BSBSUS601 Lead Corporate Social Responsibility: Task Summary
October 14, 2022 | Author: Anonymous | Category: N/A
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BSBSUS601 Lead corporate social responsibility Task 2 – Wrien Report
Task summary is to be completed using the case study as simulated work environment. This This assessment assessment task requires the student to develop a Corporate Social Responsibility Policy using the case study provided and a Corporate Social Responsibility Review of an organisaon he or she is familiar with.
Required
Access to textbooks/other learning materials
Access to Canvas
Computer with Microso Oce and internet access
Timing
Your assessor will advise you of the due date of this assessment via Canvas.
Submit
This completed workbook.
Assessment criteria For your performance to be deemed sasfactory in this assessment task, you must sasfactorily address all the assessment criteria. If part of this task is not sasfactorily completed, you will be asked to complete further assessment to demonstrate competence.
Re-submission opportunities You be provided feedbackthe on requirements your performance by part the Assessor. The feedback will indicate if you havewill sasfactorily addressed of each of this task. If any parts of the task are not sasfactorily completed, the assessor will explain why, and provide you wrien feedback along with guidance on what you must undertake to demonstrate sasfactory sasfactory performance. Re-assessment aempt(s) aempt(s) will be arranged at a later me and date. You have the right to appeal the outcome of assessment decisions if you feel that you have been dealt with unfairly or have other appropriate grounds for an appeal. You are encouraged to consult with the assessor prior to aempng this task if you do not understand any part of this task or if you have any learning issues or needs that may hinder you when aempng any part of the assessment.
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Assessment Cover Sheet
Candidate name: Candidate ID
Trainer’s Name:
Date Submied: Candidate I declare that: declaraon: I have read and understood all the informaon provided in relaon to the assessment requirements to complete this unit, the instrucons and the purpose and processes of undertaking this assessment task This assessment is my own work and where other’s works or ideas have been used, I have appropriately referenced or acknowledged them I understand that plagiarism is a serious oence that may lead to disciplinary acon. Candidate signature:
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Task 2 – Wrien Report
Part A – Corporate Social Responsibility Policy In this task, you need to create a Corporate Social Responsibility Policy using the case study and template provided. In your Corporate Social Responsibility Policy, you need to detail the following: 1. Describe Describe by qualifying qualifying and quanfyi quanfying ng the drivers drivers for corporate corporate social social responsibil responsibility ity 2. List the current current benets benets of, and barriers barriers to, corpora corporate te social responsi responsibili bility ty for the organ organisa isaon on 3. Legislaon Legislaon,, regulaon, regulaon, standards standards and organisao organisaonal nal policy aecng aecng corporate corporate social social responsibility analysis in relaon to ABC Corporaon 4. List future future opportuni opportunies es for social socially ly responsible responsible pracc pracces es for ABC Corpora Corporaon on 5. List the the key stakeholde stakeholders rs for organisa organisaona onall corporate corporate social social responsibili responsibility ty 6. Strategie Strategiess on how to engage with stakehold stakeholders ers to develop develop corporate corporate social social responsibilit responsibility y objecves and policy 7. Change Change management management provisions provisions for corporate corporate social social responsibil responsibility ity strat strategy egy for ABC Corporaon Corporaon 8. Social Social responsibili responsibility ty strategy strategy into required required organisaona organisaonall systems, procedure proceduress and processes processes 9. Describe Describe the procedure proceduress you will in preparing preparing and distr distribun ibung g documentao documentaon n regarding regarding corporate social responsibility strategy (Approximately 500 words) Case Study
You have just been hired as the new Innovaon Manager of ABC Corporaon. You have been tasked to create a Social Responsibility Policy for ABC Corporaon. The corporaon aims to go green in the next 3 months and perform paperless transacons starng 1 August 2021.
