Company: Bank of America co. LO4 In what ways, if any, is your company exercisin
ID: 356825 • Letter: C
Question
Company: Bank of America co.
LO4
In what ways, if any, is your company exercising corporate social responsibility? What are the elements of your company’s CSR strategy? What changes to this strategy would you suggest?
LO3, LO4
If some shareholders complained that you and your co-managers have been spending too little or too much on corporate social responsibility, what would you tell them?
LO4
Is your company striving to conduct its business in an environmentally sustainable manner? What could specific additional actions your company take that would make an even greater contribution to environmental sustainability?
LO4
In what ways is your company’s environmental sustainability strategy in the best long-term interest of shareholders? Does it contribute to your company’s competitive advantage or profitability?
LO4
In what ways, if any, is your company exercising corporate social responsibility? What are the elements of your company’s CSR strategy? What changes to this strategy would you suggest?
LO3, LO4
If some shareholders complained that you and your co-managers have been spending too little or too much on corporate social responsibility, what would you tell them?
LO4
Is your company striving to conduct its business in an environmentally sustainable manner? What could specific additional actions your company take that would make an even greater contribution to environmental sustainability?
LO4
In what ways is your company’s environmental sustainability strategy in the best long-term interest of shareholders? Does it contribute to your company’s competitive advantage or profitability?
Explanation / Answer
Ans:- Bank of America is excercising CSR activity through taking initiatives in protecting environment. The catalytic finance initiative by the company is an example to promote investment in low-carbon economies. The company has also taken an initiative to increase financial literacy, to enchance the quality of life by providing hunger relief and workforce training.
The company is spending adequetely on CSR activities and catering to different segments of society. The commitment of Bank of America to serve the lower strata of society and environment protection is commendable.
The company is working in a environmentally sustainable manner. The comany has been pioneer in launch of green bonds and partnered with other financial institutions to enhance the same.
The shareholders are customers and employees of the company. The company's environmental sustainability strategy is focused on promoting the clean energy and keeping the earth pollution free. These values touch the lives of people and customers also relate with the company in a greater way hence leading to competitive advantage.
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