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Understanding business ethics at Primark

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Introduction

Crushendae Campbell Understanding business ethics Definition: Primark CSR policy * employees have equal opportunities based on merit: * suppliers are treated fairly * local communities are respected and supported by Primark * the company takes its environmental responsibilities seriously CSR - CSR is a process with the aim to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders. Wikipedia Corporate governance - corporate governance involves regulatory and market mechanisms, and the roles and relationships between a company?s management, its board, its shareholders and other stakeholders, and the goals for which the corporation is governed. Sustainability - sustainability is the long-term maintenance of responsibility which has environmental, economic, and social dimensions, and encompasses the concept of stewardship, the responsible management of resource use. www.greenbridgepartnership.net Corruption - In philosophical, theological, or moral discussions, corruption is spiritual or moral impurity or deviation from an idea. Wikipedia The process that Primark go through to complete its operation is: Advertising and selling ? Primark has no advertising cost. They don?t waste any money on advertising as they depend on word-of-mouth of their customers. Primark also sells their products in bulk, so that they are able to sell their products at a low price to their customers. ...read more.

Middle

A couple years ago Primark used to sell sandblast denim, to their customer, but after becoming exposed, they have become more ethical over the years. They have stopped selling sandblast jeans as it risks their workers? health. Primark are now looking for alternative techniques that are safe and viable. Raw material ? Primark products are mainly sourced in China, India, Turkey and Bangladesh. Primark import their cotton from Himalayas Mountains Nepal. There is no evidence that Primark has any contribution to deforesting. Manufacturing - Primark are committed to reducing carbon dioxide emissions from our stores. They have been working with the Carbon Trust to develop their Carbon Policy which is displayed in all their stores. In the year 2008 Primark Carbon footprint was measured 27,000 tonnes. Primark has created a long-term programme to create sustainable improvements in labour standards with their suppliers in China, India and Bangladesh. They are working with global and local partners to help increase the wages as well as the improving production management system. Primark has estimated that within a year, as part of their recycling strategy they will save 238,000 trees. They also plan to reduce road use by 160,525 miles, saved 27,869 gallons of fuel and cut 21,576 lorry trips to our stores. ...read more.

Conclusion

* Trade unions Primark has used many different methods to engage with their trade union groups. They have set off by listening to the different opinions of their worker and try to find solutions to overcome the problems. By performing ethically it will have a positive impact on their trade unions as they will be listened to and treated fairly. As Primark is a part of the ETI and international labour organisation they are encouraged to improve labour practises. As a stakeholder of Primark the trade union would want a fair understanding within decision-marking about wages, pay rise but also right to fair working hours and holidays. These are problems that the trade union would like Primark to have a helping hand with. * Suppliers While Primark is performing more ethical, it might be as benefit to their suppliers if they don?t have the same values and ethics as Primark. This could mean they night lose Primark as a customers. On the other had Primark has a code of conducts which all of their supplier and factories must follow as a part of their way of becoming more ethical. If their code of conduct is not followed the Primark, will break of the contract and again lose Primark as a customers. Supplier would like a long-term contract with Primark with fair terms and conditions especially if they are dealing with supplier that has ethical morals. ...read more.

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