Corporate Social Responsibility Policy
Describe by qualifying and quanfying the drivers for corporate social responsibility
As a form of self-regulaon, Corporate Social Responsibility (CSR) refers to voluntary business, social and environmental acons to correctly interact with the natural environment and stakeholders. In the CSR literature, several approaches have been idened to measure CSR. However, most of the previous studies used four methods extensively in order to measure CSR, which are the disclosure method, forced-choice quesonnaire surveys, reputaonal indices or scales, and single dimension-based measure. 3|Page
the key drivers for rms becoming more socially responsible are:
Government legislaon.
customers’ expectaons of rms.
consumer lobby groups.
the extent of costs involved.
the type of industry in which they operate.
the potenal for compeve advantage.
top-level corporate culture.
Current benets of, and barriers to, corporate social responsibility for the organisaon
Firm-specic barriers are micro factors that are heterogeneous and their impact on CSR implementaon could vary among individual rms. To some extent, these barriers can be inuenced, controlled, and managed by a rm through change management and transformaon of organizaonal culture and leadership.
Lack of Resources The lack of resources, including nances, human capital, knowledge, and experse, has been reported to be a common barrier to CSR implementaon. In fact, for eecve implementaon of CSR in shipping, large amount of resources is required.
Lack of Strategic Vision The lack of strategic vision is oen aributed to the lack of top management commitment.
Lack of Measurement Systems Measurement systems are required to quanfy the benets for implemenng CSR. Subsequently, they serve as a useful tool for the evaluaon e valuaon and control of CSR performances, and as a basis for rewards.
Legislaon, regulaon, standards
It is therefore imperave to be able to idenfy such acvity 4|Page
and organisaonal policy aecng
and we take the view that there are three basic principles
corporate social responsibility
which together comprise all CSR acvity.
analysis
These are:
Sustainability
Accountability
Transparency
Being a socially responsible establishment can bolster a company's image and build its brand. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility programs can boost employee morale and lead to greater producvity in the workforce.
Future opportunies for socially responsible pracces
CSR issues are expected to remain the same, though the performance bar will connuously be raised. The environment, poverty and social exclusion and governance, ethics, transparency and accountability are expected to be the dominant future CSR issues. Specically, the issues of the environment, human rights, corrupon, employee and community relaons, philanthropy and product quality will be the focus as they pertain to internaonal laws, customs, and global business pracces and societal impact.
key stakeholders for organisaonal corporate social responsibility
A person, group, or organizaon that has direct or indirect stake in an organizaon because it can aect or be aected by the organizaon’s acons, objecves, and policies. Key stakeholders in a business organizaon include creditors, customers, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources. Although stake-holding is usually self-legimizing (those who judge themselves to be stakeholders stakeholders are stakeholder), stakeholder), all stakeholders are not the same and dierent stakeholders are entled to dierent consideraons.
Strategies on how to engage with stakeholders to develop corporate 5|Page
social responsibility objecves and
Praccal implicaons - Managers can adopt a stakeholder-
policy
inuenced CSR strategy to generate strong corporate reputaon to improve business performance. Regulatory controls of CSR messages could reduce or eliminate inaccurate and misleading informaon among public. Corporate social responsibility includes the responsible business organizaon with respect to stakeholders (shareholders, employees, customers, and suppliers), the business relaonship with the state (local and naonal) instuons and standards, the business as a responsible member of society in which it operates.
Change management provisions for corporate social responsibility strategy
While there are many ways leaders can manage change, some of the best change management strategies include planning, transparency and honesty, communicaon, and employee parcipaon.
Social responsibility strategy into required organisaonal systems, procedures and processes
Corporate social responsibility is tradionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility.
Procedures you will in preparing
Determine what makes your company unique.
Look at the gold standards for guidelines.
Engage employees.
Consider health and safety.
Dra it.
Brand it.
Establish metrics.
Treat the program like a course of study and create a
and distribung documentaon regarding corporate social responsibility strategy
curriculum.
Part B – Corporate Social Responsibility Review 6|Page
Choose an organisaon that you are familiar with to be the subject of this task. You need to develop a Corporate Social Responsibility Review of its operaons for the past 12 months. In your review, make sure to detail the following: 1. Procedures Procedures you followed followed to conduct conduct the review review of corporate corporate social social responsibil responsibility ity integ integrao raon n with all its stakeholders.
