Corporate Social Responsibility of Tokyo Olympics 2020 Challenges Galore

Posted by Matthew Harvey on Oct-17-2018

1. CSR at Tokyo Olympics 2020 Challenges Galore

CSR s embedded in the business philosophy of Tokyo Olympics 2020 Challenges Galore. At Tokyo Olympics 2020 Challenges Galore, 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 Tokyo Olympics 2020 Challenges Galore 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. Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore

Tokyo Olympics 2020 Challenges Galore works for CSR through the CSV approach. This is made easier to incorporate in the company systems because of the core values practised at Tokyo Olympics 2020 Challenges Galore. These are:

Respect – for every one

  • Trust
  • Integrity
  • Honesty
  • Accountability

1.2. CSR goals at Tokyo Olympics 2020 Challenges Galore

1.2.1. Improving livings standards for communities through increasing employment opportunities

Tokyo Olympics 2020 Challenges Galore believes in working for the people, and working with the people. With the growth of the business across the world, Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore

Tokyo Olympics 2020 Challenges Galore works with communities at large and aims to help them become healthier and happier. Tokyo Olympics 2020 Challenges Galore provides nutritional boosting and support to communities where it runs operations, as well as to other communities living in regions marked below poverty. Additionally, Tokyo Olympics 2020 Challenges Galore 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

Tokyo Olympics 2020 Challenges Galore works towards reducing its environmental footprint by ensuring that it allows the legislation regarding carbon production and release. Also, Tokyo Olympics 2020 Challenges Galore works towards designing operational processes that reduce water and land pollution. All products manufactured and distributed by Tokyo Olympics 2020 Challenges Galore come with a disposal method to reduce wastage, and increase recycling. 

2. Creating shared value (CSV) at Tokyo Olympics 2020 Challenges Galore

Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore, as well as allowing its expansion regionally as well as in its product portfolio. Through creating shared value, Tokyo Olympics 2020 Challenges Galore 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, Tokyo Olympics 2020 Challenges Galore can create the most value in the following aspects:

2.1.1. Nutrition

Tokyo Olympics 2020 Challenges Galore 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

Tokyo Olympics 2020 Challenges Galore 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

Tokyo Olympics 2020 Challenges Galore 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

 Tokyo Olympics 2020 Challenges Galore strives to develop communities where it operates. This includes rural communities and settlements from where Tokyo Olympics 2020 Challenges Galore gets its raw materials and inputs as well as labour. Tokyo Olympics 2020 Challenges Galore created varied employment and livelihood opportunities for these communities to help them raise their living standards and quality of life.

3. Commitments made by Tokyo Olympics 2020 Challenges Galore

Commitments at the Tokyo Olympics 2020 Challenges Galore have helped shape its CSR and CSV approach based on multiple trends from across the globe. These commitments have helped Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore 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. Tokyo Olympics 2020 Challenges Galore 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

Tokyo Olympics 2020 Challenges Galore 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

Tokyo Olympics 2020 Challenges Galore 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. Tokyo Olympics 2020 Challenges Galore also conducts vocational training programs frequently.

3.2.2. Promoting diversity

Tokyo Olympics 2020 Challenges Galore 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

Tokyo Olympics 2020 Challenges Galore 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, Tokyo Olympics 2020 Challenges Galore 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. Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore, 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, Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore and CSR

At Tokyo Olympics 2020 Challenges Galore, SCR is embedded in the company DNA. Tokyo Olympics 2020 Challenges Galore 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

Tokyo Olympics 2020 Challenges Galore 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

Tokyo Olympics 2020 Challenges Galore 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, Tokyo Olympics 2020 Challenges Galore ensures that no animals are harmed. Tokyo Olympics 2020 Challenges Galore makes sure that all animals are fed high quality fodder, and that they are kept in a clean and safe environment. In addition, Tokyo Olympics 2020 Challenges Galore also provides safe breeding grounds for animals and regularly authorizes veterinary check-ups for all animals in partner farms.

