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Discuss social and environmental benefits

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Reference no: EM131398624

Scenario: A public company is changing its mission and business entity to be a for-profit Benefit Corporation that is required to show social and environmental benefits besides a profit. But so far, the company has not altered their actions and policies with regards to enormous environmental waste being generated.

Step 1: Read the scenario and choose one of these external stakeholders: Suppliers, customers, the community, competitors, society (the environment), banks and lending institutions, and the government.

Step 2: Compose a short memo (200 words) to the CEO regarding your chosen stakeholder's reaction to the changes and the ethical considerations. Remember the appropriate memo format. Share your memo with classmates as a posting.

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This is a Memo addressed to the company’s CEO regarding external stakeholders response to the company’s move.This paper is focused on a company that intents to change its mission as well as business entity to that of profit benefit corporation and is therefore required to show environmental as well as social benefits to its external stakeholders. This paper chose to focus on society (the environment) as the external stakeholder of choice from whom the company is likely to receive many reactions especially on the material waste that is emitted to the environment. It calls for proper policies to be implemented so as to conserve the environment while maximizing its profit as well. This paper has been prepared on Microsoft Words office document.

Reference no: EM131398624

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