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Corporate social responsibility of Hoa Phat

Corporate social responsibility of Hoa Phat 1moXq
Corporate social responsibility is a broad idea that can take some forms dependent on the organization and business. Through CSR programs, philanthropy, and voluntary campaigns, businesses will help society while promoting their brands. As important as CSR is for the people, it is as important for the company. CSR actions will help forge a stronger connection between worker and firm; they will increase morale and will help both employees and employers feel more connected with the world around them. Actions that are made through social responsibility will help strengthen the connection between firms and employees. It will also improve the morale of both parties. Corporate social responsibility is a business practice for making investments in the social and environmental sustainability of the firm. Corporate social responsibility is an idea that businesses can implement through their voluntary programs and campaigns. It also aims to contribute to a society that is better for everyone. Hoa Phat is the leading industrial manufacturing group in Vietnam. Originating as a construction machine and equipment trading company in August 1992, Hoa Phat has gradually expanded its business to trading and production of Furniture, Steel Pipe, Steel, Refrigeration, Real Estate, and Agriculture. Besides production and business activities, Hoa Phat always implements the social responsibility of manufacturing enterprises from the heart with the motto "Harmony and development". That is reflected in the increasing contribution to the annual state budget, creating stable jobs for tens of thousands of employees, well-performing social security work, and a series of charity and general programs. hands for meaningful community. First, the Corporate social responsibility of Hoa Phat is the support against Covid-19, with the desire to join hands with the Government and ministries to cope with the spread of the Covid-19 Pandemic in Vietnam, Hoa Phat Group has donated 5 billion VND in cash to the Fund of the Ministry of Health and Hospitals. Central Tropical. During the second outbreak of the Covid-19 epidemic, the Group supported localities such as Da Nang, Quang Nam, and Quang Ngai with 2 billion VND each to prevent the epidemic. Second, "Love beats" is a corporate social responsibility activity that sponsors free heart surgery treatment for poor children, implemented by Hoa Phat Group since 2015. Up to now, after 4 years of operation, the program has become a reliable address for poor patients with congenital heart disease who need help. Third, "Hoa Phat goes to school with me" carries the practical meaning of Hoa Phat Group, aiming to modernize the educational infrastructure, improve the quality of teaching and learning in localities across the country. Forth, the bridge construction activity of Hoa Phat aims to support localities in the West and Mekong Delta provinces to build traffic bridges through canals, contributing to improving the quality of people's lives and improving the quality of life. promote local economic development. Building bridges in rural areas Building bridges spanning canals in localities of the Mekong Delta are new projects performed by Hoa Phat since 2019. These projects aim to enhance the quality of people’s life, boost the development of the local economy as well as ensure the safety for people and children in flood. In addition, “Spring of Love” is an annual activity carried out by Hoa Phat Group before Lunar New Year intending to bring a warm and happy “Tet” to families in difficult situations. Society is facing many environmental challenges, including the depletion of natural resources, pollution, climate change, destruction of habitats, loss of species, the collapse of whole ecosystems, and the degradation of urban and rural human settlements. In the field of steel production, the investment in equipment and technologies aims to control environmental problems and radically treat all kinds of waste and exhaust gas. To ensure the “green” element in the steel production of Hoa Phat, water and air were treated using cutting-edge environmental protection equipment worth hundreds of millions of USD. The electricity generated by Hoa Phat is “green” because it does not use coal or any other materials, contributing to the saving of costs and environmental protection. As mentioned above, the application of environmentally friendly energy-saving technologies which reuse water and exhaust gas generated from production has becoming the inevitable trend in the modern steel industry. Moreover, Employees in Hoa Phat received not only salary, 13th-month bonus, end-of-year bonus but also many other benefits such as unscheduled bbonusesonus for outstanding achievements or innovative initiatives applied to the manufacturing process. When the Covid-19 epidemic broke out and has lasted from the beginning of 2020, the Group actively took many measures to prevent infection such as being forced to wear a face mask, sanitizing hands, and measuring body temperature before entering the workplace, and spraying antiseptics at office premises and factories. According to Freeman, 12 groups of stakeholders involved in CSR activities: Owner, Social behavior group, Financial community, consumers, Group to protect the interests of customers and consumers, Union, Staff, Commercial organizations, Competitor, Supplier, Government, and Political organizations. in the list of social activities that Hoa Phat aims at, has shown the activities and concerns of businesses to 6 interest groups. First, for the community, Hoa Phat has conducted many activities like “Love beat”, “Spring of Love”, “Hoa Phat goes to school with me”, … Aiming to protect the environment, Hoa Phat implements the measures and investment in green steel production, each year Hoa Phat saved thousands of billion dong through waste heat