Importance Of Coca Cola Social Responsibility

Improved Essays
Corporate responsibility is a term that is supplanting the term corporate social responsibility. The ‘social’ is increasingly being omitted in order to emphasize the (claimed) broader responsibilities of business corporations, particularly their responsibilities with regard to the environment.
Corporate Social Responsibility has helped several companies to develop and work upon several new core competencies, which enables the corporate to build a special relation with its customers, society, its shareholders and government by the sustainability acts done by them. The corporate social responsibility activities help in building a positive image of the company, it also helps in building goodwill which in long run helps in generating profits. The CSR activities
…show more content…
Coca Cola Company has strongly emphasized on corporate social responsibility along with its reporting. The company emphasizes on the reporting of its CSR activities. All the CSR initiatives of the company are reported in the sustainability report of the company. The company has strongly emphasized on environmental principles, the company has strongly emphasized on sustainability business practices which has helped the business to emphasize on sustainability. The company reports its CSR in sustainability integration system which provides a forum for business unit reporting to measure different sustainability gaols, achievements and improvements of the company. With the sustainability reporting the company connects the individuals, teams, decisions and actions to the overall goal of

Related Documents

  • Improved Essays

    Johns-Manville Problem To determine whether or not it was ethical for The Johns-Manville Corporation to declare bankruptcy, it’s critical that both points-of-view are laid out to be critiqued. While it would be quite easy to argue that the company should have been liquidated in order to pay the medical costs of the countless asbestos victims, it’s very important to look at the situation from the perspective that saves the jobs of thousands and contributes to the betterment of the working conditions of their employees, as well as the surrounding community. To rationalize their decision, the Board of Directors within the Johns-Manville Corporation could show how their filing of bankruptcy was beneficial to more than just the survival of the company. Expanding on this, the school of Corporate Social Responsibility states that— “Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders.”…

    • 551 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Sarbanes-Oxley Act

    • 833 Words
    • 4 Pages

    Organizations also have to focus on the corporate social responsibility to serve different stakeholders, for example, clients, employees, suppliers, groups, and ecological and human rights advocates, whose interests are attached to the organization's execution. A corporate social responsibility is a business practice that involve the organizations making decisions that concern society benefit. Companies should provide customers with safe and high quality products that are fairly priced and easy to use information system for shopping and tracking orders. Organizations become more nimble, relevant, and responsive to internal and external customers (Walker, 2008, sec.10).…

    • 833 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Corporate Social Responsibility (CSR) is a concept integrated in an economic model that focuses in the obligation that a company carries with society. A socially responsible company should be able to reduce its negative impact on society while increasing its positive effects on it. One possible way to categorized these responsibilities and see them graphically, is by using the Pyramid of global CSR and performance. The base of the pyramid and possibly one of the most important aspects in a healthy economic responsibility policy, states that the economic responsibilities of business are to produce goods and services that society wants at a price that perpetuates the business and satisfies its obligations to investors. For example, multibillion dollar tech-giant Google,…

    • 645 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    Introduction and Background Organisations’ management strategies and practices affecting environmental, ethical, social and global aspects have evolved significantly and the responsibilities of an organisation to society are those that arise in the concept of Corporate Social Responsibilities (CSR). CSR can be defined as “the responsibility of an organisation for the impacts of its decisions and activities on society and the environment, through transparent and ethical behaviour (ACCSR, 2016). Though CSR is not compulsory, it is expected and issuing regular CSR reports detailing social and environmental performance is considered best practice (Carroll 2004, 116). HSBC was established in 1865 and its named derived from founding member, The Hong Kong and Shanghai Banking Corporation Limited. HSBC is one of the largest Banking and Financial Institutions in the world, operating in 71 countries across the globe and crossing multiple jurisdictions (HSBC Group 2016).…

    • 1463 Words
    • 6 Pages
    Great Essays
  • Great Essays

    Carlson Company Case Study

    • 1054 Words
    • 5 Pages

    CSR is defined that “a corporation should act in a way that enhances society and its inhabitants and be held accountable for any of its actions that affect, their environment (Lawrence and Weber, 2008, 48).” The company can follow two different theories. The Ownership Theory is defined as “the firm is the property of the owners; the purpose is to maximize market value in the long term and make money for owners” (Lawrence and Weber, 2008, 6). The Stakeholder Theory is defined as “corporation serves a higher purpose- to provide value to society”…

    • 1054 Words
    • 5 Pages
    Great Essays
  • Superior Essays

    Recently, scholars and managers have devoted great attention to corporate social responsibility(CSR). Consistent with McWilliams and Siegel(2001), we define CSR as situations where the firm goes beyond compliance and engages in ‘actions that appear to further some social good, beyond the interests of the firm and that which is required by law’. On Wikipedia, corporate social responsibility(CSR) is defined as a form of corporate self-regulation integrated into a business model. Corporate social responsibility(CSR) policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. Corporates intend to build up reputations…

    • 991 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    Banco Bradesco Case Study

