ipl-logo

JB Hi-Fi Corporate Responsibility

534 Words3 Pages

1.0 Types of Corporate Social Responsibility (CSR)
There are several CSR initiatives that a large retail company, such as JB Hi-Fi (ASX: JBH), should adhere to. The following have been identified as most relevant to the firm.

1. Environmental influence; considers JBH’s ability to operate whilst ensuring long-term sustainability within surrounding ecosystems. For example, disclosing methods involved in minimising energy usage within JBH retail outlets.

2. Human resources; considers the entity’s actions in safeguarding the wellbeing of employees within the company. This could include a statement on the ability of JBH to eradicate discrimination of any groups within the workplace.

3. Contribution of goods sold; reports social impacts of goods …show more content…

Page 14 discloses JBH’s heavy involvement in the preservation of surrounding environments. Page 8 outlines commitment to employee dignity, rights and freedoms within a safe working environment. Finally, Page 15 summarises each community outreach program JBH involves itself in.

The company also disclosed several other CSR initiatives which have been outlined below;

1. ‘Helping Hands’ (Page 15); JBH’s workplace giving program launched in 2008 where employees are able to donate to charities, and JBH provides an equal donation in return. The initiative has since raised $9.1M, indicating a great level of commitment to this venture.

2. Gender diversity (Page 9); the firm engages in regular revision of employee pay to eradicate any gender-based wage gaps that may exist, alongside a series of objectives regarding the percentage of women in the workplace increasing over the next several years; yet again demonstrating great dedication to this initiative.

3. Sustainability (Page 14); JBH also discloses the fact that it annually reports to the Carbon Disclosure Project (CDP), an international not-for-profit designed to report on corporation’s environmental activity. In 2014, the CDP scored JB Hi-Fi a 73 out of 100 in terms of environmental performance; a very strong performance for such a large

Show More
Related

  • H-E-B Background

    552 Words  | 3 Pages

    Within 2003 H-E-B ranked tenth in the nation among the private companies on eleven billion dollars in annual sales. In 2004 H-E-B introduces a new version of H-E-B which is H-E-B plus it just adds a little twist to it it has for example:couches,tv’s,larger baby departments,grill and grilling supplies and expanded party supplies this store was located in San Juan,texas in the same year H-E-B opens a new bakery in Houston and produces fresh breads and produces 153 loaves and 750 buns per minute. During 2005 H-E-B celebrated 100 years of serving Texans,in the same year H-E-B plus opens in three new locations which feature a Texas Backyard garden center. H-E-B with their funds they give five-percent to contribute to charity,public programs.

    Read More

  • JB Hi-Fi Swot Analysis

    128 Words  | 1 Pages

    JB Hi-Fi is an Australian retailer or seller of consumer electronics, as well as a supplier of video games, Blue-rays, DVDs and CDs either second hand or brand new. It is a chain store which its headquarters are located in Melbourne. https://www.jbhifi.com.au/General/Corporate/Consumer-Matters/ Over the years JB Hi-Fi has grown rapidly beginning from just one, JB Hi-Fi now has two hundred and ten stores across Australia.

    Read More

  • Point Park Non-Profit Analysis

    1454 Words  | 6 Pages

    The staff of the non-profit organization and the programs they provide work to help women overcome obstacles in life and obtain employment. The goal of the organization is to help women achieve empowerment,

    Read More

  • Atha Corporation Executive Summary

    791 Words  | 4 Pages

    Executive Summary Here at the Atha Corporation, our main objective goals for the upcoming fiscal year are too; double our sales and increase our consumer market, increase employee productivity among our current employees, and to hire several new employees for each department to add to the sales and productivity for the coming year. The Atha Corporation has secured financial backing from a venture capital firm that will be allocated appropriately amongst each department to aid in the efforts of our future sales goals. Our management team is imperative to the implementation of all new ideas. All department managers are working together in conjunction with the Human Resources Department to ensure the proper management, performance, and moral amongst

    Read More

  • Saint Leo University's School Of Business Common Body Of Knowledge

    4447 Words  | 18 Pages

    Company Background Information The organization is located in Newport News Virginia. The company has 13,000 employees. In the year 2014, the company made a profit of $ 1billion. I am the Human Resource Compensation Representative for the organization.

