M8A1 Corporate Social Essay Example | Topics and Well Written Essays - 250 words

M8A1 Corporate Social - Essay Example One of the current trends in CSR is the emergency of green manufacturing through energy efficient technologies and reduction of raw material wastage in the manufacturing process (Mullerat, 2010). Corporations have undertaken measures to re-engineer the operations in order to make them more eco-friendly and sustainable. May, Cheney & Roper (2007) asserts that a majority of the multinational companies use recyclable packaging, renewable energy sources and have minimized pollution levels occasioned by their operations. In addition, many corporations have contributed heavily to social causes such as disease prevention, education and sanitation in order to ensure positive social impact in the communities. (Amao, 2011). The corporations have encouraged employees to volunteer in social causes of their choice. Another common trend that is evident is the increase in CRS reporting and engagement. Many companies have created CSR departments that are supposed to collect data and prepare annual CSR reports and the impact on the company activities on the social environment (Amao, 2011). CSR has been integrated in the non-financial reporting in order to create awareness that the business is a responsible company that caters for the needs of all stakeholders. Many companies have implemented the ISO 14000 environmental management standard and Global Pact standards that aim at ensuring social sustainability (Asongu, 2007). There is increasing use of the social media in CSR activities of the companies. Many businesses have formed online blogs and discussion forums that are used to understand the ideas and suggestions of the stakeholders (Mullerat, 2010). The thirsty for information and environmental activism has forced companies to report their CSR activities through the social media in order to maintain the regular engagement with the stakeholders (May, Cheney & Roper, 2007). However, it is worthy noting that the government has increased its oversight and regulatory