JB Hi-FI Corporate Social Responsibility (CSR) Report

JB Hi-FI Corporate Social Responsibility (CSR) drawMing Chak Ip get across Part AFor JB Hi-FI there are 4 types of bodily social responsibility to report. The surroundingsal section must be include and it provides information on actions the company is taking to meet carbon vestige requirements. Second are Philanthropic responsibilities stating how the company supports charities through funding. Third is respectable involves workplace safety or the employee health and mainly involves the welfare of employees at the workplace. Lastly are the ethical responsibilities. They are responsibilities of the company to do what is right and without any obligation.Part BOn the CSR initiatives employed by JB high fidelity is the Helping Hands program. It is a philanthropic initiative whereby directors, executives and employees twist donations towards the financial gain of community partners and has already raised $10 million for their pilot ladder partners (page 15). JB HI-FI overly has donation boxes in their stores where customers donate at the foreland of sale. JB Hi-FI is also a member of Employer Leadership Group (ELG) that creates sensory faculty of workplace giving to support the tender-hearted sector (page 15).JB HI-FI has also disclosed its environmental sustainability statement. Some initiatives include the carbon disclosure job that monitors and reports annual energy consumption/emissions. There is also the Smarter Choice class for advice on energy efficiency of commodities. JB HI-FI is a signatory to the Australian Energy Packaging Covenant hence commits to reduced effects of publicity on the environment. Others include the mobile phone cycle and re-uses that helps lower entrance of mobile phones into landfill, the Cartridge 4 Planet Ark for re-cycling used printer cartridges and recycling of paper, cardboards and old appliances (page 14).Third in CSR are ethical responsibilities. JB HI-FI commandment of conduct specifies respect accorded to em ployees, there rights and freedoms, professional ethics and adherence to laws and regulations (page, 10). In the ethics statement, they state responsibility to respect suppliers, employees and customer and protect their in-person sensitive information. The firm is committed to a safe working environment to its employees and there is also a diversity statement whereby JB HI-FI in full values diversity of skills, gender, experience and background of its employees (page 9).Part C mingled theories support CSR. There are instrumental theories. JB HI-FI tries to maximize stockholder value and thats the reason the company uses the Helping Hands program where employees get up to meet social demands. It also involves strategies for agonistic advantages. For example, recycling is cost salve to the firm in addition to protecting the environment hence creates competitive advantages. Instrumental theories also involve cause-related marketing. For instance, JB Hi-FI has partnered with chari table firms where it makes donations and in turn builds its brand.The second CRS theories are political theories. JB HI-FI has made major interactions with the nine hence had gained corporate citizenship through partnerships. The social contact with environmental bodies and charitable firms mandates the firm to give back to the community as demonstrated by its philanthropic initiatives. Last theory is Integrative theories. The community has social demands that offer the firm some legitimacy (Garriga, Mel, 2004). Since greenhouse gas emissions are a social demand, JB HI-FI has to meet such social demands to attain greater social acceptance. It validates the environmental sustainability initiatives implemented by the company.References Listwww.jbhifi.com.au. (2016). Annual Report JB Hi-Fi. online Available at https//www.jbhifi.com.au/Documents/2016%20JB%20Hi-Fi%20Annual%20Report_ASX.pdf Accessed 23 Mar. 2017.Garriga, E., Mel, D. (2004). Corporate social responsibility theories us e the territory. Journal of business ethics, 53(1), 51-71.