McDonald's-Business Ethics
McDonald 's Corporation has a clear code of ethics that governs its businesses . They are committed to it fully and have staff that follow up on its implementation and conformance . This code of ethics spells out many issues that the respective restaurant heads are audited against periodically by the internal and external mechanism . The code is a promise to abide by the standards of business conduct . They also promise to uphold integrity and and keep off potential conflicts that may be either private of public in nature . The McDonald 's code of ethics also pledges to resolve any private or public conflict that may take the position of economic , political , social , financial and environmental stance (McDonald 's Corporation , 2006 , Online
McDonalds will also be transparent on the course of action that they use to resolve such conflict . In this case , they will be seeking to foster good relationship with all the stake holders . On the economic gains , McDonalds have the ethical responsibility of declaring the returns to the shareholders in accuracy , punctual , transparent and required depth . The promise to uphold the US and non US businesses regulations . The promise to act without malice , with reasonable care and with transparent facts that will not be affected by any second or third party pressure . The corporation cherishes business independence that they would like to demonstrate to any independent second party auditors (McDonald 's Corporation , 2006 , Online
McDonalds promises to make the right decisions and interpretations that are devoid of subordination . The code of ethics also binds the employees to maintain vital corporation confidentiality unless duly authorized . They have a promise that all employees will have good flow of communication . The will be regularly updating the shareholders of any financial matter that impact on the business . They encourage the employees to work ethically and be accountable at all times in terms of assets and resources management (McDonald 's Corporation , 2006 , Online The Case Study : Rewrapping the Big Mac
McDonalds was prompted to make the abrupt decision of switching from the clamshell polystyrene hamburger boxes wrap to wrap due to environmental concerns . There were consumer concerns that the polystyrene wraps were polluting the environment even if the company had been able to recycle them in the past . They were now holding the opinion that the wrap were more environmentally sound.
McDonalds will also be transparent on the course of action that they use to resolve such conflict . In this case , they will be seeking to foster good relationship with all the stake holders . On the economic gains , McDonalds have the ethical responsibility of declaring the returns to the shareholders in accuracy , punctual , transparent and required depth . The promise to uphold the US and non US businesses regulations . The promise to act without malice , with reasonable care and with transparent facts that will not be affected by any second or third party pressure . The corporation cherishes business independence that they would like to demonstrate to any independent second party auditors (McDonald 's Corporation , 2006 , Online
McDonalds promises to make the right decisions and interpretations that are devoid of subordination . The code of ethics also binds the employees to maintain vital corporation confidentiality unless duly authorized . They have a promise that all employees will have good flow of communication . The will be regularly updating the shareholders of any financial matter that impact on the business . They encourage the employees to work ethically and be accountable at all times in terms of assets and resources management (McDonald 's Corporation , 2006 , Online The Case Study : Rewrapping the Big Mac
McDonalds was prompted to make the abrupt decision of switching from the clamshell polystyrene hamburger boxes wrap to wrap due to environmental concerns . There were consumer concerns that the polystyrene wraps were polluting the environment even if the company had been able to recycle them in the past . They were now holding the opinion that the wrap were more environmentally sound.
Social Responsibility
"McDonald's All-Digital Corporate Responsibility Report - Metrics and Milestones Include Environment,
Sustainable Food and Community Outreach"
McDonald's Corp. today releases its fourth Corporate Responsibility Report, themed "Responsible food for a sustainable future." The highly interactive, all-digital report, unveils McDonald's progress in six key areas: governance and ethics, environmental responsibility, nutrition and well-being, sustainable supply chain, employment experience and community.
Highlights include:
"At McDonald's, continuously improving our social and environmental performance is a key component of our continued success as a company and central to our commitment to using our size and scope to make the world a better place," said McDonald's Chief Executive Officer Jim Skinner.
McDonald's web-based corporate responsibility report is a cutting-edge digital platform that includes rich and informative embedded video, and provides access to continuously updated CSR news items and the McDonald's CSR blog, Open for Discussion.
The report also includes significant milestones and metrics including:
"Credibility is only achieved if you get things done, demonstrate transparency, highlight challenges and opportunities, report on key performance indicators and critically assess your progress," said Bob Langert, McDonald's vice president of Corporate Social Responsibility. "We have attempted to meet all these expectations with this report."
McDonald's is the leading global foodservice retailer with more than 31,000 local restaurants in more than 100 countries. More than 75 % of McDonald's restaurants worldwide are owned and operated by franchisees and affiliates.
Sustainable Food and Community Outreach"
McDonald's Corp. today releases its fourth Corporate Responsibility Report, themed "Responsible food for a sustainable future." The highly interactive, all-digital report, unveils McDonald's progress in six key areas: governance and ethics, environmental responsibility, nutrition and well-being, sustainable supply chain, employment experience and community.
Highlights include:
- Environmental responsibility -- focus on energy efficiency, sustainable packaging, waste management and green restaurant design
- Environmental Scorecard for McDonald's suppliers to measure and reduce their water, energy, air and waste impact
- Sustainable fish supply -- in 2007, more than 91 percent of fish for McDonald's originated from sustainable fisheries
- Rainforest Protection Policy -- in place since 1989, commitment to refuse beef sourced from rainforest areas
- Evolution of nutrition information disclosure which began in 1973 -- completed rollout of Nutrition Information Initiative
- Workplace recognition -- recognized by the Great Place to Work Institute in over 30 countries where we operate
"At McDonald's, continuously improving our social and environmental performance is a key component of our continued success as a company and central to our commitment to using our size and scope to make the world a better place," said McDonald's Chief Executive Officer Jim Skinner.
McDonald's web-based corporate responsibility report is a cutting-edge digital platform that includes rich and informative embedded video, and provides access to continuously updated CSR news items and the McDonald's CSR blog, Open for Discussion.
The report also includes significant milestones and metrics including:
- Green building leadership -- green restaurants currently in Sweden and the U.S., and more under construction in France, Brazil, Costa Rica and Canada
- Impact on local economies due to investments in new and existing McDonald's restaurants -- $1.9 billion
- Percent of consumer packaging made from renewable materials -- 82 percent
- Energy management tools including energy audits, equipment fire-up schedules, and Energy Management Systems
"Credibility is only achieved if you get things done, demonstrate transparency, highlight challenges and opportunities, report on key performance indicators and critically assess your progress," said Bob Langert, McDonald's vice president of Corporate Social Responsibility. "We have attempted to meet all these expectations with this report."
McDonald's is the leading global foodservice retailer with more than 31,000 local restaurants in more than 100 countries. More than 75 % of McDonald's restaurants worldwide are owned and operated by franchisees and affiliates.