Towards a Model of Social Responsibility for Peruvian Companies in Response to the Covid-19 Pandemic: The Case of FARVET SAC

Martin M. Soto-Cordova, Raquel M. Sotomayor-Parian

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The COVID-19 crisis has brought with it a series of effects beyond the public health implications, others related to socioeconomic factors, as companies have had to reconcile business resilience with social resilience, thus becoming a complex challenge, where Social and business responsibility (CSR) plays an important role because it allows us to know the responsibility that each organization has with the environment in which it operates and with the society of which it is a part. The objective of this study was to identify the response capacity on the social responsibility of Peruvian businesses in the face of the COVID-19 pandemic, analyzing the particular case of the local company FARVET SAC, for which the different CSR activities of five main companies were analyzed. : Buenaventura, San Fernando, Sociedad Agrícola Virú and Arca Continental Lindley, as well as the analysis of the case study, obtaining as results that the types of response by these five companies were classified as selective, supportive and reactive; Regarding the case study, the company's CSR activities were described, with an emphasis on donations of health products, donations in kind, scientific research on COVID-19 and support for its collaborators. Additionally, a CSR model is proposed, based on a strategic organizational program that allows for sustainability to the actions that are being carried out, taking into account CSR indicators that ensure the monitoring of progress and objectives achieved, so that corrective measures or changes strategies can be identified and implemented in a timely manner.

Original languageEnglish
Title of host publication2021 7th Congreso Internacional de Innovacion y Tendencias en Ingenieria, CONIITI 2021 - Conference Proceedings
EditorsVictor Manuel Fontalvo Morales
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781665402217
DOIs
StatePublished - 2021
Externally publishedYes
Event7th Congreso Internacional de Innovacion y Tendencias en Ingenieria, CONIITI 2021 - Bogota, Colombia
Duration: 29 Sep 20211 Oct 2021

Publication series

Name2021 7th Congreso Internacional de Innovacion y Tendencias en Ingenieria, CONIITI 2021 - Conference Proceedings

Conference

Conference7th Congreso Internacional de Innovacion y Tendencias en Ingenieria, CONIITI 2021
Country/TerritoryColombia
CityBogota
Period29/09/211/10/21

Bibliographical note

Publisher Copyright:
© 2021 IEEE.

Keywords

  • COVID-19
  • Corporate Social Responsibility (CSR)
  • company

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