SOCIAL CSR RELATED AND ENVIRONMENTAL ISSUES IN SOUTH AFRICA

1462 Words3 Pages
bulb-icon

Recommended: Introduction to corporate social responsibility

EXECUTIVE INTRODUCTION:

This report has been compiled to explore and investigate whether companies (retail and service) comply with the King 2 Report and the Triple Bottom Line Reporting, how the business has adopted these concepts into their daily business activities and how they compare to one another. The report includes the issues affecting South Africa and how they are linked to the King 2 Report. This report has mostly been compiled on the five levels of the Pick n Pay Corporation and ABSA Bank, namely their Corporate Social Responsibility, their stakeholders, their company performance, their BBBEE compliance and ethics. The first level deals with their responsibility to give back to society, to help in providing the basic needs and the whole concept of transforming society to one of a higher income group. The stakeholder level deals with how they manage their stakeholders in terms of policies that have been put into place and the attractiveness of the shares that may or may not draw investors. Their performance level will be used to determine each company’s ROI whilst the last levels deals with their compliance with BBBEE policies and how well they contribute to this, whilst acting ethically towards all stakeholders. This is all evident in the projects they are involved with, the initiatives and policies they follow and the way they conduct themselves in a sustainable way. This report deals comparing two companies, ABSA Bank and Pick n Pay, to conclude which company complies best with the requirements set according to the King 2 Report.

SOCIAL CSR RELATED AND ENVIRONMENTAL ISSUES IN SOUTH AFRICA:

Social CSR related issues:

Social CSR related issues in South Africa are the key factors in...

... middle of paper ...

...10/governance-reports.html, 22 April 2011

 ABSA Dividend History, ABSA Investor Centre, http://www.absa.co.za/Absacoza/About-Absa/Investor-Centre/Dividends, 25 April 2011

 ABSA Share Information, ABSA Investor Centre http://www.absa.co.za/Absacoza/About-Absa/Investor-Centre/Share-Information, 25 April 2011

 ABSA Share Prices, Money Am, http://www.moneyam.com/shareprice/42FI, 25 April 2011

MAGAZINES:

1. PNP 2009 Annual Report. 29 Jan 2010. Pgs 1-14.

2. PNP 2010 Annual Report. 29 Jan 2011. Pgs 4, 18, 22,32, 33

3. ABSA 2010 Annual Report. 29 Jan 2011. Pgs 21, 23, 26, 125, 325, 332, 336, 512

BOOKS:

1. Haber, I. Katherine, II & Geoffrey. 2001. Heinemann English Dictionary. Oxford, United Kingdom. Heinemann Educational Publishers.

2. Meyer, E & Russel, Y & Topper, S. 2011. Studying Business. Paardekraal. Excom Publishers CC. Pages used: 33, 195, 202

Show More
Related

  • History and Function of the Bar Mitzvah

    1423 Words  | 3 Pages

    Simpson, J. A., and E. S. C. Weiner. The Oxford English dictionary. 2nd ed. Oxford: Clarendon Press; 1989.Print.

    Read More

  • Chicano Nationalism

    1637 Words  | 4 Pages

    Berube, Margery S., et all; The American Heritage Dictionary Second Edition; Houghton Mifflin Company; Boston, Mass, 1985

    Read More

  • Company Q Social Responsibility

    786 Words  | 2 Pages

    Social responsibility in business is very important because it goes hand in hand with creating shareholder wealth. A business should strive to increase their positive effects on society and decrease their negative. In the case study we were given we were asked to examine Company Q’s relationship with social responsibility. Company Q is a small local grocery store located in a metropolitan area. After careful review of Company Q it is very evident that their social responsibility is poor and needs improvement. Recently they closed a few stores in higher crime areas blaming the closures on the stores consistently losing money. Company Q has finally begun to offer

    Read More

  • Contrast Between Satire in The Rape Of The Lock and A Modest Proposal

    1669 Words  | 4 Pages

    Baldick, Chris. The Concise Oxford Dictionary Of Literary Terms , New York: Oxford University Press, 1990.

