Corporate Social Responsibility of Let s Talk Science

Posted by Matthew Harvey on Oct-17-2018

1. CSR at Let s Talk Science

CSR s embedded in the business philosophy of Let s Talk Science. At Let s Talk Science, 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 Let s Talk Science 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. Let s Talk Science 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 Let s Talk Science

Let s Talk Science works for CSR through the CSV approach. This is made easier to incorporate in the company systems because of the core values practised at Let s Talk Science. These are:

Respect – for every one

  • Trust
  • Integrity
  • Honesty
  • Accountability

1.2. CSR goals at Let s Talk Science

1.2.1. Improving livings standards for communities through increasing employment opportunities

Let s Talk Science believes in working for the people, and working with the people. With the growth of the business across the world, Let s Talk Science 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 Let s Talk Science

Let s Talk Science works with communities at large and aims to help them become healthier and happier. Let s Talk Science provides nutritional boosting and support to communities where it runs operations, as well as to other communities living in regions marked below poverty. Additionally, Let s Talk Science 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

Let s Talk Science works towards reducing its environmental footprint by ensuring that it allows the legislation regarding carbon production and release. Also, Let s Talk Science works towards designing operational processes that reduce water and land pollution. All products manufactured and distributed by Let s Talk Science come with a disposal method to reduce wastage, and increase recycling. 

2. Creating shared value (CSV) at Let s Talk Science

Let s Talk Science 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 Let s Talk Science, as well as allowing its expansion regionally as well as in its product portfolio. Through creating shared value, Let s Talk Science 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, Let s Talk Science can create the most value in the following aspects:

2.1.1. Nutrition

Let s Talk Science 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

Let s Talk Science 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

Let s Talk Science 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

 Let s Talk Science strives to develop communities where it operates. This includes rural communities and settlements from where Let s Talk Science gets its raw materials and inputs as well as labour. Let s Talk Science created varied employment and livelihood opportunities for these communities to help them raise their living standards and quality of life.

3. Commitments made by Let s Talk Science

Commitments at the Let s Talk Science have helped shape its CSR and CSV approach based on multiple trends from across the globe. These commitments have helped Let s Talk Science 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 Let s Talk Science 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 Let s Talk Science 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. Let s Talk Science 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

Let s Talk Science 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

Let s Talk Science 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. Let s Talk Science also conducts vocational training programs frequently.

3.2.2. Promoting diversity

Let s Talk Science 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

Let s Talk Science 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, Let s Talk Science 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. Let s Talk Science 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 Let s Talk Science, 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, Let s Talk Science 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 Let s Talk Science and CSR

At Let s Talk Science, SCR is embedded in the company DNA. Let s Talk Science 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

Let s Talk Science 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

Let s Talk Science 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, Let s Talk Science ensures that no animals are harmed. Let s Talk Science makes sure that all animals are fed high quality fodder, and that they are kept in a clean and safe environment. In addition, Let s Talk Science also provides safe breeding grounds for animals and regularly authorizes veterinary check-ups for all animals in partner farms.

4.1.4. Human rights

Let s Talk Science 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 Let s Talk Science 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, Let s Talk Science maintains an emphasis on water, sanitation and hygiene. All plants and manufacturing units operated by Let s Talk Science 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

Let s Talk Science is also an active pioneer of natural resource stewardship. Let s Talk Science has devised ways to ensure that natural resources are sustainably used for industrial operations, and are not damaged during business processes. Let s Talk Science shares this knowledge publicly for the overall welfare of the environment and the planet.

4.2.3. Women empowerment

During its manufacturing process, the Let s Talk Science 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, Let s Talk Science 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

Let s Talk Science 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

Let s Talk Science 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 Let s Talk Science.

4.3.3. Product Safety

Let s Talk Science 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 Let s Talk Science is closely guided by the sustainable development goals chalked out by the United Nations. Through working on the attainment of the SDGs, Let s Talk Science, and many other companies work together to create a peaceful and harmonious future that has sustainable resources and environment.    

Through connecting Let s Talk Science’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

  • Let s Talk Science creates opportunities for skill enhancement and vocational training
  • Let s Talk Science also provides equal employment opportunities to all labours from the local communities
  • Let s Talk Science 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

  • Let s Talk Science works towards implementing a model of less food wastage and food loss – in the manufacturing as well as the supply chain process
  • Let s Talk Science 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
  • Let s Talk Science 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

  • Let s Talk Science strives to ensure high water efficiency and water sustainability in all business operations and processes
  • Let s Talk Science advocates and also internally implements positive water policies
  • Infrastructure developed by Let s Talk Science in different rural communities and settlements ensures authorized sewage networks and lines to avoid dumping in freshwater reserves

5.4. Life on land

  • Let s Talk Science works towards establishing the green supply chain
  • Let s Talk Science ensures that no Green spaces are destroyed for its business and industrial purposes, and also works towards creating healthy green spaces through numerous plantations
  • Let s Talk Science 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

  • Let s Talk Science works towards improving the living standards and quality of life of communities it engages with
  • For farmers, Let s Talk Science has also improved farm economics
  • Let s Talk Science works towards protecting the children in the supply chain processes, as well as creates diverse livelihood opportunities for adults

5.6. Quality education

  • Let s Talk Science provides a hands-on learning opportunity for young adults from local communities through internship opportunities
  • Let s Talk Science also sponsors various scholarship programs for different grade levels in communities where it is operations
  • Let s Talk Science has inaugurated primary schools in three different regions where it has operations – in rural settlements – as a step towards achieving quality education for all.

