Corporate Social Responsibility Reports Essay

For so long, businesses tend to overlook the repercussions of their actions. They be so rivet at maximizing the potential profits and minimizing the courts that the negative environmental, scotch and social impacts of their operations atomic number 18 not considered. Nowadays, in an era wherein citizens are flavor at the morals of companies, CSR or corporal social responsibility initiatives are the in the buff trend regarding business ethics. Companies set up foundations and the wish to create and implement CSR programs to designate that they are to a fault concerned close to our society and the world that we live in.The answer fors on corporate social responsibility by Hewlett Packard and Toshiba are the ones that are going to be looked at in this paper. Both pennings are remarkable nevertheless I am more impressed with Toshibas root word. HPs report has provided an easier way of apprehension and locating the key and relevant data needed than Toshibas report but T oshiba has provided greater amount of details in the firms initiatives and the issues are cover more effectively than HPs.The reports entertain envisionn a great deal of presenting their performance on issues relating to the environment, economy, and society as special details of their programs towards these areas are besides shown in the report allowing an assessment of these. I devote the reports of these two companies because it would be unethical to make water fraudulent claims on ethical reports. It would be a big backlash on the gilds integrity and honesty. The report of HP has not presented details as to whether it is audited but independent parties or not.On the other hand, Toshibas report is audited by Shinnihon Integrity Assurance Inc. (SIAI) as to the shape of the report to fundamental provisions of AA gigabyte relating to the firms accountability to its stakeholders and if the report is put together based on the GRI Guidelines requirement. (www. corporateregiste r. com). Toshiba in like manner presented the eco-efficiency report done by Shin Nihon Environmental Management and tone Research Institute Co. , Ltd. so that an naive and reliable report is assured (www.corporateregister. com). transnationalistic standards and codes are becoming more hot nowadays due to their CSR nature. These standards are aimed at promoting environmentally and socially aware companies the guidelines presented in them. Toshiba has received credential for ISO 9000 and 14000-series. Currently, they are operative into adopting the ISO 9001 or the certification on eccentric management dust and implementing the ISO 14001 or the certification on environmental management system (www. corporateregister. com).They nonplus been guided by the principles of the UN ball-shaped Impact and the Global Reporting gap (GRI) guidelines, and work lucidly been overwhelmd in the Dow Jones Sustainability Indexes (DJSI) which is geared towards socially accountable place (w ww. corporateregister. com). On the other hand, HP has utilise the standards from the Organization for Economic Cooperation and Development (OEDC) Guidelines which are aimed at protecting the confidentiality and transfer of in-person information from customer and employees as these are increasingly becoming a chore in the information technology diligence (www.hp. com). They have also been guided by the principles of the UN Global Impact (www. hp. com). The initiatives are consistent with the substance competencies of the firms because they are not skillful geared towards external works much(prenominal) as donations etc. They also focused on the internal aspects of their connection standardized requiring their suppliers to adhere to CSR programs or that they use a system wherein they would be able to postulate and recycle their used products from customers.These would give them an top(prenominal) hand than their competitors who are not implementing CSR internally. These al so became consistent with the companys core values because of its orientation at change the standards and code of conduct with the firms premises. Applying CSR internally in the companys operation is a remarkable thing. This is because it bears cost that could mean a decrease in the firms profits than is expected. Whereas if the company would just donate, the amount of money that they go forth give is already fixed.For example, $10 jillion is allotted to the recycling program of the company but due to unforeseen events like unexpected cost for implementing the program it bloated to $ ampere-second million. Whereas if they had just donated the $10 million, they would not have incurred additional cost and their operation not jeopardized. I would say that HP should complicate the international standards certifications and benchmarks that their company has on their CSR report. They should also get a third troupe point of view with regards to the auditing of their report to show the transparency in their report.As for Toshiba, I would say that they should not clutter overly much information to their CSR report. They should only include those that are relevant to which is related to the CSR initiatives of the company. They should also get more independent auditing. Although they have third party perspectives for their AA 1000 and their eco-efficiency, in that location are still other international standards or benchmark claims in the report that needs to be audited and certified on-key by pertinent authority.