Three concepts of Social Responsibility

 I am interested in car industry, so I gathered information related to cars.

Profit Responsibility
-Toyota Motor Corporation's Improved Performance and Shareholder Returns in Fiscal Year 2024

Toyota Motor Corporation posted an enormous profit expansion for the fiscal year finished March 2024, boosting operating income by 111.9% year-on-year to 4.6214 trillion yen and net income by 101.7% to 4.9449 trillion yen. The causes of this enhancement in performance incorporate operating efforts, cost improvements, and the impact of exchange rate fluctuations. In addition, the company has moved to return profits to shareholders, such as increasing dividends and repurchasing its own stock, and has announced its policy of maintaining a total return ratio of around 40%. This is a fine instance of the company's responsibility to maximize profits for shareholders in the context of complying with laws and regulations.

2. Stakeholder Responsibility
- Volkswagen's Emissions Scandal

Volkswagen's emissions test scandal that was unearthed in 2015 affected a huge base of stakeholders all over the world, including customers, employees, shareholders, and business partners. Four of its former executives were convicted of fraud in May 2025, and the company has paid fines and compensation of more than $33 billion to date. This example shows why it is important for companies to fulfill their commitments to their stakeholders.

3. Societal Responsibility
- Porsche's "Partner to Society" Strategy

Porsche seeks to achieve a sustainable society through its corporate activities under the "Partner to Society" vision. It proactively resolves social issues in fields of environmental protection, promotion of education, regional community building, and employee satisfaction improvement. This, for example, includes sponsorship of STEM education to eliminate educational disparities among youth and promoting carbon neutrality goals as part of climate change adaptation. Porsche's actions are a perfect example of its dedication to generating both economic value as a luxury car producer and social value.

 Reference: AG, Porsche. ““Changes Begin with Oneself” – Porsche as a Responsible Partner to Society.” Porsche Newsroom, 9 Sept. 2024, 
https://newsroom.porsche.com/en_PME/2024/sustainability/porsche-perspectives-on-sustainability-responsibility-partner-to-society-37232.html?utm_source=chatgpt.com
“German Court Convicts 4 Ex-Volkswagen Managers of Fraud in Emissions Scandal.” AP News, 26 May 2025,
https://apnews.com/article/volkswagen-germany-diesel-emissions-court-fraud-3878fcf6c06c9574bf5bff8d31029f90
Toyota Motor Corporation. FINANCIAL SUMMARY FY2024
https://global.toyota/pages/global_toyota/ir/financial-results/2024_4q_summary_en.pdf

 

 

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