Social Responsibility and HP Essay Example for Free

Social righteousness and HP EssaySustainable cultivation has begin a recurrent term in the modern day business community. In order to attain a lovingly conscious economy, businesses have to strike a primordial balance between the inevitably of the present and the practicable economic consumption of natural resources and ecosystems for future generations. lifetime betterment is the term coined by the case 50 company, Hewlett Packard to report its Corporate Social Responsibility program. The Living hap program is designed to reserve a collective value to society much like an integrated Triple Bottom stemma concept. The ch every last(predicate)enge for HP is to create a balance between human,economic and environmental progress. It aims to achieve a substantial internal culture within the workforce to provide solutions to orbicular consequences. This paper will attempt to bedeck HPs integrated approach by drawing data from HPs 2014 Living Progress report, official website and press releases and show a connection between economic returns and environmental and social substantially being.The human component of HPs initiative demonstrates a number of detailed strategies, from committing to promptly employing foreign migrant workers in the HP supply chain to a addressing issues of diversity with other organizations. HP also proudly boasts a 15% improvement in Social Accountability Internationals Social reproduce Benchmark which resulted in HP placing in the top tier of companies assessed.1(2014). All this points to HPs declare of securing innovative ways to engage workers and protect them. The human progress model constitutes of sub frameworks, that all string a vast to human development. Human rights are the fundamental rights, freedoms, and standards of treatment to which all people are entitled. They are outline in international conventions, declarations, and treaties, including the United NationsUniversal Declaration of Human Rights.2(20 14). Human rights is a compelling issue for HP, by working closely with the United Nations Guiding Principles on origin and Human rights, HP has created policies of its ingest designed to curb worker exploitation and support the rights of all concerned stakeholders.Beyond its own operations, HP has contributed to a multitude of initiatives that support the common goal of human rights and has taken a leading role in participating with them. Another branch of the human progress model is HPs preparation Chain Responsibility. HP is highly indebted to the Information Technology (IT) supply chain and hence is mixed in programs that enhance the lives and protects the rights of its workers that deliver its products and services. A remarkable achievement in its tot up Chain Responsibility program was the reduced supply chain greenhouse gas (GHG) emissions intensity by 18% from 2010 levels.3 The translate Chain Responsibility program is an ever evolving system and HP is determined to m itigate risks by observe programs, worker engagement and other external sources.For example, HPs engagement in Southeast Asia enabled them to sympathize the evolving risk of forced labor in foreign migrant worker populations and take action as early as 2008.4 HP is aiming to secure high worker productivity and employee retention through The Supply Chain Responsibility initiative. Another vital straw of the human progress framework is HPs objective of employee development. Among the many activities are, mentoring, leadership development, professional development and redeploying employees which is the term HP uses for internal recruitment. HP is attached to increasing the diversity of the workforce, with a strong focus on female talent5. The report also credit workforce, wellness, health and safety, providing to a greater extent than just financial remunerations.As one of the worlds amplest multinational companies, HP has far reaching economic impacts. The second pillar in HPs Livi ng Progress scheme is to advance a thriving economy, where people have the skills and resources they need to contribute to society.6 The economic impacts created by HP across all stakeholders for 2014 are broad. One such example is supplier diversity, By funding local communities and harnessing innovative and competitive advantages, HP creates a chain of expansive economic impacts. The demands ofrising levels of data, calls for viable IT solutions, and HP is proud to host the groundbreaking HP Apollo 8000 system.7 Launched in 2014, the system has recorded savings of $1million in energy costs, compared to previous versions.The Apollo 800 is a revolutionary system that relies on a liquid cooling system, unlike the other systems that use air. The impact created through this system was that excess heat was able to be transferred to use elsewhere8 Another economic impact highlighted in the report is the indirect payoff to local economies, resulting from compensation to all its 302,000 employees worldwide and they in turn pay taxes.9 HP paid net cash income taxes of $1.3 billion in 2014, contributing to government spending and programs around the world. We also re morose $3.9 billion of capital to percentageholders in the form of dividends and share repurchases potentially increasing their spending and taxes.10 The economic waves created by companies such as HP is a trim case for a positive derivative to society.The most necessary concern for sustainable development is the closing tier in HPs Living Progress initiative, The milieual Progress. Through its application HP hopes to make the environment stronger as they grow by improving the efficiency of its supply chain, operations, and product and solutions,as well as by making positive contributions to the community, hence solving sustainability challenges.11 Tackling greenhouse gas emissions is HPs primary focus in operations. Also, by striving to continually reduce waste and the use of water, HP has created l eak detection systems, resulting in efficient operations. In 2011, HP became the first IT company to publish its global carbon footprint.12 This was a bold move by the company, as it demonstrates the willingness HP took to act responsibly and pose a trend for other IT firms to follow. Embracing the circular economy model is a key cistron in HPs Environmental Progress agenda.This model not just simply cuckold products, but offers customers ongoing services, extending its life cycle . All of the products and services that HP sells have the environment in mind and this is key to sustainable growth in society. Product design is a vital endowment fund in research fo HP product and this is displayed in HPs Design for the Environment Program(DfE), which dates back to 1992.13 The DfE program was highly trustworthy in 2014 for helping customers gain green procurement, resulting in more than $25 billion in existing and potentialbusiness revenue14. This type of investment in customers tur ned out be highly rewarding. Later this year HP announced it will be separating into twain companies Hewlett Packard Enterprise and HP Inc.HP believes the split will provide further breadth into its Living Progress impact worldwide, but needless to say this may lead to conflicting interests or a failed opportunity. The long term effects of the program may be shadowed by the impending change, however it is key to note that HPs strategy has always been to look to the future and it is not the first large firm to make a colossal strategic decision and wont be their last. Socially responsible activities such of those, conducted by HP must have some concrete return, or it wont be viable from a business perspective. HP has exhibited a strong connection between pecuniary returns and social and environmental well being. The Living Progress initiative is a beacon for sustainable development and making the environment stronger is its highest aspiration.REFERENCESHP Living Progress. (2014).201 4 HP Living Progress Report Retreived From http//www8.hp.com/h20195/v2/GetDocument.aspx?docname=c04152740Indiana Business Review. The Triple Bottom Line What Is It and How Does It Work? Retreived from http//www.ibrc.indiana.edu/ibr/2011/spring/article2.html