    Read More

  • Philip Larkin's "Talking in Bed"

    1396 Words  | 3 Pages

    "Oxford English Dictionary." Search Results - Oxford English Dictionary. Oxford University Press. Web. 19 Mar. 2011. .

    Read More

  • A Stand for the Death Penalty

    889 Words  | 2 Pages

    The American Heritage Dictionary of the English Language: Fourth Edition. Boston, MA: Houghton Mifflin, 2000. Print.

    Read More

  • Corporate Social Responsibility

    1700 Words  | 4 Pages

    In recent years, companies are becoming socially responsible and now stakeholders almost expect a company to have CSR policies. Therefore, in twentieth century, corporate social responsibility (CSR) became an important development in public life (Barnett, ND).Corporate social responsibility is defined as “the ways in which an organisation exceeds the minimum obligations to stakeholders specified through regulation and corporate governance” (Johnson, Schools and Whittington, N.D cited in March, 2012). Stakeholders can be defined as “those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation depends” (Johnson, Schools and Whittington, N.D cited in March, 2012). There are many purposes for this essay, the first purpose is to descried the key principles of corporate social responsibility and explain their importance for stakeholders. Secondly, is to show how far this company follows those principles in order to be accountable to at least three of its stakeholders. In this essay, three stakeholders, environment, customers and employees will be evaluated respectively and the key principles of the stakeholders will be examined.

    Read More

  • Home Depot & Capital Structure

    987 Words  | 2 Pages

    Berk, J., & DeMarzo, P. (2011). Corporate finance: The core, second edition. (2nd ed.). Boston, MA: Prentice Hall.

    Read More

  • The Coca-Cola Company: Market Based Management and Value Driven Management Strategies

    1315 Words  | 3 Pages

    Contemporary management of the business. 7 ed. of the book. New York, NY: McGraw-Hill. McComb, S., Schroeder, A., Kennedy, D., & Vozdolska, R. (2012).

    Read More

  • Pick n Pay Case Study: King Code Adherence

    2292 Words  | 5 Pages

    Russel Y., Topper S., Akerman L., Oliveira J., Strydom Z.; 2013; Studying Business NSC Business Studies Grade 12; 2013 Edition; Paardekraal; Excom Publishers; 26/05/2014

    Read More

  • Corporate Social Responsibility Activities of Unilever

    3393 Words  | 7 Pages

    Worthington, I. and Britton, C., 2006. The business environment. 1st ed. Harlow: Financial Times Prentice Hall.

    Read More

  • Corporate Social Responsibility

    1916 Words  | 4 Pages

    Business organizations regularly run into demands from various stakeholders groups when conducting day-to-day business. These demands are generated from employees, customers, suppliers, community groups, governments, and shareholders. Thus, according to Goodpaster, any person or group of people that can shape or can be shaped by attainment of the objectives by an organization is considered a stakeholder. Most business organizations recognize and understand their responsibilities to these groups and endeavor to honor and fulfill them. These responsibilities are often communicated to the public by a statement of principles or beliefs. For many business organizations, corporate social responsibility (CSR) has become an essential and integral part of their business. Thus, this paper discusses the two CSR views: the classical view and the stakeholder view. Furthermore, I believe that the stakeholder view has brought ethical concerns to the forefront of businesses, and an argument shall be made that businesses would improve both socially and economically if CSR, guided by God’s love, was integrated into their strategic planning.

    Read More

  • Joseph’s Dialect in Wuthering Heights

    1322 Words  | 3 Pages

    Fromkin, Victoria, Robert Rodman, and Nina Hyams. An Introduction to Language. 8th ed. Boston: Thomson, 2007.

    Read More

  • Cash Management

    1080 Words  | 3 Pages

    McHugh, J. M., McHugh, S. M., & Nickels, W. G. (1999). Understanding business. (5th ed.). New York: McGraw-Hill.

    Read More

  • Dell's Competitive Strategy

    2470 Words  | 5 Pages

    18. Rugman, Alan M. and Collinson, Simon. International Business 4th Edition. Essex : Pearson Education Limited, 2006.

    Read More

More about SOCIAL CSR RELATED AND ENVIRONMENTAL ISSUES IN SOUTH AFRICA

Open Document