Because of people and environmental damages, attentions were drawn to corporations for ensuring their sustainabilities. John Elkington designed a framework called Triple Bottom Line(TBL) (cite), which allows employees or entrepreneurs to adopt it for evaluating their performances regarding three dimensions people, planet, and profit. Starbucks is one of successful corporations which uses the Triple Bottom Line. The underlying Starbucks’s policy is to "inspire and nurture the human spirit-- one person, one cup, and one neighborhood at a time" ( Herbeck, 2012). The statement which was previously mentioned shows that Starbucks does not solely concentrate upon their profits, but their stakeholders’ well beings and the environment as well.
Medications are used to prevent diseases in the animals and testing is done to ensure that animals are disease free before products go to the consumer. Conventional farming is how most farms farm today because it is more economical for producers and consumers as produce can be produced on a bigger scale to supply global demand. Inorganic is much easier with fewer restrictions, quicker and cheaper to produce. The consumer also tends to steer towards inorganic products as they are easier to find, cheaper and sometimes more nutritional as vitamins have been added. Consumers also claim that it tastes better and has a longer shelf
The packaging of the products is biodegradable. It is one of the fastest-growing companies in the world, and with $100 million in annual revenue, Method proves that socially responsible products can be highly successful. BEAUTY COMES FROM WITHIN: THE BODY SHOP The Body Shop is considered as a pioneer of modern corporate social responsibility as one of the first companies to publish a full report on its efforts and initiatives. The company stands up for causes such as self-esteem, protection of environment, animal rights, community trade and human rights. From sponsoring posters in 1985 for Greenpeace to presenting a petition against animal testing to the European Union with 4,000,000 signatures, The Body Shop has contributed significantly to the causes it supports, and is an example for other companies.
The trees will also contribute to new wildlife habitats, restore water cycles, and rebuild carbon storage. The new trees will help store some of the carbon that was released from the cut down forests. A drawback to this concept is that although replanting trees is good, the lost ecosystems will not be able adapt back after losing their
One of such Fortune 500 companies is, the CVS Health Corporation. CVS is the second largest retail pharmacy chain; the corporation understands the importance of embedding environmental sustainability in every facet of their operations, with the goal of reducing their environmental impacts. To this end, CVS Corporation has made a commitment to shoreline cleanups, the collection of unwanted drugs for proper disposal in various communities across the country, and the recent plan for the corporation to earn a Leadership in Energy and Environmental Design Platinum Certification, for all its stores in the future. Overall, it is befitting to say that being sustainable is a priceless advertisement for a company; and one of the major perks for companies that conserve and renew resources is, enhanced customer loyalty, which usually translates into profitability within the market. References CVS Health.
I currently work at Allstate Insurance, a corporation based out of Northbrook Illinois that is the nation’s largest publicly held personal lines insurer protecting approximately 16 million households from life’s uncertainties through auto home, life and other insurance though its Allstate, Esurance, Encompass and Answer Financial brand names. Allstate is known for its popular slogan “ You’re In Good Hands with Allstate.” The Allstate brand’s network of small business offers auto, life and retirement products and services to customers in the United States and Canada. Every company deal with ethical dilemma everyday but it 2015 Allstate is named one of the World’s most ethical companies that recognizes a organization that has had a significant
STARBUCKS SINGAPORE 1.0 INTRODUCTION Originated in United States (US), Starbucks selected Singapore as the third international market to expand its business in 1996. It offers all-embracing products of coffee, handcrafted beverages, light food, merchandise and consumer products as well as an exclusive Starbucks experience to the customers. Starbucks Singapore prides itself on the 100th store expansion in 2014 (Priscilla, 2014). The company is staying ahead in the Singapore coffee chain industry, yet it is facing numerous emerging challenges in the global competitive environment. 2.0 PESTEL ANALYSIS A PESTEL Analysis is a marketing framework to analyse how an organisation is being impacted by a wide range of external imperatives.
For the purpose of this assignment, the Nestle Company has been chosen. First an overview of its ethical issues shall be presented, followed by the company’s attitude toward corporate governance and its CSR activities shall be discussed. For a brief introduction of the company, Nestle is a Swiss-based, food and beverage producer that is known worldwide. Nestle has existed for more than 140 years. As to this date, with more than 8,000 brands and global sales of over $100 billion the company is the largest food and beverage manufacturer around the world.
Genetically Modified Organisms- Not as bad as you think Genetically modified organisms (GMO) are organisms that are engineered to improve the original organism. Even though genetically modified organisms are seen as harmful to people and the organism, they also improve the organism and can make it better. There are many benefits that most people don’t realize about genetically modified organisms, and I believe that GMOs are good for people, instead of bad. One example of how genetically modified organisms are helpful is that GMOs improve resistance to insects and generate healthier crops. Thus, it helps lower the risk of crop failure and makes crops more resilient to extreme weather (Mandel).
GM crops can be grown on smaller spaces of land, decreasing the pressure placed on the limited space the world has for crops which is already a problem. GM foods can be more environmentally friendly as they require less herbicides and pesticides. Even though there are advantages there are multiple disadvantages which make the decision difficult. They are found to be dangerous to insects which don’t feed on the crops but that are equally important as they play roles in our ecosystem. GM foods can possibly change the field of agriculture.