Description
Scenario
You have just presented your findings to the board on an international acquisition and they are interested in moving forward with the plan. To remain in compliance with local regulatory standards of Indonesia, you are tasked with creating a new corporate social responsibility plan to add to your organization’s standard operating procedures. Due to auditing requirements for Indonesia, you should also include a corporate social responsibility reporting procedure within this plan.
Instructions
Complete this Action Plan Recommendation Report to present to the board addressing:
What legal (consider federal and international laws) and ethical issues do you see for Indonesia? Include a comprehensive exemplary explanation of the legal (consider federal and international laws) and ethical issues in each country.
Based on the facts, what changes within your organization would address these regulatory requirements as it relates to corporate social responsibility and sustainability? Comprehensive exemplary explanation of the changes within the organization that would address these regulatory requirements as it relates to corporate social responsibility.
What are the consequences if the corporate social responsibility (CSR) and sustainability mandates are not addressed within each country? Comprehensive exemplary explanation of the consequences if the corporate social responsibility (CSR) mandates are not addressed within each country.
- Do you think the organization should continue to move forward with the acquisition, and why is this recommendation in the best interest of the company? Comprehensive exemplary explanation of whether the organization should continue to move forward with the acquisition, and why is this recommendation in the best interest of the company.
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
Running Head: CORPORATE RESPONSIBILITY AND SUSTAINABILITY
Corporate Responsibility and Sustainability Action Plan Report
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CORPORATE RESPONSIBILITY AND SUSTAINABILITY
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Corporate Responsibility and Sustainability Action Plan Report
Introduction
In the modern business world, Corporate Social Responsibility plays an essential role as
this proves that the business company takes more interest in social issues than just financials.
CSR attracts a more extensive customer base for the company that shares similar values. When
performing international businesses as in the presented scenario, planning for the corporate
responsibility would enhance compliance with the set terms and increase business sustainability.
For improved compliance, CSR allows business companies to reveal their values and engage the
public in the choices taken in decision making to achieve a sustainable future (Brin & Nehme,
2021). CSR works as a type of company regulation for designing organizational guidelines and
principles to develop positive social effects.
CSR-Action Plan
To ensure sustainable compliance when working with the local regulatory standards for
Indonesia, the new CSR plan would involve more social responsibility tasks, including
environmental conser4vation. The company will develop initiatives to reduce environmental
pollution in the Indonesian region, such as applying sustainable products, recycling, and reuse of
materials to reduce pollution. Also, the company will focus on the use of renewable sources of
energy to enhance ecological sustainability. Additionally, the company will invest in water
conservation techniques to enhance the supply of clean water among the community members in
the different regions and thus participation in social responsibility sufficiently (Han et al., 2018).
The company will also engage in philanthropic responsibilities such as developing a public
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