Corporate Social Responsibility & Wal-Mart

An overview of Wal-Mart. In 2005, part of Louisiana had the worst flooding on record. Thousands of peoples lives were in danger and millions of Americans watched in horror as thousands of Americans were lying in the street without the essentials of life, some were clinging to detonating device tops, and lying in the streets without food, clothing or shelter. Wal-Mart saw the need to rate in and sustain and reach out. Inspired by its role in boostering Katrina victims, Wal-Mart looked at the impact a company its size could project throughout the world on a daily basis if it embraced merged kindly duty (CSR). Ferdinand p. 1) Recently, Haiti and Chili were hit with devastating earthquakes. Who is responsible to help? Wal-Mart felt socially responsible to help. Each business is responsible for having a code of conduct and acting in accordance of its economics, commercial and social goals. Ethical standards should be a part of all businesses. The goal is to perpetrate ethical be havior and always have an intention to being honest, exquisite and truthful. This is being socially responsible.Social Responsibility is Obligation of an organizations management towards the welfare and interests of the friendship which provides it the environment and resources to survive and flourish, and which is affected by the organizations actions and policies (Business dictionary). Walmart has accepted social responsibility as a part of its organization. It has worked very hard in the medieval several years to show how it is not just responsible for its employees, only it is also socially responsible to help a society that unavoidably its products and services on many levels.Jag will explain the policies and procedures of social responsibility. Wal-Marts delegacy statement Saving people money, so they can live fracture speaks to the value that Walmart places in corporate social responsibility. Walmart has a philosophy of operate globally while giving back locally. Acco rding to Wal-Marts corporate website, Walmart provides pecuniary and volunteer clog to more than 100,000 charitable and community-focused organizations. The Walmart Foundation was developed to help support large and small organizations with programs that serve on state and topic levels.In addition to monetary giving and in-kind donations, Walmart has set responsible sourcing initiatives with its global suppliers to realize meaningful and positive change, both environmentally and socially. For example, Walmart is requiring all direct present moment suppliers to source 95 percent of their production from factories that receive one of deuce highest audit ratings for social and environmental practices. Furthermore, Walmart uses an approach called Sustainability 360 which is a business scheme developed to minimize waste, increase efficiency and find ways to support communities and suppliers that make the business successful.This approach involves redesigning its stores to be more energy businesslike and produce lower greenhouse gas emissions, reducing its carbon footfall from its fleet of trucks, reducing plastic bag waste by crack reusable bags, encouraging suppliers to develop more environmentally friendly promotion of products to help reduce waste, and even training its Ethical Sourcing auditors to be tasked with supplier development, or special investigation functions. Furthermore, Walmart carries energy efficient products that are bully for the environment, and ultimately help consumers save on energy bills.These products are feature in weekly promotions to help create awareness and educate on energy efficiency. For a company the size of Walmart, the need to be socially responsible is vital is sustaining business. Work Referenced Business Dictionary. (2010) Social Responsibility. Retrieved celestial latitude 6, 2010, from http//www. businessdictionary. com/definition/social-responsibility. html Ferdinand, A. (2007) Wal-Mart determined to lead in Corporate responsibility. Retrieved declination 6, 2010, http//www. mccombs. utexas. edu/news/pressreleases/Blackwell07. asp