Going Green with Tesla, The Innovation - Every Roof Can Be Beautiful and also Powerful

 Going Green? 

It does not mean companies should just redesign their trademarks or paint their offices and buildings green. Going green is a popular English phrase often used to describe a process that consumes less energy, less carbon emission or, less waste of materials. "Green" is the color of most trees and a common color of nature. "Going" means on the way to change, such as manufacturing methods, products, or lifestyles, in order to reduce waste and pollution. 

Going Green with Tesla

Tesla, also known as Tesla Motors, is the largest electric vehicle and solar panel company in the United States right now in 2021. It also mass produces batteries for its electric vehicles. Not only in the electric vehicles business, Tesla also provides its new generation of electricity systems such as Powerwall, Solar Roof, Megapack, and Powerpack. 

The Innovation - Every Roof Can Be Beautiful and also Powerful

The whole new Tesla Solar Roof is a beautiful and useful product. It provides more people to install the Solar Roof and power their houses with a fully integrated solar and storage system. It is a seamless design and each tile looks great up-close and complementing the natural aesthetic styling of every customers' home. Moreover, the Solar Roof tiles are durable and engineered for all-weather protection. Tesla even provides a 25-year warranty for its Solar Roof tiles. That provides more people the incentive to join the green energy revolution. 

What Identifies Tesla as Being Green?

As mentioned earlier, Going green refers to a process that consumes less energy, less carbon emission or, less waste of materials. What Tesla is doing and its product lines such as the Solar Roof and its electric vehicles all focus on a zero-emission future. The Solar Roof is a responsible product and service rather than just massively produce electric vehicles and ignore the charging sources and electricity. Its CEO, Elon Musk is trying to systemically change how we move and transfer our energy consumption to clean and renewable.

How Does Tesla Communicate Its Green Efforts To The Public?

Persist to do the right thing is Tesla trying to tell us during the past 10 years. By working hard on things that can make the world a better place without being stopped by any gossip, Tesla has built its reputation and earned the trust of its customers. On Tesla's official website, there are impact reports for its stakeholders to read and understand what Tesla is doing.

What Are The Differences between Tesla and Its Similar Companies and Competitors in The Same Industry?

Well, that's an interesting question. Most of Tesla's similar companies and competitors are all in this industry for decades, but they just not put enough effort to develop their zero-emission products. Or, similar companies such as Nikola or Toyota, are going in different directions. They bet on hybrid cars and hydrogen vehicles. Therefore, give Tesla a great opportunity to quickly grow its market share. 

Reference

Solar roof. Tesla. (n.d.). Retrieved October 8, 2021, from https://www.tesla.com/solarroof. 

The Disappeared Power Adapters, sustainability, developing more sustainable business, and creating conditions for a new era of sustainability

 Among the topics of unit 5, sustainability, developing more sustainable business, and creating conditions for a new era of sustainability, some of this week's reading focuses on how can we even modify or shape the demand. But, why should we do that? Companies see the need and supply the products or services are is not enough? Why should companies communicate with their customers to build and develop more sustainable businesses? Or, creating conditions for a new era of sustainability? 

The Disappeared Power Adapters

Now, you probably noticed that Apple has no longer freely provide power adapters for its iPhone buyers. Apple said, "As part of our efforts to reach our environmental goals, iPhone 13 Pro and iPhone 13 Pro Max do not include a power adapter or EarPods. Included in the box is a USB‑C to Lightning Cable that supports fast charging and is compatible with USB‑C power adapters and computer ports." Apple encourages consumers to re‑use their current USB‑A to Lightning cables, power adapters, and headphones, which are compatible with these iPhone models. Why does Apple do that? Should Apple worry about the angry of its customers since they will think it is an extra cost? Clearly, it is not as easy as just take away the adapters and say NO. 

In 2021, Apple has just been fined two million dollars by Procon-SP, Brazil's consumer protection organization, for failure to comply with local laws since the release of the iPhone 12. Apple chose to make this sudden cut globally in a claim that withholding the adapters would save the Earth from 3 million metric tons of carbon emissions every year. Procon-SP also questioned Apple if it was indeed compensating with a lower unit price. The Procon-SP said, it is inconsistent to sell the device unaccompanied by the charger, without reviewing the value of the product, and without presenting a plan for collecting old devices, recycling. Apple claims that there are more than two billion adapters produced already and that most people have their own which they can use. 

