EMI’s Social Responsibility Policy:
EMI is distinct from its competitors in its special focus on Corporate Social Responsibility and Environmental Protection. Across its offices, studios, distribution centres and factories a universal compliance code is adopted to minimize the detrimental effects on the environment due to global warming and other such phenomena. The environmental impact of manufacturing is incorporated in its annual report as well. In this way, EMI tries to maintain transparency and accountability to its stated goals. This policy has already had some positive effects. For example, the Carbon-di-oxide emissions in all its facilities dropped by one thirds. Strictly in the financial sense, these successes may seem irrelevant, if not detrimental, to the bottom-line. But these days many consumers are environmentally conscious and expect high ethical standards from business corporations. So, the bottom-line will be boosted when enough consumers become aware of the superior ethical policies of EMI.
References:
Chiariglione, L., 1998, Impact of multimedia standards on multimedia industry, Proceedings of the IEEE, 1998.
Drew, M.S. & Li, Z.N., 2004, Fundamentals of Multimedia, School of Computer Science Publication, Canada, 2004
EMI Records Chairman’s Address, [online], available at:
<http://www.shareholder.com/visitors/dynamicdoc/document.cfm?CompanyID=EMIL&documentID=967&PIN=&resizeThree=no&Scale=100&Keyword=Type%20keywords%20here&interface=&Page=44>, accessed on 16th October, 2007
EMI Records Annual Reports Database, [online], available at:
<http://www.shareholder.com/visitors/dynamicdoc/document.cfm?CompanyID=EMIL&documentID=967&PIN=&resizeThree=no&Scale=100&Keyword=Type%20keywords%20here&Page=68>, accessed on 16th October, 2007