Tieto Corporate Social Responsibility Case Study

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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…
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 policies. Complete risk management and ecological business activities are important parts of their ethical responsibilities. Tieto defines Business ethics like preserving sound business activities with the values sketched in their code of conduct policy. They claim to have no tolerance over unethical behavior. The ultimate values concerning anticorruption have been included in Tieto’s Code of Conduct. The major purpose of the Rule is to underline that all business conduct must be honest and clear. It is the responsibility of the owners, managers and individual employees to conform to the laws. If violations of the Code of Conduct have been reported, required investigations, both internal and external, shall be commenced in order to prove the authenticity of doubts. Following acknowledged breaches or unethical conducts, severe disciplinary actions will be taken. The company’s largest involvement in social development arises from organizing innovative IT solutions for their clients. The staffs are devoted to developing organizations and society through…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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