Corporate Social Responsibility of Greencoat Renewables Plc
Posted by Matthew Harvey on Oct-17-2018
1. CSR at Greencoat Renewables Plc
CSR s embedded in the business philosophy of Greencoat Renewables Plc. At Greencoat Renewables Plc, the business operations and processes are designed in a way that they do not become an obstacle or a burden in the way of people’s and the environment’s wellbeing. At the same time, these processes and designs boost business growth. The systematic design of operations at Greencoat Renewables Plc enables the management to ensure that the organization achieves sustainable business growth by reducing attached risk factors as well as through community building goals and ambitions. Greencoat Renewables Plc strives to increase its social impact and influence on the environment and in people’s lives- by focusing on three big goals.
1.1. Values at Greencoat Renewables Plc
Greencoat Renewables Plc works for CSR through the CSV approach. This is made easier to incorporate in the company systems because of the core values practised at Greencoat Renewables Plc. These are:
Respect – for every one
- Trust
- Integrity
- Honesty
- Accountability
1.2. CSR goals at Greencoat Renewables Plc
1.2.1. Improving livings standards for communities through increasing employment opportunities
Greencoat Renewables Plc believes in working for the people, and working with the people. With the growth of the business across the world, Greencoat Renewables Plc ensures that it creates new employment and livelihood opportunities for millions across the globe. This is done through direct employment and contracts, as well as through inclusive business opportunities.
1.2.2. Enhancing the health and wellbeing of communities engaging with Greencoat Renewables Plc
Greencoat Renewables Plc works with communities at large and aims to help them become healthier and happier. Greencoat Renewables Plc provides nutritional boosting and support to communities where it runs operations, as well as to other communities living in regions marked below poverty. Additionally, Greencoat Renewables Plc also produces and distributes health and hygiene products to enhance the wellbeing of its customers along with the various communities it has engaged with.
1.2.3. Reducing environmental footprint
Greencoat Renewables Plc works towards reducing its environmental footprint by ensuring that it allows the legislation regarding carbon production and release. Also, Greencoat Renewables Plc works towards designing operational processes that reduce water and land pollution. All products manufactured and distributed by Greencoat Renewables Plc come with a disposal method to reduce wastage, and increase recycling.
2. Creating shared value (CSV) at Greencoat Renewables Plc
Greencoat Renewables Plc works hard to create value for not only the shareholders but for the society at large. This approach of creating shared value has enabled impressive business growth for Greencoat Renewables Plc, as well as allowing its expansion regionally as well as in its product portfolio. Through creating shared value, Greencoat Renewables Plc brings value to the lives of communities where it operates by influencing those aspects of the society which intersect and coincide with the business offerings and business operations.
2.1. How to maximize value creation?
Through the CSV approach, Greencoat Renewables Plc can create the most value in the following aspects:
2.1.1. Nutrition
Greencoat Renewables Plc focuses on investing in the health of communities by focusing on nutrition and medication, as well as on sanitation and hygiene. The primary focus remains on ensuring health safety for children and infants.
2.1.2. Water
Greencoat Renewables Plc works hard with third parties and external as well as internal support systems to ensure that its operations do not cause water damage. In addition, it administers all its internal sewage plants to dispose of waste optimally without risking water life.
2.1.3. Air cleansing
Greencoat Renewables Plc maintains carbon units as per legislation in all its operations across the globe. The company also takes responsibility for ensuring that all its industrial sites and operations are placed away from residential areas to reduce maximum exposure of plant operations to the public.
2.1.4. Rural development
Greencoat Renewables Plc strives to develop communities where it operates. This includes rural communities and settlements from where Greencoat Renewables Plc gets its raw materials and inputs as well as labour. Greencoat Renewables Plc created varied employment and livelihood opportunities for these communities to help them raise their living standards and quality of life.
