Primark s Corporate Social Responsibility - 954 Words

Summarize the Ways in Which PRIMARK have Lived Up to their Corporate Social Responsibility (CSR) Policies and Ways in Which They could or should have Done Better. Primark, an Irish clothing retailer company was set up and headquartered in Dublin in 1969. Nowadays, there are over 250 stores across the United Kingdom, Ireland, Europe and the United States. Moreover, Primark operates with about 700 suppliers in China, India, Bangladesh, Turkey and Eastern Europe. Primark takes corporate social responsibility for the shareholders, owners, customers, suppliers as well as employees. Corporate social responsibility is that a company not only creates profits for the shareholders, but also undertakes the social responsibility for customers, employees and environment, including complying with business ethics, rights of workers and the rules of environmental protection. In order to develop continuously, corporate social responsibility plays an significant role in a company, which drives stakeholders have reliance on the company. This essay focuses on the ways in which Primark taking its duty to society and the ways in which the company should have done b etter. Primark meets the corporate social responsibility to environment at large. Firstly, Primark establishes a partnership with CottonConnect aiming to improve the farming technique that growing cotton with fewer resources. In this way, the farmers can earn more money for themselves. Secondly, in order to promote a green productionShow MoreRelatedEthical And Socially Responsible Business Practice1662 Words   |  7 Pagescorporations and the strengths that are drawn from their ethical and socially responsible business practice. In today s business world, it is difficult for corporations to define what is regarded as a responsible business practice in the areas of ethical and social responsibilities. The hallmark of a good company is to maintain a strong ethical practice, values, policies and social responsibilities that guides its conducts as well as the activities of its employees. Taylor (1975), defined ethics as the inquiryRead MoreTaking a Look at Primark1488 Words   |  6 PagesPrimark is an Irish retailing company that is widely established in the value fashion sector. The company is a subsidiary of ABF plc (Associated British Foods) and its main headquarters are in Dublin, Ireland, where the first store opened on Mary Street in 1969 under the trading name Penneys. Primark now operates in 9 countries, 268 stores, in Ireland (branded as Penneys), the United Kingdom, Spain, the Netherlands, Portugal, Germany, Belgium, Austria and France. 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Some students from last year recommended me to buy socks, stockings and accessories there and they used â€Å"cost-effective† to describe it, but this â€Å"word-of-mouth† still not persuasive enough to motivate me to take an action. The first time I went to Primark was last September. I passed by the Primark flagship store on Oxford Street, I was extremely surprised at the crowd in front of the outlet because almost everyone bought loads of thingsRead MoreThe Social Reporting Methods And Activities Of 2 Fashion Companies2522 Words   |  11 Pagesthat Corporate Social Responsibility (CSR) is a top priority in the business world. It is no longer enough for a business to measure its high performan ce against key business ethics that includes profitability, level of sales and operational efficiency. â€Å"Corporate Social Responsibility is a commitment to improve community well being through voluntary business practices and corporate resources† (Kotler and Lee, 2015). The prominence of CSR is reflected when a search of the phrase ‘Corporate SocialRead MoreImpact Of Corporate Social Responsibility On A Companys Performance1127 Words   |  5 Pagesextent is Corporate Social Responsibility (CSR) beneficial to a company’s performance? Sub-prompt: Evaluate how CSR can be beneficial to company’s financial performance. 1. Introduction Corporate social responsibility (CSR) has become more influential when making company’s decisions. 53% of the SP, an index based on market capitalizations of 500 U.S. companies, has published CSR reports in 2012 as compared to 19% in 2011. An approach, suggested by Business for Social Responsibility, considersRead MoreExplain the ethical issues a business needs to consider in its operational activities3515 Words   |  15 Pagesfrom the beginning to work ethically and ethics from a part of its strategic aims. What Is Business Ethics? Business ethics is an organisation which works to achieve corporate aims. The aims are dictated by the kind of organisation itself. A public service organisation, for instance, must deliver government services such as social services. A private business seeks profit for the benefits of its owners. Business managers in these organisations are paid to make decisions that will help the businessRead MorePest, Swot And Porter s Five Forces Model Of Competitive Advantage1646 Words   |  7 Pagesoverview of the renewable energy industry and some other background, a critical environmental analysis of the industry will be examined using PEST, SWOT and Porter s Five forces model of competitive advantage. 3.1 Political, Economic, Social and Technological (PEST) Analysis 3.1.1 Political Factors The continuing decline in the UK s oil and gas industries has led to an increasing need to import oil and gas (Keynote, 2010). Resulting in the UK competing in the world markets for its oil and gas requirements