Topic > Essay on Globally Sustainable Organization - 1541

IntroductionA globally sustainable organization has the ability to meet the needs of the present without compromising the ability of future generations to meet their own needs. Organizations are increasingly interested in sustainability and corporate social responsibility. A sustainable organization always gives importance to economic, social and environmental benefits when doing business. Instead of seeking only economic profits and shareholder returns, global companies must pursue a balanced “triple bottom line,” consisting of economic, social and environmental performance, and meet the demands of all stakeholder groups. A stakeholder is someone who depends on or is influenced by formal (rules and regulations) and informal institutions' demand for better environmental and corporate social responsibility from businesses. As a result, sustainability has become a key focus for multinational enterprises as it has enabled companies to achieve better organizational performance. One of the functions of human resource management (HRM) is to assist in the creation and implementation of the sustainability strategy in various ways. Human Resources (HR) ensures that employees of a global company implement the strategy consistently across the world. Sustainable human resource management uses various methods and tools to create a global workforce that has confidence in the organization and its strategies towards global sustainability. They ensure that employees have sufficient skills and values ​​to implement sustainability initiatives and that they are adequately motivated to achieve the triple bottom line. There are various ways in which HR can impact corporate social responsibility and the triple bottom line. Some of these include adequate staffing strategies, training and development of sustainable practices and strategies, motivating employees, providing attractive salaries, conducting performance appraisals, maintaining a good workforce. Corporate social responsibility (CSR) is the consideration and response to issues that go beyond the narrow economic sphere. technical and legal requirements of the enterprise to obtain social benefits together with the traditional economic advantages sought by the enterprise. (Peng, 2012). According to the World Business Council for Sustainable Development (WBCSD, 1999), CSR is an organization's commitment to discretionary behavior that leads to economic development and contributes to the well-being of its employees, the local community and society at large. (Ilona, ​​Kazlauskaite, 2011). Corporate social responsibility (CSR) has become very important as it has become a strategic issue spanning various departments of a company. It also impacts the overall overall business process. Many organizations have revisited and redefined their core values ​​to add corporate social responsibility. The infographic below illustrates some of the key areas that HR can impact your organization's CSR efforts and triple bottom line. The y-axis of the graph represents the satisfaction of stakeholder needs and the x-axis represents the actions that human resources can contribute to and influence the success of a sustainable business. (Cohen, Taylor, Camen, 2015). Fig