Stakeholder Inclusiveness
The following report aims at creating new opportunities for the workers and business, they bring in risks. It includes the digital platform as well as the online marketplaces value chain system. The platform allows the people along with the corporate positioned in distant parts to turn performers of global development and expansion. In the discussion section of the paper, it will review and analyse the GRI principles and standard reporting concepts thereby focusing on the externalities created by the ecommerce companies of Hong Kong (Zarra et al., 2019). The selected retail business for this paper is eBay 0and Alibaba. It is a vital action that is necessary for the companies to adopt on the reporting principles if it wants to claim the factors of sustainability.
The standard reporting concept comprise of the factors of stakeholder inclusiveness, sustainability context, completeness and materiality.
Alibaba is a Chinese e-commerce corporation and is also the creation’s main digital connected trade platform. With reference to the stakeholder inclusiveness, it can be analysed that Alibaba has maintained a diversified portfolio as it had remained to be the first Chinese e-commerce platform. The stakeholders of the company had invested in major e-commerce as well as in the retail segment so that they can link the e-commerce business (Neto, Bloemhof & Corbett, 2016). It is further concerned with the people who are combating with poverty. As on December 2017, the company had announced to help RMB10 billion Poverty Relief Taobao Program. However, the aim of the program is to improve the rural education, boasting the e-commerce, providing healthcare services and empowering the women. On the other hand, eBay conducts a responsible business which usually ranges from transparency and trust so that they can boost the social awareness. The shareholders of the business had further invested in the emerging market and made it an AI where they can improve the customer purchasing experience (Burke & Eaton, 2016). The expansion process had led to large investment in Africa, Russia and Latin America.
On the other hand, the social sustainability of Alibaba emphasizes on certain factors and they are recruiting and retaining the best talent as well as foster a see-through work setting through a stress on statement and contribution of work environment. It also empowers the women at workplace, encouraging diversity and also supporting the women entrepreneurship (Feng et al., 2021). As one June 30, 2018, Alibaba suggestions the staffs with recompence and inexpensive benefit. It further invests on recruiting the engineers with specialization in AI, cloud computing, digital media and logistics. Similarly, with reference to the opportunity for all the merchants from low-income countries and leverage the interest to connect with the global economy and grow their business. It is also a responsible business, enabling trust and transparency mechanism in transition to boost the environment awareness. For instance, SGDs 7 is for affordable and clean energy, 15 for life on land and 13 for climatic action which are supporting a determined target of 100% renewable energy which is consumption of 2025 has been set. Every individual project is referred to UN’s sustainability development goals and thus involves the success of one more Global impact goals which is between 2016 and 2020 (Guzsvinecz, Szucs & Sik-Lanyi, 2019). It furthermore performs on the materiality assessment which is founded on social, economic and supremacy pillars. As a consequence, the stakeholders engagement process can be measured as the ESG Materiality Matrix which is built and plotted to be the most significant issue on the map as per the impact on the eBay’s business and the significance of the Stakeholders.
Sustainability Context
With reference to the factor of completeness it can be analysed that Alibaba has a pride in itself with reference to the small merchants who are far-flung consumer and at the same time will assist to increase the efficiency of the business. It had further fought counterfeits as well as IPR protection where the patrons cannot texture or cannot either touch what they are purchasing connected beforehand it can arrive at the doorstep, hence there are many brands that charge online marketplace to facilitate a flood (Xiao Huang, 2015). In this situation, Alibaba had made its priority in order to protect the IPR and had created a security in protecting the brand from being copied. It is further accountable of the information safety group which is responsible for intensive care the company’s overall manufacturing and manufacture, storage, destruction and transmission of data. Thus, the president of every department is accountable for the data safety and the commercial unit has decided upon its experts to oversee the data security. On the other hand, considering the situation of the eBay, it can be stated that the completeness of the company is emphasized upon the programs that is launched by the company (Huang, Zhang & Lee, 2020). For instances, Verified Right Owner (VeRO) Program allows the owners to provide them trade information along with the IPR documentation. The company is further fighting against the wildlife trafficking. eBay is now a part of coalition which is led by the WWF rules based on the personal data, its commitment to uphold the European standard all throughout the world, and the Luxembourg National Data Commission had approved as well as specialized the policy of eBay.
With reference to the GRI principle such as accuracy, balance, clarity, comparability, reliability, timelessness, it assists to ensure the quality of information within a sustainable report and it furthermore emphasize on the stakeholder to make sound and reasonable assessment so that they can take appropriate actions.