recovery to generate electricity, contributing to the reduction of greenhouse emissions. For the government, Hoa Phat fulfills its tax obligations and also joins hands with the government to prevent Covid 19. For the employee, Hoa Phat implemented encouragement and training policies, attractive welfare benefits, and offered a working environment that promoted them to maximize their creative abilities. For the shareholder, the company pays full dividends, transparent information on the company's website for more than 60, 000 shareholders. For the consumer group, Hoa Phat ensures product quality through steel production processes applying SAPS/4HANA in the management of all production and business activities. The advantage of CSR policy in Hoa Phat helps improve company profitability and value. The introduction of energy efficiencies and waste recycling cuts operational costs and benefits the environment. CSR also increases company accountability and transparency with investment analysts and the media, shareholders, and local communities For companies operating in emerging markets, engaging in CSR practices enables widespread reach into a variety of outside markets, an improved reputation, and stakeholder relationships. In all cases, implementing CSR policies into the daily activities and framework of a company has been shown to allow for a competitive advantage versus other companies, including the creation of a positive image for the company, improved stakeholder relationships, increased employee morale, and attraction of new consumers who are committed to social responsibility. found a correlation between social/environmental performance and financial performance. Another advantage is Hoa Phat can afford to allocate a budget to CSR reporting and share it with the community. It can be claimed that by connecting businesses to societal or environmental challenges, a firm can develop socially responsible solutions that provide a competitive and operational advantage. On the other hand, the disadvantage of the CSR policy in Hoa Phat is the company does not pay much attention to other interest groups, perhaps the benefits of such interest groups are not worth the cost. In addition, for the employee, the annual activities with large crowds of employees will cause unsafety during this epidemic season. Gender equality in the company is also something Hoa Phat needs to pay attention to. In my opinion, there are more groups that help improve the quality of CSR activities and can be used to have a beneficial impact on stakeholders, giving the organization a strategic edge such as Commercial organizations, Suppliers, Financial communities, and groups to protect the interests of customers and consumers… Also, the GRI is one example of a triple bottom line indicator (global reporting initiative). However, Hoa Phat did a lot for the community and essentially helps generally many people in the for all intents and purposes local area mostly improve life and save the lives of sort of many very little souls In conclusion, we can see that CSR is an important activity in Hoa Phat and helps Hoa Phat achieve its social goals and help the community and the country develop.
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organization
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business
.
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CSR
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programs
, philanthropy, and voluntary campaigns,
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businesses
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help
society while promoting their brands. As
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important
as CSR is for the
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people
, it is as
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important
for the
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company
. CSR actions will
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help
forge a stronger
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connection between
worker and
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firm
; they will increase morale and will
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help
both
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employees
and employers feel more connected with the world around them. Actions that
are made
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through
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social
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responsibility
will
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help
strengthen the
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connection between
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firms
and
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employees
. It will
also
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improve
the morale of both parties.
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social
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responsibility
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business
practice for making
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investments
in the
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social
and
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environmental
sustainability of the
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firm
.
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social
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responsibility
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idea
that
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businesses
can implement
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their voluntary
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programs
and campaigns. It
also
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aims
to contribute to a society
that is
better for everyone.

