The United Nations Global Compact platform Essay Example for Free

The unite Nations globose compact car platform EssayThe United Nations planetary crusade platform has ten principles of which three are environmental principles. This submission describes lessons learnt from businesses practices by Honda Motors, Hitachi, and Mitsubishi companies that keep be used to achieve abidance of 2 of the environmental principles. The deuce principles are (a) promoting greater environmental responsibility, which the eighth principle and (b) development and diffusion of environmentally friendly technologies, which is the ninth principle (UN ball-shaped Compact and Duke University, 2010 11).Promoting Greater environmental ResponsibilityThis principle intends to help companies to adhere to a more environmental consciousness. in spite of Honda not being a appendage of the of the United Nations globose Compact initiative, it has naturalised different platforms in spite of appearance the telephoner to ensure that it is promoting greater environment al responsibility. It does this through its Hondas Global Compact Platform and primer Dreams Technology (Honda, 2014a). The company has established environmental e-learning campaigns aimed at educating the public about different ways of preserving the environment.Likewise, Hitachi has established environmental management strategies and initiatives that are aimed at improving its environmental impact. In addition, the company is involved in ecosystem preservation initiatives aimed at educating the public about the different ways of preserving the environment. It also encourages customers to buy products that are fabricate using eco-friendly procedures.An analysis of Mitsubishi Company reveals that the company promotes greater environmental responsibility by investing in eco-friendly designs and processes. In addition, just like Honda and Hitachi, it offers selective information about preservation of the environment to the public (Mitsubishi 2014).Development and spreading of Envi ronmentally Friendly TechnologiesHonda Motors Ltd is at the forefront in developing bracing technologies that seek to ensure environmental preservation. It has development motor vehicle engines that consume less fuel through its hybrid technology. Further, the company has produced much(prenominal)(prenominal) cars as Honda Jazz which is competent and environmental friendly. The company has also produced hybrid engines that use electricity as well as gasoline hence reducing gasoline consumption (Honda, 2014a).Hitachi is also developing efficient engines and cars. However in addition to such efforts, the company as a UN Global Compact member ensures that environmentally friendly policies are kept within the company. It has legion(predicate) products that are environmentally friendly and it ensures that where it whoremasternot mortify environmental befoulment, it does so through other corporate social responsibility events such as pose trees and providing clean water to society .Mitsubishi ensures the development and diffusion of environmentally friendly technologies through the manufacture of such products that preserve the environment. Further, it is involved in construction of more efficient aero engines as a way of reducing pollution to the environment caused by aeroplanes.Positive Lessons Learnt From Businesses PracticesHonda uses the Global Compact Platform despite its non-member status in the UN Global Compact initiatives. This channelises that any company, regardless, of its membership in the UN Global Compact can participate and ensure the acceptation of Global Compact principles.Hondas success in motor vehicle indus discover shows that it is possible for a company to be profitable through the use of environmentally friendly strategies in manufacturing and distribution of products. In addition, Honda markets its Honda Jazz series as the best environmentally friendly SUV cars in the market.Mitsubishi and Hitachi also use the UN Global Compact st rategies to ensure that all its products and company processes adhere to the principles. Unlike Honda, these companies do not use platforms such as Global Compact Platform used by Honda.Negative Lessons Learnt From Businesses PracticesMitsubishi and Hitachi as members of United Nations Global Compact ensure that they embed, balance, diffuse, and translate the two environmental stewardship principles in their company. The companies have ensured that they provide communication of their procedures and new technologies to the public and Global compact platform as a commitment to the two principles. Unlike Honda, these two companies are accountable to an outside entity.Another lesson from Mitsubishi and Hitachi is that they have worked and invested in developing decision-making strategies that enforce the two principles. by means of their development of energy efficient products and services and the commitment to events and CSR programs that are aimed at educating the public about eco-f riendly practices, the two companies are able to enhance environmental responsibility and development and diffusion of environmentally friendly technologies.Further, Mitsubishi can track their success through the laid out procedure in the environmental stewardship strategy highly-developed by UN Global Compact and Duke University (2010). The strategy ensures that there is accountability and it is result oriented unlike Honda which is not accountable to the UN Global Compact.Business Practice RecommendationsSince companies joining the UNGC platform wish to benefit from their association and compliance with the principles, it is important that such benefits are protected. In order to encourage compliance, it must be made vexed and expensive to get accreditations of eco-friendliness from other institutions. As such, the UNGC should liaise with other institutions to ensure compliance of the two principles. The companies pursuance such recognition must show investments and commitment t o environmental friendly procedure and processes. This will oppose companies from seeking recognitions from institutions with lesser strict requirements hence allowing companies that have genuinely investment and committed to environment to be recognized and benefit from such recognition. The following can be done to ensure that business practices accommodate to the two principles rule 8 Promoting Greater Environmental ResponsibilityTo enhance compliance with the eighth UN Global Compact principle, it is important for the companies to ensure that they have decision-making strategies that ensure compliance. This helps in assessing the level of compliance within a company.By having membership in the UN Global Compact, companies can remain committed to the principle unlike those that try to enhance compliance without being members of the Global Compact. This ensures accountability as well as encouraging self-assessment.Principle 9 Development and Diffusion of Environmentally Friendly TechnologiesCompanies that comply with the ninth principle should ensure that throughout their supply chain, manufacturing and distribution processes, environmentally friendly technologies are used. This can be ensured by following the environmental stewardship strategies proposed by UN Global Compact and Duke University (2010).Secondly, compliance can be enhanced through benefits such as publicity for technology that is eco-friendly. The UN Global Compact should establish and award that recognizes efforts done by companies.Challenges and Implications to ShareholdersThe UN Global Compact fraternity will be required to limit the use of phrases such as Global Compact, which may be a difficult process. Further, the UN Global Compact will be required to partner with numerous institutions that give accreditations. The companies involved will also be affected. For instances, companies will now be required to show their commitment to UNGC before getting accreditation from other instituti ons. Thirdly, customers and the public may find it hard to get information about eco-friendly companies and technologies if UN Global Compact does not provide information of legitimate technologies.ReferencesUN Global Compact and Duke University, (2010). Environmental Stewardship Strategy Overview and Resource for Corporate Leaders. Retrieved from https//www.unglobalcompact.org/docs/issues_doc/Environment/Environmental_Stewardship_Strategy.pdfHonda, (2014a). News Releases 2014 Paris Motor Show 2014. Retrieved from http//world.honda.com/news/2014/4141002Paris-Motor-Show/Honda, (2014b). mention Indicators of Hondas Environmental Performance. Retrieved from http//world.honda.com/environment/report/act_val/indicator/Hitachi, (2014a). Sustainability report 2014 Environmental Report. Retrieved from http//www.hitachi.com/environment/activities/index.htmlHitachi, (2014b). Hitachi Recognized as World Leader for Corporate Action on Climate Change. Retrieved from http//www.hitachi.com/environ ment/newsr/2014/1028.htmlMitsubishi (2014). Progress Towards Sustainable Society. Retrieved from http//www.mhi-global.com/company/csr/policy/releaseandrecognition/sustainable-society.htmlSource document