Harmony in Action: Dannon’s Commitment to Corporate Social Responsibility

Abstract

This study undertakes a thorough examination across three main dimensions in its complete exploration of the Corporate Social Responsibility (CSR) initiatives of the Dannon Company in 2023. The report highlights Dannon's resolute dedication to sustainability and global responsibility by delving into the company's current CSR visions, fundamental values, strategies, and executed activities. The document classifies CSR projects into several stages in accordance with international standards such as SASB, TCFD, and GRI. It addresses potential issues where existing programs may deviate from the overall objective, perhaps causing stakeholders to express concerns about greenwashing. These issues, which are well-supported by data, open the door to suggested fixes, which include both short- and long-term objectives, a well-defined action plan, and a review of important performance indicators. An in-depth cost-benefit analysis provides a thorough understanding of the impact on stakeholders by carefully balancing related expenses against anticipated financial and societal advantages. Beyond financial data, the study seeks to reveal not only the observable results of Dannon's corporate social responsibility initiatives but also the wider societal ramifications of their ethical business practices, positioning CSR as a crucial tenet for successful and sustainable business in the modern environment.