However, the $2M penalty from Brazil doesn't only come for missing power adapters. Apple has been accused of false advertising because, since the 11 series, iPhone owners have been refused repair services for phones which seems to contradict their claim.

In conclusion, I think Apple should improve communications with its consumers and reshape consumer demand. Showing the carbon footprint, and explains the carbon footprint or environmental impact of Apple's operations does not mean consumers will understand and accept it. To earn the trust of consumers is not easy. I think Apple can provide some reciprocity projects or consistent reward programs to do it better. 

Reference

HT Tech, & HT Tech. (2021, March 21). Brazil regulator fines Apple nearly $2 million for not bundling charger with iPhone 12. HT Tech. Retrieved October 4, 2021, from https://tech.hindustantimes.com/tech/news/brazil-regulator-fines-apple-nearly-2-million-for-not-bundling-charger-with-iphone-12-71616299389169.html. 

The Sustainable Business and Socially Benefits

 Preface

Taiwan has relied on imports for 98% of its energy for decades and was highly dependent on fossil energy. Taiwan government has announced a goal to transfer at least 20% to renewable energy generation by 2025, expecting to achieve a safe and stable clean energy supply and demand system. In order to achieve this goal, the government decided to build offshore wind power as the major source and it is expected to provide 21.5 billion kWh per year. In addition to clean electricity, it can create a cumulative investment of approximately NT$1 trillion, around 20,000 jobs by 2025, and reduce carbon dioxide emission up to 11.92 million metric tons.

The Company

Ørsted A/S is the largest energy multinational company in Denmark. Its vision is to create a world that is completely operated by green energy. Ørsted A/S is committed to the development, construction, and operation of offshore wind power, land-based wind power, solar power plants, and provides clean energy products to customers. 

The Obstacles

Now, we have to take action to create a world that operates with green energy. It is an undebatable fact. Renewable energy is the key to a greener and cleaner future. Offshore wind power provides a more viable, efficient, and sustainable energy option to replace fossil fuels. We have to reduce the impact of climate change and offshore wind power can supply hundreds of millions of households in the future. However, there are several obstacles the company has to deal with.

i. COVID-19

The pandemic of COVID-19 has affected the supply chain of offshore wind power and slowed the development of offshore wind power resources. 2020 was expected to be a very critical year for Taiwan’s emerging offshore wind power industry. Many important offshore wind power developments will be complete this year. However, as COVID-19 was spreading, the supply chain and industrial production around the world were affected and the offshore wind power industry was no exception. 

ii. The Localization Policy

Taiwan's experience in offshore wind power is very limited and it almost entirely relies on foreign suppliers and workers. So, the offshore wind power professionals are largely from Europe. The government also intended to create new jobs while outsourcing the infrastructure. In addition, foster the local enterprises to join the industry to create a local supply chain.

iii. Shaping Consumer Attitudes in Taiwan

Why does Taiwan have the urgency to transfer the electricity system? Those infrastructures obviously cost a lot of money. Why the government must invest in this project? The taxpayers need an answer. 

The Sustainable Business and Socially Benefits

Although there are many obstacles, the company should try to find solutions and prepare a win-win strategy for both. For example, in the next seven years, it is expected that about 1,000 wind turbines will be built on the Taiwan Strait, which will drive investment of 962.5 billion NTD and over 18,000 new jobs. The annual power generation is 19.8 billion kWh, which supplies approximately 9% of Taiwan’s annual electricity consumption. It's also leading to the creation of an investment environment more favorable to sustainable business and generating new knowledge, skills, and mindsets for sustainable development.

Providing Incentives

Taiwanese government does not want to lose its control of the energy system since it is an extremely important infrastructure. Therefore, share the knowledge, skills, and the result with it and its people is an opportunity to earn trust. Start up a new company that registers in Taiwan and goes public can be helpful. Once the company is listed on TWSE(Taiwan Stock Exchange), many investors in Taiwan will be able to join the development and share the benefits.

Reference

關於離岸風電. Ørsted.tw - Love your home. (n.d.). Retrieved October 2, 2021, from https://orsted.tw/zh/about-offshore-wind. 

Redefining entrepreneur, and a new model for business: The social benefit enterprises

 This week, after I did some research and read the materials, I did redefining entrepreneur and unlocking more new models for business deep in my heart. For so many years, I have been wrong and trapping myself in a narrow concept of entrepreneur. Helping others does not mean you must sacrifice something. There are so many ways we can do both. We can use different solutions to solve the same math question. Although the answer is the same, the processes are different. That makes me think of an organization that also serves for social and public goals, Wikipedia. 