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Hoa
Phat is the leading industrial manufacturing
You use this word too often, consider replacing it with
group
in Vietnam. Originating as a construction machine and equipment trading
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company
in August 1992,
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Hoa
Phat has
gradually
expanded its
You use this word too often, consider replacing it with
business
to trading and
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production
of Furniture,
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Steel
Pipe,
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Steel
, Refrigeration, Real Estate, and Agriculture.
Besides
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production
and
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business
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activities
,
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Hoa
Phat always implements the
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social
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responsibility
of manufacturing enterprises from the heart with the motto
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"
Harmony and development
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"
. That
is reflected
in the increasing contribution to the annual state budget, creating stable jobs for tens of thousands of
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employees
, well-performing
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social
security work, and a series of charity and general
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programs
.
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hands
for meaningful community.

First
, the
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Corporate
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social
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responsibility
of
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Hoa
Phat is the support against Covid-19, with the desire to
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join
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hands
with the
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Government
and ministries to cope with the spread of the Covid-19 Pandemic in Vietnam,
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Hoa
Phat
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Group
has donated 5 billion VND in cash to the Fund of the Ministry of Health and Hospitals. Central Tropical. During the second outbreak of the Covid-19
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epidemic
, the
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Group
supported localities such as
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Da
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Nang
,
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Quang
Nam, and
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Quang
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Ngai
with 2 billion VND each to
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prevent
the
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epidemic
. Second,
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"
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Love
beats
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"
is a
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corporate
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social
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responsibility
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activity
that sponsors free heart surgery treatment for poor children, implemented by
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Hoa
Phat
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Group
since 2015. Up to
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now
, after 4 years of operation, the
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program
has become a reliable address for poor patients with congenital heart disease who need
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help
. Third,
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"
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Hoa
Phat goes to school with me
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"
carries the practical meaning of
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Hoa
Phat
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Group
, aiming to modernize the educational infrastructure,
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improve
the
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quality
of teaching and learning in localities across the country. Forth, the
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bridge
construction
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activity
of
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Hoa
Phat
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aims
to support localities in the West and Mekong Delta provinces to build traffic
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bridges
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through
canals, contributing to improving the
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quality
of
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people
's
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lives
and improving the
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quality
of life.
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promote
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local
economic development. Building
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bridges
in rural areas Building
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bridges
spanning canals in localities of the Mekong Delta are new projects performed by
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Hoa
Phat since 2019. These projects
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aim
to enhance the
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quality
of
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people’s
life, boost the development of the
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local
economy
as well
as ensure the safety for
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people
and children in flood.
In addition
, “Spring of
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Love”
is an annual
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activity
carried out by
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Hoa
Phat
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Group
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before
Lunar New Year intending to bring a warm and happy “Tet” to families in difficult situations. Society is facing
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many
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environmental
challenges, including the depletion of natural resources, pollution, climate
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change
, destruction of habitats, loss of species, the collapse of whole ecosystems, and the degradation of urban and rural human settlements. In the field of
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steel
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production
, the
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investment
in equipment and technologies
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aims
to control
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environmental
problems and
radically
treat all kinds of waste and exhaust gas. To ensure the “green” element in the
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steel
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production
of
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Hoa
Phat, water and air
were treated
using cutting-edge
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environmental
protection equipment worth hundreds of millions of USD. The electricity generated by
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Hoa
Phat is “green”
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because
it does not
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use
coal or any
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other
materials, contributing to the saving of costs and
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environmental
protection. As mentioned above, the application of
environmentally
friendly energy-saving technologies which reuse water and exhaust gas generated from
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production
has becoming the inevitable trend in the modern
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steel
industry.
Moreover
,
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Employees
in
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Hoa
Phat received not
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only
salary, 13th-month bonus,
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end
-of-year bonus
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but
also
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many
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other
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benefits
such as unscheduled
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bbonusesonus
for outstanding achievements or innovative initiatives applied to the manufacturing process. When the Covid-19
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epidemic
broke out and has lasted from the beginning of 2020, the
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Group
actively
took
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many
measures to
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prevent
infection such as
being forced
to wear a face mask, sanitizing
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hands
, and measuring body temperature
This phrase/word is too simple and can be replaced with:
before
entering the workplace, and spraying antiseptics at office premises and factories.

