2. MEANING
SOCIAL RESPONSIBILITY REFERS TO ITS OBLIGATION
TO TAKE THOSE DECISION AND PERFORM THOSE
ACTION WHICH ARE DESIRABLE IN TERMS OF
OBJECTIVES AND VALUES OF OUR SOCIETY.
OR
CSR referring to way that businesses are
managed to bring about an overall positive impact
on the communities, cultures, societies and
environments in which they operate.
3. Defination
According to bussiness dictionary
"A company’s sense of responsibility towards the community and environment
(both ecological and social) in which it operates. Companies express this
citizenship
(1) through their waste and pollution reduction processes.
(2) by contributing educational and social programs .
(3) by earning adequate returns on the employed resources.
4. Merits
Improvement in the image of corporation.
Increase attraction and retention of employee
Regulatory authority become less hostile
Attracting more capital flow various sources
Positive publicity
Better enviroment for doing business
Holding business responsiblity with social problems
5. Arguments against CSR
Violation for profit maximisation.
Company reputation takes a hit
Increase in cost of production
Burden on consumer
6. Kinds of social responsiblity.
Economic
responsiblity
Legal
responsiblity
Ethical
responsiblity
Discretionary
responsiblity.
7. Responsiblity towards various social groups
Respnsiblity
towards
shareholder
Respnsiblity
towards workers
Respnsiblity
towards
goverment
Respnsiblity
towards
consumers
Respnsiblity
towards
community
8.
9.
10. Apple
Apple Inc. (hereafter Apple) was established in 1977 and is registered on the
NASDAQ Global Select Market exchange.
‘Apple designs, manufactures and markets mobile communications, media
devices, personal computers and portable digital music players, and sells a
variety of related software, services, peripherals, networking solutions, and
third-party digital content and applications’ .Its products are sold through
Apple’s retail stores, online stores and third parties.
Apple is a world leader in producing innovative electronic goods and
technology. In 2016 Apple’s net sales were estimated at $301.34 million. Its
net sales in 2011 increased by 65% compared to 2015.
Apple worldwide employs 90,400 full-time people and 34000 temporary
employees and contractors.
11. Apple CSR`s policy and reporting
Apple has considered the GRI G3.1 indices relating to the economy, the
environment, human rights, society and labour for its publication on
Governance, Product Environmental Reports, Recycling and Facilities
Environmental Report and Supplier Responsibility
The Supplier Code of Conduct (Supplier Code) outlines Apple’s expectations
for the suppliers it does business with. As a condition for doing business with
Apple, suppliers have to commit to the Supplier Code. For the Supplier Code,
Apple has adopted the Electronics Industry Code of Conduct (EICC), the
guidelines and standards for the electronics sector.
Apple obliges its suppliers to respect the human rights of its workers, to
inform the workers of their rights, and to treat them with dignity and
respect.