Answer to Question #195465 in Management for Lucy

Question

with examples from woolworths holdings limited, describe the concept of corporate social responsibility.

Answer 1

Woolworth’s corporate responsibility strategy 2020 brings new focus, resources, and energy to sustainability. Target assigned under people, planet, and prosperity pillars cover Woolworths’ engagement with customers and communities to minimize environmental impacts of the operation. For example, firstly; people, Woolworths are encouraging diversity by increasing employment of Aboriginal and Torres Strait islanders in line with the federal government’s employment initiatives.

Secondly; prosperity, Woolworth is inspiring health choices. Customers are becoming increasingly health-conscious about consumption choices in food and drinks. Thirdly; planet Woolworth is innovating for a healthy plant. Woolworth has a target to innovate with natural refrigerants and reduce refrigerant leakage in stores.