Barclays Ethical Issues Free Essay Example, 2500 words

The Barclays risk management framework helps the bank come up with activities, tools, arrangements and techniques that can be used to single out manage and monitor real and potential risks that arise due to the changes. The bank is also involved in the managing human rights risks through its environmental and social risk procedures and also be integrating issues concerning human rights in its business decision-making. Transform Program This is as strategic program rolled out in 2013 to act as a vehicle for the banks strategy to reshape the bank in order to generate sustainable revenue and at the same time meet the needs of all its stakeholders. The three phase strategy is aimed at transforming the operations of the bank and gives it a face that is more appealing to the normal person. Summary of the overall ethical policies and CSR actions of Barclays Ethical policies Barclays principles have been based on honesty, integrity and plain-dealing. The bank has been working on rebuilding the trust of its customers, its clients and stakeholders. Butler (2010) says that is important for business to have regular review of its strategies and policies as a way of ensuring the business does not loss contact with the reality in the market. We will write a custom essay sample on Barclays Ethical Issues or any topic specifically for you Only $17.96 $11.86/pageorder now The Transform program from Barclays has the ultimate goal to make Barclays the partner of choice for all its stakeholders, or what the bank refers to ‘Go-To’ bank. Corporate Social Responsibility (CSR) Barclays has been supporting the needs of its clients and the communities whey it has its operations. The Citizenship Plan which was launched in June 2012 has eve loving and developing set of commitments which the bank targets to deliver by the end of this year. Citizenship Plan is made up of three commitments which include: The way the bank does business Contributing to growth Supporting the local communities Analysis of the overall ethical policies and CSR actions of Barclays Ethical policies Barclays bank has a new purpose which is to â€Å"help people achieve their ambitions – in the right way†. The purpose is supported by the following core value: †¢ Respect: respect and value colleagues, and the their contribution to the bank †¢ Integrity: act ethically, fairly, and openly in operations. †¢ Service: put our clients and customers at the centre of operations. †¢ Excellence: utilize skills, energy and available resources to deliver the best results. †¢ Stewardship: passionate about leaving things better than found. Corporate responsibility (CSR) Citizenship plan The bank is implemented Citizenship plan alongside other decision-making tools in order to facilitate its move beyond legal, compliance and regulatory concerns, to put into consideration broader social impacts and opportunities.