It is a good practice for a private or public industry to work responsibly and contribute positively to the communities they operate in. Corporate responsibility, sustainability and best practice is an area that firms are keen to emphasise as they try to present a positive image of their organisation to the world. So how are industries showing this? Choose ONE of the following sectors/industries as your focus and write a report on how a business sector can demonstrate its responsibilities in a global context today. This assignment is entirely secondary information based and as such you are not required to conduct any primary research.
1. Oil and gas industry
2. Education Industry
3. Energy Supply Industry
4. Water Supply Industry
5. Air Transport Industry
6. Marine Industry
7. Pharmaceutical Industry
8. The Clothing Industry
9. The Banking Industry
10. The Food Industry
11. Technology Industry i.e. Social media/Artificial Intelligence (AI)
Your report should attempt the tasks below. It should provide examples drawn from the sector as a whole and specific firms within it to support your arguments. The report should discuss and provide a good balance between theory and practice and use relevant references.
Examine and critically discuss the key challenges relating to corporate responsibility and sustainability relating to your chosen sector/industry.
Critically analyse and explain what you consider to be ‘best practice’ within the chosen sector/industry, making references to ethical and moral issues.
Make recommendations for businesses in the sector/industry to show they are being more responsible by taking into account global considerations.
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