Businesses in recent times have chosen a solution to createadvantages for themselves and achieve efficiency in every aspect, which is theimplementation of business ethics and social resp
FOREIGN TRADE UNIVERSITY SCHOOL OF ECONOMICS & INTERNATIONAL BUSINESS - - GROUP REPORT ANALYSIS OF THE CSR ACTIVITIES OF TH GROUP Class : Ethics and Corporate Social Responsibility Class ID : KDOE305(HK1-2324)1.1 Lecturer : PhD Nguyen Hong Hanh Group :4 Ha Noi, September 2023 GROUP MEMBERS No Full Name Student ID Âu Ngọc Linh 2014550554 Trần Yến Linh 2014550702 Diêu Hiểu Minh 2113550016 Triệu Lâm Như Thảo 2114510067 Nguyễn Thành Vinh 2112790987 Bùi Thị Hà Yên 2113550022 TABLE OF CONTENTS FOREWORD I THEORETICAL FRAMEWORK Business Model Canva (BMC) Sustainable Development Goals (SDGs) .4 Corporate Social Responsibility (CSR) II INTRODUCTION TO TH GROUP .7 Business Model Canvas of TH Group Sustainable Development Goals of TH Group III TH GROUP'S CSR IMPLEMENTATION IN SCHOOL NUTRITION PROGRAM 11 Case study introduction School nutrition program of TH group and For Vietnamese Stature Foundation 11 1.1 Introduction of For Vietnamese Stature Foundation 11 1.2 School Nutrition Program in Vietnam 11 Actual Implementation of School Nutrition Program 14 2.1 School Milk Program: 14 2.2 Love from Nutrition 16 2.3 Grow Up With You 17 Assessment of TH Groups CSR 18 3.1 Strengths: .18 3.2 Challenges 19 IV RECOMMENDATIONS 22 Train and raise awareness of human resources and coordinate with the government to propagate CSR activities 22 Implement sustainable development strategy based on business culture and CSR activities 23 Strengthen inspection and supervision of CSR implementation 25 CONCLUSION 27 REFERENCES 28 FOREWORD In the current context of global competition and integration, businesses, whether large or small, pay top priority and attention to creating and effectively developing their competitive advantages Businesses in recent times have chosen a solution to create advantages for themselves and achieve efficiency in every aspect, which is the implementation of business ethics and social responsibility of a business - Corporate Social Responsibility (CSR) Business ethics and corporate social responsibility in this day and age have become the basic business philosophy of businesses in most countries around the world, contributing to the sustainable development of businesses However, in Vietnam, this issue is still quite new and has not received enough attention from businesses From there, Vietnamese businesses must be more deeply aware of the benefits of implementing business ethics and social responsibility for businesses in the current context of our country Businesses implementing business ethics and social responsibility contribute to improving profits for businesses and are also an advertising measure for the business's brand That creates long-term stability for the company's operations Aware of this problem, TH Group has focused on incorporating CSR into its business activities TH True Milk always understands that to be successful, the company cannot only aim at profit goals but also sustainable development goals, implementing business ethics and social responsibility through developing products that are useful to people community, creating a good working environment for employees, protecting the environment, developing the local economy, and helping the community This is one of the leading companies in Vietnam that focuses on implementing business ethics and social responsibility Therefore, the topic “Analysis of the CSR activities of TH Group” is chosen in order to examine the profound impact of TH Group's CSR activities I THEORETICAL FRAMEWORK Business Model Canva (BMC) A business model canvas is a visual representation of a business model, highlighting all key strategic factors In other words, it is a general, holistic and complete overview of the company’s workings, customers, revenue streams and more The business model canvas provides the central, common source of knowledge through which each department can add its unique input from its respective domains Alternatively, the business model canvas can be used by organizations to plan, assess or execute new models altogether In this way, the canvas highlights the key essentials and ensures that no vital factors are forgotten The Business Model Canvas comprises 09 fundamental components: - Customer Segments: Identification of distinct customer groups or market segments - Value Propositions: Definition of the unique value offered to each customer segment - Channels: Establishment of communication and interaction channels with customers - Customer Relationships: Specification of the type of customer relationships to be cultivated - Revenue Streams: Identification of sources of revenue and pricing strategies - Key Resources: Enumeration of essential assets and resources for value delivery - Key Activities: Listing of core functions and operations crucial to value creation - Key Partnerships: Recognition of strategic alliances or external relationships critical to success - Cost Structure: Documentation of all expenses associated with business operations Sustainable Development Goals (SDGs) The Sustainable Development Goals (SDGs), also known as the Global Goals, were adopted by the United Nations in 2015 as a universal call to action to end poverty, protect the planet, and ensure that by 2030 all