The Importance Of Corporate Social Responsibility

The sustainability efforts of Serbia EPS Company are geared towards ensuring the firm is a major player in the country’s electric power industry in order to stimulate and drive the growth of other industries as well as contributing to the enhancement of the entire community. This report provides significant insights that contribute to the development of various recommendations for improvement in relation to corporate social responsibility. Assessment of the Sustainability Report: The development of the sustainability report is based on the premise that the prosperity and growth of Serbia EPS Company is also the prosperity of the entire country. The report contains different segments that are related to the electric power industry of Serbia including cleaner water, air and land, safeguarding cultural and scientific heritage, and the right to decent life. While it focuses on sustainability of the Electric Power Industry of Serbia, the report incorporates several aspects in the overall energy industry in the country.

Other related business strategies such as "Six Sigma" can have the same effect. Hypothesis Development: H1: Lean manufacturing will be positively... ... middle of paper ... ...ste (preferably environmental waste) thus increasing environmental efficiency of the firm.  The paper is very important keeping in fact that it considers Environmental management as a prime factor or driving force for a firm’s efficiency. Presently we could see all the companies are surging towards a greener approach. Companies are trying hard to establish themselves as global environmental friendly firms by different certifications like ISO 14001, etc.

Corporate social responsibility is defined as a business approach which plays a pivotal role in maintaining a sustainable development by delivering economic, social and environmental benefits for all stakeholders. A company can be ethical to a moderate extent as they need to ensure they are meeting the best interest of society in righteously delivering utilitarianism, justice and moral rights. This essay will examine arguments for and against social responsibility such as Sustainability, how businesses take care of the environment and ensure healthy living through implementing eco-friendly initiatives such as big businesses improving performance by using recycled renewable cups which limits plastic waste. This essay will also investigate how companies undertake various challenges which can have an effect on the economy and the world making it unjust such as exploiting children in workforces

INTRODUCTION: Friendly environment is become important for enterprises because of public awareness, government regulations, society and competitors. For this purpose green supply chain process is performing according to standards and rules. Customers are also focusing to purchase those goods which are friendly for environment. Now a days green supply chain management is popular, companies are evaluating their process and convert them in green supply chain. Due to environmental changes and effects of pollution government make tighten rule form companies and industries to remove carbon and defuses.

Executive Summary This report investigates our corporate motivations for the voluntary reporting of MacMillan printing company’s social and environmental reporting. Also it indicates as to why we need to do social and environmental report? The greater recognition and benefits we can achieve through our report against our competitors. Our report is the forum for efficiently sharing, both, internally and externally the success of MacMillan, as well as MacMillan’s understandings of the environment, through social and environmental reporting. Also the form our report should take to do this report for our relevant users.

It is generally about how companies earn their profits. It takes employees of integrity and appropriate organizational structures to realize good CSR strategies. It is a matter of both individual and institutional ethics. It’s amazing how much power a company can have in a community and the national economy. Many large corporations are devoting serious time and money to environmental sustainability programs and various social welfare initiatives that would benefit employees, customers and the community at large.

In the midst of a global ecological crisis, architects and designers are relentlessly pursing design strategies that manage to mitigate the toxic byproducts of our consumption habits, while maximizing our use of sustainable energy sources. Meeting these challenges means more deeply integrating green technologies like wind and solar power, natural climate controls and space age materials into the building processes (Macher). Another reason that green... ... middle of paper ... ...een behavior on the part of occupants is as important, if not more important for certain aspects. As a generation, individuals need to be more aware of green energy and how to save more energy and money by living green. As a society individuals need to make green energy laws at the same time improve the economy.

Corporate social responsibility is and must be applied because it is a strategy essential to a business that wants to succeed in this economy. Corporations have obligations to use their economic power and influence to protect worker welfare and address environmental issues because in the long run, it will be beneficial to the company’s growth.

The agendas and tasks connect to the responsibility of an organization to implement healthy practices that promote environment responsibility and sustainability. From the publishing “What Are The Environmental Responsibilities Of Business?” the author stated “Businesses can additionally commit to environmental sustainability through the supply chain. By ascertaining all or a majority of products utilized by your business are amicable to the environment, you can take another step forward in your environmental sustainability commitment. You can additionally actively seek suppliers who have their own commitment to environmental sustainability. As each business makes their own transition towards a more sustainable supply chain, other businesses will feel pressure to follow suit, engendering a ripple effect throughout the business

The incentives for all of the responsibilities mainly correspond to an increase in the bottom line as well as a healthy public image. Therefore, corporations can choose which one of these responsibilities they value the most and apply that to their business strategy while increasing both the bottom line and public image. Due to their power, corporations have the responsibility to operate in the best interest of their stakeholders, the responsibility to protect the environment they use for earning a profit, the responsibility of acting as a global citizen by contributing to the efforts to stop climate change and lastly, . By respecting all of these responsibilities businesses can provide a boost to their bottom line as well as act as a responsible citizen would do in order to protect our environment.