Corporate Social Responsibility And Corporate Ethics Essay

Corporate social responsibility has become a major issue in the recent past to the extent in which there are watchdog organizations that monitor actions of corporations and file a report indicating companies that aren’t socially responsible. Such organizations are known as sustainability auditing firms (Gallagher, 2012). This has made most of the companies that are growing to issue corporate social responsibility reports alongside their annual business reports. Citigroup is a financial service company that has been able to do this with other companies. In fact, it should be noted that Citigroup, Inc. is the world’s largest financial service corporations with a revenue base of over 130 billion dollars (MacDonald, 2011). Citigroup, Inc. has appeared in the list of Forbes 100 and was been rated in 2007 as one of the most responsible top 50 companies. The company employs more than 300000 employees today. Hence, this paper will look at the extent to which Citigroup, Inc. has put in place responsible practices and corporate ethics and how they account for the influence of their stakeholder’s actions (Carroll Buchholtz, 2010). The four components of Corporate Sustainability Model are: inputs, processes, outputs and the outcomes. Basically, Citigroup, Inc. has incorporated their sustainability model to suit the four components through initiatives such as supporting the need for curbing climate change, protection of human rights and providing assistance to families facingShow MoreRelatedCorporate Social Responsibility And Corporate Ethics1468 Words   |  6 Pagesfact that your business exists in the environment, the responsibility of this depends on many stakeholders, such as local communities, customers, employees and suppliers. On the other hand the way the products are produced and manufactured has a significant impact on the environment. 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