By Brittany Buggs, Darren Lane, Anish Phophaliya, & Amrit Narasimhan
The History of Corporate ResponsibiliyThe point is, ladies and gentlemen, that
green, for lack of a better word, is good. Green is right. Green works. Green clarifies, cuts through, and captures the essence of the evolutionary spirit. Green in all of its forms--green for life, for money, for love, knowledge--has marked the upward surge of mankind. And green, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the U.S.A. --As adapted from Wall Street
The “Green” RevolutionDates back to 1904Svante Arrhenius1963: Clean Air Act1970: EPA Established2005: GE announces $1.5 billion budget for
cleaner technologies and $20 billion budget for sales of environment-friendly products; reduce GG emission by 1% every year
What Does the Term “Corporate Responsibility” Mean?
There is a big debate within companies about
whether corporate responsibility means delivering the best
quarterly result to your shareholder or whether it means reducing emissions
into the atmosphere.
What does Corporate Responsibility Include?It includes:adhering to the lawmaintaining ethical standardsfollowing international norms,incorporating public interest in corporate
decision makingBeing responsible for all the decisionshonoring other forms of life
Employee ResponsibilityEmployees can make change even if companies
don’t have policiesAn established policy of social responsibility
will help consumers, corporations, and the general public
This is especially important for Green Practices:Employees can bring about change in wasteful
industries by setting their own standardsEmployee made policies eventually can become
company policies
Taking ResponsibilityCompanies can become
socially responsible by valuing the consumer, not just the profits
Companies can reinvest profits into better technologies, especially those that are environmentally friendly
This doesn’t mean that the company should be subservient to the people, just that they should consider consumer feedback and make socially and ethically sound decisions
Thank You
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