Climate Change Corporate Social Responsibility - 2592 Words

1. Introduction: In recent year, fighting climate change is a one of pivotal issues which require an interference from variety aspect in society, not merely a responsibility of government but also mandate of businesses. To defend a substanable growth of the business, taking care of stakeholder’s right should be paid attention, especially energy companies which directly integrate with government, community and environmental issue. A corporation is likely to obtain several perquisites throughout treats in a socially responsible manner, among them: the elevation of financial achievement and the mitigation of operating costs; the enrichment of the organization image and reputation; the upgrade of customer loyalty and sale (cited in†¦show more content†¦They can perceive incentives policy from conventional when they practice the responsibility for the development of society throughout such as creating new job, ensuring working safety, transforming from old technology to clean one, diminis hing carbon emission and finding a solution for environmental life. As this report is targeted at identify the notion of BP on Corporate responsibility and evaluate the damge from oil spill in the Gulf of Mexico to their image, these interpretations are most relevant. b. Business ethics: Not surprisingly, ethical factors in business is more paid attention in recent years. Two issue include collecting profit and spending on external elements to guarantee human life is a conflict because it will alleviate business’s profit for shareholder. It relevants to decision-making of manager when they have to consider between their profitability and cost of outside issue. Expending opportunity cost on social factors will diminish business’s profitability. Nevertheless, according to Ferrell and Fraedrich (quoted in Bering and Adriaenssens, 2011), the moral rule and criterions that drive behaviour in the world of business can be identified as business ethics. From those cognitions, business ethics is majority base on voluntary spririt of business and philanthropic factors of leader in anShow MoreRelatedThe Critical Implications Of Climate Change For Business1034 Words   |  5 PagesWhat are the critical implications of climate change for busine ss? A business plays a heavy and critical role in the contribution to global climate change. 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