    • 1874 Words
    • 8 Pages

    Banco Bradesco S.A. is headquartered in Osasco, Brazil and operates as an international bank, offering various types of banking product and services. Bradesco operates through two segments: Banking, and Insurance, Pension & Capitalization Bonds. The Banking segment includes individuals and small, midsize and large companies located in Brazil. The Insurance, Pension & Capitalization Bonds segment offers products which include health, life, personal accident, automobile and other types of assets.…

    • 1874 Words
    • 8 Pages
    Improved Essays
  • Superior Essays

    (Robyn) : Welcome to “Behind the Scene Businesses”, today we will having a look at Mr Price to see how they stretch beyond expectations in terms of their Corporate Governance and Corporate Social Responsibility. We first investigated Mr Price’s Corporate Governance by assessing how their management’s system of rules, practices and processes controls the business responsibly by adhering to the King Code which ensures integrity, accountability fairness, independence and discipline within the business as well as creating both social and environmental sustainability. This helps the business to minimise corruption, develop its brand, achieve corporate success and encourages economic growth. All of these aspects apply to Mr Price according to their…

    • 816 Words
    • 4 Pages
    Superior Essays
  • Great Essays

    Despite the growing literature, CSR’s complex nature has resulted in a lack of a single definition; however, “at the core of CSR is the idea that it reflects the social imperatives and the social consequences of business success” (Matten p.405). Carroll states that CSR firms should, “strive to make a profit, obey the law, be ethical, and be a good corporate citizen” (Carroll 1991, p.43). For firms to be able to address and support societal needs they must have the monetary resources to put forth action plans; in another view, a profitable business aids society by contributing to the economy. Firms obeying the law ensures that they are abiding by the laws established to help protect the greater good, therefore, helping to keep societal order. On the other hand, an ethical corporation, abides by moral/ethical laws which makes certain that all business decisions are consistent with societal norms and are not likely to harm the community at large.…

    • 1417 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Corporate social responsibility (CSR), is defined as a corporations initiatives to assess and take responsibility for the company effects on environment and social wellbeing. This definition has many key aspects to it which is expected by the society…

    • 1351 Words
    • 6 Pages
    Improved Essays
  • Great Essays

    Having a bad reputation socially and environmentally can have serious negative effects on the overall profitability and success of a company, as nowadays consumers want to spend their money on products and services that they believe in, and engage with companies that follow ethical practices that meet their own beliefs. CSR requires internal and external stakeholder’s engagement so it enables organization to anticipate better and take advantage of fast-changing expectations in society as well as operating conditions. By doing the social responsibility activities, organization can build long-term relationship with employee, consumer and citizen trust which act as a basis for sustainable business models. And it helps to create an environment and culture in which organization can innovate and grow. In the longer term, CSR provides a set of values on which to build a more cohesive society and on which to base the transition to a sustainable economic system.…

    • 1756 Words
    • 8 Pages
    Great Essays
  • Brilliant Essays

    Organization should be planned in a way to react to its external environment in appropriate way. Herzberg’s two factor theory (1959) states for an organization hygiene factor and motivation are important for an employees working condition inside an organization. Socially responsible image is not just used to polish the image of an organization it is also a way of motivation factor; there are possibilities that employees find satisfaction in their work under such circumstances (Ruschak,…

    • 2882 Words
    • 12 Pages
    Brilliant Essays
  • Improved Essays

    Findings Corporate social responsiveness is better than the concept of corporate social responsibility. From previous literature review, corporate social responsiveness is a detailed analysis of the relationship between corporate social responsibility and social effective response. For the CSR, it is only classify the types of responsibility in business, it does not encourage and provide information of further responses, which most of the firms have achieve CSR, as it must be attain of legal standard. Corporate should take higher standard though CSR2. From CSP model, it is to establish a stakeholder framework for analyzing and evaluating corporate social performance. It is a mix from CSR principles and CSR2 process and social related issues, which is a combination from different arguments in CSR concept.…

    • 1119 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    What are the current practices in the Organization around how leaders use motivation techniques? Since 1886, fast-forward 125 years, the drink simply known today as Coke. Frank Robinson who named Coca-Cola was motivated by the desire for the tasty drink to succeed, and so designed the lettering to advertise. Motivation was one of the essential keys to guarantee success for the newly started soft drink company.…

    • 1242 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    CSR-Sony -Tanima FY-A Corporate Social Responsibility (CSR), also known as corporate conscience is a concept related to the activities that are performed by a company to integrate social and environmental responsibility into their operations. It is a business model where companies attempt to work in a sustainable manner in compliance with international laws and ethics. Many companies have a CSR Policy, which defines areas of concern and initiatives to improve relations with the people and environments affected by business operations. “Our strategic philanthropy and corporate social responsibility (CSR) efforts are aligned to our key businesses and focus on three distinct areas: arts and culture, technology and the environment, with a particular…

    • 1128 Words
    • 5 Pages
    Improved Essays