Sustainability And Csr Project Sp17 Ba 342 - 1062 Words

Sustainability/CSR Project – SP17 BA 342 Wai Yi Karen Lam Introduction: Discover Financial Services, Inc. (DFS) is an American direct banking and electronic payment services company which was founded in 1985. It provides financial and banking services, such as credit cards, student loans, and home equity loans to businesses and individuals around the globe. DFS issues the Discover card, which is the third largest credit card brand in the United States. It also operates PULSE, Discover Network, and Diners Club International with acceptance in more than 185 countries. Regarding its latest annual report, DFS had a network sales volume of $312 billion, including $118 billion from Discover card sales and a net income of $2.3 billion in 2015.†¦show more content†¦Besides, DFS aims to minimize its impact on natural resources by purchasing paper from suppliers which practice sustainable forestry and are close to DFS’s facilities so as to reduce carbon emission in delivery. Plus, it encourages clients to switch to paperless statements and replaced about 1,400 printers and fax machines with multifunctional devices. The above projects have led DFS to receive Leadership in Energy and Environmental Design (LEED) silver status. LEED is a rating system to assess the environmental performance of a company. URL: https://www.discover.com/company/corporate-responsibility/Discover_Corporate_Responsibility.pdf Community Engagement: DFS strongly believes that giving back to the communities makes the communities and the company stronger. This is the major initiative that strives DFS to continuously contribute to the society. DFS aims to create a brighter financial future, drive success in schools, and show commitments to the community. It supports local communities by adopting a school in every community where it does business. It provides resources and financial aid to fund academic programs. It also encourages its employees to tutor, mentor, and implement interior and exterior beautification projects at those adopted schools. Other than that, DFS donated $115,000 to National Council on Agricultural Life which provides loans for affordable housing, $380,000 to support new established small