Wikipedia is a global multilingual encyclopedia collaborative writing project. The well-known feature of Wikipedia is that anyone can edit the content of Wikipedia at any time anywhere with an internet connection. It is also a web-native encyclopedia that is managed, edited, and its content is published and accessed entirely through Internet technology. Wikipedia was established in 2001 and is maintained and operated by the non-profit organization Wikimedia Foundation. The supporters believe that the good cooperation of mankind will improve the content of the encyclopedia. The group of Wikipedia management communities is composed of volunteers for management, control, and maintenance. They standardize, manage and review content quality, remove or block malicious users. 

Another example is a clothing recycle program. Uniqlo Co., Ltd.(株式会社ユニクロ) is a Japanese casual wear designer, manufacturer, and retailer. UNIQLO in Taiwan, promoted the "Clothes Recycling and Donation Charity Action" in 2014. With the love and sharing from the public, the recycled UNIQLO second-hand clothing will be donated to disadvantaged families, elders living alone, rural school children, and homeless people in Taiwan. This program aims to turn the discarded clothes into love. UNIQLO Taiwan encourages its customers to send UNIQLO clothing that is in good condition and no longer needed, donate to all stores in Taiwan for recycling. Together to send warmth to all corners of Taiwan.

Finally, a question I would like to ask. What would the world look like if there are no social enterprises like Wikipedia or others? What if all organizations and companies only care about maximizing profits? I think it would be absolutely a terrible thing. Now, I know why we need so many social enterprises. 

Reference

Wikimedia Foundation. (n.d.). Retrieved September 26, 2021, from https://wikimediafoundation.org/. 

Wikimedia Foundation. (2021, September 22). Uniqlo. Wikipedia. Retrieved September 26, 2021, from https://en.wikipedia.org/wiki/Uniqlo. 

Social business enterprises

 Preface

Most businesses provide products or services that are helpful to people. The free market economy is guided by a free price system, the mechanism of demand and supply. And, we often limit ourselves to a narrow definition of an entrepreneur, "a person who attempts to make a profit by starting a company and taking the risks." We only take the word "profit" because we love money and make it become the only reason why we are doing or start our businesses. And then, we do all our best to maximize it. However, social business enterprises are not the same. From the beginning, maximizing profits is the only thing it cares about. The Prisoner's Dilemma is also a great example here to illustrate the key point. If you only care about yourself, your options will be limited. But, if you can see a thing through a comprehensive view, as a chess player, you will not be limited within the view of each piece. Zoom in, you only see the roads and their names on the map, zoom out, you will see the whole map. 

What Is a Social Enterprise?

A social enterprise is a business that has specific social objectives that serve its primary purpose. Social enterprises seek to maximize profits while maximizing benefits to society, the environment, and are principally used to fund social programs. Social enterprises seek to balance activities that provide financial benefits with social goals, such as providing housing or food to poor families. Earning profits is not the primary motivation behind a social enterprise. Therefore, the revenues they generate are principally for the sustainability of the venture. 

What Are The Differences?

i. The Goals and Objectives

Social enterprises seek to balance activities that provide financial benefits with social goals rather than only maximizing profit by supplying products and services to satisfy demands. 

ii. Where The Profits Go

Social enterprises can also be profitable, but most of them go to reinvest profits into their social mission, rather than fund payouts to shareholders. As mentioned before, the revenues they generate are principally for the sustainability of the venture. By doing this, they can keep their steps on the way to achieve their goals.

iii. Their Employees

Most social enterprises seek to provide a reasonable living wage such as above the minimum wage. In addition, employees of social enterprises are priority given to those who are from at-risk sections of the community.

iv. The Purpose

Social entrepreneurs seek innovative ways to fulfill a business purpose and solve societal needs through their commercial activities. For example, a company that recently filed for IPO, Warby Parker is an American eyeglass retailer that donates a pair of glasses to someone in need for every pair sold. 

Reference

Barone, A. (2021, May 19). The aims of social enterprises. Investopedia. Retrieved September 24, 2021, from https://www.investopedia.com/terms/s/social-enterprise.asp. 

a social contract, historical influences on the continued redefinition of the social contract

 The major topics in this week are the concept of a social contract, historical influences on the continued redefinition of the social contract, and the elements of the future social contract. A social contract is an actual or hypothetical compact or agreement between the ruled and their rulers. It defining the rights and duties of each. For example, it is an agreement among individual people in a society or between the people and their government that outlines the rights and duties of each party. However, it wasn't always this way. 