Considering the factor of Alibaba’s externalities, it can be stated that it has supported to small and medium enterprises where it had enabled unimportant wholesalers to influence widespread consumers which can growth the competence of the commercial. There are more than 10 million business that is dependent on Alibaba’s retail marketplace platform. On the other hand, the financial affiliate with the Ant Financial which has been providing with credit to around 10 million medium and small size business which is otherwise could not borrow money from bank. On the other hand, with reference to eBay it can be stated that the externalities are initiated by Suppliers Code of Conduct and Ethics (Silva, 2016). The suppliers are encouraged with the subcontractor to implement and acknowledge. The rubrics does not put on to the third-party sellers who are independent and is not subjected to the managers control throughout the stage. With reference to the factor of internationalization, focuses on small business. Hence, subsidiary like Lazada, it is focused on operating e-commerce platform in around six Southeast Asian countries and some of them are Indonesia, Malaysia, Vietnam, Philippines, Singapore and Thailand (Nasar & Kausar, 2019). Furthermore, Lazada has been hosting more than 155000 local and international sellers which us 3000 brands on the platform. It furthermore, boost cross border trade with the Alibaba online business which enables to push the common industry standards and rules, lowering the tariffs as well as harmonization of taxation (Panpan, 2017). Lastly, it can also be analysed that the business took certain step to launch its digital free trade zone in Malaysia. Considering the factor of reliability, Alibaba had launched its green packaging program, which encourages the bio-degradable bags, package recycling bins and tape-free boxes. It had included optimization algorithm which enables to reduces the consumption with an appropriate 15%. With the help of this technology Alibaba is able to deliver more than 250 million cases along with the courier bags in its financial year ending March 2018. eBay factor of reliability can be measured with the factors of forming green economy and aiming for making 100% renewable energy procurement. There are a number of energy efficiency practices which work saving energy, reducing waste and including green building regulations.
Hence, it can be concluded that Alibaba and eBay can enhance the job by making their sustainability efforts transparent by means of launching different sustainable program we=here the respective company can provide with more attention and should evaluate the performance through different performance (Villarroel et al., 2016). However, in these situations a formulation of sustainable development strategy, providing enhanced training services for both the consumers and sellers. These organisations can also consider the implementation of a maintainable expansion process of pointer organization in the upcoming. Furthermore, it can aim to achieve the pay parity as it can represent its key step of assisting the women section of the society towards providing them with employment and ensuring a good sustainability practice.
Conclusion
Hence, it can be concluded that Alibaba’s maintainable growth might reduction brief in numerous ways and approximately of the stakeholders from the value chin of the company might not be included in the company’s sustainable development strategy. However, the program launched by Alibaba assist them to achieve sustainable development and aim to focus more to evaluate different programs of sustainability. On the other hand, eBay’s marketplace operates the program that is used for global shipping system, thereby providing its Global Shipping Program enabling to ship the products domestically and also encourage energy efficient delivery.
Reference
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Feng, Q., He, J., Liao, R., & Lyu, P. (2021). The Analysis for Whether American Alibaba Group is Worth Investing. Frontiers, 2(2).
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Huang, R. H., Zhang, W., & Lee, K. S. C. (2020). The (re) introduction of dual-class share structures in Hong Kong: a historical and comparative analysis. Journal of Corporate Law Studies, 20(1), 121-155.
Nasar, M., & Kausar, M. A. (2019). Suitability of influxdb database for iot applications. International Journal of Innovative Technology and Exploring Engineering, 8(10), 1850-1857.
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Panpan, Z. (2017). Equity incentive system in Alibaba, Tencent and Baidu (Doctoral dissertation).
Silva, A. T. N. B. C. D. (2016). Unveiling the features of successful ebay sellers of smartphones: a data mining sales predictive model (Doctoral dissertation).
Villarroel, L., Bavota, G., Russo, B., Oliveto, R., & Di Penta, M. (2016, May). Release planning of mobile apps based on user reviews. In 2016 IEEE/ACM 38th International Conference on Software Engineering (ICSE) (pp. 14-24). IEEE.
Xiao Huang, F. (2015). New York vs. Hong Kong-A Burst of Regulatory Competition: The Listing of Alibaba. University of Leicester School of Law Research Paper, (15-22).
Zarra, A., Simonelli, F., Lenaerts, K., Man, L., Baiocco, S., Shenglin, B., … & Kilhoffer, Z. (2019). Sustainability in the Age of Platforms. CEPS Special Report. June 2019.
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