Recommendations:
As the times change and as the world becomes more populated, it is more necessary than ever that CSR programs have a prominent role in today’s society. Corporations have an ethical responsibility to give back as often times it is the production and sale of their product that depletes available resources. The International Institute for Sustainable Development cites the “shrinking role of government” as a reason that necessitates more active involvement from corporations (“Corporate social responsibility”, 2013). Historically government was the entity that placed regulations on social and environmental objectives in the business sector. With the limited resources of government, combined with society’s distrust of the governmental system, new non-regulatory initiatives are being explored.
The Home Depot has a stellar CSR program that is evident in their reporting as well as in their corporate culture. They …show more content…
Craig Menear, CEO stated in the most recent annual report that “the company is driven by its commitment to values and strong culture” (Home Depot's Stakeholders, 2017). Home Depot must continue to stay informed on local and global issues and adjust their CSR programs to the current state of affairs. The company has been successful thus far and if they continue, the local communities will thrive and the success will expand into the broader global communities. Partnering with other sustainable and energy efficient suppliers will benefit the company as well as the customers and the environment. Empowering the employees and building a sense of internal “corporate” community will prove profitable for the company. The leadership is key, and keeping the culture comes from the top. It is absolutely necessary that the corporate office maintain and reward managers who are able to effectively instil the Hope Depot culture in their
As the times change and as the world becomes more populated, it is more necessary than ever that CSR programs have a prominent role in today’s society. Corporations have an ethical responsibility to give back as often times it is the production and sale of their product that depletes available resources. The International Institute for Sustainable Development cites the “shrinking role of government” as a reason that necessitates more active involvement from corporations (“Corporate social responsibility”, 2013). Historically government was the entity that placed regulations on social and environmental objectives in the business sector. With the limited resources of government, combined with society’s distrust of the governmental system, new non-regulatory initiatives are being explored.
The Home Depot has a stellar CSR program that is evident in their reporting as well as in their corporate culture. They …show more content…
Craig Menear, CEO stated in the most recent annual report that “the company is driven by its commitment to values and strong culture” (Home Depot's Stakeholders, 2017). Home Depot must continue to stay informed on local and global issues and adjust their CSR programs to the current state of affairs. The company has been successful thus far and if they continue, the local communities will thrive and the success will expand into the broader global communities. Partnering with other sustainable and energy efficient suppliers will benefit the company as well as the customers and the environment. Empowering the employees and building a sense of internal “corporate” community will prove profitable for the company. The leadership is key, and keeping the culture comes from the top. It is absolutely necessary that the corporate office maintain and reward managers who are able to effectively instil the Hope Depot culture in their