Task 1: Examining Corporate Sustainability Reports (15 pts)

Corporate sustainability reports vary greatly across companies and industries. Select
two companies that interest you and conduct an online search to find their corporate
sustainability report. (If one or both of the companies you selected do not issue a corporate
sustainability report, then select a different company that does issue such a report.) You can
either scroll through the corporate sustainability reports for the two companies you selected or
you can download them onto your computer and scroll through the downloaded reports. Note:
Completing the requirements under this task by answering from the perspective of an BS
Accounting Information System student, is highly encouraged.

Required:
1. Identify and briefly explain three similarities between the two corporate sustainability
reports.
The San Miguel Food and Beverage, Inc. (SMFB) and Jollibee Foods Corporation are
both inclined on improving and making an impact on the quality of life of its stakeholders
through its philanthropic initiatives. Primarily, the following are the similarities of activities
between the two corporate sustainability reports of the two firms:
San Miguel Food and
Similarities Jollibee Foods Corporation
Beverage, Inc.
1) Educational Karunungan is one of SMFB’s Jollibee Foods Corporation (JFC)
assistance/support Handog program subcategories has the Jollibee Group
for the unprivileged that renders support to the youth Foundation (JGF) as its affiliation
youth like scholarship programs. And to executing programs on one of
last 2017, two students under its social responsibility,
this program has graduated, and education. And this Foundation
one of them is currently a CPA. established an Access,
Moreover, SMFB also provided Curriculum, and Employability
annual financial assistance, full (ACE) Scholarship Programs in
tuition, monthly income, book partnership with technical-
allowance, and free training to vocational skills training
select college students from institutions for those unprivileged
various universities. They also young individuals. Primarily, the
sponsored educational supplies core courses offered in this ACE
and gave financial aids for the Scholarship Programs are agri-
rehabilitation of 12 schools in related and technical-mechanical.
 the country. After the scholars graduated, JFC
even provides further practical
on-the-job training with its
industry partners.
2) Livelihood initiatives Kabuhayan is also one of JGF bridged the gap between our
and opportunities SMFB’s Handog program vulnerable farmers by launching
subcategories which is meant to the Farmer Entrepreneurship
present and promote Program (FEP) last 2008.
sustainable livelihood programs. Primarily, this program is meant
Their latest project was in two to aid the farmers to have better
barangays in Tagoloan, Misamis mobilize resources and provide
Oriental. adequate training for them to
gain excellent marketing and
technical skills or expertise.
3) Feeding programs SMFB is also committed to JFC launched the Busog, Lusog,
promoting the significance of Talino (BLT) School Feeding
nutrition and health, especially Program in support of DepEd’s
among children. With this, they initiatives on decreasing the
launched nutrition feeding percentage of malnutrition among
programs, provided adequate children. They introduced the
medical missions, and initiated a BLT kitchen to provide healthy
seminar with the teachers and lunch meals for the children and
parents with regards to food taught the volunteer parents with
safety and the proper regards to the proper food
preparation and cooking of preparations.
healthy meals.

2. Identify and briefly explain three differences between the two corporate sustainability
reports.
The following are the differences between the two corporate sustainability reports of the
two well-known companies:
San Miguel Food and
Differences Jollibee Foods Corporation
Beverage, Inc.
1) Program coverage In their CSR, they have only Unlike San Miguel, Jollibee
specified few places covered has been detailed with areas
by their programs. And these covered by their programs
are the places in the Metro, and it has more places
Sumilao in Bukidnon, and compared to San Miguel.
Tagoloan in Misamis (See the pictures provided
Oriental. But still, they have below this table to see the
indicated generally that many current geographical areas
barangays benefited with reached by Jollibee Group
their initiatives. Foundation)
2) Partners in the programs SMFB has not indicated with Jollibee Group Foundation
its CSR any formed has formed partnerships in
partnerships in executing its executing its programs. For
programs. instance, Bureau of Plant
Industry, DA Region III and
Singapore Polytechnic (SP)
for their Farmer
Entrepreneurship Program.
While technical-vocational
skills training institutions and
Anihan Technical School in
Calamba, Laguna for the
ACE Scholarship Program.
3) Foundation handling In the CSR of San Miguel While for Jollibee Foods
programs and/or initiatives Food and Beverage Inc., they Corporation, they founded
haven’t formed any Jollibee Group Foundation to
foundation within their be their social responsibility
company that would solely arms in implementing and
handle all their humanitarian overseeing their programs.
movements.
3. What do you believe is the greatest strength of each corporate sustainability report?
The greatest strength of San Miguel Food and Beverage, Inc.’s CSR is its transparency
on presenting their commitment in executing their responsibilities through the Handog program
that has five subcategories, mainly, Karunungan, Kalusugan, Komunidad, Kalikasan, and
Kabuhayan. Primarily, they have written brief and clear descriptions with their activities for each
of the subcategories, and they have honestly included in their report the results of their
initiatives. And fortunately, the outcomes of their value of malasakit has grown an impact in the
environment, and with the lives of the people that were covered by the program. On the other
hand, Jollibee Foods Corporation CSR’s greatest strength would be the adequate information
and creativity of its presentation which made it appealing to browse and read. They have
comprised adequate pictures of their activities and even documented the stories whom they
reached for help. And that documentary showcased how these individuals were grateful that
Jollibee has been continually making a difference within their lives.

4. What do you believe is the greatest weakness of each corporate sustainability report?
With San Miguel Food and Beverage, Inc.’s CSR, its greatest weakness would be the
lack of presenting pictures of their activities, which could potentially strengthen their claims of
the results of their philanthropic movements. Whereas, for Jollibee Foods Corporation’s CSR, its
weakness would be the inability to provide in-depth information with regards to the results of
their programs. If not improved, these weaknesses could cause skepticism among its
stakeholders, especially with its investors.

5. Assume that you are able to provide the executive team at each company with one
suggestion for improving its next corporate sustainability report. Briefly explain your
suggestion for each company's executive team.
 For San Miguel Food and Beverage, Inc., they could provide photographs for each of the
subcategories under their Handog program. The documentation should be in an organized and
creative manner, and there should be accurate and brief descriptions. With this, it could aid their
corporate sustainability report to be more appealing. Also, this is to prove the effectiveness and
truthfulness of their activities for the people and the environment. While for Jollibee Foods
Corporation, I would suggest that they should also consider the evaluations of its stakeholders
with regards to its responsibilities. It is for the Jollibee Group Foundation to gain wider
perspective and better implementation of suitable programs or activities upon improving the
lives of the people. Hence, it could gradually eliminate the social problems that halt the
unprivileged individuals to obtain the necessary development and growth.