Csr in Foxconn

Topics: Brand, Corporate social responsibility, Corporation Pages: 3 (1063 words) Published: February 8, 2013
More and more companies are investing in China, to share the incredible profit generate from the 1.4 trillion people. One of the US based company, which it's going to invest 35% of its stake, to a fast growing China private-owned timber flooring company. Like most local Chinese company, CSR is not implementing in that company as well as no management working on it. Generally speaking, CSR (Corporate Social Responsibilities) is a form of corporate self-regulation integrates into business model, in which a company monitors and ensures its active compliance with the spirit of law, ethical standard and international norms. Although this timber company has high growth in the market and generate good profit, it may easily pose a risk to investor if they are not pay attention to social and environmental issues. Below summaries would like to analyst the potential impacts may arise from different parties such as employees, consumers, environment, and communities and how they may be affected by the decision. First of all, it's no doubt that employee are the basic component of an industry. By taking measures from the Social Accountabilities 8000 (SA8000), they should consider if the company has employed child labor. Child labor is very popular in China and other developing countries like Guatemala especially industry like involving agricultural and manufacturing that need high working force. It may violate the law and damage the company brand easily. Other than legal extend, an interesting figure showed that (www.DoWellDoGood.net), "83% of the employee will leave the job if their employer used child labor." Obvious, child labor nowadays give more harm than good, instead, providing wellness program for employee and their families create certain shared value that they will love more the company in both mentally and physically. Moreover, it's also important that the firm should provide adequate safety working environment as well as organize enough safety training. It will...
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