Corporate social responsibility refers to companies voluntarily contributing to society through business activities and social investments. CSR includes complying with human rights, labor standards, and addressing issues like climate change. For companies, CSR involves meeting economic, legal, ethical, and philanthropic responsibilities. It encompasses business ethics, transparency, socio-economic development, environmental concerns, and human/worker rights. Apple supports local communities through volunteer programs, educates/empowers workers, prioritizes employee health/safety, promotes gender/minority equality, and reduces energy/water use and waste. It also works to lower carbon emissions and partners with (RED) to fight HIV/AIDS.
1. CORPORATESOCIAL
RESPONSIBILITY
Corporate social responsibility is a concept whereby companies decide
voluntarily to contribute to a better society and a cleaner environment.
Corporate social responsibility is represented by the contributions undertaken
by companies to society through its business activities and its social
investment.
2. The term 'Corporate Social Responsibility'
is imprecise and its application differs.
CSR refers not only to the compliance of
human rights standards, labour and social
security arrangements, but also to
the fight against climate change ,
sustainable management of natural
resources, consumer protection,
philanthropy and volunteering.
3. TYPESOFCSR POLICIES
Economic Responsibilities - A business exists to make a profit for shareholders. If it fails
to do so, it likely won’t be able to pay its employees, taxes and other obligations.A
corporate social responsibility program (CSR program) cannot be implemented until a
business is profitable.
Legal Responsibilities - Following the law is the foundation of corporate responsibility.
A company cannot benefit society if it does not adhere to labor and tax laws or
applicable industry regulations.
4. Ethical Responsibilities - Once a company is profitable and meets its legal
responsibilities, it can move up the ladder to ethical responsibilities, which might include
paying higher wages, offering employees better benefits, avoiding trade with
unscrupulous companies or providing jobs to those who would otherwise have difficulty
finding work.
Philanthropic Responsibilities - As a company meets its economic, legal and ethical
responsibilities, it can consider taking on philanthropic responsibilities.Corporate
philanthropy ranges in size and scope, and can include everything from donating time to
a local charity to building a children’s hospital.
5. DIMENSIONSOFCORPORATESOCIAL
RESPONSIBILITY
Business Ethics, values and principles.
Accountability and transparency (Legal compliance).
Commitments to socio-economic developments.
Environmental concerns.
Human rights.
Workers rights and welfare.
Market relations.
Sustainability.
Corporate Governance.
6.
7. APPLE INC
Apple is an American multinational technology company headquartered
in Cupertino, California that designs, develops, and sells consumer
electronics, computer software, and online services.
Apple was founded by Steve Jobs, SteveWozniak, and RonaldWayne in April 1976
to develop and sell personal computers.[6] It was incorporated as Apple Computer,
Inc. in January 1977, and was renamed as Apple Inc. in January 2007 to reflect its
shifted focus toward consumer electronics
8. APPLE’sCSR POLICIES
Apple inc. Supporting Local Communities.
“GlobalVolunteer Program” was launched in
2011 to encourage employees to volunteer in local communities. Since it’s launched more
in than 8 countries and USD 78bn was donated to charities and non profits around the
world .
9. APPLE INC EDUCATING AND EMPOWERING
WORKERS
Apple education and development program is
offered free of charged by 18 factories and
more than 2,80,000 workers took various
courses in 2016.
Under the leadership of DeniseYoung Smith,
as the Apple’s vice president for HR, Apple has
expanded it’s employee benefits programs to
considerable extent.
10. EMPLOYEE HEALTH AND SAFETY AT
APPLE INC
The apple has launched apple supplier EHS academy, and 18 months program that aims
to improve employee health and safety in the industry throughout the globe .
Research has been conducted in apples ergonomics department on about 75 jobs within
supply chain to identify ergonomics risks.The research has resulted in improved
standards for managing workstation design changes.
11. APPLE INC. AND GENDER EQUALITY AND
MINORITIES
Apple employees are 32 percent female, 9 percent black and 12 percent his panic. Out
of a global workforce of 125,000, 37 percent of new hires in the last 12 months were
women. Out of US workforce of 80000, 27 percent of hires came from underrepresented
minority groups in the last year.
The company has reached equal pay to employees in 2016.
12. ENERGY CONSUMPTION BY APPLE INC.
Apple is often praised for its environmental records that include decrease of total power
consumption of apple products by 57 percent, introduction of Mac mini as the world’s
most energy efficient desktop computer and exceeding ENERGY STAR guidelines.
Apple Inc. is sourcing or generating enough renewable energy to cover 93 percent of the
electricity used at its facilities worldwide
The company is now 100 percent renewable energy in 23 countries
13. WATER CONSUMPTION BY APPLE INC.
The company launched clean water program in 2013 and in 2015, 73 supplier facilities
joined the program to increase the efficiency of their water usage.
In 2015 the company converted about 120,000 square feet of previously grass lawns to
drought-tolerant landscape, translating to estimated water savings of up to 6 million
gallons per year.
14. WASTE REDUCTION AND RECYCLING BY
APPLE INC.
Apple offers recycling programs in 99 percent of the countries it operates and the
company has diverted more than 508 million pounds of electronic waste from landfills
since 2008.
In 2015, more than 99 percent of Apple product packaging was done from recycled paper
or papers sourced from sustainably managed forests.
Apple is working with more than 160 recycling companies around the world and in 2015
it collected nearly 90 million pounds of e-waste through its recycling programs.
15. CARBON EMMISIONS BY APPLE INC.
The company offers employees more than 550 electric vehicle charging ports for free, an
increase of 67 percent compared to the previous year to encourage the usage to
encourage the usage of electric vehicles.
The company’s CO2 emissions per product has been consistently decreasing during the
last four years to reach 114.2 kg in 2015.
16.
17. RED
PHONE
For 10 years, It’s partnership with (RED) has
supported HIV/AIDS programs that provide
counseling, testing, and medicine that prevents the
transmission of HIV from a mother to her unborn
child. So far,They have raised over $130 million
through the sale of their (RED) products. Now they
are introducing iPhone 7 (PRODUCT)RED™
Special Edition. Every purchase brings us a step
closer to an AIDS free generation
18. BUDGET
In accordance with CSR requirements, the company
shall seek to spend annually 2% of the average net
profits of the company made during the three
immediately preceding financial years on specific
CSR projects and programmes.
The co. shall take steps to ensure that any surplus
arising out of the companies CSR projects and
programmes or activities shall be set aside for later
use in CSR projects
19. MONITORINGAND REPORTING
Under the direction of the committee.The co. shall implement a monitoring
mechanism over the companies CSR projects and programmes. Such monitory
mechanism shall, among other things, make transparent the manner and details of
the implementation of all CSR projects and Programmes undertaken by co.
The Board shall receive periodic reports from the committee on the status of the
company’s implementation of specific CSR projects and programmes
On an annual basis the board shall report to relevant stakeholders on the company’s
CSR projects and programmes and related methods as required by CSR
requirements
20. AMENDMENTSTOCSR POLICY
The committee shall review this CSR
Policy on the periodic basis and shall
update it as necessary or appropriate to
ensure that it reflects CSR requirements
as well as the current interests of the co.
and relevant stakeholders.