, p. 111). Tentree has taken a proactive approach to the implementation of their corporate social responsibility (CSR) initiative. A proactive approach is demonstrated by a company’s eagerness to do more than the law requires for social responsibility (Jones, et al., 2016, p. 113). The basic social responsibility for a business is to use resources to increase profits without deception or fraud (Jones, et al., 2016, p. 112). Tentree goes beyond this basic social responsibility by being committed to environmental stewardship, sustainability and social responsibility
Complete Name: Unit 6 Student Name: Mallory, Shemaiah ********************************************************************************************************** 1. Conduct online research on Home Depot, including both company and non-company sources. ********************************************************************************************************** 2. In a narrative format, discuss the company from a strategic perspective. Information concerning recent changes in the firm is readily available online and should be accessed.
L. H. Hayward and Company, LLC is a privately-held retailer of packaged dry beans, peas and lentils. It is the largest packager of red kidney beans in the United States and its customer base centers on surrounding states such as Texas, Louisiana, Georgia, Arkansas, Alabama and Tennessee. Its products are found in 12 states within the southern states. The company's trademark brand is the Camellia brand, and this has been in existence since 1947. L. H. Hayward & Co. was founded in 1923 and is located in Harahan, Louisiana.
A SWOT analysis is a tool used to identify its internal strengths and weaknesses, as well as its external opportunities and threats (Kinicki & Williams, 2012). I recently had to complete a SWOT analysis for my program at work. The program I manage is a statewide program that offers advocacy, support, outreach and training to families that have children with a mental health diagnosis as well as those who provide services to them. The following is the SWOT I did for my program:
Company Information Company History In 1921, Colonel William Boyce Thompson founded the Newmont Co. as a holding company to trade private oil and gas, mining, and mineral enterprises. In 1925 the company was renamed Newmont Mining Corporation, when it went public on the New York Stock Exchange. During the first ten years as Newmont Mining, the company focused on investing and trading auspicious mineral stocks, including US copper and gold mines. These investments sustained the company’s success throughout the Depression.
Companies have presented investigations about their motivation towards voluntarily social and environmental as insolvent. This paper argues in agreement with Adam’s view that the goal of CSR reporting is to promote credibility and corporate image of stakeholders operating in a particular industry. Whereas companies must focus their efforts on enhancing their profitability, they should also ensure that the welfare of other stakeholders is protected.
"The Home Depot NYSE: HD, headquartered in Vinings, Georgia, is a home improvement retailer that aims for both the do-it-yourself consumer and the professional in home improvement and construction. It is the second largest retailer in the United States, behind Wal-Mart; and the third largest retailer in the world, behind Wal-Mart and French company Carrefour. The Home Depot operates about 1,900 stores across North America. The company operates stores in the United States (including the 50 states, Puerto Rico, the United States Virgin Islands), Canada, and Mexico. The Home Depot also operates EXPO Design Center stores in select U.S. markets, providing high-end home design products and services. Its 2004 sales totaled US $73.1 billion. It was ranked #13 on FORTUNE magazine's FORTUNE 500 The Home Depot also owns a chain of higher-end home decorating and appliance stores. The Home Depot employs over 325,000 people."
The SWOT analysis: The study of the firm's Strengths, Weaknesses, Opportunities and Threats called SWOT analysis, a key step in flushing out known performance issues that are important to the growth of the organization addressed in the corporation strategic plan. The issues identified in the SWOT analysis help leadership to come up with a plan and strategy to achieve the overall mission of the company (Strategic Planning, n, d). Target Corporation is one of the largest public retailing company in the US having more than 1700 stores serving guests nationwide. Target group and its brand position are evaluated in the market using SWOT analysis.--
What is a SWOT analysis? This concept involves assisting businesses to identify their strengths, weaknesses, opportunities and threats. It is often used to analyze an organization and its environment. Businesses find the analysis useful in assisting them to improve their business, establish goals and objectives.
CSR is one of most important parts of every company. Acting as socially responsible is must for winning the race of competition. In this report, in the 1st part I tried to show a brief about CSR, its history and how people respond towards CSR. Then I have chosen Unilever, a famous FMCG company for the analysis. Then I tried to find out the CSR activities of Unilever all over the world, its corporate strategy and the contribution of CSR activities to corporate strategy. In the last part a SWOT analysis and some recommendations are given for more clarifications. I hope that this report will be able to give a clear view about CSR and its contribution to corporate strategy.
A SWOT analysis of Tesco is an analysis of the strengths, weaknesses, opportunities and threats affecting the company.
The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.
It is important to understand the importance of corporate social responsibilities. If Corporate Social Responsibility is properly maintained and emphasized by companies, it can benefit the society, economy and corporate sustainability. It can also be cost efficient to companies. also the environment . But above all effect (CSR) varies companies to companies. Where some corporates seem to make all sorts of benefits from their coporate social responsibilities but few of them are also having loss by trying to maintain CSR without properly evaluating their resources. (Porter and Kramer 2006) has said The inferences where corporates need to evaluate their CSR actions to figure out if they add
test whatever it's a bad effect or not. So when it used on humans, we
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...