AES Vision Social Responsibility |
AES's vision social responsibility
Social responsibility is one of the corporate values at AES (others being fun, fairness and integrity). The founders of the company Roger Sant and Dennis W. Bakke were intent on providing clean, safe and reliable electricity even if it meant that profits were sacrificed. It was identified that AES contributed towards global warming by emitting CO2 from fossil fueled plants and thus steps were taken to mitigate this impact by investment in control technology and funding projects such as those of planting trees.
However in recent times AES has been forced to reconsider its strategy for social responsibility. With the expansion of the business in developing countries in the 1990's the company found out that although global warming is an important issues there are issues of far greater significance that require immediate attention such as provision of quality education, hunger, poverty, or inadequate medical care. The company had a very "narrow" definition of social responsibility and was focused on mitigating CO2 effects only while people were dying of malnutrition and hunger.
With the advent of this matter a number of issues were raised. Although the AES is focused on meeting more than the legal and political requirement and in ensuring that all its project fulfill their social responsibility steps need to be taken that enough is done to mitigate the effects of the project. In developing countries this could mean a lesser focus on CO2 emission and greater focus on health and education provisions. This raises a potential conflict as many employees of AES feel that the company is selling its vision of concentrating on the environment. The founders nevertheless feel that the social impact of each project is to be determined by its team members and steps need to be taken to ensure that the projects have a "positive" social impact in ALL aspects.
Even though global companies are expected to adhere to same set of standards worldwide exceptions are possible under certain circumstances. The company rather than being adamant on pursuing the standards it has set in USA could flex its rules in developing countries such as India. Although some may feel that this is a direct blow on the social responsibility values of the company what needs to be kept in mind is that the company is not denying its social responsibility but rather is expanding is vision of social responsibility and is thinking on broadening the social impacts of a given project.
The key here is how AES is able to adapt its business principle and commitment to social responsibility to local needs such as those in India. The environmental standards could be lowered a bit so that they are in line with the standards set by the Indian government and the World Bank. This would mean the use of PC boilers with low NOx burners and electrostatic precipitator to remove particulates rather than the use of CFB boilers which are used by AES in USA projects. Pc boilers have a lesser capacity to for reducing SO2 emissions but still meet the local and World Bank standards. By not investing in control strategy the company can free up resources for investment in other social responsibility projects.
Janette Kessler, the finance director of Indian AES team also favored this view. She felt that having clean water or better education was far more important for the local people than a bit cleaner air.
This does not mean that the company is to forge its commitment to reduction of CO2 emission. Environmental standards should be a balance between ensuring that there are sufficient CO2 offset projects going on along with concentrating on "broad"...
Social Responsibility Corporate social responsibility Companies are facing increasing pressure from investors, consumers, and the society. For investors, they are required to increase profits while consumers and the society require them to be socially responsible. Scholars have studied corporate social responsibility for years and over the years, they have documented their findings concerning social responsibilities of corporations. Over the years, consumers have built the typology of unresponsive to highly responsive purchasing in
Social responsibility is subject of considerable debate. For not-for-profit organizations, their responsibility is defined by their mandate. Their donors set this mandate, or at least they accept it. It is actually not much different in for-profit entities, except that the general perception is that earning profit is not socially responsible, whereas the activities of not-for-profit entities are generally considered to be socially responsible. For a for-profit entity, there are two schools
Social Responsibility Types of people who live in the community in regards to the overall type of individuals who live within the community, the demographics vary considerable. However, the underlying values and principles that govern the population remain relatively homogenous. For one, many of the individuals on the base are military oriented or have some affiliation with the principles embedded within the military. The virtues of honor, respect, integrity and so
Social Responsibility: The Container Store Social Responsibility: The Container Store Social responsibility is defined by the small business encyclopedia as "acting with concern and sensitivity, aware of the impact of [one's] actions on others, particularly the disadvantaged."[footnoteRef:1] This definition therefore implies the fact that a business must, perhaps above all else, respect and reward its employees. The case study below will focus on a thriving enterprise, and will thus describe the social responsibilities
Company Q. appears to have allowed the fear of corruption, particularly fraud and theft, on behalf of their employees to get in the way of their contributing to the greater good. It would appear that if management has concerns regarding employee theft then this issue should be addressed through theft prevention programs rather than an avoidance of engagement in activities that may or may not result in theft by
However, it's a social factor and the chance for the issue draw closer devotion on cooperation in that stipulation the chap by no means fall the twenty dollar invoice and making ethical decision is not even needed in this situation. In addition, the system of principles approaches in beneath our communal issue. Formerly the chance factor has been bringing in as an individual in an employment place the surroundings that
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now