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Thematic Report for August - Social Contribution Activities of Corporations

by Sangwook Ahn | 10-08-2022 19:11


Social Contribution Activities of Disney


By. Sangwook Alex Ahn


These days businesses and companies cannot keep up their reputation without putting emphasis on social responsibility. Businesses may have a large impact on society in numerous ways. Its efforts to make good contributions can make a change.

 

Companies with the best corporate social responsibility reputation (CSR) could be perceived in numerous dimensions such as

-       Product governance practices

-       Workplace practices

-       Social responsibility

-       Leadership

 

Studies show that people are increasingly concerned about sustainability. One of my favorite companies, the Walt Disney Company, is committed to protecting the planet for future generations. The company¡¯s commitment to environmental stewardship dates to its founding nearly 100 years ago. 2030 Environmental goals focus on reducing greenhouse gas emissions, reducing waste, building more sustainability, and reducing the environmental impact of their consumer products. The company announced that it is teaming up with local utility providers to build two new solar facilities expected to come near Walt Disney World in 2023. That, along with existing solar resources, will power up to 40% of the resort's annual electricity needs. Disney also installed solar arrays at Castaway Cay and Hong Kong Disneyland. In addition, the company diverted 60% of operational waste from landfill, then launched plastic-free packaging for a line of classic Princess Dolls. Moreover, the company invested millions to support nonprofit organizations working across 30 countries through the Disney Conservation Fund.

 

The company continues to promote diversity, equity, and inclusion in its workplace and beyond. They are implementing new content inclusion standards, launching a new talent acquisition initiative at historically black colleges and universities, and directing $15 million of annual charitable giving to programs serving underrepresented communities.

 

The company supports children's hospitals and wish-granting organizations through the contributions of thousands of Disney volunteers around the world. The company supported local food banks worldwide through monetary and in-kind giving, including donating more than 320 tons of food to support communities impacted by COVID-19.


The company launched its new social responsibility website at impact.disney.com. Check out their updates on their environmental social and governance work throughout the year.