SONY
Sustainability
Sony: Sustainability and corporate social responsibility
Virtually all companies today have publically-articulated commitments to sustainability and the Japanese company Sony is no exception. Broadly speaking, corporate sustainability entails "acting with long-term consequences in mind and managing a business such that its processes or overall state can be maintained indefinitely" (Phillips 2012). Using renewable resources is a key component of sustainability, as is creating products and services that do not tax the environment and ideally help consumers to lessen their ecological footprint. The ecological footprint determines how much an entity consumes of the world's resources -- how much it takes away from the environment, and also how much it gives back (Footprint basics, 2012, Footprint Network)
Sony defines its sustainability initiative as follows: "Sony Group recognizes that its business activities have direct and indirect impact on the societies in which it operates, and therefore sound business practice requires that business decisions give due consideration to the interests of its stakeholders including shareholders, customers, employees, suppliers, business partners, local communities and other organizations" (About CSR report, 2012, Sony). According to the words of its sustainability statement, Sony strives to honor the needs of local communities as well as persons who have a stake in corporate profitability.
The first principle of Sony's corporate sustainability report is to create "effective systems for corporate governance and compliance to ensure sound business practices" and minimize the impact of its operations on society (About CSR report, 2012,...
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