Corporate Social Responsibility of CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A

Posted by Matthew Harvey on Oct-17-2018

1. CSR at CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A

CSR s embedded in the business philosophy of CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A. At CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A, 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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. CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A works for CSR through the CSV approach. This is made easier to incorporate in the company systems because of the core values practised at CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A. These are:

Respect – for every one

  • Trust
  • Integrity
  • Honesty
  • Accountability

1.2. CSR goals at CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A

1.2.1. Improving livings standards for communities through increasing employment opportunities

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A believes in working for the people, and working with the people. With the growth of the business across the world, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A works with communities at large and aims to help them become healthier and happier. CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A provides nutritional boosting and support to communities where it runs operations, as well as to other communities living in regions marked below poverty. Additionally, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A works towards reducing its environmental footprint by ensuring that it allows the legislation regarding carbon production and release. Also, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A works towards designing operational processes that reduce water and land pollution. All products manufactured and distributed by CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A come with a disposal method to reduce wastage, and increase recycling. 

2. Creating shared value (CSV) at CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A, as well as allowing its expansion regionally as well as in its product portfolio. Through creating shared value, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A can create the most value in the following aspects:

2.1.1. Nutrition

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A strives to develop communities where it operates. This includes rural communities and settlements from where CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A gets its raw materials and inputs as well as labour. CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A created varied employment and livelihood opportunities for these communities to help them raise their living standards and quality of life.

3. Commitments made by CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A

Commitments at the CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A have helped shape its CSR and CSV approach based on multiple trends from across the globe. These commitments have helped CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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. CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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. CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A also conducts vocational training programs frequently.

3.2.2. Promoting diversity

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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. CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A, 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, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A and CSR

At CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A, SCR is embedded in the company DNA. CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A ensures that no animals are harmed. CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A makes sure that all animals are fed high quality fodder, and that they are kept in a clean and safe environment. In addition, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A also provides safe breeding grounds for animals and regularly authorizes veterinary check-ups for all animals in partner farms.

4.1.4. Human rights

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A maintains an emphasis on water, sanitation and hygiene. All plants and manufacturing units operated by CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A is also an active pioneer of natural resource stewardship. CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A has devised ways to ensure that natural resources are sustainably used for industrial operations, and are not damaged during business processes. CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A shares this knowledge publicly for the overall welfare of the environment and the planet.

4.2.3. Women empowerment

During its manufacturing process, the CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A.

4.3.3. Product Safety

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A is closely guided by the sustainable development goals chalked out by the United Nations. Through working on the attainment of the SDGs, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A, and many other companies work together to create a peaceful and harmonious future that has sustainable resources and environment.    

Through connecting CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A’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

  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A creates opportunities for skill enhancement and vocational training
  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A also provides equal employment opportunities to all labours from the local communities
  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A works towards implementing a model of less food wastage and food loss – in the manufacturing as well as the supply chain process
  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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
  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A strives to ensure high water efficiency and water sustainability in all business operations and processes
  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A advocates and also internally implements positive water policies
  • Infrastructure developed by CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A in different rural communities and settlements ensures authorized sewage networks and lines to avoid dumping in freshwater reserves

5.4. Life on land

  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A works towards establishing the green supply chain
  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A ensures that no Green spaces are destroyed for its business and industrial purposes, and also works towards creating healthy green spaces through numerous plantations
  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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

  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A works towards improving the living standards and quality of life of communities it engages with
  • For farmers, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A has also improved farm economics
  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A works towards protecting the children in the supply chain processes, as well as creates diverse livelihood opportunities for adults

5.6. Quality education

  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A provides a hands-on learning opportunity for young adults from local communities through internship opportunities
  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A also sponsors various scholarship programs for different grade levels in communities where it is operations
  • CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A works with the United Nations through the united nation global compact (UNGC) avenue. CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A:

  • It helps CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A strengthen its integration of the CSV approach, and its various aspects and channels. Working with UNGC allows the CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A to redesign and improve its operations to ensure that all systems are ethically sound and sustainable
  •  Working with UNGC allows CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A to help in whatever way possible, towards the attainment of the SDGs developed and defined by the UN. By being partners with UNGC, CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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)

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A

CSR is also very evident in the accounting practices at CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A. Incorporation of CSR at all fronts and in all departments of the organization has helped CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A

All managerial levels at CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A, 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A are ethical, and followed as per international benchmarks and expectations, the CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A

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

CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A to secure finances for funding new projects and ideas.

8.2. Higher investment opportunities

When firms like CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A. 

8.3. Improved stakeholder engagement

CSR engagement by CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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 CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A to develop a long-form and a futuristic strategy. This has been important for CIBC OUTSOURCING THE HUMAN RESOURCES DEPARTMENT A 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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