Envisioning A Energy Canada United States -Myassignmenthelp.Com

Question: Discuss About The Envisioning A Energy Canada United States? Answer: Introduction Social Responsibility is considered to be central to the operations of all the Canadian companies. In Canada, the companies have majorly focused on the efforts of environmental sustainability on water. Presently, in the global economy there is increased responsibility to believe the environmental and social causes when companies conduct business. The Canadian Tire Corporation believes that a sustainable approach to the business actions suggests that it will always play the better part in forming a better country for all the Canadians and a sustainable world for the upcoming generations(Naraine, Dixon, Horton, 2015). Project Description A corporate social responsibility report permits the company to report CSR information in such a way, which is similar to financial reporting. It includes environment sustainability, business ethics, transparency, engagement of the employees and community investment. Therefore, it provides information about all these topics(Pecot de Barnier, 2017). The Canadian Tire Corporation considers the corporate social responsibility as a key ingredient in realizing the goal of the company as a trusted partner of the customers. In the year of 2014, Canadian Tire Corporation was positioned as the seventh top sustainability performer in Canada. Their business was conducted with integrity, honesty and they expected the same in return from their customers(Li, 2015). Summary of the CSR initiative of Canadian Tire Corporation The Canadian Tire Corporation was aware about the environmental impacts of their business. Over the years, this Canadian company maintained the balance between the accountability of the public and the respect for the privacy of their customers. Keeping he employees engaged is a significant factor when it comes to dealing with the corporate social responsibility of a company. The company must be loyal and focused in offering such a climate that will help in supporting the development and performance of the employees. Canadian Tire Corporation invests to persuade and promote the employees to be active in the communities. When it comes to the environmental sustainability, the Canadian Tire Company focuses on innovation since their purpose is to achieve the productivity gains from the outcomes of the environment across the value chain(Stroup, Kujawa, Ayres, 2015). The manufacturing process is to make sure that the product they purchase from the retailers they are well made and safe. Thi s company develops their environmental sustainability also by excessive work with the vendors to third party testers ensure that the products are checked to the international level and prepared for the growth of Canada. As observed, Canadian Tire Corporation has one of the biggest transportation networks in the country(Aziz, 2017). It started a partnership with Canada Pacific Railway for developing and deploying the first 60-foot intermodal container in North America that helps in increasing the volume per truck by 13% which reduces their carbon footprint. The distribution network services are quite frequent and drive continuous environmental improvement(Naraine, Dixon, Horton, 2015). The aim of Canadian Tire Corporation is to form innovative new retail experiences for Canadians. This innovation is making the efforts to improve the efficiency of the energy and reduce their environmental impact over the enterprise. One of the best strategies of Canadian Tire Corporations sustainabil ity is the continuous efforts of reducing the waste level. Canadian Tire Corporation is associated with the territories to offer customer repayment on the energy efficient products. The Canadian Tire Corporation has maintained its reputation and the faith of the Canadians as the brands are dependent on the way they carry out the business. Their dedication of social responsibility is engaged in the culture and the commitment in ethical sourcing. The Canadian Tire family of the companies sources those products that are made in more than 80 countries around the world. The company ensures about the manufacturing and transportation of the products globally. It keeps the ethical sourcing alive. It ensures the safety of the workers and members during the business practices, which is ethical(Tremblay, Prince, Ham, Barnes, 2016). To maintain the transparency level in the company Canadian Tire Corporation creates a public disclosure policy that helps in the release of information on individu al transactions. Compliance officers are recruited for enhancing the accountability in the spheres of business ethics and environmental impact. Canadian Tire Corporation had set up a CSR Advisory Council for providing advice and guidance for the products of the company. Another