To write a news release( Exxon mobile- new plan to invest 75% of Essay

To write a news release( Exxon mobile- new plan to invest 75% of profits into development of alternative energy source) - Essay Example 2008 will be the start of a new era for the energy industry and ExxonMobil will be taking the lead and showing other companies the way to do it. [Body] The world is hungry for fuel and ExxonMobil has been proud to supply oil, gas and petroleum for much needed industrial development across six continents. These services will carry on while the company and its affiliates engages in a radical transformation process over the next two decades. Their first commitment is to reduce exploration for fossil fuels in the next 10 years and explore instead alternative energy sources. The ExxonMobil world renowned research and development facilities are engaged on a rapidly expanding programme that explores every avenue of sustainable and renewable energy sources. Aside from the hybrid car types that are already well on the way to commercial success, there are plans to harness the earth’s own massive power which is currently locked into the wind, the waves, and geo-thermal sources. Many people are urging the politicians and the industrialists of the developed world to rethink priorities and create a new blueprint for energy provision. In collaboration with the government ExxonMobil is stepping up to this challenge. They have worked out a plan to invest a staggering 75% of their own profits along with some federal tax credits into the EarthSafe initiative. This demonstrates a deep commitment to the future of the whole planet which ExxonMobil sees as a far more worthy goal than short term profits. They are determined to leave a legacy of fossil-free energy provision within the next 20 years. The next generation will benefit from this exceptional leadership now, and Exxon Mobil is calling on other fossil fuel companies to join with them in this bold move. Strategic planning director Jim Witson said today that â€Å"out of these courageous beginnings a tremendous new chapter will soon be underway. We are making a historic pact with the planet, and we do

Business Ethics Essay Example | Topics and Well Written Essays - 750 words - 2

Business Ethics - Essay Example The organizations are required to perform their activities for the welfare of humans. An organization has two common approaches for business ethics which are from shareholder and stakeholder viewpoints (Johnson and Abramov, â€Å"Business Ethics†). CSR is the responsibility of an organization for providing fair profits to the shareholders keeping in consideration the societal perspective of providing greater benefits to the communities as well. The decisions as well as activities which are performed should be beneficial for the society and stakeholders. An organization should perform operations in a transparent way in accordance with laws as well as standards for the benefit of the society (Catalyst Consortium, â€Å"What is Corporate Social Responsibility†). Business ethics and CSR are essential elements for an organization for providing fair returns to the shareholders as well as making decisions which are to be beneficial for the stakeholders and society. The shareho lder as well as stakeholder viewpoints of business ethics for an organization are the essential elements for implementing appropriate ethical values. From the perspectives of the shareholders, the decisions are made to provide a fair profit on investment. Shareholders are considered as stakeholders of an organization. These ethical values will help an organization to maintain a healthy relationship with the shareholders. Stakeholder perspective of business ethics is to perform activities or operations for the benefits of employees as well as society. The decisions of an organization are to be made for satisfying the needs of the stakeholders as well as these decisions have an impact on the people who are involved with the organization. Stakeholders are included among all those people who are a part of an organization. The key motives of an organization are to provide fair returns to the shareholders as well as to perform its activities with ethical values which are beneficial for al l those who are involved with the organization. Therefore, it is apparent that appropriate ethical decisions can be made through shareholder or stakeholder perspective of business ethics (Pfarrer, â€Å"What is the Purpose of the Firm?: Shareholder and Stakeholder Theories†). Shareholder perspective is mainly focused on the notion of generating profit for the organization. An organization is functioning with the motive of generating profit and the effectiveness of the organization is determined with the quantity of profit earned as well as on other economic factors. The primary aim of an organization is to enhance the values of the shareholders. The stakeholder perspective should be to serve the people who are involved with the organization with due consideration to the notion of improving the health of the society. This viewpoint of stakeholder should be considered as a top priority above profitability for an organization. There is a vast ethical decisions difference in term s of the perspectives of shareholders and stakeholders which clashes with profitability and responsibility of an organization (Value Based Management.net, â€Å"Shareholder Value versus Stakeholders†). The ethical values as well as CSR of an organization are to perform activities or operations with the motive of providing fair profit to the shareholder as well as serving an organization in accordance with the appropriate ethic