An Organization s Corporate Social Responsibility

An organization’s Corporate Social Responsibility (CSR) drives them to look out for the different interests of society. Most business corporations undertake responsibility for the impact of their organizational pursuits and various activities on their customers, employees, shareholders, communities and the environment. With the high volume of general competition between different companies and organizations in varied fields, CSR has become a morally imperative commitment, more than one enforced by the law. Most organizations in the modern world willingly try to improve the general well-being of not only their employees, but also their families and the society as a whole. Being morally ethical helps an organization to become a more†¦show more content†¦Due to the increase of public awareness in the recent years, a company needs to maintain its moral image. This has also led to the governments all over the world becoming more vigilant in their regulation of these organizations. Government restriction, taxes and environmentally sensitive areas are some of the biggest and most expensive hindrances faced by business organizations, costing them millions of dollars. For some cases, it becomes too expensive for companies to be ethical in tackling various obligations. This forces them to change their approach and look for alternative actions. The Five-year plan Wells Fargo is one of the leaders in the banking industry of the United States. As such, external social pressures to conduct business in a legal, moral and, ethical way, while helping the community around the organization is a major influence on the Code of Ethics and Business Conduct, as well as the Corporate Social Responsibility Report. In 2015, Wells Fargo unveiled their New Five-Year Corporate Social Responsibility Effort, which focuses on global economic, social, and environmental challenges over the next five years through their products and services, culture and operations, and philanthropy. As a part of this effort, Wells Fargo established its new CSR goals, including significant commitments in improving home and small business loans, community investment, operational efficiency, and corporate philanthropy,