Corporate Social Responsibility Reports Essay

For so long, businesses tend to overlook the repercussions of their actions. They argon so center at maximizing the potential earnings and minimizing the greets that the negative environmental, frugal and social impacts of their exercises are not considered. Nowadays, in an era wherein citizens are looking at the morals of companies, CSR or corporate social province initiatives are the new trend regarding business ethics. Companies set up foundations and the worry to create and implement CSR programs to show that they are also concerned about(predicate) our society and the world that we live in.The business relationships on corporate social indebtedness by Hewlett Packard and Toshiba are the ones that are going to be looked at in this paper. Both delineates are remarkable notwithstanding I am more(prenominal) impressed with Toshibas opus. HPs report has provided an easier way of brain and locating the key and relevant information needed than Toshibas report but Toshi ba has provided greater amount of details in the firms initiatives and the issues are covered more effectively than HPs.The reports carry shown a great deal of presenting their performance on issues relating to the environment, economy, and society as limited details of their programs towards these areas are also shown in the report allowing an assessment of these. I trust the reports of these two companies because it would be unethical to make fraudulent claims on ethical reports. It would be a big backlash on the confederacys 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 compliance of the report to unsounded provisions of AA one C0 relating to the firms accountability to its stakeholders and if the report is swan together based on the GRI Guidelines requirement. (www. corporateregister. com). Toshi ba also presented the eco-efficiency report done by Shin Nihon Environmental Management and Quality Research Institute Co. , Ltd. so that an impartial and reliable report is assured (www.corporateregister. com).International standards and codes are proper more popular 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 certification for ISO 9000 and 14000-series. Currently, they are operative into adopting the ISO 9001 or the certification on quality management system and implementing the ISO 14001 or the certification on environmental management system (www. corporateregister. com).They have been control by the principles of the UN Global Impact and the Global Reporting Initiative (GRI) guidelines, and have consistently been included in the Dow Jones Sustainability Indexes (DJSI) which is geared towards socially accountable investment funds (www. corporateregi ster. com). On the other hand, HP has implemented the standards from the Organization for Economic Cooperation and exploitation (OEDC) Guidelines which are aimed at protecting the confidentiality and transfer of personal information from customer and employees as these are increasingly becoming a problem in the information technology industry (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 core competencies of the firms because they are not just geared towards external works such as donations and so on They also focused on the internal aspects of their familiarity like requiring their suppliers to nonplus 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 upper hand than their competitors who are not implementing CSR internally. These also became consistent with the companys core value s because of its predilection at improving 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 will give is already fixed.For example, $10 million is allotted to the recycling program of the company but due to unforeseen events like unexpected cost for implementing the program it bloated to $100 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 include the international standards certifications and benchmarks that their company has on their CSR report. They should also get a third party tier 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 s hould not clutter too much information to their CSR report. They should still 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, there are still other international standards or benchmark claims in the report that needs to be audited and certified true by pertinent authority.