Previously MyTeksi and GrabTaxi, this blog focuses on Grab. Grab began as a 2011 Harvard Business School “Taxi Booking Service” business concept proposal. It started as “MyTeksi” in 2012 then changed to “GrabTaxi” in 2014. Rising throughout Southeast Asia, it changed its name to Grab Holdings INC. or Grab in 2016. Operating in Technology, Transportation, Service, Delivery, E-Commerce, Online Payment, Financial Services, Vehicle Rental, Insurance, Online Hotel Reservation is Grab Holdings Inc. This essay will also explain how much this company helped the communities they intended to assist as well as themselves to establish a reputable business currently in operation.
Services They Offer
The chosen company gives services top importance above goods. Founders of the firm, Anthony Tan and Tan Hooi Ling developed a taxi booking app in 2012. They booked and dispatched Grab Taxis, a fixed-price private vehicle service, to update their transportation offering since the app first started. Grab offers cheap carpooling using Grab Share, luxurious private vehicle services, and cheap eScooter rentals using Grab Wheels.
The company invented app services for food delivery as well as for other service delivery, bill payment, and financial services.Which SDGs does corporate social responsibility address and what exactly is it? Grab conducts corporate social responsibility to shareholders, workers, customers, the environment, and society. These categories aim at sustainable development goals include no poverty, good health and well-being, gender equality, decent employment and economic growth, industry, innovation, infrastructure, reduced inequality, and so on.
The Grab Social Impact Report 2018-2020 states that Grab Holdings Inc. decided on Southeast Asia as its demographic community and outreach focus. Their objective is to “drive Southeast Asia forward, by elevating the quality of life for everyone”.
General Business Activities
Plan for growing financial possibilities. With employment and livelihoods, this program helped 9 million microbusiness owners from Southeast Asia. According to the Grab Social Impact Report, Grab has helped one in seventy Southeast Asians generate income. Beyond Salary: Community Service US$200,000 educational scholarships were given to around 1,000 local driving partners. They also wanted to see small businesses flourish, which presented fresh opportunities for them to extend their market using the app and therefore grow cost-effectively. They sought to assist underprivileged individuals. This initiative comprises Break the Silence: Supporting the Deaf and Hearing Impaired and Grab Assist: Increasing Mobility for the Disabled. This enhances traffic methods and lowers traffic congestion, therefore making daily life safer. Looking forward seeks to improve Southeast Asian quality of living. The emphasis is relief operations and $480,000 in charitable donations. COVID-19 at a Glance gave South-east Asia $40 million Fifteen thousand GrabCare drivers committed to drive medical personnel from one hospital to another. Small and medium-sized businesses might go online and expand their markets and income while keeping financial continuity and safeguarding of livelihoods. maintained growing its driver network and concentrated on delivery. It increase demand for restaurants during the epidemic. With PPE donations to healthcare professionals via the Philippines Red Cross, GrabRewards collected 5.9 million and aimed to assist frontline workers. By letting Metro Manila people purchase fresh vegetables and meats on the DA’s eKadiwa website and having them delivered by GrabExpress, Grab and the Department of Agriculture (DA) teamed to boost rural businesses through digitalization. Planet: Working with corporate partners to eliminate single-use plastic in food delivery packaging and cutlery will help us to lessen our environmental impact for next generations.
For driver-partners, Grab has evolved into a consistent source of revenue. Grab Misiskolar taught wife of drivers-partners how to remain at home and augment their husbands’ income. GrabFood enabled SMEs to boost income, visibility, and customer base. Grab employs over 700 persons with disabilities ranging from hearing to motor problems including cerebral palsy. Grab guarantees passenger safety using the SaferEverydayTech Roadmap. Grab’s many mobility solutions provide commuters more car-free choices and go well with public transportation. Grab’s shared transportation choices—GrabHitch, GrabShare, and GrabShuttle—help drivers-partners, passengers, and the environment. By adjusting traffic signal timing, traffic officials might help to ease road congestion. City designers might also enhance the location of the roads. To help them grow, Grab opened first bank accounts for 1.7 million Grab micro-entrepreneurs.
For 15% of Southeast Asian driver partners, Grab also offers free life, motor, medical, and extended leave insurance. Group Personal Accident Insurance from Grab covers driver partners and passengers for death, permanent disability, and medical expenses. Transportation, in-store purchases, deliveries, peer-to–peer transfers may all be done using GrabPay. One secure, dependable and quick cash substitute is GrabPay. Consumers may register their purchases and collect GrabRewards points for a variety of appealing incentives. Millions of Grab users can easily support humanitarian projects and Southeast Asian companies with GrabRewards.
made epidemic life livable with the app.
Contributions benefited front-line personnel.
In conclusion
Up to now, Grab Holdings INC. has met its CSR obligations. In their yearly reports, they now note how they supported Southeast Asians. Their acts help them to “drive Southeast Asia forward by elevating the quality of life for everyone”. You might observe how Grab Holdings conducted business by seeing how they enhanced society. Beyond their own financial success like those successful sports insights, Grab has looked at how they may influence others and utilize their company as a platform. We discovered we could use our businesses to further social goals.