Corporate Social Responsibility Code of Conduct Dollarama has a very strong sense of corporate social responsibility and their code of conduct and ethics is proof of this. This code applies to all employees of the corporation and the employees are expected to act according to the rules in the code of conduct. “The objective of this Code of Conduct and Ethics (the “Code”) is to provide guidelines for maintaining the integrity, reputation, honesty, objectivity and impartiality of Dollarama.” (Dollarama Code of Conduct and Ethics, 2010) According to Dollarama, the policy mainly deals with but is not limited to these issues stated below. • Conflicts of interest, including transactions and agreements within which a director, executive officer …show more content…
If the vendor cannot meet the vendor code and cannot resolve the problem in a reasonable timeframe, Dollarama will decide may terminate the trade relationship they had depending on the severity of the violation, and the amount of time they neglected the issue. Environmental Responsibilities Dollarama is very concerned about reducing its carbon footprint and delivering the highest quality products in a way has a positive effect in the environment. Dollarama works on ways to reduce the impact they have on the environment be right-sizing their products to reduce product and shipping packaging, which reduces their GHG (greenhouse gas) emissions. Dollarama is also replacing their lighting by changing to environmentally and energy efficient lighting. Dollarama strives to incorporate environmentally friendly technology to safe energy and conserve the environment. …show more content…
Dollarama competes with other stores like dollar tree, which have a similar approach to Dollarama by having prices at approximately $1.25. Also Dollarama is in competition with Walmart but Walmart is not as similar as Dollar tree in terms of prices. Nevertheless, Dollarama’s main competition all strive to reduce prices and maintain exceptional quality, which can be stressful for these companies because when you lower the prices you also lower the profit. So Dollarama struggles to find a balance between competitive prices and profitable prices. Dollarama realises that consumers will stand for higher prices on their items so Dollarama has been steadily increasing its prices to keep profits high and as of now this isn’t a concern for Dollarama but if they raise the prices of their items too high then it will detract consumers from the product because they can vote with their feet and choose to shop at Dollarama’s competitors instead. Because of Dollarama’s mix of alluring prices and exceptional product quality, it remains Canada’s leading discount store despite