I have chosen to write about the company, Walt Disney because they are known for being socially and ethically responsible. There is a section of the Walt Disney website that is dedicated to sharing policies on social impact, environmental sustainability, and diversity and inclusion.
Disney also has a charity called Disney Conversation, a charity that “is committed to saving wildlife and building a global community inspired to protect the magic of nature together” (The Walt Disney Company, 2021). Disney is also known for taking care of their employees and making sure they are treated fairly and maintain a safe place to work.
Walt Disney is a socially and ethically responsible company but also isn’t perfect and has some issues. Unfourtntely, Walt Disney is known for underpaying staff, especially factory workers. In 1966, Disney paid their factory employees in Haiti only 12 cents an hour and in 2018 11% of Disney employees reported that they had been homeless and unable to buy groceries (Dreier, 2020). Recently, ten women are suing Disney for “rampant gender pay discrimination” (Barnes, 2021). It is safe to say that Disney has some not very magically flaws that as a Disney lover is hard to believe.
Walt Disney is worth nearly 215 billion dollars currently and is ranked No. 5 overall for the 19th consecutive year as the top-ranked media and entertainment company (The Walt Disney Company, 2022) Disney focuses on “renewable electricity, conserving fuel, sustainable design, reducing waste, using water responsibly, greening production, and protecting nature” (The Walt Disney Company, 2021) I feel that Disney is focused on balancing the making a “green” profit, “green” environment.
Refferences:
Disney ranks high on Fortune’s 2022 list of “World’s most admired companies”. The Walt Disney Company. (2022, February 2). Retrieved August 11, 2022, from https://thewaltdisneycompany.com/disney-ranks-high-on-fortunes-2022-list-of-worlds-most-admired-companies/
Barnes, B. (2021, March 18). Pay discrimination suit against Disney adds pay secrecy claim. The New York Times. Retrieved August 11, 2022, from https://www.nytimes.com/2021/03/18/business/media/disney-pay-discrimination-lawsuit.html#:%7E:text=The%20court%20fight%20over%20equal,less%20than%20their
Dreier, P. (2020, March 12). Disney is not the greatest place on Earth to work. The Nation. Retrieved August 11, 2022, from https://www.thenation.com/article/economy/disney-iger-labor/
Environmental sustainability. Disney Social Responsibility. (2022, April 29). Retrieved August 11, 2022, from https://impact.disney.com/environment/environmental-sustainability/
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