Corporate Social Responsibility — Gap Fill Exercise

Fill in the gaps with the missing word(s).

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Through corporate social responsibility, companies of all sizes can make a for the better (CSR).

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When businesses decide to act in a moral way, they not only earn more from their customers, but they also make more money.

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Customers think they are making a difference when they buy something or use a service from a company that cares about the community.

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The more a company cares about the community and its customers, the more support it gets from them.

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Corporate social responsibility helps build customer trust by caring about things like Environment Day, bringing attention to them, and pushing social change.

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Even if a lot of businesses help, the actions of big international companies can have a big effect on things like hunger, health, global warming, and climate change.

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There are different kinds of social responsibility for a business. Even the smallest business can

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make a big difference in the world by giving a small to the local food bank.

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Here are some of the most common examples of CSR: putting less carbon improving labor policy,

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taking part in , equity, and diversity, and giving to good causes around the world

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Investing with a social and environmental conscience means doing things like volunteering

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in the community and doing business online in ways that are good for the environment.

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Businesses that care about the world around them are much more important to millennials and people

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from Generation Z. They think that businesses should invest in making society better and look

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for ways to help make those changes happen. People should be able to see how a company is trying to

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make the world a better place by letting them know about its good deeds. It's important to learn how

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to market to millennials because this will affect the choices they make as consumers. It's important

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to show that you've tried. Millennials also like to do things like give money to and work

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for free. More and more businesses are starting to realize how their socially and environmentally

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responsible actions affect how consumers see them. This makes it more that businesses

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will start their own projects. Changes in the way corporate social responsibility is done

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Changes in CSR patterns will be affected by the activism of all generations,

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including millennials. Because of the #MeToo movement, businesses should continue to condemn

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and discrimination in the workplace in public. Diversity in the workplace will also

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continue to grow to include people of different races, genders, cultures, sexual orientations,

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and physical and mental disabilities. A lot of brands are getting more outspoken

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on social media and showing their support for important social issues in a way that works.

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Also, businesses will speak policy changes that hurt the environment and social

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injustice. More and more data breaches put personal information at risk, and regulations

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to protect data in a changing world may also start to show in CSR trends.

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Companies Doing the Right Thing 1. Johnson & Johnson's use of green technology

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Johnson & Johnson, one of the first big drug companies, is a great example of CSR in action.

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Over the past 30 years, they have worked hard to reduce the they do to the environment. Its

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programs do things like use wind power and give people in different parts of the world

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access to clean water. By buying a privately owned energy company in the Texas Panhandle,

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the business was able to reduce pollution and offer a cheap, environmentally friendly

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alternative to electricity. With the goal of getting all of its energy from renewable

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by 2025, the company is still looking into ways to get energy from renewable sources.

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2. Problems with people: Google Google is trusted in part because of its well-known CEO,

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Sundar Pichai, and also because it takes care of the environment. He says what he thinks about

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things in society. Google also got the highest CSR 2018 score from the Reputation Institute.

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This was mostly because their data centers use 50% less energy than those of other companies

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around the world. Also, they have put more than $1 billion into projects that use clean energy,

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and they offer services like Gmail that help other companies reduce their impact on the environment.

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3. Coca's to the environment. Coca-Cola is a company that puts a lot of value being

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environmentally friendly. Climate, packaging, agriculture, water conservation, and product

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quality are all important factors. Their slogan is "a world without waste," and they work to make

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sure there is enough water by collecting and recycling every bottle, using 100% recyclable

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packaging, and replacing all the water used to make their drinks with water from the environment.

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By the year 2030, they want to cut their footprint 25%. In 2021,

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Coca-Cola made its first bottle of soda out of plastic that came from plants.

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"Our goal is to make solutions that will last for the whole industry. We hope that more companies

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will join us so that we can all move forward”. 4. The company Ford Ford has big goals for CSR,

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like making sure everyone gets paid fairly and not making any carbon emissions. Their stated

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goal is to "make a better world where everyone is free to move and pursue their own goals."

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"We're committed to carbon neutrality," said Bob Holycross, Ford's vice president and chief

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sustainability, environment, and safety officer. " It's the right choice for Ford, the environment,

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and our customers. At the moment, 95% of our carbon emissions come from our operations,

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cars, and suppliers, and we are working hard and with hope to change all of these things.

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Strangely, the business is also putting a lot of emphasis on wage equity. To

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make things fair for all employees, they are putting in place a global salaried pay ratio

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(that takes gender into account) and doing an audit of diversity, equity, and inclusion.

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5 and 6: Worker rights at Netflix and Spotify From a social point of view, companies like Netflix and

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Spotify help their employees and their families. Netflix offers 52 weeks of paid parental leave to

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both birth parents and non-birth parents (which includes adopted children). This can be done at

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any time, during the child's first year of life or at another time that works for them. This is

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different from other big tech companies, where it takes an of 18 weeks. You can get similar

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benefits from Spotify, but only for 24 weeks of paid vacation. The business thinks that the start

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of this campaign led to a rise in job applications from outside the company that hasn't gone away.

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Through their social media channels, Netflix and Spotify support social movements like

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Black Lives Matter, Pride Month, and taking care of the environment. Netflix is a good

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example of how to use social media to reach niche and minority groups and to them.