people enjoy peace and prosperity The Sustainable Development Goals (SDGs) or Global Goals are a collection of seventeen interlinked objectives designed to serve as a "shared blueprint for peace and prosperity for people and the planet, now and into the future." The SDGs are: - No Poverty: End poverty in all its forms everywhere Zero Hunger: End hunger, achieve food security and improved nutrition and promote sustainable agriculture - Good Health and Well-being: Ensure healthy lives and promote well-being for all at all ages - Quality Education: Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all - Gender Equality: Achieve gender equality and empower all women and girls - Clean Water and Sanitation: Ensure availability and sustainable management of water and sanitation for all - Affordable and Clean Energy: Ensure access to affordable, reliable, sustainable and modern energy for all - Decent Work and Economic Growth: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all - Industry, Innovation and Infrastructure: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation - Reduced Inequalities: Reduce inequality within and among countries Document continues below Discover more from: International Business… KDOE303 Trường Đại học… 23 documents Go to course 56 13 101 pepsico forecast for 2024 International Business… Topic collision of oil mnc International Business… None YOUNGSTERS’ RESPONSIBILITY… International Business… None Các yếu tố ảnh hưởng đến hành vi… International Business… PDP template None None International Business… None Đại số tuyến tính - Sustainable Cities and Communities: Make cities and human settlements Thầy Đặng Lê Quan… inclusive, safe, resilient and sustainable - Responsible Consumption and 84 Production: consumption and production patterns - International Ensure sustainable None Business… Climate Action: Take urgent action to combat climate change and its impacts - Life below Water: Conserve and sustainably use the oceans, seas and marine resources for sustainable development - Life on Land: Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, halt and reverse land degradation, and halt biodiversity loss - Peace, Justice, and Strong Institutions: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels - Partnerships for The Goals: Strengthen the means of implementation and revitalize the global partnership for sustainable development Corporate Social Responsibility (CSR) Corporate social responsibility, according to experts from the World Bank, is understood as “the commitment of business to contribute to sustainable development working with employees, their families, local com- munities, and society at large to improve their quality of life that are both good for business and good for development” Businesses can exercise their social responsibility by achieving an international certification or applying codes of conduct Social responsibility is the obligation that a business must fulfill towards society Being socially responsible is about maximizing positive effects and minimizing negative consequences for society Many business leaders believe that the social responsibility of businesses is to participate in programs to help social subjects such as supporting disabled people, orphans, building houses of gratitude, and supporting social groups flood compatriots and natural disasters That's true but it's not enough, even though social activities are an important part of a company's responsibility More importantly, a business must be able to predict and measure the social and environmental impacts of its operations and develop policies that reduce negative impacts In the modern business context, corporate social responsibility encompasses every aspect of a company's operations Social responsibility includes four basic tasks: economic, legal, ethical and humanitarian II INTRODUCTION TO TH GROUP Business Model Canvas of TH Group Key Partners Local farmers for fresh milk source Suppliers for packaging materials, machinery, and logistics Retailers Key Activities Dairy farming and milk production Research and development Sustainability initiatives Marketing and brand promotion Key Resources Dairy farms and production facilities Skilled workforce Supply chain and logistics infrastructure Brand reputation and customer trust Value Propositions High-quality dairy products with a focus on freshness and purity Sustainable and eco-friendly production methods Community engagement by supporting local communities through CSR initiatives Health and nutrition benefits Cost Structure Operational costs related to farming, production, and distribution Research and development expenses Marketing and advertising expenses CSR expenses Customer Relationships Customer support for inquiries and complaints Marketing and brand loyalty programs Channels Retail distribution through supermarkets, convenience stores, and e-commerce Direct sales through TH True Mart B2B partnerships with food service providers Revenue Streams Customer Segments Dairy consumers in domestic and international markets B2B customers (restaurants, cafes, and retailers) Sales of dairy products (milk, yogurt, cheese, etc.) Revenue from collaborations and partnerships Sustainable Development Goals of TH Group The guiding principle of "Cherish Mother Nature" forms the cornerstone of TH Group's mission It provides a deep insight into the company's unwavering