HRHR: The Coca-Cola FEMSA
Select a specific business; it can be one you work for or, one you would like to work for in the future. Make sure the company you select meets the following criteria: It must have a written code of ethics and operate at the benevolent level of CSR (corporate social responsibility).
Search online for the company’s website, and review its code of ethics and its report on its corporate social responsibility programs; be sure to identify any of its sustainability practices—this may be a separate link.
Write a report on your chosen company’s code of ethics and CSR. In your report, address whether you believe that leaders of organizations have a duty to all stakeholders or just to stockholders. Present a business argument either for or against corporate social responsibility.
Be sure to include an introduction. Your report must be at least two pages in length, not counting the title or reference pages. Adhere to APA style when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed.
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Company's Report
The Coca-Cola FEMSA is the largest licensed branch of the Coca-Cola company and is based in Mexico. The company specializes in supplying a wide range of beverages, mainly in Mexico and Latin America. Some of the drinks that the company supplies are carbonated soft drinks, juices, fruit drinks, energy drinks, flavored water, tea, and coffee drinks (Coca-Cola FEMSA, 2019). The company is owned by FEMSA 48%, the Coca-Cola company 28%, and shares by the public account for the remaining 24%. According to Carbajal, the company's executive chairman, its culture is built on the pillars of its code of ethics and the company's corporate social responsibility (Coca-Cola FEMSA, 2020). The company displays a robust and positive culture in all its operations and dealings.
The company has a code of ethics that should be adhered to by all the employees and the board of directors alike. The code of ethics requires employees and the board to hold the company's interest above their own, exhibit integrity and respect, a humble and serving attitude, a sense of responsibility, and a passion for learning (Coca-Cola FEMSA, 2020). The company's principles show respect for human dignity and acknowledge diversity. Everyone working in the company is entitled to freedom of privacy and equality without discrimination or intimidation. All employees are respected, and forced labor and child labor are discouraged. The culture and the environment under which employees work ensures their safety and wellbeing.
The company's code of ethics also guides the company on how to interact with the planet well. Strategies are inaugurated to ensure that the social impact of the company on the community is positive. The company also participates actively in public affairs to promote human a...