Homework: Team Project Written Report
Introduction
As a team, you will work on a Model Sustainable Business Case Study. This involves evaluating a company from the list below in terms of their sustainability strategy and offer recommendations on how they can become even more sustainable. You may also make a proposal to research a different company, as long as there is sufficient information to accomplish the project.
This homework is intended (i) to help you grasp, with a real-life example, how businesses are performing in relation to various stakeholders, beyond the important financial bottom line, and (ii) to provide an opportunity for you to sharpen and enhance your critical thinking and problem-solving skills.
Instructions
Step A: Selection of a company
Choose one of the companies listed below or make a case for another company and communicate that to the instructor by the end of class
8. This step is to endure that each team research a different company.
List of suggested companies:
i. 3M
ii. Accenture
iii. Citi
iv. Estee Lauder
v. Etsy
vi. General Mills
vii. GM
viii. Intel
ix. Microsoft
x. Nike
xi. Patagonia
xii. Target
Step B: Written Report
The written report must include the following:
I. Basic Information on the firm:
i. Fortune rank, type of industry and its Global Standard Industrial Classification (GSIC), CEO, number of employees, headquarters location, and number of offices globally. Discuss the extent of their operations.
ii. Reported sales and company performance over the last fiscal year, including data from Standard & Poor's and one other source.
iii. Organization and structure of the governance system (Board and committees)
iv. Identify key stakeholders in terms of risk management.
v. Any other information you deem important to understand the firm
II. Evaluation of the firm as a sustainable company (updated on October 18, 2021)
i. Describe the ESG factors and goals ("program") that the company is using and why they are material to your company's success? In other words, describe how the company set these goals and their rationale or explanation for selecting these ESG factors in their "materiality analysis".
ii. Describe how the company is engaging with and interacting/collaborating with its stakeholders. Identify and describe any specific stakeholder's input to the company regarding their ESG program and practice.
iii. Describe any tensions that have arisen between or among different stakeholders and how are they addressing them?
iv. Describe how each ESG factor is expected to benefit their primary stakeholders (customers, employees, suppliers and community). Give one example for each primary stakeholder.
v. What operational changes are they making to execute on these ESG goals? (per the HBS article, companies engage in three different stages: risk management and compliance, improving efficiency, and innovation for growth)
vi. Compare and contrast its sustainability efforts using at least two rating sources, including one non-profit or NGO source and how they compare with other companies in their same sector. Explain why you selected the two indices for your due diligence on the company's CSR practices. Describe each index, citing the credibility and limitations of each. (Note: These two rating sources are not considered part of the five scholarly sources that are required for this homework.)
vii. Describe their performance trends that have resulted from their ESG program. More specifically, identify how each ESG factor is measured and monitored and what data sources they have used. In addition, what progress has been achieved for each ESG factor. Identify any legal requirements or best practices that the company has adopted to implement any of their ESG goals.
viii. Describe any obstacles, barriers or challenges the company is experiencing in pursuit of their ESG goals and steps they have taken to resolve those problems.
ix. Describe your overall conclusions about the potential of their ESG program to create significant environmental, governance or social benefits.
III. Recommendations for improvement and how to strengthen their CSR/ESG performance and increase their appeal to stakeholders
i. Develop recommendation for management as to what actions it should take and why.
Resources
HBR article "Social Impact Efforts That Create Real Value"
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.