Nowadays, the concept of a social contract has moved from the exceptional to the expected. Unlike the old days, only very few things and profits are regulated and included as a social contract. Before World War II, the Union Nations did not even exist. Not to mention today's human right related organizations around the world. But, it's never too late to do the right thing. Moves like a turtle do not mean you are absolutely going to lose. 

There is a question I was trying to figure out. Jeff Bezos once said, "Cleverness is a gift, Kindness is choice". Normally, people are free to choose they want to be good or bad and responsible for the consequences. But for companies, they are a group of people, and their consequences can be huge or even destroy the planet. For example, if you are a military contractor, you may have tons of weapons on hand. Many people contribute their cleverness to a company and share the consequences. However, their leaders, owners, or shareholders make the decisions of the whole group. So, what if cleverness is the gift of a group, but kindness is not their choice? What if their leaders choose to be bad citizens? A knife on hand does not mean you are a bad guy, you can be either a Masterchef or a murderer. But I think a social contract should avoid everyone making the latter choice.

While human rights and freedom are gaining value nowadays, does a social contract is limiting our choices and freedom? Let's go back to the basic concept of a social contract. It defining the rights and duties. Freedom is everyone's right, but violence is not. Because it violence the previous rule, "freedom is everyone's right". It is a complicated concept and the definition of freedom is also varies in different countries. Therefore, having a common goal is a great way to solve this kind of divergence. For example, the 17 UN Sustainable Development Goals or the 2030 zero-emission goal are both great ways to share and understand the concept of a social contract. 

Embedding Long-Term Wealth Creation in the Heart of Tesla

 Preface

The author of the article “Embedding Long-Term Wealth Creation in the Heart of the Enterprise” describes the notion of recognizing that long-term wealth creation lies in the heart of the enterprise. The public interest is served by creating long-term wealth, defined as a value that continues to yield societal benefit. In addition to wealth created by technological innovation and productivity applied to goods and services, long-term wealth implies a productive activity that at least preserves and potentially expands the stock of natural, human and social capital. A company’s well-being is inextricably linked to the well-being of the society in which it operates.

Creating Long-Term Wealth with Tesla

Tesla, Inc. is an American electric vehicle and clean energy company based in California, United States. Tesla designs and manufactures electric cars, battery energy storage from home to solar panels, solar roof tiles, and related products. Tesla strive to be the best on every metric relevant to our mission to accelerate the world’s transition to sustainable energy and each product they make must be continuously improved at each step of its lifecycle. From manufacturing to consumer use to recycling. Tesla aspires to do the right thing, and constantly looking for ways to do better. 

The Impact Report

According to Tesla's 2020 impact report, in 2020, Tesla customers helped accelerate the world's transition to sustainable energy by avoiding 5.0 million metric tons of CO2 emissions. Meanwhile, Tesla's team is designing and manufacturing a complete energy and transportation ecosystem that is fully vertically integrated. By creating affordable products that work together to amplify the impact, leading to the greatest environmental benefit possible. Tesla seeks to achieve the goal through software development and continued drive to develop advanced manufacturing capabilities. 

The Entire Lifetime

A vehicle’s environmental impact must include both its manufacturing and usage emissions. Since Tesla vehicles are powered entirely by electricity, their lifetime emissions are significantly lower. More than that, Tesla battery packs are designed to outlast the vehicle itself. Preparing for the future, the battery factories have already begun implementing an in-house, closed-loop recycling system that will ensure 100% of Tesla batteries received are recycled and up to 92% of their raw metals reused. 

The Public Health

Electric vehicles don’t just benefit the future of our planet, they also help address preventable deaths today. Air pollution in the form of carbon monoxide, NOx, and fine particulates from burning fossil fuels causes over eight million premature deaths every year. 

Put Sustainability at The Heart of Tesla

Sustainability drives people, the values, and the mission at Tesla. It also matters greatly to Tesla's stakeholder such as customers, employees and shareholders. To achieve a zero-emissions future, Tesla have implemented several programs and initiatives at its global manufacturing facilities and in the communities in which it operate.

Challenges in China

In China, much of the grid is powered by coal. So, Tesla is expecting the grid mix in China to improve dramatically over time as China remains a dominant deployer and manufacturer of renewable energy. However, in 2020, charging a Tesla Model 3 in any of its major markets is more environmentally friendly than burning gasoline. 

