Three large corporations that have benefited from recently adopting socially responsible innovation strategies include Google, Johnson & Johnson, and Coca-Cola.
GOOGLE
SOCIAL RESPONSIBILITY AND BENEFITS TO SOCIETY
SOCIAL RESPONSIBILITY AND BENEFITS TO SOCIETY
- Google's data center uses 50% less energy as compared with other global corporations. The company has committed over $1 billion
to enable other companies to reduce their impact on the environment with their services such as Gmail. - In 2017, Google achieved 100% renewable energy targets and is the top purchaser of renewable energy in the world.
- Google provides grants to social impact
initiatives including Goodwill Industries International, Equal Justice Initiative, and Pratham Books. - The company also facilitates employee gift matching, green commuting, paid time off for employees to volunteer.
COMPANY BENEFITS
The company and its CEO are trusted for theirenvironment friendly initiatives.
Google is the world's most popular search engine.
The company and its CEO are trusted for their
Google is the world's most popular search engine.
JOHNSON & JOHNSON
SOCIAL RESPONSIBILITY AND BENEFITS TO SOCIETY
SOCIAL RESPONSIBILITY AND BENEFITS TO SOCIETY
- According to Sustain Case, in 2017 Johnson & Johnson identified social responsibility throughout its supply chain as a key issue.
- The company did an audit on its supply chain and also updated responsibility standards for suppliers.
- The corporation has focused on initiatives that reduce its planet impact.
- The corporation purchased a private energy supplier to allow them to reduce pollution and provide renewable energy.
- Johnson & Johnson leverage wind power and provides "safe water to communities around the world".
- They aim to find ways of procuring 35% "of their energy needs from renewable sources".
COCA-COLA
SOCIAL RESPONSIBILITY AND BENEFITS TO SOCIETY
SOCIAL RESPONSIBILITY AND BENEFITS TO SOCIETY
- Coca Cola established seven core areas as their social responsibility strategy. These include community, beverage benefits, energy, healthy living style, climate, good sustainability practices, and improving business goals.
- Coca-Cola’s has made changes to their supply chain practices by investing massively in "new alternatively fueled trucks".
- Their delivery trucks contributed to "3.7 million metric tons of greenhouse gases to the world".
- The company has initiatives intended to reduce their carbon footprint by 25% before 2020.
COMPANY BENEFITS
The company's social responsibility strategies helped it to getgood reputation and profitability.
Coca Cola stands in a good position in themarket partly due to their social responsibility initiatives.
The company's social responsibility strategies helped it to get
Coca Cola stands in a good position in the