According to Freeman, 12
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groups
of
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stakeholders
involved in CSR
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activities
: Owner,
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Social
behavior
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group
, Financial
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community
,
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consumers
,
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Group
to protect the
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interests
of customers and
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consumers
, Union, Staff, Commercial
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organizations
, Competitor, Supplier,
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Government
, and Political
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organizations
.
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in
the list of
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social
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activities
that
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Hoa
Phat
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aims
at, has shown the
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activities
and concerns of
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businesses
to 6
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interest
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groups
.
First
, for the
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community
,
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Hoa
Phat has conducted
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many
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activities
like “
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Love
beat”, “Spring of
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Love”
, “
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Hoa
Phat goes to school with me”, … Aiming to protect the environment,
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Hoa
Phat implements the measures and
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investment
in green
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steel
You use this word too often, consider replacing it with
production
, each year
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Hoa
Phat saved thousands of billion dong
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through
waste heat recovery to generate electricity, contributing to the reduction of greenhouse emissions. For the
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government
,
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Hoa
Phat fulfills its tax obligations and
also
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joins
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hands
with the
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government
to
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prevent
Did you mean "COVID-19" or the alternative spelling "Covid-19" (= coronavirus)?
Covid 19
. For the
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employee
,
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Hoa
Phat implemented encouragement and training
You use this word too often, consider replacing it with
policies
, attractive welfare
You use this word too often, consider replacing it with
benefits
, and offered a working environment that promoted them to maximize their creative abilities.
Three successive sentences begin with the same word. Consider rewording the sentence or use a thesaurus to find a synonym.
For
the shareholder, the
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company
pays full dividends, transparent information on the
This phrase/word (depending on the context) can be potentially replaced with :
company
's website for more than 60, 000 shareholders.
Three successive sentences begin with the same word. Consider rewording the sentence or use a thesaurus to find a synonym.
For
the
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consumer
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group
,
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Hoa
Phat ensures product
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quality
You use this word too often, consider replacing it with
through
You use this word too often, consider replacing it with
steel
You use this word too often, consider replacing it with
production
processes applying SAPS/4HANA in the management of all
You use this word too often, consider replacing it with
production
and
You use this word too often, consider replacing it with
business
activities.

The advantage of CSR
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policy
in
Possible spelling mistake found.
Hoa
Phat
You use this word too often, consider replacing it with
helps
You use this word too often, consider replacing it with
improve
You use this word too often, consider replacing it with
company
profitability and value. The introduction of energy efficiencies and waste recycling
This phrase/word (depending on the context) can be potentially replaced with :
cuts
operational costs and
You use this word too often, consider replacing it with
benefits
the environment. CSR
also
increases
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company
accountability and transparency with
You use this word too often, consider replacing it with
investment
analysts and the media, shareholders, and
You use this word too often, consider replacing it with
local
You use this word too often, consider replacing it with
communities
For
You use this word too often, consider replacing it with
companies
operating in emerging markets, engaging in CSR practices enables widespread reach into a variety of outside markets, an
This phrase/word (depending on the context) can be potentially replaced with :
improved
reputation, and
You use this word too often, consider replacing it with
stakeholder
relationships. In all cases, implementing CSR
You use this word too often, consider replacing it with
policies
into the daily
You use this word too often, consider replacing it with
activities
and framework of a
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company
has
been shown
to
This phrase/word (depending on the context) can be potentially replaced with :
allow
for a competitive advantage versus
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other
You use this word too often, consider replacing it with
companies
, including the creation of a
This phrase/word is too simple and can be replaced with:
positive
image for the
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company
,
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improved
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stakeholder
relationships, increased
You use this word too often, consider replacing it with
employee
morale, and attraction of new
You use this word too often, consider replacing it with
consumers
who
are committed
to
You use this word too often, consider replacing it with
social
You use this word too often, consider replacing it with
responsibility
.
This sentence does not start with an uppercase letter
found
a correlation between social/environmental performance and financial performance. Another advantage is
Possible spelling mistake found.
Hoa
Phat can afford to allocate a budget to CSR reporting and share it with the
You use this word too often, consider replacing it with
community
. It can
be claimed
that by connecting
You use this word too often, consider replacing it with
businesses
to societal or
You use this word too often, consider replacing it with
environmental
challenges, a
You use this word too often, consider replacing it with
firm
can develop
socially
responsible solutions that provide a competitive and operational advantage.

