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Csr Audit of Singapore Airlines

In: Business and Management

Submitted By Srutakirti
Words 4831
Pages 20
UB School of management | Singapore Airlines | Audit of Corporate Social Responsibility | | Team Greatbatch | 12/6/2012 |

Maria Kristic
Chaitanya Pavuluri
Srutakirti Das
Anthony Ilaqcua
Mark Rutecki

Contents Introduction 2 Environment 3 Engine Efficiency and Alternative Fuels 3 Operations and Infrastructure 5 Evaluating Environmental Initiatives 6 Harapan Rainforest Initiative 7 Social Activities: Philanthropic 8 Social Activities: Strategic……………………………………………………………………………………………………………………9 Evaluation…………………………………………………………………………………………………………………………………………..9 Economic Sustainability 10 Conclusion 11 Works Cited 12 Appendix 12

Introduction
Over its 100 year history, the airline industry has been one of the most dynamic and fastest growing industries in the world. More people than ever are flying as air travel has become more accessible and is one of the safest ways to travel. Since 2002 there has been a 61% increase in safety with just 1 accident for every 2.7 million flights. In 2011 alone, 2.8 billion people flew 3.1 trillion miles on routes out of 3,800 commercial airports. 48 million tons of cargo, worth 5.3 trillion was shipped by air, accounting for approximately one-third of world trade. The industry supports 57 million jobs and 2.2 trillion in economic activity (SIA Safety, Security & Environment Dept., 2012).
However, the industry is also one of the most regulated, with many governments being owner/operators and having to supply funding. In the past 20 years that industry has started to shift to privatization which has led to increased competition and ticket pricing wars.
Significant threats such as high fuel prices, environmental events, and regulations threaten the stability of the industry. Fuel prices account for one-third of total operating costs; with a miniscule net profit margin any...

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