Preview

Socially responsible companies

Satisfactory Essays
Open Document
Open Document
336 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Socially responsible companies
Starbucks Corporation
 Since implementing its supplier social responsibility standards in 2006, Starbucks has engaged in more than 500 factory assessments and continues to work with more than 70 factories on improving their social and environmental standards.
 As part of its 2015 global-responsibility goals, Starbucks aims to volunteer one million community service hours globally.
 Starbucks has achieved LEED certification for 116 stores in 12 countries, with 69 per cent of company-owned stores built to achieve certification in 2012.
General Electric Company
 In 2013, introduced its “GE 2.5-120” wind turbine prototype, reportedly the world’s most efficient wind turbine. The turbine uses industrial Internet to manage the variability of wind, providing smooth predictable power.
 Donated $4 million to the Robin Hood Foundation for hurricane Sandy relief efforts and a further $1.1 million to the American Red Cross Disaster Relief Fund and United Way of America to support related efforts.
Zara (Industria de Diseño Textil SA)
 As part of its 2020 “commitment to zero discharge,” Zara will begin publicly disclosing discharges of hazardous chemicals. By the end of 2013, the company aims to have discharge data on 100 Asian suppliers available on a public online platform.
 Signatory to the CEO Water Mandate, a United Nations initiative to support companies in the development, implementation and disclosure of their water-related strategies and solutions.
Ford Motor Company
 Set a goal to reduce its facility-based CO2 emissions by 30 per cent by 2025 compared to a 2010 baseline.
 Developed and launched the first inflatable safety belt, designed to dramatically reduce the risk of injuries to rear-seat occupants, especially children.
Nokia Corp.
 “Nokia Life” is a text-based information service designed for users in emerging markets, offering actionable advice and education on topics such as health care, local markets and agriculture, in an effort to

You May Also Find These Documents Helpful

  • Good Essays

    Starbucks provides a lot of value to and for its customers. As I was reading Starbucks mission statement, I noticed the company really strives for a welcoming environment where you would want to come do work, get a coffee, and just chill. I feel as though the company targets more millennials. Starbucks is a place where I would want to go do homework while getting an awesome Frappuccino. “To inspire and nurture the human spirit – one person, one cup and one neighborhood at a time.” One big core value I saw on their website was community service. Starbucks employees connect with communities to give opportunities that help that local neighborhood. There is a link on the website to join or lead community service projects. “With your support, we can keep making a positive impact – one…

    • 694 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Case Study

    • 388 Words
    • 2 Pages

    Starbucks approaches the societal responsibility includes having an environmental mission which is very strong at Starbucks. They make sure they use conservation of resources daily to make minimize harm to the environment. Starbucks has a Green team this group of people goes to the stores and make sure they are operating in an environmental friendly manner.…

    • 388 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Strategic Initiative Paper

    • 1626 Words
    • 7 Pages

    Starbucks has a long-standing effort in ethical conduct and global responsibility. One of the major efforts is sourcing ethically grown coffee. For example, Starbucks’ Annual Report for the 2009 states that “the Company’s focus is on ethically sourcing high-quality coffee, reducing its environmental impacts, and contributing positively to communities. Starbucks Global Responsibility strategy and commitments are integral to the Company’s business strategy.” (Starbucks Corporation, 2009, Annual Report).…

    • 1626 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Starbucks celebrates 40 years with 17,000 stores in more than 50 countries (Goals & Progress, 2010). Starbucks thrive on their values as a company to improve the lives of people who grow their coffee, neighborhoods where the company does business, and they care for the environment (Goals & Progress, 2010). Starbucks strives to incorporate good business practices and ethics across the globe not only for the enhancement of the company but also for the enhancement of the stakeholders and the communities the company impacts. Starbuck’s mission statement is “to inspire and nurture the human spirit. As said by Howard Schultz, Chairman, President and Chief Executive Officer, in the 2010 Starbucks Global Responsibility Report; “one person, one cup and one neighborhood at a time.”…

    • 1633 Words
    • 7 Pages
    Better Essays
  • Better Essays

    Starbucks has grown into a common household name with storefronts all over the world. Currently, there are more than 17,000 coffee shops in more than fifty countries. Starbucks not only offers their customers coffee, but coffee beans, accessories, teas, brewers, music and food; all of which contribute to their financial success. Starbucks storefronts are now seen inside grocery stores as well, allowing the shopper browse the aisles while sipping a caffeinated beverage.…

    • 946 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Starbucks Red Flags of Fraud

