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Tieto's Corporate Social Responsibility (CSR)

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Introduction

Corporate social responsibility (CSR) is a concept that is applied to businesses that consider the interests of society by taking responsibility for the impact of their decisions and activities on stakeholders that is, customers, employees, communities and the environment.
Definitely, there is general agreement that firms must adopt a wider perspective when setting up their objectives which should not necessary be maximizing profits and expansion. With a view to build a certain goodwill, some businesses want to show a good image to society and this can be done in many ways.
Benefits and drawbacks.
The concept can also be concerned with reasonable wages and job security for employees. On the other hand, there exists firms which …show more content…

They have been a signatory of the United Nations Global Compact principles since 2010, which clearly demonstrates our values in terms of human rights, worker's rights, anti-corruption, and environmental care. This shows that legal responsibility is important at Tieto.
The fundamental principles in the area of anticorruption have been set forth in Tieto’s Code of Conduct. The main objective of the Rule is to emphasize that all business conduct must be honest and transparent. It is the responsibility of the directors, officers and individual employees to comply with the applicable laws. If violations of our Code of Conduct or this Rule are reported or found, necessary investigations, internal or external, are always initiated in order to verify the authenticity of suspicions. In case of identified breaches or misconducts, appropriate disciplinary actions are taken.
The company can also be ethically responsible. Being a participant, Tieto submitted a CR report to the UN in 2011 for the communication in progress (COP). It has been approved and stated that the company complies with the labor, environment, human rights and anti-corruption …show more content…

The company supports a protective approach to environmental defies and a responsible approach of making its business activities. Staffs constantly work on ways to decrease greenhouse gas emissions of their operations.

Conclusion
It can be concluded that corporate social responsibility (CSR) is very beneficial to the community and society but for companies, it demands high investments, time consuming and many resources. Instead in investing in CSR, the companies can choose in improving their own sales and try to solve problem within the company. The companies can use this money to invest in new stocks and equipment.
Economic responsibility is when companies are encouraged to make profits but they have to abide to some rule and regulations which include the health and safety of employees. Ethical responsibility is more about the transparency of the company where fair wages are being paid and they are environmentally friendly. Legal responsibility consist of human rights and workers’ rights. It also follow the law of trades and sales .And lastly, discretionary responsibility includes in giving money as charity, educational help, working to fight poverty and disease around the

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