Module 6-1 Main submission (for draft one) overview
For the third milestone, you will continue your analysis of the company you selected for the final project. In this phase of research, you will evaluate the methods by which your selected company manages change within the organization to implement its corporate social responsibility (CSR) and environmental, social, and corporate governance (ESG) policies.
CSR is a narrower concept than ESG. CSR is focused on philanthropy and community engagement. CSR is often undertaken voluntarily to improve a company’s image. ESG is more comprehensive than CSR. ESG combines environmental, social, and governance considerations into a company’s core operations and strategy. ESG often uses standardized reporting mechanisms for more transparency and comparability. ESG creates long-term value for both the company and its stakeholders by making sustainability and social responsibility fundamental business priorities.
Much of your analysis for this milestone will focus on communication strategies. For a company to change its culture, all members of the organization must understand the vision. Everyone must believe in the vision and adapt behaviors to create a positive working environment. You are to analyze the strategies your selected company employed to create change. You will focus on specific examples that helped the company adopt or change CSR and ESG policies and practices.
Specifically, module 6-1 will cover the first portion of the greater 7-1 milestone. Think of it as part 1. Include:
- CSR and ESG Policy: Describe your selected company’s approach to CSR and ESG and explain the effect on the various departments within the organization.
- Describe the approaches the company used to develop and implement CSR and ESG policies and practices.
- Example: The company discloses risks associated with the company’s operations, especially those related to environmental and social factors. The company also shares how it manages and mitigates these risks.
- Explain how the approach affected the various departments within the organization.
- Example: The legal and compliance department must make certain the company complies with all relevant environmental regulations. The department may also need to monitor changes in legislation and advocate for the company’s interests when regulations are being developed or changed.
- Describe the approaches the company used to develop and implement CSR and ESG policies and practices.
This paper must be 3 to 5 pages in length and must be written in APA format. Use double spacing, 12-point Times New Roman font, and one-inch margins. Use at least 3 scholarly sources for this paper.