Like many other entities conducting business in Libya, Montreal-based SNC-Lavalin took action to evacuate employees from the country. The company took an additional step of indefinitely removing Libyan projects, representing close to 7 percent of its revenues, from its order backlog.
- Review the definition for corporate social responsibility in your text. In what ways do the actions by SNC-Lavalin satisfy this definition?
- Look at the criteria for evaluating social performance. By removing the Libyan projects from its agenda, SNC is effectively reducing its profitability. In what ways does this action constitute social performance?
- What social responsibility strategy is SNC showing? Defend your position.
SOURCE: C. Wong, “SNC-Lavalin Casts Doubts on Libya Projects,” Globe and Mail (Retrievable online at http://www.theglobeandmail.com/globe-investor/snc-lavalin-casts-doubts-on-libya-projects/article1929926/)