Build our strategy around our company's core competencies. CSR can be both a risk migaon strategy and an opportunity-seeking strategy strategy,, and leaders should look for the ‘sweet spot’ within their organizaons.
Recognize issues that maer to our customers. Consumers are rewarding socially responsible companies through brand loyalty, making donaons to charies corporaons support, and purchasing products that provide a social benet.
Develop CSR iniaves that make our employees proud. Strategic companies are also using CSR programs to protect and grow their biggest asset—their employees. “Being a good employer has always served businesses well in terms of recruitment and retenon, now those pracces can also yield broader posive business benets,”
Measure the ROI of our CSR eorts for the C-suite and our investors. i nvestors. Evaluang CSR programs can be overwhelming, especially when iniaves can span many dierent departments such as human resources, markeng, sustainability and compliance.
Expand our company’s denion of CSR. Tradionally, good corporate cizenship was dened by annual giving programs, cause markeng campaigns, and eorts aimed at reducing environmental resources.
Be prepared for rapid response to current events and social movements. CSR programs have the potenal to bring value to business and society, but only if done well. By aligning corporate cizenship eorts with revenue-generang acvies, you can ensure your CSR program is strategic and sustainable.
2. Strategie Strategiess you used to evaluate evaluate corpor corporate ate social social responsibil responsibility ity against against organisao organisaonal nal sustainability objecves 7|Page
“There’s no true set of universally understood or valued criteria on how CSR programs are measured,”
Transparency on progress towards communicated goals
Strategic alignment between a company’s services and their CSR work
Buy-in from senior leadership
Demonstrated understanding of the issues being addressed by organizaons
Community assessment such as formal or informal evaluaon e valuaon of an organizaon’s CSR work by members of the community being served
While there’s no unied standard for measurement of CSR campaigns (in part because the work is so dierent from context to context), there are few industry-standard tools out there:
Communi Com munityMa tyMark rk : A top measurement tool for community involvement
GRI : The rst rst global standards for sustainability reporng
SA SASB SB : Measuring the nancial nancial impacts of sustainability
B Corp Cor p cerca cer caon on : For aligning company pracces to an array of CSR goals
UN Framew Fr amework orkss: Global compacts such as the UN Sustainable Development Goals that guide countries and organizaons towards greater sustainability and corporate
responsibility.
Internaonal Interna onal Labor Organizaon Organizao n supplier frameworks framework s: For companies interested in
ensuring human rights within the supply chain
3. List of your recommen recommended ded improvemen improvements ts to corporate corporate social social responsibil responsibility ity policy policy and pracces pracces
Align with our mission and values
There are a multude of ways to give back and parcipate in our community. If wedon’t know where to start, look for opportunies that align with our mission and values. 2. Align with our business service
Do what you do best as a company and leverage our core business service or product in a socially responsible context.
3. Go green
There might be everyday changes that can reduce the environmental impact of our workplace, 8|Page
such as recycling programs, waste reducon, and energy e nergy conservaon. To maximize the eecveness of these eorts, we need buy-in and parcipaon from employees, so make it fun and accessible by featuring an “environmental p of a month.” 4. Mobilize employees through a commiee
Chances are there are some employees in our company who are parcularly passionate about social responsibility. Because this is an ongoing project, creang a commiee that focuses on these eorts will ensure that our company takes acon regularly. Further, a commiee is a great way to engage employees through their interests. 5. Volunteering as a team building acvity
Volunteering together can be a great team building acvity. Consider establishing a regular schedule for volunteer events with our team or department. Some organizaons even set aside a certain amount of hours each quarter for osite volunteer acvies. Keep in mind that some nonprot organizaons require special clearance forms or addional training, so be sure to plan these group events far in advance. 6. Create a dialogue Regularly educate employees on our social responsibility program and why it’s important to
our company. Include an overview in training and communicate how employees can parcipate. Just like with other culture programs we implement, use surveys to gather feedback from employees and crowdsource ideas for future programs.
End of Assessment
Congratulaons, Congratula ons, you have completed this assessment task. task. Please ensure all quesons are answered and upload the following:
This completed workbook
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