3. Commitments made by Greencoat Renewables Plc
Commitments at the Greencoat Renewables Plc have helped shape its CSR and CSV approach based on multiple trends from across the globe. These commitments have helped Greencoat Renewables Plc maintain focus in giving back to the community as well as in developing a more sustainable environment and workplace. Commitments are the long term goals that Greencoat Renewables Plc wants to fulfil and achieve in the following different aspects:
3.1. For individuals and families
3.1.1. Living healthier lives
For families and communities, the CSV approach of Greencoat Renewables Plc focuses on helping individuals attain a balance between healthy nutrition and physical exercise as a means of a healthier lifestyle and healthy living. With today’s work style and busy schedules, this is quite a challenge. Greencoat Renewables Plc works intending to develop programs and products to help communities manage time well and stay motivated towards increasing their wellbeing.
3.1.2. Having nutritional knowledge
Greencoat Renewables Plc works with the long term aspiration of enhancing the lifestyles of communities. The company plans to do it by sharing information regarding nutritional facts, and by raising awareness of nutritional intake. The company does this by not only making the nutritional value available for its own manufactured products but also develops programs and information sharing networks to help individuals learn about healthy eating and make informed dietary decisions.
3.2. For communities
3.2.1. Rural development
Greencoat Renewables Plc works towards developing rural communities-especially where it is operational and present. The company engages not only in employment creation but also infrastructure development and education deployment programs to help communities improve their living standards. Greencoat Renewables Plc also conducts vocational training programs frequently.
3.2.2. Promoting diversity
Greencoat Renewables Plc also works towards inclusion through its diversity programs. The company has designed programs and policies to ensure the inclusion of all community groups in the employment cycle. In addition, the company also conducts training and skill enhancement sessions for all community groups –including disabled and special persons
3.3. For the planet
3.3.1. Protecting water
Greencoat Renewables Plc understands the need for protecting water resources across the globe and is also an active fighter for water preservation. With the high scarcity of clean drinking water, Greencoat Renewables Plc works and strives to provide communities with clean drinking water through having installed filter plants
3.3.2. Protecting natural resources
With increased urbanization, natural landscapes of forests and grasslands have quickly turned into urban centres. Greencoat Renewables Plc ensures that all its operational sites are designed in a way that they do not harm or risk the natural ecosystem. In addition, the company works towards protecting the environment by building green spaces.
3.3.3. Safeguarding the environment
The operations of Greencoat Renewables Plc, like other players in the industry, are being affected by the climatic changes, and the weather alterations. To fight this change, and to safeguard the environment, Greencoat Renewables Plc works towards creating safe green spaces through high rate plantations. This is to ensure environmental sustainability and enrichment of the ecosystem.
4. Value chain at Greencoat Renewables Plc and CSR
At Greencoat Renewables Plc, SCR is embedded in the company DNA. Greencoat Renewables Plc ensures that the CSV approach is integrated into all operations and systems at the company, including THE VALUE CHAIN.
4.1. Supply chain
4.1.1. Rural development
Greencoat Renewables Plc allies with farmers and other partners to obtain the high quality raw material. In doing so, the company ensures that it invests in the wellbeing in the development of its partners and related communities through educational opportunities as well as various training programs and infrastructure development.
4.1.2. Responsible sourcing
Greencoat Renewables Plc participates in responsible sourcing. All its partners throughout the supply chain and for raw materials have been tested against set ethical backgrounds to ensure that all raw sources and materials are obtained from partners doing sustainable business.
4.1.3. Animal welfare
In all its sourcing, Greencoat Renewables Plc ensures that no animals are harmed. Greencoat Renewables Plc makes sure that all animals are fed high quality fodder, and that they are kept in a clean and safe environment. In addition, Greencoat Renewables Plc also provides safe breeding grounds for animals and regularly authorizes veterinary check-ups for all animals in partner farms.
4.1.4. Human rights
Greencoat Renewables Plc is also particularly careful to ensure that all human rights are upheld in its business operations. This includes no child labour, and inclusive diversity, amongst other things. Also, the business operations of Greencoat Renewables Plc also include high dependence on local workers for labor and management – making sure all local and global human rights are followed thoroughly.
4.2. Manufacturing
4.2.1. Water, sanitation and hygiene
During the manufacturing process and value additions, Greencoat Renewables Plc maintains an emphasis on water, sanitation and hygiene. All plants and manufacturing units operated by Greencoat Renewables Plc have an authorized sanitation system in place which ensures minimal water wastage. Besides, all industrial waste is disposed of off through authorized channels only – ensuring that no natural water body and water source is harmed or polluted.
