ETHICS AND CSR Case Study Help
Current essential issues
The fashion industry has a significant impact on the climate and environment. It is one of the biggest consumers of water, and is responsible for twenty percent of the world’s water wastage. It also releases half a million tons of synthetic fibers into the ocean, on an annual basis. Additionally, the average consumer today buys 60 percent more clothing than they did 15 years ago. Then they keep half of the clothing they buy. This has a negative impact on the planet. The fashion industry is responsible for eight to ten percent of the world’s total carbon emissions rate and nearly twenty percent of the world’s total water-wastage rate. In addition, the industry consumes more energy than shipping and aviation combined. It is also a major source of waste, and it is hard to determine how much of waste it recycles. Fortunately, the fashion industry has adopted innovative strategies that help for the betterment of environment, and it is doing its part in the reduction of its carbon footprint.
Stakeholders/Interests (refer to the course concepts)
The stakeholders in our business are trading companies, suppliers, distributors, customers and partners in the industry. Studio 2.O considers the needs of stakeholders and tries to fulfil their business demands. The challenge for the fashion industry is to transform into a high-growth business. There are a variety of barriers, and the fashion ecosystem needs to step up, to accelerate innovation. This investment in climate can generate an additional $20 billion to $30 billion annually, by 2030. It is also crucial for the industry to engineer the conditions that encourage strong new ventures to emerge and succeed. Following are the six specific actions to accelerate the transformation of the apparel industry.
The apparel industry has become a “fast-paced” sector, with the aim of responding quickly to the consumers’ demands as well as the changing fashion trends. This means that the producing cost is lower, but at the same time, it often results in poor labor conditions in the SCs of the countries where its products are manufactured. While some companies have been addressing these concerns for many years, other companies have failed to make these efforts, whose resulting adverse effects must be carefully investigated.
There is an increased concern about pollution, particularly from the oil, carbon emission and air pollution in the Canadian market. Women are more sensitive to these issues and they also consider these factors while making purchases. As climate change continues to increase; the country is struggling to combat its effects. Its population is growing at a much faster rate than it ever did before, and the amount of energy it uses has significantly increased. The environmental challenges being faced by Canada are widespread and complicated, but there are ways to address these challenges. The most pressing challenge is climate change. While average global temperatures are rising; the country has seen a variety of significant shifts in climate domestically. The government is making strides to curb the effects of climate change and the country is establishing regulations and policies to counteract it.
Stakeholders and climate change
Other major environment issues which Canada is facing, includes the rise of global temperatures and the threat of climate change. The country has taken steps to mitigate the effects of climate change, and it has been the only country to shut down a coal-fired power plant in 2014, replacing it with emission-free power plants. The province of Ontario instituted a carbon tax in 2008. This tax has been implemented across the country since 2010. This measure is an excellent example of how Canadians are taking action to address the climate change issues.
In Canada, the biggest environmental challenges are deforestation and pollution. While the environment is mostly covered by trees, industrial pollution can have a negative effect on aquatic life, human health and infrastructure. For these reasons, the government is attempting to address these issues through its government. In addition, Canadians can support non-profit organizations that are working on the environment’s improvement. However, there is a number of other problems that are more difficult to address.
Legal requirements for companies
At the end of the 20th century; the Harper administration made it difficult for environmentalists in Canada to operate. It closed down scientific institutions and reduced federal funding, causing a massive decline in the number of scientific researches. There were also increased audits of environmental charities, causing them to lose their charitable status. The Harper administration also accused the environment groups of branding themselves as radicals. In fact, the government’s 2012 anti-terrorism strategy cited the environment movement as a source of domestic extremism.
The Harper government also made it harder for the environmentalists to operate in Canada. The federal government has reduced the number of science institutions, reducing the federal funding for environment-based charities. As a result, they risk losing their charitable status. Many Canadian environmentalists have gotten discouraged by the Harper government’s actions. Today, the environment is the priority for both the Canadian and international community. By reducing pollution and deforestation; the government hopes to protect the world’s environment.
Corporate Social Responsibility Strategy (refer to the course concepts)
Corporate Social Responsibility
The concept of corporate social responsibility (CSR) has gained much momentum over the past decade. In addition to promoting the sustainable business practices; CSR has also helped the companies operating in the fashion industry to develop mutually beneficial relationships (Carroll, 1999). The fashion industry has a high volume of clothes to be produced and it is only focused on the need to keep its costs low. However, CSR initiatives often focus on production processes rather than social issues. This is not surprising, given numerous factors that garment’s production is comprised of. In addition to ethical and social responsibility; CSR also has an impact on the way the consumers shop. Some brands are trying to become more environment-friendly by donating to charities. Other brands are making an effort to create a positive impact on their consumers. For example: TOMS donates shoes to children in need on each pair of shoe it sells. For every pair of eyeglasses; it pays for an eye exam of an impoverished person.
A brand should strive to create a positive impact. One way to achieve this is by using ethically-sourced cotton. In addition, the companies should also work on increasing the product’s recycling. Taking care of the environment is not only a great way to promote a brand’s values, but it also helps the environment. As a brand, it’s imperative to create a positive impact that serves its customers……………….
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