6. Partnerships and collaborations for a greater positive impact

6.1. United Nations Global Impact

The Let s Talk Science works with the United Nations through the united nation global compact (UNGC) avenue. Let s Talk Science has close and successful collaborations with UNGC based on the commonality of goals and values, as well as short term sustainable plans for environmental wellbeing. Collaboration with UNGC is two way for Let s Talk Science:

  • It helps Let s Talk Science strengthen its integration of the CSV approach, and its various aspects and channels. Working with UNGC allows the Let s Talk Science to redesign and improve its operations to ensure that all systems are ethically sound and sustainable
  •  Working with UNGC allows Let s Talk Science to help in whatever way possible, towards the attainment of the SDGs developed and defined by the UN. By being partners with UNGC, Let s Talk Science ensures that it's business operations and practices, as well as external engagements, work towards accomplishing the defined SDGs.

6.2. International Federation of Red Cross and Red Crescent Societies (IFRC)

Let s Talk Science has collaborated and worked with IFRC in different regions of Africa for more than a decade – striving towards improving water sanitation and hygiene issues. The company has worked tirelessly to help provide communities with safe drinking water. The efforts of Let s Talk Science have been tied, especially with first communities that reside in crop and local farms, as well as for communities who live near bottled water plants in different African regions.

7. Accounting and CSR at Let s Talk Science

CSR is also very evident in the accounting practices at Let s Talk Science. Incorporation of CSR at all fronts and in all departments of the organization has helped Let s Talk Science achieve a distinctive competitive edge, and has also improved its image and standing amongst consumers as ab active advocate of sustainable living and sustainable consumption.

The overall organizational CSR at Let s Talk Science has been achieved in large because of its emphasis on incorporating CSR at the base level functions – such as that of accounting

7.1. Accounting Principles at Let s Talk Science

Let s Talk Science follows the international standard and policies in its accounting principles. The company has in-house trained and qualified individuals from each region where it operates, along with managerial support from the headquarters for developing and auditing accounting principles and accounting activities in the business. All activities and processes, as well as accounting systems, are vetted for local and international legislations attached, and ensure to follow an ethically built framework that is within the legal boundaries.

7.2. Governance structure at Let s Talk Science

All managerial levels at Let s Talk Science, including the strategic leaders, are supervised by governing internal bodies. The strategic leadership is supervised by the board of directors, while other managerial levels are supervised for their performance internally by other managerial groups and levels. The purpose of governance at Let s Talk Science Is to ensure that the company is in line with its CSV approach at all times and that all business operations and decisions are made in perspective of the company’s value of sustainable living.

7.3. External advisory partners

To ensure that all practices at Let s Talk Science are ethical, and followed as per international benchmarks and expectations, the Let s Talk Science also contracts with a third party, external advisors. These advisors audit and vet the company systems, processes, and accounting numbers to make sure that everything is in line with the expectations, and the business model.

8. Finance and CSR at Let s Talk Science

It is interesting to note that while CSR activities and engagements help <?=$title?> improve its image and standing amongst the public and other stakeholders, and help it build credibility and trust, it also results in improved financial position and performance.  

8.1. Financing opportunities

Let s Talk Science finds higher opportunities for financing its projects because of its engagement in various CSR activities. This is because the company faces lesser financial constraints because of its improved image ad standing. Moreover, it is also now easier for Let s Talk Science to secure finances for funding new projects and ideas.

8.2. Higher investment opportunities

When firms like Let s Talk Science perform and engage in CSR activities, they include them and mention them clearly in the annual report and other official company documents. This increases the overall transparency for Let s Talk Science and communicates values of commitment, trust, and passion. 

 As a result, it attracts new investments from local as well as international investors for business expansion and business operation enhancement. With higher transparency, potential investors feel less doubtful and less fearful about investing in Let s Talk Science. 

8.3. Improved stakeholder engagement

CSR engagement by Let s Talk Science in various aspects, and on various platforms has resulted largely because of higher participation, engagement and encouragement by the stakeholders. This active engagement by stakeholders and shareholders alike has convinced strategic managers for Let s Talk Science to develop a long-form and a futuristic strategy. This has been important for Let s Talk Science for resource allocation and contracting and planning with the right outlook and resources in perspective. 

9. References

Cole, G., 2003. Strategic Management. Boston: Cengage Learning EMEA.

Gerlach, A., 2003. Sustainable Entrepreneurship and Innovation. University of Leeds, s.n.

Hill, C. & Jones, G., 2007. Strategic Management: An Integrated Approach. Boston: Cengage Learning.

King, D. & Lawley, S., 2016. Organizational Behaviour. Oxford: Oxford University Press.

Kotler, P. & Keller, K., 2009. Marketing Management. New Jersey: Prentice Hall.

Martinez-Ferrero, J. & García-Sánchez, I., 2015. Is corporate social responsibility an entrenchment strategy? Evidence in stakeholder protection environments.. Rev. Manag. Sci. , Volume 9, p. 89–114.

Mazurkiewicz, P., n.d. Corporate Environmental Responsibility: Is a common CSR framework possible?. s.l.:World Bank

McWilliams, A. & Siegel, D., 2001. Corporate social responsibility: A theory of the firm perspective. Academy of Management Review, 26(1), p. 117–127.

Perez, A. & Rodríguez del Bosque, I., 2014. The role of CSR in the corporate identity of banking service providers. Journal of Business Ethics, 108(2), pp. 145-166.

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