Corporate Responsibility, Fair Trade Corporate Responsibility, Fair Trade Networks and Questionable Labour Networks and Questionable Labour

Practices Practices

What is corporate responsibility?

• Many names for it• Following laws, ethical and moral standards,

international expectations• Environmental awareness and respect for

employees, consumers, share-holders, communities

• encouraging community growth voluntarily

Why is it trendy right now?

• Consumers more aware of corporate practices • Communications/climate change increasing

awareness of ecological footprint• People support companies that reflect values• Wal-Mart and Nike boycotted for slave labour

• Ottawa company that cleans with environmentally friendly products.

• Promoting healthy toxin-free living

Local Example - Enviropure

National Example – Canadian Tire

• reducing amount of energy used by ~40%• building new energy efficient stores.• Ontario reduced energy consumption by 15%• Changed means of transportation.

National Example – Hydro One

• Pension quality top in the utilities sector• Female CEO• 780,000 smart meters• Saves 272 million kWh each year

International Example – Minto

• The Minto Green Team• Award-Winning Environmental Stewardship• Environmental Milestones

Why is going green important?

• Ethical Consumerism• Profitable • Environmentally sustainable

Are their any fakers?

• Fakers: say one thing, but actions say another• Mobile phone industry• Airline industry• Governments