Corporate Responsibility, Fair Trade Networks and Questionable Labour Practices Corporate...

Corporate Responsibility, Fair Trade Corporate Responsibility, Fair Trade Networks and Questionable Labour Networks and Questionable Labour

Practices Practices

What is corporate responsibility?

• Many names for it• Following laws, ethical and moral standards,

international expectations• Environmental awareness and respect for

employees, consumers, share-holders, communities

• encouraging community growth voluntarily

Why is it trendy right now?

• Consumers more aware of corporate practices • Communications/climate change increasing

awareness of ecological footprint• People support companies that reflect values• Wal-Mart and Nike boycotted for slave labour

• Ottawa company that cleans with environmentally friendly products.

• Promoting healthy toxin-free living

Local Example - Enviropure

National Example – Canadian Tire

• reducing amount of energy used by ~40%• building new energy efficient stores.• Ontario reduced energy consumption by 15%• Changed means of transportation.

National Example – Hydro One

• Pension quality top in the utilities sector• Female CEO• 780,000 smart meters• Saves 272 million kWh each year

International Example – Minto

• The Minto Green Team• Award-Winning Environmental Stewardship• Environmental Milestones

Why is going green important?

• Ethical Consumerism• Profitable • Environmentally sustainable

Are their any fakers?

• Fakers: say one thing, but actions say another• Mobile phone industry• Airline industry• Governments