4.2.2. Natural resource stewardship
Greencoat Renewables Plc is also an active pioneer of natural resource stewardship. Greencoat Renewables Plc has devised ways to ensure that natural resources are sustainably used for industrial operations, and are not damaged during business processes. Greencoat Renewables Plc shares this knowledge publicly for the overall welfare of the environment and the planet.
4.2.3. Women empowerment
During its manufacturing process, the Greencoat Renewables Plc also ensures to employ women labour in various managerial and operational level jobs. These women are usually from local communities and are trained for new skill development and enhancement. In doing so, Greencoat Renewables Plc ensures that women are equipped with the confidence and decision making abilities s that they advance not only in their professional but also in their personal and social lives.
4.3. Retail and consumers
4.3.1. Responsible marketing and influence
Greencoat Renewables Plc makes sure to use ethical means of marketing its products. This means not only does it disseminate rightful information and data regarding the company, but also makes sure that it does not use unethical appeals in its marketing communication.
4.3.2. Marketing to children
Greencoat Renewables Plc is also careful in its marketing to children so that it is not exploitative. Rather, marketing to children is done through influencing adults towards the products offered by Greencoat Renewables Plc.
4.3.3. Product Safety
Greencoat Renewables Plc ensures product safety in consumption at all times. This is done not only through mentioning nutritional value and facts but also through a clear statement of manufacturing dates and batches. This is to make sure that consumers are aware of the product quality and life cycle. Also, the company mentions clear ways and processes of disposing of the products to ensure that the environment is sustained and not harmed.
5. Working towards achieving sustainable goals
The CSR and CSV approach at Greencoat Renewables Plc is closely guided by the sustainable development goals chalked out by the United Nations. Through working on the attainment of the SDGs, Greencoat Renewables Plc, and many other companies work together to create a peaceful and harmonious future that has sustainable resources and environment.
Through connecting Greencoat Renewables Plc’s goals and commitments with the SDGs, the company has created avenues of channelling a positive impact on society through its operations and business as a whole.
5.1. No poverty
- Greencoat Renewables Plc creates opportunities for skill enhancement and vocational training
- Greencoat Renewables Plc also provides equal employment opportunities to all labours from the local communities
- Greencoat Renewables Plc promotes and supports small business ventures through inclusive business support and funding – especially for women who are micro-entrepreneurs in the community
5.2. Zero hunger
- Greencoat Renewables Plc works towards implementing a model of less food wastage and food loss – in the manufacturing as well as the supply chain process
- Greencoat Renewables Plc provides subsidized products in communities that are living below the poverty line, as well as in communities where it is operational and has industrial units and sites
- Greencoat Renewables Plc has developed recycling plants in local communities to ensure that there is no food wasted during consumption, and it is recycled into other products needed for a sustainable environment
5.3. Clean water and sanitation
- Greencoat Renewables Plc strives to ensure high water efficiency and water sustainability in all business operations and processes
- Greencoat Renewables Plc advocates and also internally implements positive water policies
- Infrastructure developed by Greencoat Renewables Plc in different rural communities and settlements ensures authorized sewage networks and lines to avoid dumping in freshwater reserves
5.4. Life on land
- Greencoat Renewables Plc works towards establishing the green supply chain
- Greencoat Renewables Plc ensures that no Green spaces are destroyed for its business and industrial purposes, and also works towards creating healthy green spaces through numerous plantations
- Greencoat Renewables Plc places a high emphasis on maintaining regular health check-ups for all community members – free of cost, and also focuses on animal welfare for farmers
5.5. Good health and well being
- Greencoat Renewables Plc works towards improving the living standards and quality of life of communities it engages with
- For farmers, Greencoat Renewables Plc has also improved farm economics
- Greencoat Renewables Plc works towards protecting the children in the supply chain processes, as well as creates diverse livelihood opportunities for adults
5.6. Quality education
- Greencoat Renewables Plc provides a hands-on learning opportunity for young adults from local communities through internship opportunities
- Greencoat Renewables Plc also sponsors various scholarship programs for different grade levels in communities where it is operations
- Greencoat Renewables Plc has inaugurated primary schools in three different regions where it has operations – in rural settlements – as a step towards achieving quality education for all.
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