Challenges in Supply Chain

In alignment with the mission, Tesla believes in reducing emissions upstream of its factories, including the carbon footprint of its supply chains. Tesla localized the suppliers to reduce the distance of its parts need to travel before they are assembled into the vehicles, and reduces the emissions associated with transportation. In addition, supplier localization also supports the local community and its workforce and reduces the risk of a supply disruption due to geopolitical dynamics. 

Reference

2020 impact report. Tesla. (n.d.). Retrieved September 20, 2021, from https://www.tesla.com/impact-report/2020. 

In the article "Is it Time to Rewrite the Social Contract?", discussed the historical criticism of government involvement in business enterprise.

 Preface

In the article "Is it Time to Rewrite the Social Contract?", discussed the historical criticism of government involvement in business enterprise. As companies seek to offload all or most of these rising costs onto employees, they play a pivotal role in shaping the lives of people and the actions of government. To discuss what level of social responsibility we believe corporations should have, we must know how to measure it first or based on what criteria to measure private companies meet the expectations or not. If corporations are like the trees that live on the land we share, then they at least have to protect or keep their environment safe since it is where they get their nutrients, the stakeholders. That makes me think of the interesting prisoner's dilemma. The Prisoner's Dilemma is a standard example of a game analyzed in game theory that shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interests to do. 

The Prisoner's Dilemma

Assume that two individuals(Jerry and Tom) of a criminal organization are arrested and imprisoned. Each prisoner is in solitary confinement with no means of communicating with the other. The prosecutors lack sufficient evidence to convict the pair on the principal charge, but they have enough to convict both on a lesser charge. Therefore, if Jerry and Tom each betray the other, each of them serves two years in prison. If Jerry betrays Tom but Tom remains silent, Jerry will be set free and Tom will serve three years in prison. If Jerry remains silent but Tom betrays Jerry, Jerry will serve three years in prison, and Tom will be set free. If Jerry and Tom both remain silent, both of them will serve only one year in prison. As you can see, the best outcome for Jerry and Tom is they cooperate with each other, their stakeholders.

The Prisoner's Dilemma Is A Mirror

As we know that, usually, their selfishness will make them weaker and lead to the worst outcome for all of them. Nowadays, the broad spectrum of the public has moved from the exceptional to the expected. I believe the least level of social responsibility that corporations should have is they should not make any excessively selfish decisions to benefit themselves by hurting others, destroy our future, or anything like that. But, what decisions are selfish? It can be controversial. Moreover, as globalization has accelerated, an explosion of new organizations has evolved in response to urgent problems that globalization itself has caused, accelerated, or exposed.

Trust Must Be Earned

Trust is hard to build but easy to lose. And, no one is born to be fully trusted. So, trust must be earned. The key point here is to earn and retain. To earn the public's trust and retain it as the heart of an enterprise. I trust you can provide me great and responsible products, and you earn more from sales and reputation. It is a win-win strategy. 

Long-Term Wealth

The public interest is served by the creation of long-term wealth and it should be the value that continues to yield societal benefit, and trust is essential to do this. If the goal is long-term wealth, then it implies the productive activity that at least preserves and expands the stock of natural, human and social capital. 

Reference

Wikimedia Foundation. (2021, September 15). Prisoner's dilemma. Wikipedia. Retrieved September 16, 2021, from https://en.wikipedia.org/wiki/Prisoner%27s_dilemma. 

What is the responsibility of Western countries toward the economic development of developing countries?" I think it is relevant to CSR.

 This week, I read some articles about "What is the responsibility of Western countries toward the economic development of developing countries?" I think it is relevant to CSR. 

Most of the time, when we talk about globalization, it is all about economic growth, international trade, and information interchange. Many big multinational companies benefit from globalization. However, does it really benefits those developing countries where these companies are operating? In the beginning, most of them just tried to lower the cost of production by producing their products in those low-income and low-wage countries. 

After some negative effects on their brand, such as child labor and poor working conditions in Nike's foreign factories, they must change their strategies to redeem their brand image. They started to improve the working conditions and published detailed information about its supplier policies, audits, and remediation processes. But, do these processes enough to help and those developing countries? I think it is more likely to unequally distribute the benefits back to where they came from. Most companies are trying to benefit from those direct investments, not doing charity to take care of the local laborers. However, after some remediation processes such as CSR programs, the local laborers did get jobs, get paid more, and learned some new skills. 