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7. Access to health care: Pfizer When a disaster happens, people need medical help right away.

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Pfizer has a three-part plan to help in these situations: donations of products, grants,

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and ways to get to the medicine. Grants have been given to countries like Haiti because of

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Hurricane Matthew and the ongoing crisis in Europe and the Middle East. This money is given

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to NGOs so that it can reach as many people as possible. During the Covid -19 pandemic,

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Pfizer gave $5 million through its Global Medical Grants program to help improve the identification,

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diagnosis, care, and management of patients. Hospitals, clinics, and other medical facilities

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were also given grants to help them keep a better on Covid -19 patients and treat them better.

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In 2022, Pfizer was named one of the most moral businesses in the world by the magazine

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Ethisphere. Wells Fargo gives money to charities. Wells Fargo gives up to 1.5% of its profits to

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charitable causes each year. This money goes to help more than 14,500 nonprofits, such as food

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banks and incubators for new businesses in plant science and renewable energy. The business gave

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$6.25 million to help the United States and other countries fight the Covid -19 epidemic. The CDC

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Foundation will get $1 million, the International Medical Corps will get $250,000 to help with its

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work in 30 countries, and $5 million will be given to local to meet community needs.

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9. Projects that help the community: Toms Toms gives a pair of shoes to a child in need for

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every pair of shoes they sell. This has led to about 100 million pairs of shoes being given to

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children in need. These profits have helped the by giving them glasses and medical care,

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giving them "safe" drinking water, and setting up businesses in less-developed countries to

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create jobs. 10. Bosch, a climate-neutral company Bosch high standards for the environment

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by focusing on reducing their impact on the environment through climate action, water use,

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and a circular economy. As of now, 400 of its are climate neutral, so it looks

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like this goal has been met and paved the way for other multinational companies to do the same. Now,

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the company wants to cut its emissions 15% in both the upstream (buying goods and services) and

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downstream (using products) sectors by 2030. Since non-governmental organizations said that Toms was

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making people too dependent on shoes and hurting local shoe industries, the company has rethought

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its business model. Instead of giving away shoes, the company now gives one-third of its income to

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local projects. This includes groups like Black Lives Matter and the Covid -19 Giving Fund that

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work for racial justice. We found that giving people shoes, glasses, and clean water for

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more than a decade was a great start—the right start—to making big changes. But our community

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will be able to do a lot more if we decide to give out impact grants. We're giving away 1/3 of what

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we make instead of buying shoes. In other words, we give away $1 for every $3 we make, which is the

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most a business can give away and still stay in business. - The Toms Impact Report for 2019–2020.

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11. Clean technology made by GE Since Ecomagination was introduced more than

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ten years ago, General Electric has been focusing on renewable energy with the goal

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of doubling clean technology and making $20 billion from eco-friendly products. As part

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of its "Ecomagination Challenge," which started last year, GE gave each of five people $100,000

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to help them develop ideas like an inflatable wind turbine, an intelligent water meter, a cybersecure

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network architecture, and technologies that protect against short and power outages.

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Starbucks promotes and inclusion at work. Starbucks wanted to hire more people

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different backgrounds and give people in certain groups more chances. It has promised to hire

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25,000 US military veterans and their by 2025 as part of its efforts to be socially

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responsible. The company reached this goal six years earlier than expected and now hires 5,000

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veterans and their spouses each year. Starbucks set up a mentorship program to help black,

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indigenous, and people of color (BIPOC) get in with top leaders and work together on issues

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of racial and social . The chain wants to have 40% BIPOC workers in retail and production

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and 30% BIPOC workers in corporate roles by 2025. 13. The company New Belgium Brewing This brewery

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cares about the environment and is owned by all of its employees through a stock plan. By

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2030, the brewery in Fort Collins, Colorado, wants all of its beers to be carbon neutral.

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It uses solar panels and wastewater to make electricity. Also, for every barrel it sells,

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it gives $1 to help promote its charitable work, principles, and goals. Katie Wallace, who is in

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charge of CSR, says, "We think that social and environmental well-being are closely linked."

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14. Local communities: In its 2020 CSR report, The Walt Disney Company set goals for its

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carbon footprint, such as zero net greenhouse gas emissions, zero waste, and a promise to

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save water. They are actively following strict international labor laws in order to protect the

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rights and safety of their workers. They also try to get their employees involved in the community

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by doing the same things. When the Covid -19 outbreak forced Disney to close its parks,

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the company focused its CSR efforts on the local area. They gave $27 million for donations of food,

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personal equipment (PPE) from abandoned parks, and cleaning up the set. They also asked

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their staff to do virtual volunteering. 15. LEGO packaging Lego will spend $400 million over the

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next three years, with a focus on improving its efforts to be more environmentally friendly.

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As a modern superbrand, their main goal is to stop putting its bricks

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in single-use plastic packaging and switch to packaging by 2025. In 2021,

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they will test paper bags in boxes with the help of the Forest Stewardship Council. Also, they are

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spending money on more products that are good for the environment and don't make trash or carbon.

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CEO of the LEGO Group Niels B. Christiansen said, "We can't lose sight of the basic

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problems that the next generation will face." We must act quickly to protect the environment and

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the next generation. We are inspired by the many children who have asked for more immediate action

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on climate change because we are a company that looks to children as our role models.