4.1.4. Human rights

Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore 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, Tokyo Olympics 2020 Challenges Galore maintains an emphasis on water, sanitation and hygiene. All plants and manufacturing units operated by Tokyo Olympics 2020 Challenges Galore 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

Tokyo Olympics 2020 Challenges Galore is also an active pioneer of natural resource stewardship. Tokyo Olympics 2020 Challenges Galore has devised ways to ensure that natural resources are sustainably used for industrial operations, and are not damaged during business processes. Tokyo Olympics 2020 Challenges Galore shares this knowledge publicly for the overall welfare of the environment and the planet.

4.2.3. Women empowerment

During its manufacturing process, the Tokyo Olympics 2020 Challenges Galore 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, Tokyo Olympics 2020 Challenges Galore 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

Tokyo Olympics 2020 Challenges Galore 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

Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore.

4.3.3. Product Safety

Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore is closely guided by the sustainable development goals chalked out by the United Nations. Through working on the attainment of the SDGs, Tokyo Olympics 2020 Challenges Galore, and many other companies work together to create a peaceful and harmonious future that has sustainable resources and environment.    

Through connecting Tokyo Olympics 2020 Challenges Galore’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

  • Tokyo Olympics 2020 Challenges Galore creates opportunities for skill enhancement and vocational training
  • Tokyo Olympics 2020 Challenges Galore also provides equal employment opportunities to all labours from the local communities
  • Tokyo Olympics 2020 Challenges Galore 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

  • Tokyo Olympics 2020 Challenges Galore works towards implementing a model of less food wastage and food loss – in the manufacturing as well as the supply chain process
  • Tokyo Olympics 2020 Challenges Galore 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
  • Tokyo Olympics 2020 Challenges Galore 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

  • Tokyo Olympics 2020 Challenges Galore strives to ensure high water efficiency and water sustainability in all business operations and processes
  • Tokyo Olympics 2020 Challenges Galore advocates and also internally implements positive water policies
  • Infrastructure developed by Tokyo Olympics 2020 Challenges Galore in different rural communities and settlements ensures authorized sewage networks and lines to avoid dumping in freshwater reserves

5.4. Life on land

  • Tokyo Olympics 2020 Challenges Galore works towards establishing the green supply chain
  • Tokyo Olympics 2020 Challenges Galore ensures that no Green spaces are destroyed for its business and industrial purposes, and also works towards creating healthy green spaces through numerous plantations
  • Tokyo Olympics 2020 Challenges Galore 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

  • Tokyo Olympics 2020 Challenges Galore works towards improving the living standards and quality of life of communities it engages with
  • For farmers, Tokyo Olympics 2020 Challenges Galore has also improved farm economics
  • Tokyo Olympics 2020 Challenges Galore works towards protecting the children in the supply chain processes, as well as creates diverse livelihood opportunities for adults

5.6. Quality education

  • Tokyo Olympics 2020 Challenges Galore provides a hands-on learning opportunity for young adults from local communities through internship opportunities
  • Tokyo Olympics 2020 Challenges Galore also sponsors various scholarship programs for different grade levels in communities where it is operations
  • Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore works with the United Nations through the united nation global compact (UNGC) avenue. Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore:

  • It helps Tokyo Olympics 2020 Challenges Galore strengthen its integration of the CSV approach, and its various aspects and channels. Working with UNGC allows the Tokyo Olympics 2020 Challenges Galore to redesign and improve its operations to ensure that all systems are ethically sound and sustainable
  •  Working with UNGC allows Tokyo Olympics 2020 Challenges Galore to help in whatever way possible, towards the attainment of the SDGs developed and defined by the UN. By being partners with UNGC, Tokyo Olympics 2020 Challenges Galore 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)

Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore

CSR is also very evident in the accounting practices at Tokyo Olympics 2020 Challenges Galore. Incorporation of CSR at all fronts and in all departments of the organization has helped Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore

Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore

All managerial levels at Tokyo Olympics 2020 Challenges Galore, 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 Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore are ethical, and followed as per international benchmarks and expectations, the Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore

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

Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore to secure finances for funding new projects and ideas.

8.2. Higher investment opportunities

When firms like Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore. 

8.3. Improved stakeholder engagement

CSR engagement by Tokyo Olympics 2020 Challenges Galore 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 Tokyo Olympics 2020 Challenges Galore to develop a long-form and a futuristic strategy. This has been important for Tokyo Olympics 2020 Challenges Galore 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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