One of the key factors is the crucial resources, techniques, technologies, and knowledge is controlled by these big companies and Western countries. Education is the key to better competitive advantages. If those developing countries can build their own excellent education systems, they may not be just developing countries anymore. However, most developing countries are dragging by their corrupt bureaucracy. High efficient governments can lead their residents to follow up the steps of a better future, whereas corrupt bureaucracy just makes things worse.

I think, in the past, there are no clear responsibilities for companies or Western countries to do anything for developing countries since it is an ethical issue and making money is all business owners care about the most. However, if enterprises do their businesses more kindly, honestly, with integrity, and effectively implement CSR programs, it is also a way to gain their profits by increasing sales and consumer loyalty. 

Reference

New Idea. (2019, December 11). Nike Sweatshops: The Truth About the Nike Factory Scandal. New Idea. https://www.newidea.com.au/nike-sweatshops-the-truth-about-the-nike-factory-scandal.

What is CSR and how does it positively impact the community or you?

What Is CSR?

Corporate Social Responsibility, or CSR, is a self-regulating standardized guideline for business operations that assists a company to be socially accountable to its stakeholders and the public. By practicing CSR, companies can be conscious of the impact they are having on many aspects such as economics, society, and the environment. That means a company is operating in ways that enhance positive impacts instead of negative ones. Corporate responsibility programs are also a great way to raise morale in the workplace because the activities can help companies to shape a stronger bond with employees. In addition, it boosts morale and builds stronger positive connections and relationships between employees and employers.

Example of CSR

Starbucks has long been known for its intensity of corporate social responsibility and commitment to sustainability and community welfare. According to Starbucks' 2020 Global Social Impact Report, it reaching 100% of ethically sourced coffee, creating a global network of farmers. Moreover, Starbucks' goals for 2021 are hiring 10,000 refugees, reducing the environmental impact of its cups, and planned to help the world navigate the coronavirus pandemic. 

Personal Experience of CSR

My father runs a pork meat processing company in Taiwan. He purchases pork from suppliers nearby and then processing pork in the factory. He did not think any of his products are socially irresponsible. He thinks he is just providing food for the people. However, it is not as simple as he thinks. When I told him we can do more than just feeding people, he did not believe me and thought I was crazy. 

Learned from Beyond Meat

Five years later, when I heard about the company, Beyond Meat, I was attracted by its mission. "By shifting from animal to plant-based meat, we can positively affect the planet, the environment, the climate, and even ourselves. After all, the positive choices we make every day – no matter how small – can have a great impact on our world." So, I tried to persuade my father to shift his products like that. And, it was not surprised. He denied my proposal. He was stuck in a traditional concept that businesses are all about profits. However, I think when the rivers are all dried up, and all the trees cut down, people will then realize that they will not be able to eat money. My concept was simple. I don't want to wait for the end, I want to do something for a better future, a sustainable one.

Inconvenient Truth

Beyond Meat believes that unlike ¼ lb U.S. beef counterparts, original Beyond Burgers can be made by generating 90% fewer Greenhouse Gas Emissions, according to the University Of Michigan, 2018, the Environmental Impact of the original Beyond Burger vs ¼ lb. U.S. beef. Life Cycle Analysis. So, I started to invest in this company and buying its shares. And, I also started to purchase its products.

Profit-Orient Business

After a couple of years, my father was influenced by the actions I took. He started a new plan to make and processing some plant-based meats. Then, he was shaken by the increasing demand for these new products. When the profits went up, he decided to put more effort into this program and ask me to provide more suggestions of how to do it. In this story, not only his company was increasing profits, but also it influenced the environment and society. In Taiwan, more and more people tend to buy plant-based products instead of animal ones. According to World Animal Protection, by Forbes, Dec. 2019 Report, plant-based burgers are saving approximately 250,000 animals per year. Although we may think that how animals live their life is not our business, we as humans still have empathy to feel the pain of other animals. An empathic society is a better place to live. Less violence and less abuse. In the workplace, I found that the employees tend to be more kind than they were before. 

Summary

Although it looks like just a profit-seeking decision, it did affect how we doing business and it also spreading all over the industry. If we consider CSR as a need, a need for a better world and a better future, then companies can also make profits by satisfying those needs. I think the CSR provides us a clear and formulated standard to follow rather than discuss and judge each step. If you set a goal for yourself, you are more likely to succeed by putting in more resources and focus on it.

Reference

Fernando, J. (2021, September 7). Corporate social RESPONSIBILITY (CSR). Investopedia. Retrieved September 10, 2021, from https://www.investopedia.com/terms/c/corp-social-responsibility.asp.