    • 2320 Words
    • 10 Pages

    Starbucks Coffee Company opened its first store in Seattle, Washington in 1971 offering fresh-roasted whole bean coffees. “Howard Schultz (Starbucks chairman, president and chief executive officer) joined Starbucks in 1982 as director of retail operations and marketing. Starbucks begins providing coffee to fine restaurants and espresso bars” (Starbucks, 2012). In 1985, ``Howard founds Il Giornale, offering brewed coffee and espresso beverages made from Starbucks coffee beans`` (Starbucks, 2012). Two years later Howard Schultz purchases Starbucks assets with the help of local investors and Il Giornale changes its name to Starbucks Corporation and stores open in Chicago and Vancouver, Canada increasing the total number of stores to 17. Starbucks currently has over 16,000 stores in 50 countries and considers the company ``the premier roaster and retailer of specialty coffee in the world`` (Starbucks, 2012). Starbucks mission statement is `` to inspire and nurture the human spirit-one person, one cup, and one neighborhood at a time`` (Starbucks, 2012). Starbucks refers to their employees as partners and their focus is to create a workplace that values and respects people from diverse backgrounds and to conduct business in an ethical manner. Starbucks has a business and ethics compliance program in place to help ensure that all employees make ethical decisions in the workplace.…

    • 2320 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Based on the video “Starbucks Corporation: Serving more than coffee”, (McGraw Hill, 2011), Starbucks follows the four Porter points quite closely, and these efforts have had a positive impact on the financial standing and public perception of the company. Starbucks spokesperson, Sue Mecklenberg states “Social responsibility is a boost to financial well being” (2011). Through the implementation of “Eco-efficiency”, the company is able to reduce waste and utility costs for water and gas. Additionally, Starbucks offers their employees, referred to as partners, good benefits that include health plans and stock options. These, in turn help to create partner loyalty to the company, leading to low turnover, which helps Starbucks to lower recruiting and training cost. Additionally, the Starbucks customer base appears to be motivated to frequent Starbucks based on their CSR, and also helps to attract socially conscious investors. Corporate social responsibility is also a valuable tool to report and communicate back to company stake holders, what the company is doing, and provides accountability by which metrics…

    • 635 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Case Study for Starbucks

    • 1575 Words
    • 7 Pages

    In assessing Starbucks Social responsibility strategy, one would have to look at certain key elements of the strategy and what makes it a good strategy, a great strategy or even a poor strategy. One would have to ask question such as;…

    • 1575 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Starbucks

    • 1215 Words
    • 5 Pages

    The recent reports of CSR efforts of Starbucks Company reflect their progress in several areas of work. The company’s recent commitments also include assisting the coffee farmers, and supporting communities and environments. Other commitments…

    • 1215 Words
    • 5 Pages
    Better Essays
  • Better Essays

    This paper will review the efforts at Starbucks to become a sustainable corporate partner with its shareholders, employees and customers. Most importantly, it will examine how Starbucks has become a leader in corporate social responsibility and sustainability worldwide.…

    • 991 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Starbucks Case Analysis

    • 1440 Words
    • 6 Pages

    Starbucks has a Corporate Social Responsibility policy in place to fulfill its commitment to positively contribute to local communities and the environment.…

    • 1440 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Essay on Starbucks Coffee

    • 2052 Words
    • 9 Pages

    Today, Starbucks has more than 16,000 stores globally including about 11,000 in the United States.…

    • 2052 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Company Q and Social Responsibility Social responsibility is a key attribute for businesses in the market today. When consumers look to spend their disposable income, they look for businesses that not only offer the right product, at the right price, but that also offer great service. Great service can include anything from friendly employees to community involvement. That is where social responsibility becomes apparent in a company’s ethics and values. If a company has a strong tie to the community and demonstrates social responsibility, their consumers will consider this a positive quality and it will separate them from the competition. In this case study with Company Q, they are lacking in the area of social responsibility. There are three major areas where the company can immediately make positive changes to improve their social standing in the neighborhoods where they operate. Making these changes and becoming more socially responsible is crucial for this company to see longevity as a business and to increase their market share. They will eventually lose patrons and income if they are not careful with how they manage their company’s interaction with their community. The first area for them to review is the closing of stores in high crime areas. Company Q has cited the reason for closing these stores as low sales and lost revenues in that area. Closing these stores has negative impacts on the company image. Consider the employees that are now without work. Even the extended community could view Company Q as the “bad guy.” It can be displayed as an attitude that the company cares more about the bottom line than the people in the area that would potentially be supporting the company. To improve in this area, Company Q should be challenged to interact with the community to determine why their sales are lower and what products would be beneficial to the neighborhood. Since the neighborhood is not as affluent as…

    • 859 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Starbucks believes that conducting business ethically and striving to do the right thing are vital to the success of the company.…

    • 451 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    D. Birch (2002). Social, Economic and Environmental Capital. Corporate Citizenship in a New Economy. Deakin University, Melbourne…

    • 1006 Words
    • 5 Pages
    Good Essays