Question

In: Economics

How the Perfume companies addresses this envirnomental issues - corporate and social responsibilities

Expert Solution

Corporate and Social Responsibilities (Environmental issues): Perfume companies:

Every Company owes to nature . Environment protection is part and parcel of possible activities on planet. An the activities is such that it is profiting from resources hence it become corporate and social responsibility of organization to protect environment .

Sustainable developments concepts stand a[only when all three criteria are well parallel to one other .

1.Environment

2.Society

3.Economy

Any aspect malfunctioning will hider the growth of planet.

Growing Green is key to solve environmental issues . The Entity will includes green strategy, Green Planning and Green Implementations have a larger and Greater acceptance among the potential customers.

Especially for the Perfume Companies Environment becomes a high point of concern. The essentials which shall be key to unlock environmental duties as a perfume manufacturing companies can be categorize as follows :

· Health : Healthy environment comes with healthy living being on planet blue.

Fragrances commonly contain phthalates, which are chemicals that help the scents last longer. Health risks for phthalates are startling and include cancer, human reproductive and developmental toxicity, endocrine disruption, birth defects & respiratory problems. Hence a natural way or Methods of lower content of phthalates must be approached . Investing in better methodology must be vital aspect for company.

When a product lists the term “fragrance” or “parfum” among its ingredients, this actually represents a complex mixture of probably dozens of chemicals. These damage the air quality we breath . Hence Perfumes must smell sweet both to heart and health. Perfumes have healing power but Chemical may reverse the impact or even be fatal. Hence much needed R&D is needed to replace such toxic Chemicals .

· Waste Management : Non Bio degradable and Decorative materials used in perfume find a difficult way for its destruction . There exists no known 100% eco friendly way of disposing such waste .

· Illegal extraction : Must perfume brand promises being authentic about their extraction of such ingredients. Despite strict laws companies make their way for illegal extraction of ingredients from endangered Flora Species , hence leading to extinction of such rare aspect of biodiversity.

· Animal Testing : Animals are being too . They do Breath , Behave and Believe . But the Still high trend of testing such perfumes for any similar human allergies smells ugly . These Practices should be stopped and on a mission mode by perfume companies.

· Safeguarding water : Washing away liquid Perfume residuals ultimately gets into our own glass of water . water bodies are not the wash basic of such companies and there fore ever perfume company must develop a sustainable of such smelly acts of Not Contaminating smell of planet.

Hence Investment in Research and Development hold hope to improve the soothing Industry.

Theses are Healer on Planets, by Planet. Hence their its their duty to safeguard their Oder.

Awareness among the perfume users can stimulus in protecting Environment.

Rahul Sunny answered 1 year ago

First what are the social responsibilities of a business ( Or Corporate Social Responsibilities to various...

First what are the social responsibilities of a business ( Or Corporate Social Responsibilities to various Stakeholders)? Do theses social responsibilities conflict with the responsibility to maximize the wealth of the owners of the business ( i.e shareholders) or can the coexist? Why or Why not? Why is this topic important to you? ( It should be if you think about it).

Do Fintech companies have any social responsibilities?

list and discuss four important organization 'corporate social responsibilities'

1 social and community responsibility is one of the responsibilities of a corporate organisation. justify this...

1 social and community responsibility is one of the responsibilities of a corporate organisation. justify this statement 2 there are stakeholders to any coperate business. identify 7 such stakeholders and high light their effects on a named company in your country 3 advance appropriate reasons for the formation of cooperative business enterprise

MNCs and Corporate Social Responsibilities (CSR): Why do MNCs (any corporation for that matter) engage...

MNCs and Corporate Social Responsibilities (CSR): Why do MNCs (any corporation for that matter) engage in socially attractive activities? Who write the standards and codes of CSR? Is there a business case for CSR? Explain. Some people are against CSR, explain why. Is there enforcement mechanism for CSR? How do we know if a MNC’s CSR has a real social, economic, and environmental impacts? Discuss why IKEA’s and Walmart’s CSR implementation records are different. That is, why IKEA followed...

an evaluation of the implications of ethical and social issues associated with reduction of corporate taxes....

an evaluation of the implications of ethical and social issues associated with reduction of corporate taxes. Provide your opinion on how the loss of these tax revenues will impact the country/society, using General Electric, Wells Fargo, or other corporations as an example to support your evaluation.

What incentive do for-profit companies have for corporate social responsibility (CSR)? If companies are focused on...

What incentive do for-profit companies have for corporate social responsibility (CSR)? If companies are focused on increasing their profit, why should they be concerned with CSR activities that are likely to raise costs (thus reducing their profit). Is there value in CSR, and if so how do companies capture that value? In other words, can companies leverage CSR activities into increased profit?

Understanding of professional responsibilities, ethical theories, legal and social issues. Understanding of cyber security threats and...

Understanding of professional responsibilities, ethical theories, legal and social issues. Understanding of cyber security threats and corresponding procedures to mitigate these threats. Understanding of risk management, security policies and audit procedures

Unit IV Corporate Governance- concepts ,issues &; Theories of corporate governance: property rights and social institution...

Unit IV Corporate Governance- concepts ,issues &; Theories of corporate governance: property rights and social institution Theories, contractual theory, stakeholder theoryneed of corporate governance code, Code of Corporate Practices, Social Responsibility of Corporates, Corporate Social Reporting. NOTES FOR CORPORATE GOVERNANCE

1.Using Carrol’s pyramid of CSR and information from the case study, identify the corporate social responsibilities...

1.Using Carrol’s pyramid of CSR and information from the case study, identify the corporate social responsibilities of Philip Morris International in the context of its operations in North Carolina. In your view, discuss why these responsibilities are important to Philip Morris International? The US children working in tobacco fields: 'I wanted to help my mama' Luis is just 14 years old, but he already has an exhausting, dawn-till-dusk job. Last summer, he started working in tobacco fields in North Carolina....