Say a business creates a new product which is a card-less payment machine for their shop....

Say a business creates a new product which is a card-less payment
machine for their shop. How could they manufacture whilst
considering CSR and environmental impacts it may have? in a
sustainable way

Expert Solution

Answer :

Sustainable development is the idea that human societies must live and meet their needs without compromising the ability of the future generations to meet their own needs.

Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public. By practicing corporate social responsibility, also called corporate citizenship, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.

Environmental impact of a business manufactuing card-less payment machine : It impacts the environment through air pollutant emissions, toxic waste disposal and water contamination. Besides, they're also the major offenders when it comes to greenhouse gas contributions. Factories alone are responsible for nearly two-thirds of the emissions to blame for global climate change.Many manufacturers have started to react to this pressure and counter their negative public image by improving their environmental performance. However, even if a manufacturer minimizes its own level of pollution, its image may still not be perceived as environmentally friendly

CSR activities that can be done by company engaged in the manufacture of card-less payment machine :

Fix chimneys and air purifires in the factory where machines are manufactured so that less pollution is emited in the air and environment. Also company can carry out campaigns for promoting installation of air purifier and chimneys in other manufacturing units in its surrounding.
Promoting renewable sources of energy
Conserving biodiversity and supporting research, awareness and advocacy on issues related to biodiversity
Undertaking plantations and afforestation activity
Promoting awareness about environmental issues

If the company takes all the above CSR activites it can help in developing a greener and helathy envioronment for the people working in the organistation as well as other people associated with the organisation either directly or indirectly. The CSR activities will also contribute in the sustainable developement policy of the organisaion.

The CSR and sustainable developement policy of the organisation wiil help in adding Goodwill to the organisation. This will utimately help the organisation in earning the higher profits.

ekkarill92 answered 2 years ago

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