Corporate social responsibility of coca cola ppt. Corporate social responsibility of coca cola 2022-12-21
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Corporate social responsibility (CSR) refers to the voluntary actions that companies take to contribute to the social, economic, and environmental well-being of their communities. Coca-Cola, as a global multinational corporation, has a significant impact on various stakeholders, including employees, customers, communities, and the environment. As such, the company has a responsibility to consider the impact of its actions on these stakeholders and to take steps to minimize any negative impact.
One way in which Coca-Cola demonstrates its commitment to CSR is through its sustainability initiatives. For example, the company has set a goal to recover and recycle the equivalent of every bottle or can it sells by 2030. To achieve this goal, Coca-Cola is partnering with governments, NGOs, and other organizations to invest in recycling infrastructure and educate consumers about the importance of recycling.
Another way in which Coca-Cola demonstrates its commitment to CSR is through its support for various social and environmental causes. For example, the company has a long history of supporting education, health, and disaster relief efforts around the world. Coca-Cola also partners with organizations such as the World Wildlife Fund and the Carbon Trust to help address environmental challenges such as climate change and water conservation.
In addition to its sustainability initiatives and philanthropic efforts, Coca-Cola also focuses on ethical business practices. The company has a code of conduct that sets out its expectations for the behavior of its employees and contractors, and it has established a number of programs to promote ethical behavior, such as its Global Anti-Corruption Policy and its Global Business Ethics Council.
Overall, Coca-Cola has a strong track record of demonstrating its commitment to CSR through a variety of initiatives and programs. While the company has faced criticism and controversy in the past, it has consistently worked to address these issues and improve its CSR practices. As a result, Coca-Cola is recognized as a leader in the field of CSR, and it continues to work towards creating a positive impact on its stakeholders and the world.
Corporate social responsibility of coca cola
It can be argued that critical thinking was also applied with regard to the other corporate social responsibility activities associated with the company. Many organizations will therefore adopt CSR strategies due benefits discussed here in Coca-cola company, 2000. One can argue that social responsibility goes hand in hand with the ethics of the organization. The Coca Cola Company is dedicated to bringing positive changes to the communities in which it operates, whether through the ingredients it purchases from suppliers, the beverages it produces, or the services it provides to customers and consumers, because the more socially conscious and responsible a company is, the more public support it will receive. Coca Cola will continue to assist and create access to clean water, as well as strengthen community resilience, with an emphasis on women, having previously improved the lives of over 13. They are constantly refining their climate change solutions and goals to fit with the current climate knowledge through their Science-Based Targets.
University of Bahrain Corporate Social Responsibility of Coca Cola PPT
The coca Cola Company believes that for their business to be successful, the community within must be successful too. Position and technology of corporate social responsibility in company management. Plastic waste and pollution are global problems that no single government, company, or sector can manage on their own. In a world where social causes are becoming more relevant, the private sector has been forced to adopt corporate social responsibilities as a way of giving back to their communities, and their customers. Community Our commitment: we will make a positive difference in our communities, work with local partners and support the active involvement of our employees.
Through critical thinking, the decision made has increased sales, in turn, has also increased profits. There were no adverse ethical repercussions for the decision made. Companies like Coca-Cola shift suppliers whenever they are offered lower prices arising from competition. Coca-Cola spends 16% of its social responsibility budget on promoting healthier lifestyle choices through the production of healthier beverage options Dudovskiy, 2015. Product Responsibility Our commitment: we will provide a wide variety of quality, refreshing with nutritional and ingredient information so consumers can make informed beverage choices. This is beneficial to businesses as a reputation of integrity and good practice is build. Business Decision Coca-Cola uses 1% of its total annual sales to its corporate social responsibilities activities.
The sections are the environment, education, community, active and healthy living, in-kind, humanitarian disaster relief, and other health initiatives. CRS studies: Coca cola. In the case of Coca-Cola, the premise is correct. Water Management Our commitment: we will set the standard for water efficiency, establish a water sustainable operation and minimize water impacts throughout our entire value chain. This makes risk management a vital part among the corporate society to avoid accidents or scandals involving corruption which may draw unwanted attention from the media, government or regulators. Health concerns over the drinks produced by the company arose. A CSR program would be of great value during recruitment or retention.
Whereas the company has seven elements in their corporate social responsibility policy, the essay analyzed one — healthy living. Corporate Social Responsibility of coca cola CSR Corporate Social Responsibility is a way of self- regulation that is built into a business model. One such ethical implication was the provision of healthy options the company gave its clients. Through its policy, CSR assists a business to monitor and ensure that its activities are in compliance with the law. Coco Cola has over 200 brands globally, including reduced-sugar drinks and smaller containers, ranging from sparkling water to dairy to delightful soft drinks and natural juice. A CSR program may be used as a human resource tool considering the highly competitive graduates in the market for hire. This creates greater profits which in turn aid in strengthening the market Coca-Cola Company, 2000.
With the increasing number of companies producing the same product, the market place has become competitive and thus need for uniqueness. It is important to note that whereas many people believe that corporate social responsibility should be communal activities that give back to the community, the term also includes activities that give profit to the company, but still improve the wellbeing of target communities. International Journal of Recent Research Aspects, 4 3 , 126-131. Due to the obvious urgency of climate change, they must reconsider how they plan for the future. Therefore, organizations have been urged to embrace measures beyond financial gains and there are lost of literature written of the same perspective. The foundation of our business is the world's most recognized brand, Coca-Cola, alongside Diet Coke, Coca-Cola Light, Fanta, Sprite, as well as exciting new innovations introduced regularly.
Songmi, Han-Suk, and Minjung 2017 observe that the company was able to make more profits after the introduction of Coke Zero. Use discount Influence of the Corporate Social Responsibility As stated, the corporate social responsibility chosen is the active promotion of healthy living through the production of healthier beverages. This kind of business model has enabled coca cola to engage in community based projects such as the water project in Vietnam. Additionally, a portion of their proceeds will be contributed to charitable organizations and community causes. This is why they are so concerned about environmental issues.
How multinational corporations can utilize corporate social responsibility. COCA- COLA Coca-Cola is a carbonated soft drink sold in stores, restaurants, and vending machines throughout the world. Coca Cola are working hard to improve their drinks and add additional nutritional value by including functional ingredients, vitamins, and important micronutrients. The chosen ethical decision, which also has a corporate social responsibility angle, takes on both a company and a social approach. Coca Cola would like to support bottling operations in high-risk areas by regenerating and conserving water. CSR, basing on distinctive ethical values, help build customer loyalty. Through critical thinking, the company was able to produce healthier beverage options for its clientele.
