A Business Scenario Background
The company you selected in Assessment One(HSBC) is currently a signatory to the United Nation's Global Compact, or considering becoming a member. The United Nation's Global Compact guides companies' social performance.
Like all signatories, your company would be or is planning to be a member of their Global Compact Local Network, which aims to achieve compliance with the ten principles of the Global Compact.
In this scenario, your company wants to identify ways of improving compliance to two of the Global Compact principles. Your task is to write a persuasive piece of internal communication addressed to your company, as a member of staff (HR manager). The goal of the submission is to propose recommendations to achieve or improve compliance with two principles of the Global Compact.
The two principles you will address . (1. Labour Standards- The elimination of discrimination in respect of employment and occupation. 2 Environment- Undertake initiatives to promote greater environmental responsibility) In your own words, the Submission (Assessment Two) will:
1. Review and present a selection of business practices and/or approaches from your company that relate to the two principles of the Global Compact.
2. Discuss both the positive and negative lessons learned from these business practices and approaches.
3. Develop business practice recommendations, which will improve compliance to the two Global principles. These should be based on the review you have undertaken and your understanding of the lessons learned.
4. Discuss the benefits, challenges and risks for key stakeholders if these recommendations are implemented. Word Limit: At least 1000 words, with a maximum of 1200 words. This INCLUDES in- text references.
Don't slip up! Make sure you do not go over the maximum word limit. A 5% penalty will occur for every 50 words - or part thereof - over the maximum word limit. This will be strictly enforced. The two principles chosen from the Global Compact may be different to the issue you discussed in Assignment One.
You will continue to look at the same two principles in Assignment Three. When proposing a set of recommendations, make sure to look at the supply chain of the business to understand how your two principles may relate to the operations of your business.
16 chicago reference.