Answer To: Trainer_BSBSUS501 Dev Wplace Policy&Pro for Sustainability.pdf BSB60215 | BSBSUS501 Develop...
Shalini answered on Jul 28 2021
BSBSUS501
Develop Workplace Policy and Procedures for Sustainability
BSB60215 Advanced Diploma of Business
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Assessment Task 1
Case Study: Tata Steel
1. Explain how Tata Steels approaches to CSR and its priorities that help the company make ethical and sustainable decisions?
What is Tata Steel Policy? TATA’s CSR Approach?
Tata steel being one of the biggest brand in its specified sector is very much focused and determined towards its policies and practices. The policy of Tata steel is to conduct the activities in relation to economic progress, social responsibility, and environmental concerns in an integrated way in order to be more sustainable and to meet the expectations of their stakeholders. Tata steel integrates several laws and regulations in its policies that encourage sustainable and ethical practices. The company approach to CSR specifies that the company prioritizes the benefits of the environment and the community along with its personal profits. The company has framed its priorities in inclusion with the CSR so that it could make ethical and sustainable decisions in the meanwhile. The five major priorities set up by the company are-
· Continue to achieve emission reduction.
· Invest in longer-term breakthrough technologies for producing low-carbon steels.
· Developing new products that would be generating lower CO2 emissions.
· Engaging the whole workforce in this challenge.
· And leading by example within the industry (Lenka, 2019).
All these priorities frame the CSR of the company and heads them towards making ethical and sustainable decision.
2. Based on this case, explain how sustainable practice can help a business to compete.
Explain on Tata Steel’s sustainability approach and how it helps business to compete in:
The sustainable practices help the subsequent company in many ways just like the case of Tata steel where the company inherited several benefits in this context.
· Be more efficient and competitive: the sustainable practices has helped the company in being more efficient and competitive as the company started channelizing fewer raw materials, less power and more recycling which help the company in enhancing the profits as well as gaining the confidence of stakeholders. Moreover the company also gain more recognition in comparison to competitors who failed to comply with all these (Gal, Akisik & Wooldridge, 2018).
· Improve customer sales and loyalty: the sustainable practices by the company enhances its reputation in the market which in turn leads to improve customer sales and loyalty.
· Grow supplier commitment: the involvement of the supplier and the several people related to the business increases seeking the effort and goodwill of the company in the market and as a matter of fact the supplier commitment strengthen.
· Strengthen community relations: when the company channelizes its effort towards the benefit of the industry the community also responds in the same way to the company by possessing the loyalty. As a result the strengthen community relations helps a business to enhance its profits as well as reputation.
· Contribute to environmental sustainability- the contribution to the environmental sustainability is the major reason behind all these, as in the case of Tata steel the company is contributing effortlessly to the environmental sustainability which is helping the company in inheriting a good market as well as the customer base.
3. Analyse why LCA is a more accurate type of analyse than just looking at the carbon footprint of the ‘use phase’ of a material?
Explain:
Life Cycle Analysis: the life cycle analysis analyses the exact and authentic impact of a product on environment over its complete cycle. It accumulates the impact of the product on the environment right from the manufacture to its usage and disposal.
Carbon Footprint Analysis: carbon footprint analysis is quite different from life cycle analysis it is also termed a greenhouse gas emission assessment. It evaluates the greenhouse gas emission caused by the manufacture of a product or any given activity that contributes to global warming.
Difference:
The major differences between both of them would be considered as the aspects they include.
Carbon Footprints Life Cycle Analysis
The major differences between both is focused upon the impact they channelizes during their study. As the carbon footprint is focused upon only one environmental impact category i.e. the greenhouse gas emission whereas the life cycle analysis takes into consideration more impacting categories including land use, water use and acidification.
Example: for instance the carbon footprint analysis is aimed at identifying possible ways to lessen GHG emission while life cycle analysis follows the step by step impact in the whole process.
4. Evaluate the contribution of TATA Steel to sustainable and ethical business practices?
Explain how TATA Steel contribute to sustainable and ethical business practices
The contribution of TATA steel to sustainable and ethical business practices could be considered commendable as the company thoroughly involves itself in all these practices. The company integrates understanding, excellence, unity and responsibility in its business practices which defines its action in context of the business practices. The company has contributed to sustainable and ethical business practices through focusing on emission reductions, investing on the technologies that would prominently help in producing low carbon steels, developing new products and services that would help in generating lower carbon dioxide emissions through life cycle (Das, 2019).
The company is also following all the steps through which it showcases the lead by examples scenarios. TATA steel opted for several initiatives and policies through which the whole environment along with the communities would be benefitted. The contribution of TATA steel in reducing emissions during the manufacturing of the steels and adopting several measures through which it could enhance these measures is a major way the company is contributing towards the environment. The company takes life cycle assessment approach to showcase the impact of the overall manufacturing process of the environment. All these help the company in establishing itself firmly in the market.
Reference
Das, S. (2019). Steel: A Sustainable Material of the Future. In Sustainable Material Forming and Joining (pp. 91-99). CRC Press.
Gal, G., Akisik, O., & Wooldridge, W. (Eds.). (2018). Sustainability and social responsibility: regulation and reporting. Springer Singapore.
Lenka, S. (2017). Corporate social responsibility initiatives: A study of tata steel.
BSBSUS501 – Develop Workplace Policy and Procedures for Sustainability
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Student ID Full Name
Assessment Task 2
Review and Analyse a Sustainability Policy
Purpose and scope
Purpose:
• Why this document has been developed?
The document has been developed to channelize the sustainability policy of the company. The document would focus on the initiatives and the efforts that the company would put for the community.
• Does it align with Vision and Mission of Company?
The sustainability policy of Fujitsu aligns with the vision and mission of the company as the company main vision and mission is make a positive impact society, incorporating making an impact towards the UN sustainable development goals.
• Does it reflect in their Culture?
The policies framed by the company is clearly reflected in the culture they practice at their organization.
Scope:
• What all areas would be covered?
The areas that would be certainly covered in the sustainability policy include the diversity within the workplace, value chain of the company, benefits of the customers, focusing on the community enhancement, diverse and inclusive organization. All these areas would be primarily focused by the company in their sustainability policy.
• Who all would it be applicable to?
It will be applicable to all the employees and the stakeholders related to the organization as they would be the one who would be following all these policies and turning out the mission and vision of the company into reality.
Key Stakeholders and their Role
Stakeholder
Contribution in the implementation of policy
Investors
The contribution of the investors in the implementation of policy is widely observed as they are the prime members who confirm whether the policy would be implemented or not and whether they would be investing in it or not.
Suppliers
With any of the new policy implementation policy suppliers are also the party that get affected so they would be contributing in the way through which the policies would be made preferable for the company as well as the community.
Employees
The role of the employees is preferentially important in the implementation of the policies as they are the one who would be following all the guidelines and would be working towards the achievement of the goals.
Government
In any of the policies formulated and implemented by the company the contribution of the government is considered important as the government is the major party that would be giving the...