Chronicle
  • Home
  • Categories
    • NOVO
    • Safety
    • Industry
    • Case Studies
    • General
      • Services
      • Products
      • Marketing
      • Careers
    • Community
    • Kennametal in the News
  • Archives
    • 2014
    • 2013
    • 2012
  • Subscribe Now
Ethics 0

ETHICS — Corporate Citizenship and Responsibility

September 30, 2014 / By Seth Rice

The New Corporate Citizen

What it means to be a “good corporate citizen” has changed significantly over the past few decades. Corporate citizenship used to involve giving to local charities and volunteering in local communities. Both are still very important, but the meaning is much broader.

As more consumers place value in supporting businesses that don’t simply do well, but ‘do good’, ethical business practices, philanthropy, diversity, volunteerism and environmental impact all have become fundamental pieces to the success of a company’s business plan. But for it to be effective, corporate citizenship and responsibility must become an integral part of a company’s core values—ingrained into the Company Culture.

Facets of Corporate Citizenship

According to Ethisphere Institute, the company that bestows honors to the World’s Most Ethical Companies, the most important aspects of good corporate citizenship and responsibility are:

  • Environmental stewardship
  • Community involvement
  • Corporate philanthropy
  • Workplace impact and well-being
  • Supply chain engagement and oversight
  • Quality and effectiveness of initiatives
  • Accountability and transparency
How to Be a Corporate Citizen Leader

Research conducted by the Boston College Center for Corporate Citizenship named key responsibilities of a successful corporate citizenship leader:

  1. Become an expert on social issues and expectations of external stakeholders
  2. Build strong, trusting relationship with external stakeholders (community groups, non-governmental organizations)
  3. Identify business risks and opportunities based on expectations
  4. Design and implement corporate citizenship strategies
  5. Build consensus among senior leadership to adopt new policies and programs
  6. Construct trusting internal relationships and become expert on decisions regarding social and environmental issues
  7. Embed corporate citizenship practices into all operations across organization
  8. Measure and communicate initiatives related to corporate citizenship goals and performance

Delivering Our Promise

At Kennametal, corporate citizenship is at the core of our company values and culture. Exceeding our environmental and social responsibilities is a huge priority at every level of our organization, and in everything that we do.

We do whatever we can to deliver our promise and commitment to the community — from our Protecting Our Planet initiative that encourages the reduction of our own environmental footprint, to the Kennametal Foundation that provides grants and supports volunteerism in community-related issues.

Read more from The Chronicle — ETHICS Series: The World’s Most Ethical Companies, The Culture of Ethics, and Breaking Down the Basics. Stay tuned for more posts about what factors are considered when measuring the ethics of a company.

 


You Might Also Like

  • Kennametal Opt-In GDPR Ethics

    Not Receiving Messages from Kennametal Like You Used To?

  • SuccessSteps_SM Ethics

    How To: Move Your Ethics & Compliance Program to the Next Level

  • DataTablet_sm Ethics

    Using Analytics to Grow Your Ethics and Compliance Program

No Comments

Leave a reply Cancel reply



stay up-to-date

  • RSS - Posts

Categories

  • Careers
  • Case Studies
  • Community
  • Ethics
  • General
  • Industry
  • Kennametal in the News
  • Marketing
  • NOVO
  • Products
  • Safety
  • Services
  • Video

Archives

  • 2019
  • 2018
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010

Instagram

  • We knew it was coming! Congrats Kyle Larson Racing for notching his first NASCAR Sprint Cup win. #ProudPartner
  • Happy Friday! Our last day in Fuerth has come to an end.  Here is a photo of the lobby on our way out. See you next week when we'll be visiting a few American plants.

Follow Us

The Latest from Kennametal

April 7, 2014
Kennametal CEO Addresses Misconceptions About Manufacturing Read More

March 20, 2014
Kennametal Named Among The World’s Most Ethical Companies for Third Consecutive Year Read More

February 6, 2014
Kennametal to Receive Carnegie Science Honor For NOVO™ Read More

Recent Tweets

Tweets by @kennametal

Authors

Seth Rice

Jennifer Altimore

Carsten Grommel

© 2014 Kennametal Inc. | www.kennametal.com