Pressure is on companies to determine a survival roadmap during the COVID crisis while mounting consumer expectation to be transparent is facing them head on. The menu of corporate responsibility spans from sustainability practices to social equality and diversity. Let’s take a quick look at how some companies are making an impact.
Corporate Social Responsibility (CSR) is a priority at one of Americas favorite retailers. Through open dialogue with consumers, Target is making efforts tp learn from others and promote social justice and advance racial equality in Minneapolis-St. Paul, the companies hometown. They are also doing their part to offer support to workers and the community where they need it most. Hardships come in many forms and Target is there to support their tribe in hard times from COVID to natural disasters and beyond.
Interesting collaborations on the horizon between Walmart and Shopify. This promising coopetition lifts up small and medium retailers by positioning then on their digital marketplace. Walmart has also announced their progressive omnichannel community inviting small businesses and entrepreneurs from the USA offering an opportunity to join this new network. Virtual events are being offered to help emerging companies weather the storm and navigate the changing business landscape brought on by COVID.
Here is a company that is thinking out of the box. Like many, they prohibit abuse to their workers through their global supplier code of conduct. However, is very hard to know what is truly happening inside factories around the world. Cosco has taken the next step by offering a global confidential ethics hotline for suppliers to call in. This gives a direct lifeline to people around the world.
Gotta love a grocer who is working towards a Zero Hunger Zero Waste mission. Check out their 2020 environmental. social and governance report. On their radar is climate impact, community engagement, a $3.4 billion infusion into minority and women-owned business in 2019 and commitment towards sustainable packaging with Closed Loop Partners’ Beyond the Bag Initiative.