M&T Bank Corporate Social Responsibility Essay

887 words - 4 pages

BUS378 – Bus, Gov & Society

CSR Research Assignment

Corporate Social Responsibility (CSR) can be defined as the duty a corporation has to create wealth by using means that avoid harm to, protect, or enhance societal assets. More simply put, CSR is a corporation's responsibility to act in a manner that not only promotes their business, but also considers the impact it will have on the community it is serving. M&T Bank is a large international corporation that can be identified as operating with a high level of Corporate Social Responsibility. The benefits of CSR do not only aid the M&T Bank’s image, but also the communities it touches. Through their community leadership they ...view middle of the document...

They state, “it is the policy of M&T Bank to provide equal employment opportunities – without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state, or local laws.” In addition to EEO, M&T Bank has made a “commitment” to Affirmative Action Programs that will help them find and train “capable and qualified employees.” ("Equal Employment Opportunity," n.d.)
Finally, to fulfill the whole spectrum of CSR, M&T Bank has demonstrated consistent Voluntary Actions in which they do more than what is expected of them in order to benefit society and the local communities around them. Environmental consciousness is one of the largest facets of those voluntary actions. Through the formation of a senior-level advisory committee, M&T Bank has made it a point to “evaluate green ideas to determine feasibility, cost and priority.” ("Environment," n.d.) Such “green” ideas enacted thus far include direct deposit, electronic statements, web banking options, and Web Bill Pay; all options to do banking online without the waste of paper. Furthermore, in 2011 almost 75 volunteers actively worked to renovate the Baltimore Gwynns Falls Trail by landscaping, building benches, and removing trash for an Earth Day service project.
In addition to “green” actions, M&T has implemented “a diverse range of civic, cultural, health and human service organizations with financial grants, employee volunteerism and in-kind services.” ("The MT Charitable Foundation," n.d.) In 2011, the M&T Charitable...

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