Instructions: Research and identify a global or local company that employs one (1) of the discussed

sustainable practices. Incorporate the following guidelines in your research.

1. Company Background

 HISTORY

Jollibee promises that its food will be of the greatest quality and that customers will receive timely,
courteous service in an atmosphere that is hygienic and friendly to the Filipino palate. It is currently the
biggest fast-food chain in the country. Jollibee Foods Corporation, or JFC, bases its marketing strategy on
being more approachable to Filipino families than its competitors. Jollibee took the deliberate choice to be
passionate or "pam-Pinoy" because it was well known that it was a local nonprofit Filipino trade
organization that had mastered the interesting Filipino palate. As opposed to other establishments where
the group spoke to them in English and where the air might have been more offensive, the chain also
sought out a diverse cross-section of the population that felt at home and exceptionally comfortable in an
environment where they were spoken to in the local dialect.

2. Corporate Social Responsibility

 The sustainable practice of the selected company related to the “Triple Bottom
Line” (TBL).

The environmental pillar and biodiversity of Jollibee analyze potential and current suppliers using
extensive sourcing criteria. They annually update both their environmental monitoring and the specific
sourcing criteria for all of their product categories to ensure that the procurement procedures are still
relevant and consistent with the Group's purpose, vision, and values. They are constantly attempting to
enhance the flavor, shelf life, nutrition, and packaging of their products. Cake, bread, and pastry wastes
are reprocessed to create a feed mix, which increases the amount of material used in our manufacturing
process. They offer meat trimmings to authorized purchasers to resell and reuse new meat products. Also,
in 2019 almost 100,000 kg of materials were saved thanks to the development of spaghetti and chicken
joy boxes, hamburger wrappers, huge order boxes, paper bags, and plastic utensils. To continue reducing
the output of raw materials, they promote environmental awareness among clients, mostly through retail
establishments. At the checkout tables, they place "Skip the Straw: Help Save the Environment" standees
to push customers to use fewer plastics and other non-biodegradable materials. Wherever possible, they
will urge people to avoid using single-use plastics and offer reusable alternatives like bamboo stirrers.
Food packaging using fewer materials would need fewer natural resources, produce less waste for
landfills, and emit fewer greenhouse gases. This reduction benefits people, the environment, and the
Group as a whole because sustainability practices have been proven to promote future growth and provide
long-term value.
3. Corporate Governance

 A brief assessment of the corporate governance initiatives of the selected company.

Mission and risk management of Jollibee Foods Corporation - To support their international growth and
expansion, the Company and its subsidiaries require a thorough corporate risk management strategy. The
Company's basic beliefs and concepts must be firmly incorporated into this strategy, as well as the highest
ethical standards. The organization will be given the ability to better understand and manage risks through
risk management, which will increase its skills for risk detection, assessment, and management. The
Company, together with each of its affiliates, runs quick-service eateries. The quick-service eateries
owned by the company are required to keep their cuisine, service, and cleaning standards high (FSC). In
response, the Company follows strict policies, procedures, and guidelines in its FSC and conducts both
routine and ad hoc audits to make sure that FSC standards are upheld not just in stores but also in
commissaries. The Firm has also put in place a system of incentives to recognize outstanding FSC
performance by retailers. The Company does not engage in any long-term debt or transactions
denominated in foreign currencies that could expose it to interest rate risk and, in turn, foreign currency
risk.

4. Management Lessons Learned

 It must discuss the takeaways from the research.

To make sure that the procurement processes are still applicable and consistent with the Group's mission,
vision, and values, they should yearly update both their environmental monitoring and the particular
sourcing criteria for all of their product categories. Promote environmental awareness among clients,
primarily through retail outlets, to continue reducing the production of materials. This reduction benefits
the people, the environment, and the Group because sustainability policies have been shown to encourage
future growth and offer lasting value. A thorough corporate risk management strategy is necessary for a
corporation and its subsidiaries. This plan must adhere to the highest ethical standards as well as the
fundamental values of the Company. Risk management will improve the organization's capacity for risk
detection, assessment, and management by enabling it to comprehend and handle risks more effectively.

5. Bibliography

 This section must present all the references to accomplish the strategic management
paper. The entire paper must follow the official writing style of the American
Psychological Association (APA).

Refer to this link for APA style guidelines:

https://owl.purdue.edu/owl/research_and_citation/apa_style/apa_style_introduction.html

About Jollibee. Jollibee. (2022, June 30). Retrieved October 23, 2022, from
https://www.jollibee.com.ph/about/