Pratt & Whitney Ethics and Social Responsibility

Mathew M.

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Pratt & Whitney Ethics and Social Responsibility

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Pratt & Whitney Ethics, Social Responsibility, Corporate

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Abstract

Corporate social responsibility, environmentalism and ethical principles provide a triple foundation of contemporary decision making concept for business and managing organization's activities. Considering that social awareness amongst the public and other interested stakeholders is increasing every day, organizations are mandated to broaden their corporate priorities beyond their traditional business objectives of profitability and enrichment of their shareholders.

The corporate leaders cannot disregard pressure from stakeholders demanding organizations to assume complete responsibility in examining the social implications of their operations. With organizations facing increased pressure from dynamic environmental factors, their sustainability lay in integrating ethical principles, social and environmental responsibility with their financial prosperity pursuits.

Accomplishing business sustainability involves nurturing the ability of the organization in meeting its present and future prosperity without comprising the wellbeing of future generations. This consideration creates a reason for organizations go beyond their usual environmental sustainability programs and adopt better business channels that factor in social and environmental impacts under a triple-bottom-line approach. This enables the organizations to
assess social impacts, environmental risks and emerging opportunities against their business decisions (Cohen, Taylor, & Muller-Camen, 2012).

Introduction
Governance Structure
Code of Ethical, Social and Environmental Conduct
Teleological and Virtue-Based Philosophy of Ethics
How the Organization Culture Reinforces Old Cultural Values?
Imposing Standards to Suppliers
Eco-Friendly Products and Operations
Availing Information about its Environmental Performance
Opportunities Presented In Socially Beneficial or Environmentally Sustainable Products and Services
Reflection of Irresponsibility
Conclusion and Recommendation

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[...] The corporation demonstrates this principle by articulating it in the emphasis of doing the right thing as the roadmap for its aspirations. Secondly, the company conforms to the principle of veracity by nurturing the value of accountability that requires its employees, agents and representatives to assume ownership in their assignments. It shares UTC belief that successful enterprise aims to improve the present human condition by sustaining high levels of ethical performance and corporate responsibility. The quest for fairness within the internal and external environment enable the organization leapfrog the usual expectations of complying with the justice system in their host environment. [...]

[...] These accomplishments rank its family of engines as the cleanest in the aerospace industry. Application of improved emission kit comprising upgraded fuel nozzles and low combustors blend with Talon concept reduces the unburned hydrocarbons to and smoke production by 50%. Furthermore, the certification of the QuietEagle system for reducing noise complies with the aviation regulation requirements by reducing noise by 6 decibels (Pratt & Whitney, 2014). PRATT & WHITNEY ETHICS AND SOCIAL RESPONISBILITY 10 The corporation has been at the forefront of exploring alternate jet fuels by collaborating with like-minded organizations to pursue clean and efficient biofuels into commercial use. [...]

[...] Moreover, the media library that consists of audio files, press kits and photos enable the stakeholders to explore events and the corporate news. The organization bridges the information gap between organization internal and external environment by briefing stakeholders through press releases, media contacts, and executive speeches. Finally, by preparing a combined report on its corporate social and environmental responsibility program, it reflects the organization's belief that values social and environmental performances as vital business issues (Pratt & Whitney, 2014). Opportunities Presented In Socially Beneficial or Environmentally Sustainable Products and Services Pratt & Whitney environmental leadership emerges from its cooperation efforts with its parent company in setting aggressive environmental, health and safety goals. [...]

[...] Consequently, Pratt & Whitney have turned focus on converting the heat energy, reducing fuel usage and avoiding the excessive production of CO2 manufacturing facilities. In an effort to safeguard its business reputation for environmental leadership, the organization set to improve its factories and products by 2025. The corporation is constructing facilities that meet the LEED platinum rating standards, including utilization of renewable energy sources, recycled raw materials, diverting construction waste into useful use and landscaping the facility design to reduce water use (Yang, 2013). [...]

[...] The feedback helps the Pratt & Whitney improve the subject of concern and revise the metrics utilized during the reporting (Pratt & Whitney, 2014). PRATT & WHITNEY ETHICS AND SOCIAL RESPONISBILITY 11 The organization conveys the information about its environmental performance to its family of stakeholders through Pratt & the Whitney Media Channel. This offers a comprehensive source for compliance with industrial environmental programs and organizational news and events on environmental preservation. The coverage on industry trends offers a comparative forum to its customers on the recent developments in the aerospace sector. [...]

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