Hsbc Corporate Social Responsibility Case Study

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). Because of this they are under immense pressure from stakeholders and society globally, to adopt and conduct business in consideration of their Corporate Social Responsibility (CSR).
This essay analyses HSBC’s CSR from a case against and case for perspective, paying particular attention to the environment
…show more content…
Stakeholders as: investors, shareholders and employees are impacted by HSBC’s failure to fulfil corporate values and moral obligations in addition to investing/lending their money indiscriminately. Furthermore, the media reporting on this matter and special interest groups including Global Witness, Greenpeace, Rainforest Action Network, Environmental Investigation Agency, were forced to take action against HSBC and it is these stakeholders with the power and urgency to cause detriment to HSBC’s business and reputation (Archee, et al. 2015,

Related Documents

  • Improved Essays

    As NBCUniversal implemented many standard corporate social responsibilities to benefit the community, company and customers, there are also many benefits to employees, vendors, and shareholders. This group is known as NBCUniversal’s stakeholders and all the stakeholders engage and benefit in one way or another from the company’s corporate social responsibilities. According to Cheeseman (2016), 64 percent of employees want their employers to promote the interest and causes that matter to them, and 78 percent of employees want to be active in participating in their companies CSR practices (p. 1).…

    • 591 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    Chase Case Study

    • 2210 Words
    • 9 Pages

    The company I have selected to evaluate for its Corporate Social Responsibility (CSR) is Chase. This powerful banking organization has been a cornerstone in the banking world for years and given the already tepid public opinion towards wealthy institutions it is no wonder that Chase has been listed on American 's list of the most despised companies. Recent developments have not aided their case. In the ensuing essay, I will evaluate various aspects of the business as well as explain where this hatred is stemming from.…

    • 2210 Words
    • 9 Pages
    Great Essays
  • Improved Essays

    It is also necessary to concern about visible effects on social system and stakeholders resulted from target company’s decision making. Since Corporate Code of Ethics is only a part of Corporate Social Responsibility (CSR) which also includes Environmental and Social Sustainability Reporting and Stakeholder Dialogues. These should be assessed in the assignment. For example, whether the company disclosed corporate environmental performance or breached any environmental regulations. In terms of sustainability reporting, the compliance with Emergent Reporting Standards, Emergent Assurance Standards, Emergent Voluntary Standards and Emergent Investor Standards should be discussed in the assessment with evidence.…

    • 939 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    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.…

    • 684 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    GHB CEO has a limited budget for improved CSR profile and operating system, so she consultant from Deepgreen Enterprises to implement CSR initiatives in their company. Significance of sustainable practices for corporations: Corporations apply the CSR strategies and corporate accountability to improve or maintain their reputation and image in the market through…

    • 1015 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Hond (2014) argues that a firm’s active role in corporate social responsibility initiatives is political and seeks to secure favourable political conditions for the firm’s benefit. Weinzimmer & Esken, 2016 on the other hand, highlight that when companies get involved in societal issues, it can positively influence the firm’s financial performance. In addition, a firm’s active role on social issues may enhance the credibility and economic performance of a firm’s CSR strategy and commitment. Reputation, which is related to competitive advantage, is another reason why firms take an active role in social issues (Hond, 2014). McDonnell (2015) supports this reason and gives Nike as an example.…

    • 1418 Words
    • 6 Pages
    Improved Essays
  • Decent Essays

    Tesco Plc Essay

    • 469 Words
    • 2 Pages

    This results positively in the profitability of the company Social Responsibilities to society: Social responsibility is one of the important area for an organization to consider. In view of this TESCO-UK…

    • 469 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Definition of CSR CSR simply means doing the right thing and how the existence of one’s organisation’s can form an impact in the community. Every business organisation describe the term CSR in different ways. Benefits of CSR A business can gained several benefits from reporting their CSR to the society.…

    • 1510 Words
    • 7 Pages
    Improved Essays
  • Decent Essays

    The uncertainty over community in the documents makes it uncertain whether the firm views CSR mainly in terms of moral responsibility or business strategy. The fact that there might be a tension between these two approaches…

    • 960 Words
    • 4 Pages
    Decent Essays
  • Great Essays

    Jp Morgan Chase Case Study

    • 1529 Words
    • 7 Pages

    “The love of money is the root of all evil” (1 Timothy 6:10, KJV). With over three billion individuals living in poverty, and 50 million being American, there is no question whether or not the world is facing economic crisis. Yet, how can the largest economy in the world, the US, be plagued with such an unequal distribution of wealth? The answer goes back to the deadly sin alluded to by Saint Timothy: greed. Heinous greed perpetrated by the 1%.…

    • 1529 Words
    • 7 Pages
    Great Essays
  • Brilliant Essays

    Christian, B (2005), “ Corporate social responsibility” GRIN Verlag. “Corporate Social Responsibility”, (2009). Baylor Business Review, 27, pp. 20-23.…

    • 2882 Words
    • 12 Pages
    Brilliant Essays
  • Great Essays

    INTRODUCTION Corporate Social Responsibility is a hard-edged business decision. Not because it is a nice thing to do or because people are forcing us to do it because it is good for our business – Niall Fitzerald, Former CEO, Unilever. The current century is impacted by unpredictable challenges and opportunities, arising due to globalization. So it is recognized the world over business integrating their social, environmental and ethical responsibilities into the governance by the way of strategically formulating the CSR activities for ensuring their long term success, competitiveness and sustainability.…

    • 1756 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    It is a widely disputed topic that corporations have a role in society to be ethical and consumer aware of their actions and impact on the wider world. ‘Business Ethics’ can be defined as the critical, structured examination of how people and institutions should behave in the world of commerce’ (Macdonald, 2010). Pressure on organisations in recent years to be ethical and consumer aware has affected their overall constitutions, forcing them to include how they are going to deal with ethical problems such as environmental and social issues within their working environments. The question remains whether organisations have a duty towards their stakeholders and society as a whole to follow principles on values and actions that not only benefit…

    • 1414 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    While maximizing profits is considered an important responsibility for a company to accomplish, it is not more important than fulfilling the responsibility of being socially responsible to the society in which it operates. Social responsibility can be defined as the duty of businesses to behave ethically and with sensitivity towards economic, cultural, and social issues. In other words, businesses are socially responsible when they maximize the economic, cultural, and social benefits of all their close associates such as employees, investors, and customers. When companies put all of their focus on profits, this usually brings companies repercussions such as bad reputation leading to a decrease in profits. Companies need to be both conscious of increasing their profits as well as meeting the demands of their stakeholders.…

    • 969 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    INTRODUCTION Marks and Spencer,sees CSR as an obligation of organisations in respect to their relationship with the communityin which they operate.the point is that,over a number of years ,they have regularly invested 1% or more of their pre-tax profits in the form of cash,employee time and gifts in the kind of charitable causes.they are also willing to support the efforts of their own staff who are involved in charitable causes. Perhaps,Marks and Spencer have found a way in which the social responsibility of their organization can help the individual’s contribution to social responsibility. From the point of organisations,the term applied commonly is corporate social responsibility (CSR),and this becoming important as stakeholders themselves…

    • 1199 Words
    • 5 Pages
    Great Essays