Walmart has made it known that it puts corporate social responsibility at the top of the companies’ priorities.
Kashara Jones-young
We are all faced with ethical dilemmas. I was faced with a rather saddened personal ethical dilemma recently. A friend had some checks written out to themselves that I found in my home after they had left. The checks were written to them by another person, however the signature looked like my friends handwriting. While ethical dilemmas are not difficult to me because the truth is always the rout I take. I was hesitant because the person was now living with the owner of the checks and I did not want to cause a disturbance, The checks were also quite old. In the end to ensure no future checks were written and the owner of the checks was aware of the nature of the person, I informed the person of what I found, and the owner was of course grateful. I believe in the case of my personal ethical dilemma, that the situation was handled well and ethically
Walmart has made it known that it puts corporate social responsibility at the top of the companies’ priorities. The company had made many strides in the area of corporate social responsibility by improving its areas within the corporation’s supply chain. Walmart invested $100 million to workers in retain, farming and to suppliers. The company believes that customer trust is important to future success. Walmart also changed many of its standards in sustainability and eliminating unethical labor practices. Companies have been outed for utilizing suppliers that hold no kind of ethical responsibility. I believe Walmart is taking great steps to keep its customer support.
The Consumer Financial Protection Bureau resulted from the Dodd-Frank Wall Street Reform and was created to centralize regulations for financial services and products. The Consumer Financial Protection Act of 2010 worked to give clarity to laws that governed financial transactions. These laws work to protect customer transactions. These laws work to protect customer transactions. The CFPA 2010 lists employee protection and states that no covered person, meaning employee, may not be discriminated against or terminated for discrimination. Many Acts, laws and regulations are created to ensure ethics are followed. These tools help hold businesses responsible and give employees the protection they need.
References
Department of Labor, 2021, Consumer Financial Protection Act of 2010 (CFPA). Retrieved from https://www.whistleblowers.gov/statutes/dfa_1057 (Links to an external site.)
Macri, K 2018, Walmart\’s improved social responsibility efforts begin with supply chain, retrieved from https://www.supplychaindive.com/news/walmart-corporate-social-responsibility-efforts/521961/
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