On the
You use this word too often, consider replacing it with
other
You use this word too often, consider replacing it with
hand
, the disadvantage of the CSR
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policy
in
Possible spelling mistake found.
Hoa
Phat is the
You use this word too often, consider replacing it with
company
does not pay much attention to
You use this word too often, consider replacing it with
other
You use this word too often, consider replacing it with
interest
You use this word too often, consider replacing it with
groups
, perhaps the
You use this word too often, consider replacing it with
benefits
of such
You use this word too often, consider replacing it with
interest
You use this word too often, consider replacing it with
groups
are not worth the cost.
In addition
, for the
You use this word too often, consider replacing it with
employee
, the annual
You use this word too often, consider replacing it with
activities
with large crowds of
You use this word too often, consider replacing it with
employees
will cause
Possible spelling mistake found.
unsafety
during this
You use this word too often, consider replacing it with
epidemic
season. Gender equality in the
You use this word too often, consider replacing it with
company
is
also
something
Possible spelling mistake found.
Hoa
Phat needs to pay attention to.

In my opinion, there are more
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groups
that
You use this word too often, consider replacing it with
help
You use this word too often, consider replacing it with
improve
the
You use this word too often, consider replacing it with
quality
of CSR
You use this word too often, consider replacing it with
activities
and can be
This phrase/word (depending on the context) can be potentially replaced with :
used
to have a beneficial impact on
You use this word too often, consider replacing it with
stakeholders
, giving the
You use this word too often, consider replacing it with
organization
a strategic edge such as Commercial
You use this word too often, consider replacing it with
organizations
, Suppliers, Financial
You use this word too often, consider replacing it with
communities
, and
You use this word too often, consider replacing it with
groups
to protect the
You use this word too often, consider replacing it with
interests
of customers and
You use this word too often, consider replacing it with
consumers…
Also
, the GRI is one example of a triple bottom line indicator (global reporting initiative).
However
,
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Hoa
Phat did a lot for the
You use this word too often, consider replacing it with
community
and
essentially
You use this word too often, consider replacing it with
helps
generally
This phrase/word is too simple and can be replaced with:
many
You use this word too often, consider replacing it with
people
in the for all intents and purposes
You use this word too often, consider replacing it with
local
area
mostly
You use this word too often, consider replacing it with
improve
life and save the
This phrase/word (depending on the context) can be potentially replaced with :
lives
of sort of
This phrase/word is too simple and can be replaced with:
many
This phrase/word is too simple and can be replaced with:
very
This phrase/word is too simple and can be replaced with:
little
souls

In conclusion
, we can
This phrase/word (depending on the context) can be potentially replaced with :
see
that CSR is an
This phrase/word is too simple and can be replaced with:
important
You use this word too often, consider replacing it with
activity
in
Possible spelling mistake found.
Hoa
Phat and
You use this word too often, consider replacing it with
helps
Possible spelling mistake found.
Hoa
Phat achieve its
You use this word too often, consider replacing it with
social
goals and
You use this word too often, consider replacing it with
help
the
You use this word too often, consider replacing it with
community
and the country develop.
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IELTS essay Corporate social responsibility of Hoa Phat

Essay
  American English
7 paragraphs
1382 words
6.0
Overall Band Score
Coherence and Cohesion: 5.5
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.0
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 6.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
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    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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