Download BBA 3602Social ResponsibilityColumbia Southern UniversityBBA and more Lecture notes Accounting in PDF only on Docsity! BBA 3602 Social Responsibility Columbia Southern University BBA 3602 Social Responsibility When people hear the word Disney, one may light up with joy and excitement. One of the world’s largest companies is Disney and it is not all about entertainment, amusement parks and rides. Disney has many locations all over the world. They believe that social responsibility is important and they provide many different organizations to support their effort when it comes to raising funds and donating. According to waltdisneycompany.com, their commitment states, “We believe social responsibility is a long-term investment that serves to strengthen our operations and competitiveness in the marketplace, enhance risk management, attract and engage talented employees, and maintain our reputation.” (p. 2). Disney wants to make a social impact on people. They provide comfort, inspiration, and opportunities to families and children. One is called the cash and in-kind contributions, the commitment to community and collaborating with nonprofit organizations. This way there can be positive change to communities all over the world. According to Walt Disney Company, in 2019, Disney gave $338.2 million in cash and in-kind donations to these organizations. Families and children around the world had comfort and opportunity with these benevolent donations from Disney. Employees and cast members that work for Disney have been giving back for years. By doing this the Disney matches financial donations to charitable organizations through Disney Employee Matching Gifts, which is a program of The Walt Disney Company Foundation. Disney matched $71 million since 2010 from employees donating their time and money into this. Over the past 50 years, the Walt Disney Foundation has awarded college students scholarships based on their academics. Employees can withal turn their hours of volunteer accommodation into a financial contribution through VoluntEARS Grant. The VoluntEARS are projects that are focused on globally year around which employee teams unite. This program makes it fun for family and friends of employees to help and be a part of these events. Disney rewards nonprofits and schools in the U.S., which is specifically quite significant, with Disney tickets for participating in family volunteering activities. As a token of appreciation, Disney honors and celebrates volunteers yearly for their service and commitment. Disney makes a priority of visiting children’s hospital and easing the stress of being little ones being sick. It is an organization called Disney Team of Heroes and the CEO of Walt Disney Company gave a $100 million commitment to children’s hospital around the world and Texas Children’s Hospital in Houston, Texas which debuted a suite of murals experiences and interactive art to provide comfort and inspiration to families and friends. This organization was built up on children with serious illness that they may be facing. Disney Team of Heroes gets together with employees at the hospital and brings Disney beloved characters into the hospital to visit the children. By doing this the hearts of millions are touched daily and this helps with high anxiety issues that children or family members may be having. Disney wanted to bring something warm feeling and an inspiring atmosphere. Some of the spaces in Texas Children’s Hospital has windows that have pictures in them of Disney classics. Murals were also painted in areas of walking to different parts of the hospital to tell a classic Disney story such as Cinderella or Snow White and the Seven Dwarfs. Disney Conservation is all about saving the wildlife and building global commitment to protect nature. The funds of $100 million go to nonprofit organizations to help save the wildlife and protect the planet. It has been a 25-year commitment impact to the community, by protecting more than 100 species across 25 countries this year. In 2019 when the release of The Lion King,
