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This insightful piece explores the evolution of corporate responsibility and the shift towards green practices. From the early environmental movements to modern corporate strategies, it examines the role of companies in reducing emissions, adhering to ethical standards, and making sustainable decisions. The text emphasizes the importance of incorporating employee feedback and consumer interests into corporate values for fostering a greener future. As both companies and employees take responsibility, we can envision a cleaner and more sustainable world for generations to come.
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Corporate Responsibility & Green Practices By Brittany Buggs, Darren Lane, Anish Phophaliya, & Amrit Narasimhan
The History of Corporate Responsibiliy • The 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” Revolution • Dates back to 1904 • Svante Arrhenius • 1963: Clean Air Act • 1970: EPA Established • 2005: 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 law • maintaining ethical standards • following international norms, • incorporating public interest in corporate decision making • Being responsible for all the decisions • honoring other forms of life
Employee Responsibility • Employees can make change even if companies don’t have policies • An 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 standards • Employee made policies eventually can become company policies
Taking Responsibility • Companies 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
Criticism • Not enough companies are doing their part to help the environment • Need both employee and company participation
Opinion • Our environment is our future • Companies produce waste on the largest scale • If they “go green”, harmful waste drastically reduces
The End Thank You