initiative it took for the sustainability of the company is the engagement of employees in the activities of the companies. Productive workplace and fostering a challenge will helps in the performance of the employees. Critical analysis of the CSR initiative The Canadian Tire Corporation Limited is a general retailer that offers products and services everyday through more than 1,700 retail outlets all over Canada. The initiatives and strategies of the CSR policies of Canadian Tire Corporation have resulted in the growth and development of the business(Adamson, 2015). It has worked on the impact of the all the spheres in law. The government of Canada has encouraged and expected Canadian Tire Corporation for operating abroad in respect to all the international standards and applicable laws to show the values of Canada and commitments. Canadian Tire Corporation has critically received success with its initiatives and strategies. The company has followed these CSR strategies and achieved success. How the company could better help the local people/economy The strategies of corporate social responsibility have improved the bottom line of Canadian Tire Corporation. Canadian Tire is an example of companies that are both small and large and have railed under the banner of Corporate Social Responsibility. The agenda of the this company was to have a moral conscience on social issues and a reason for the expectations and needs of the upcoming generation will come down to the environment. The strategy of Canadian Tire Corporation is to win over the customers specially the ones associated with the corporate world(Karakowsky Guriel, 2015). This way the customers will not switch their brands that will affect the values. Canadian Tire found these opportunity strategies to improve the bottom line and help the local people. The Vice-President of Canadian Tire who believed in applying methods of sustainability introduced the initiatives. Suggestions for improvement of the company The sustainable policies of an organization should follow the process of implementation. It needs to plan and assess the existing situation of corporate social responsibility. Strategies and initiatives should be developed for the growth and benefits of the company. It builds support with the employees as well as the senior management. Assessing, formulating and implementing the initiatives and strategies of corporate social responsibility will deliver the outcome of improving the situation of the company. Communication about the CSR strategies and initiatives are also essential as it helps in the growth of the company, Corporate Tire Corporation. Formulating and applying these theories will result development of the companies(de Bakker, 2016). A five-stage CSR assessment process is followed. The five stages include assembling a CSR team, developing a working definition of CSR, reviewing operation and corporate documents, communicating a business case for CSR and engaging and identif ying with the key stakeholders. In this regard, it is noteworthy to mention here that as long as an appraisal is delivered it will achieve the aim of the assessment. The process of assessment, formulation and development involves decision making that has an impact on how CSR strategies are implemented and developed. References Adamson, B. (2015). Corporate Sustainability Bridging the Gap Between Sustainability Reporting and Business Operations. Corporate Sustainability Bridging the Gap Between Sustainability Reporting and Business Operations. Aziz, L. M. (2017). Leveraging Olympic Sponsorship to Engage Employees: Evaluating Employee Engagement Tactics within the Canadian Tire Corporation. de Bakker, F. (2016). Managing corporate social responsibility in action:talking, doing and measuring. . CRC Press. Karakowsky, L., Guriel, N. (2015). The context of business: Understanding the Canadian business environment. W. Ross MacDonald School Resource Services Library. Li, D. (2015). Corporate Social Responsibility and Family Firms. Miller, D., Merrilees, B., Cooper, H. (2017). CONTRASTING CASES OF CORPORATE HERITAGE-IN-USE. Foundations of Corporate Heritage. Naraine, M. L., Dixon, J. C., Horton, C. (2015). Case Studies in Sport Management. New to the Board: A Case Study of Canadian Tire Corporation and the Potential Purchase of the Forzani Group Limited, 4(1), 120-131. Pecot, F., de Barnier, V. (2017). CORPORATE HERITAGE OR CORPORATE INHERITANCE. Foundations of Corporate Heritage, 302. Stroup, L., Kujawa, R., Ayres, J. (2015). Envisioning a Green Energy Future in Canada and the United States: Constructing a Sustainable Future in the Context of New Regionalisms?. . American Review of Canadian Studies, 45(3), 299-314. Tremblay, M. S., Prince, S. A., Ham, J., Barnes, J. (2016). Major Initiatives Related to Childhood Obesity and Physical Inactivity in Canada: 2014 Year in Review.