    Read More

  • Certified B Corp.: How Social Impact Our Business

    505 Words  | 3 Pages

    We work hard to see that their businesses thrive in the current state of philanthropy, and inspire others to action. Attaining our B Corp Certification ensures that every move we make moves us forward in driving (even more) positive impact on our employees, our environment, our community, and of course, our clients! As a member of the B Corp community, we also have a new means of engaging with our clients and delving further into what makes us work so well together - we’re helping some of our clients to explore the possibility of becoming a B Corp

    Read More

  • Internal And External Functional Areas Of East Kent University

    729 Words  | 3 Pages

    Human resources will inform the manager about how happy the workforce is, if the employees are happy they will tell him to keep doing what is going on, but if they staff morale is low the human resources will tell the manager ways on how to improve the happiness of the employees. Advertising – Advertising main objective is to promote the college and to try making sure the students are coming in to fill the guidelines.

    Read More

  • Assess The Impact Of For-Profit Organizations And Their Impact On The Environment And Society

    894 Words  | 4 Pages

    While having high expectations about certain businesses, many consumers understand that most of those companies have an explicit dual purpose: promote a common good in a manner that will help generate more profit and make an enterprise look socially responsible on the market. It is difficult to understand if companies really act out of good will or they just try to look “socially responsible” in the stockholders’ eyes. Thus, it is crucial for people to understand what should be a company’s main priority – generating more profit or caring about being socially

    Read More

  • Tesla Social Responsibility Analysis

    715 Words  | 3 Pages

    Corporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders . The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.

    Read More

  • Jb Hi-Fi Case Study

    1355 Words  | 6 Pages

    Interim Report – Industry and Company Analysis EXECUTIVE SUMMARY Rating Company Date JB Hi-Fi Limited (JBH) 9th March 2015 Consumer electroncics Price at $17.56 JB Hi-Fi is one of the largest Australian specialty retailers of home entertainment products, focusing on consumer electronics, car sound systems, and music and DVDs.

    Read More

  • Walmart Human Resource Management Analysis

    1275 Words  | 6 Pages

    Simply having the right capacity in place to match the development of the company may be the biggest risk Wal-Mart faces. Wal-Mart hires antagonistically from more than 100 universities and targets the colleges with Retail Institutes. People have always been the company’s best asset. Their idea at Wal-Mart is to hire the best, provide the best training and to be the greatest place to work. Strategy 7: How does HR align every functional part with service?

    Read More

  • Supply Chain Video Analysis

    626 Words  | 3 Pages

    In the future, all supply chain need to consider global expansion. Module 8 The goal of most companies is to make profits, but today business people are asked to have some social responsibility. Social responsibility includes ethics, sustainability, and community interactions.

    Read More

  • Business Ethics Case Study: The Johnson And Johnson Case

    1262 Words  | 6 Pages

    Introduction The key ethical issues that were presented in this case study were quality control, lack of customer care, responsiveness, and harming the customer. The Johnson and Johnson case may have been seen as a turning point due to many things the company did right. However, there were many ethical issues in this case which will be explored more throughout this paper.

    Read More

  • Tesla Corporate Social Responsibility Analysis

    713 Words  | 3 Pages

    Corporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders. The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.

    Read More

  • Literature Review On Employee Performance

    1158 Words  | 5 Pages

    1.4.1 Literature Review HRM practices are a process of engaging, motivating, and maintaining employees to ensure the organizational survival (Schuler and Jackson, 1987). According to (Delery and Doty, 1996) HRM practices are prepared and implemented in a way that human capital plays important role in achieving the goals and objectives of the organization. The appropriate use of HRM practices strongly influence the standard of employer and the degree of employee commitment (Purcell, 2003). HRM practices like, training and development, performance appraisal allow the employees to do better in order to enhance the organizational performance (Snell and Dean, 1992; Pfeffer, 1998).

    Read More

More about JB Hi-Fi Corporate Responsibility

Open Document