Social responsibility in finance decision making Essay - 1

Social responsibility in finance decision make - Essay ExampleFurther, Monsanto CSR initiatives, the influence they have had on stakeholders and company image, with recommendations provided for improvement of CSR at Monsanto. Monsanto failed to meet CSR necessitate in two instances that bad affected the backing and formed the platform for more CSR initiatives that have allowed the business to receive global recognition, win back the confidence of the consumers, and achieve winner in environmental conservation.Monsanto is a leading seed company globally specializing in biotechnology and genetic manipulation of organisms for the development of cheaper and disgustful food and crops. Monsanto inserts genes to existing plant genes as a measure of augmenting disease resistance and yields. The effect is the takings of drought resistant, more productive, and disease resistant plants known as genetically modified organisms GMO. Monsanto has achieved global success in terms of the supply of Agent O, saccharin, vanilla flavouring, artificial sweeteners, petroleum, packaging Roundup herbicides, petroleum, and GMO seeds. Despite the success, Monsanto faced CSR issues that seriously affected the firm and realized the importance of CSR taking some(prenominal) initiatives in correcting the situation and making several gains in the end.Corporate social responsibility (CSR) at Monsanto was not at the forefront of the companys operations in the past, as is the case in recent years. For example, there are instances where Monsanto inflicted harm on a number of stakeholders for the sake of the firms lollys that was the main aim of the firm at the time. Monsanto was not very cognisant of the CSR it had on a number of stakeholders. Monsantos production of Agent orange in 1970s for the deforestation of Vietnamese jungles forms the case where the company neglected its CSR responsibilities in favour of profit making (Ferrel et al., 2013). Agent Orange, as it was later discovered, contained a carcinogenic