GM524: Ethics & CSR Monsanto

Attempts to Balance Stakeholder interests

PREPARED BY : MD. ARAFAT : 1001542070LOHAN : 1001025520SIDHARTH : 1001643545MOBASHER : 1001643395

NASIF CHOWDHURY : 1001439325

Contents Introduction of Monsanto Unethical Culture towards Various Stakeholders Benefits of Growing GM Seeds for Crops Managing Potential harms to Ecosystem using

Roundups Case Video

Introduction to Monsanto Type Public Traded as NYSE Industry Agro business Founded 1901;115 years ago Key people Hugh Grant(Chairman, President and

CEO) Products Herbicides, pesticides, crop seeds Revenue  US$15 billion (2015)

Unethical Culture towards Various Stakeholders Provided Agent Orange during war in Vietnam. Produced the herbicide to kill weeds in the crop as well as

the good plants. Gave an amount of toxic waste into a creek in Alabama

town. Created an open-pit landfills. 1. As a result, affected people health and polluted the

environment 2. Loss the respect toward the government and environment 3. Does not maintain an ethical culture.

Benefits of Growing GM Seeds for Crops The benefits of growing GM seeds for crops is that when you

genetically modify plant seeds you can put herbicides and pesticides in the seeds to prevent bugs from eating them and weeds overtaking them and therefore killing the crop.

Farmers to grow crops more successfully and therefore the farmers are more profitable.

Farmers increase profits by growing crops on land that wouldn’t support traditional seeds

Farmers grow more food in less space using less water Plants that are hardier, more drought resistant, and resistant to

pests present a huge opportunity for farmers in less-developed countries

Negative consequences

GM foods fall into three categories: environmental hazards, human health risks, and economic concerns

The negative consequences of using GM seeds that are genetically modified with herbicides and pesticides is the uncertainty of health consequences of humans consuming the food grown

Harm to other organisms Development resistant of weeds and insects Limited right to reused the seed, Attempting to take over worlds food supply chain and destroying

biodiversity.

Managing Potential harms to Ecosystem using Roundups Monsanto Co. Should change its advertising for

glyphosate- based products, including Roundup, that are misleading.

To manage the potential harm to plant and animal life from using products such as roundup, the government required farms using Monsanto’s GM products to create “refuges”.

Other solutions in order to save the ecosystem can be to educate the farmers about the pros and cons of using herbicide round ups and related products.

Case Video