Corporate Social Responsability

Question 1

Implications of CR

Answer 1

• not phylantrophic (based on interest)
• needs to be a win-win solution
• not only means boundaries but also opportunities

Question 2

What are the 3P’s

Answer 2

-people
-planet
-profit

Question 3

What are ESG

Answer 3

• used by social investors
  -Environmental standards: how thy. care for sustainability
  -Social standards: how they engage with their employees
  -Governance: how they deal with shareholders rights, board …

Question 4

what is greenwashing

Answer 4

when companies say that they are doing more that they really are

Question 5

what is social washing

Answer 5

-hiding negative reviews

Question 6

what was the VW scandal

Answer 6

-installed defeat devices
- cheat US emissions testing
- Pushed sales in the US market
- At the same time invested in marketing campaigns that promoted low emission cars
-brand image was affected

Question 7

what were the main causes of the VW scandal

Answer 7

• their software allowed them to cheat on emissions
  -intense competition
  -pressure to meet emissions scandal
• corporate culture that aims to prioritize profits

Question 8

should MNE take responsability for employees behaviour

Answer 8

• one hand yes, they have ensure their employees work under a code of conduct and provide them adequate training plus making them accountable shows that the company gives importance to this issue

-if they are not accountable, is because they consider their employees own individuals that can make their own decisions and this discourages investment

Question 9

What is Patagonia main motivation behind tehir activist positioning

Answer 9

• commitment to values and missions
  -strong emphasis on values and social responsability
• founder values and beliefs
  -using marketing campaigns to raise awareness

Question 10

how did patagonia benefited from supporting sustainability

Answer 10

• built strong barnd identity
• have a loyal customer base
  -reduced costs
• reduced waste
  -increased efficiencu

Question 11

what are the risks of adopting a more sustainable aproach in a comopany

Answer 11

-customers don’t agree with pratices
-loss of sales
-possibel law suits
- may divert focus from important business priorities

Question 12

what was the BP Deepwater horizon oil spil

Answer 12

• largest oil spil in industry
  -accused of weak safety system

Question 13

what was the IKEA scandal

Answer 13

• indian rugs were being made by children

Question 14

what did IKEA do to respond to this scandal

Answer 14

• audited the supply chain
  -abandoned any relation with countries that may use child labor

Question 15

how could’ve IKEA prevented this

Answer 15

• revise contracts
• higher fines for unethical behavior
• ggiting more involved with the cause