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In the 21st century, people are well acquainted with global warming due to the various initiatives by international and national NGOs and organisations. Therefore, the company’s corporate social responsibility CSR is in the limelight. CSR is now the most discussed topic nowadays. ‘Assignment Help Sydney‘, this article talks about the role of CSR and its impact on the company’s profit. It would help students understand CSR’s aspect, which will help them write an insightful report assignment.
What is Climate Change?
When the temperature and weather patterns shift long-term, it refers to climate change. The shift can happen naturally due to the change in the solar cycles, but since the 1800 century, this shift has been happening due to human’s activities. Humans see their personal materialistic growth and do not give importance to the consequences of their actions on the atmosphere. Extensive use of vehicles, home appliances, and many more things, which produce toxic elements for the environment, is causing climate change. The companies that produce the products do not give much attention to climate change—the ‘assignment help Sydney gives more exposure to this topic while assisting in accomplishing the assessment task.
What is CSR?
Corporate social responsibility CSR is a part of companies that also contribute to the welfare of society. CSR means companies take societal responsibilities, which encompasses taking care of the environment, stakeholders of the companies, consumers, and all those things which are part of the company. That means the company takes care of all those activities, adversely affecting the surroundings. Along with making profits, the company also practises philanthropic activities.
What is the Profit of a Company?
The company’s total cost subtracted from the total generated revenue is considered the company’s profit. If an unplanned intervention gets introduced and costs money, it can affect the profits.
As we see, there are three critical terms in the given assignment question. Therefore, let the readers know about these terms first. A basic understanding of the critical topics helps readers track the information structured. The best practice for writing an excellent assignment is to be more comprehensive by giving it a multidimensional touch. That means that the reader is reading your work without prior knowledge of the related field or topics. After giving the basic information about the given topic, now it is time to expand and relate these key terms to address the demand of the assignment. As in this assignment, we need to tell the impact of CSR on the company’s profit.
Relation of CSR and Company’s Profit: There are various opinions on the impact of CSR on business profit.
Now students should address both aspects of CSR. Here we can talk about the positive and negative perspectives. Start from the positive.
To address the issue of the environment, the CSR department takes the initiative to ensure healthy practices while taking any step within the company. If we take the case study of the H&M fashion industry, then its CSR claims that it gives all the information about the raw materials to the concerned department at the final stage of production. If anything can harm the atmosphere, get modified or substituted. In the same way, taking care of the workplace by ensuring a good work culture is also part of CSR. It saves the essential human rights attributes. If a company is making extra effort to ensure these all measurements, it is evident that it would cost extra hence the company can get less profit as the cost money is being increase.
The above perception is correct, but profit does not become less because the company makes an impression on the consumer. That it is taking care of all ethical issues properly, and this impression increases the credibility of the company, and people tend to buy more from that company due to the trust build-up.
Now, see the negative perspectives with assignment help Sydney experts – A big company with a good branding reputation can attract more consumers in various ways as their name is enough to attract the consumers, but in the case of small companies, they bear the loss or get less profit if they run their CSR correctly. CSR becomes an extra burden for them; hence, they usually want to compromise with CSR norms. However, nowadays, it is a moral and social obligation for all companies to make the department of CSR.
The above paragraphs show how to write an assignment that gives consolidated information. Students know everything about the topic, but they face difficulties when it comes to framing those learning in a single work. It would be best to get ‘ Assignment Expert Australia‘ to write an assignment that produces insightful content. The Online Assignment Expert gives a robust idea for making your write-up look like a scholarly article. Not to take a chance on your HD score, utilise these services across Australia. And make your assignment able to score better than before.
