Assignment Cover Page.docx - Introduction to Golbal Business Name Student ID Student Email Name of TA Tutorial Day and Time Friday 08.30 \u2013 10.30

Assignment Cover Page.docx - Introduction to Golbal...

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Introduction to Golbal Business Name: Student ID: Student Email: Name of TA: Tutorial Day and Time: Friday 08.30 – 10.30 Company: Samsung Electronics Semester and Campus: Semester 1(2019) CTI Title: Business Submission Word Count:
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_________________________________________________________________________________ _ GLOBAL COMPACT – BUSINESS SUBMISSION | INSPIRE THE WORLD – CREATE THE FUTURE | ________________________________________________________________ HUN KIM - JEONG Director of  Samsung Electronics 1 st  April 2019
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EXECUTIVE SUMMARY
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Table of Contents Our Commitment 1 Principle 4 – Forced and compulsory labour 3 Proposal & Recommendations – Benefit, Risk & Challenges……………………………………………….4-5 Principle 8 – Initiatives to promote the environment 6 Proposal & Recommendations – Benefit, Risk & Challenges……………………………………………………7-8 Reference list……………………………………………………………………………………………………………………9-10
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OUR COMMITMENT Page 1| Samsung is one of the largest leading electronics companies in the world. As a result, our 2020 vision which is to commit ourselves towards creating a better world has been mostly achieved till now. That is to say, that our approach to sustainability is not only to maximize neither the company values nor profits. Consequently, though Samsung is not a participant in the United Nations Global Compact, the latter has always been grateful as a global corporate company to implement the corporate social responsibility program in order to create and adhere to the environmental, economic, and social values leading to a positive impact on stakeholders and the society as a whole (Chang, Zhang and Xiong 2019). A ccording to the United Nations, some 8 Million tons of plastic end up in the ocean yearly, thus, Samsung has been committed towards more eco-friendly packaging and regarding Samsung policy, protecting the environment means safeguarding the future, therefore, Samsung is certainly implementing new measures such as global environmental activities to diminish this crisis (Samsung’s commitment 2017). Ref: news.samsung.com W e at Samsung always ensure a proper management of supply chain, That is securing the corporate ecosystem economically, environmentally and Socially. For example, “Is suppliers abiding to human rights regulations?” (Supply chain 2019). S amsung as a top global company has always implemented fairness and transparency in the corporate culture through daily operations to achieve every responsibility, goals and most certainly, social roles (Ethics 2019).
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OBJECTIVES Page 2| T hroughout this business submission we, team members, managers, and employees expect to push Samsung Electronics forward to be more proactive towards the corporate social responsibility program and are certainly improving our practices as we are in full preparation to join the United Nations Global Compact. As such, we can say that we are already members of the UN Global Compact as Samsung has received some major awards from different external organisations concerning the participation by helping and working with Paris COP21 in December 2015 and United Nations Framework Convention on climate change (Samsung 2016). Furthermore, Samsung Electronics current performance according to the UN Global Compact is based on principle four and nine.
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