Socially Responsible CorporationsEssay Preview: Socially Responsible CorporationsReport this essaySocially Responsible CorporationsSocially Responsible Companies are those that put the public interest as a priority in everything they do. These companies range anywhere from the food industry (Ben and Jerrys) to communications (Motorola). These companies are noted as philanthropists, and are the leading companies in their markets. They also, most of the time, have very loyal employees who love working at their companies.
The leader in socially responsible companies is the Fannie Mae Foundation. This company strives to help minorities in purchasing their first home. The Fannie Mae Foundation purchases mortgages from lenders and then repackages them for sale as securities. This has enabled them to keep mortgage rates low, and help the normally overlooked homebuyers, become homebuyers. Also, most uniquely, they help those of the Muslim faith, who follow the Islamic law which bans paying or collecting interest on debt. By setting up monthly payment plans based on property price, the Muslims are enabled to become homeowners and still keep law.
The second company listed as a major contributor as a socially responsible corporation is Procter and Gamble. Procter and Gamble has excelled in helping minorities and women, as well as aiding the needy in foreign countries. For example, P&G donates to the underprivileged youth in Vietnam, as well as providing for the fight against childhood malnutrition in India. Their efforts in helping minorities all over the world has helped them to become one of the largest companies in the world.
One of the socially responsible corporations I for one find most interesting is Ben & Jerrys ice cream company. The companys mission statement advertises its dedication to the “new corporate concept of linked prosperity” and declares a “deep respect for individuals inside and outside the company and for the communities of which they are a part.” Through the Ben & Jerrys Foundation, the company redirects 7.5 percent of all pretax profits to nonprofit organizations. The companys best-known campaign has been “1 Percent For Peace,” a project to give 1 percent of the U.S. defense budget to “peace-promoting projects.” They even came out with a new product, the Peace Pop, which explained the cause on the wrapper. This product was discontinued however due to many questions such as “why”
”„„„ where is Ben & ? And, it’s just been recalled. It was the second recall after the 1 Percent for Peace campaign, and they still only put it in the cans &„
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One of the socially responsible corporations I for one find most interesting is Ben & Jerrys ice cream company. The companys mission statement advertises its dedication to the “new corporate concept of linked prosperity” and declares a “deep respect for individuals inside and outside the company and for the communities of which they are a part.” Through the Ben & Jerrys Foundation, the company redirects 7.5 percent of all pretax profits to nonprofit organizations.
When asked whether the Ben &Jerrys and other companies that serve Americans are doing anything to help, it seems as though they may not even care. It seems like they are willing to take some of the time away from the project.> They have even mentioned something about what it can do for morale ‧ to improve the morale of American troops.
On this topic, a number of companies that are part of the Ben &Jerrys Global Manufacturing Company, have teamed up with the US government for this program. A portion of the profits from the work on this project, ‧ will go back to the American military. As I recall, they worked directly with the government to create the Peace Pop.
The Americans are proud of this initiative and are willing to support it. They will have great benefits by investing in this project.>
While the two most important initiatives are the first one and the third, they didn’t get a large amount of publicity in the United States.. This is why we can expect a similar reaction in Canada if Ben & Jerrys does not receive any support and is not getting many offers.>
When I mentioned the project to a friend he was very happy with the response from the industry and was happy to see it promoted. He saw it as a good thing for American jobs. He then said:
A company must have a mission and it must be done. Ben & Jerrys needs to stand out on both the social & political sides. Their actions are taking the pressure off their customers and make us rethink our approach to corporate relations. They must be responsible enough to get their shareholders to help with “?
We have to be responsible enough to do what is right under our noses & that’s how we got this campaign going. Ben & Jerrys would be the first company to try something new for such an important project, “?
From @MCTNews