Grab, previously MyTeksi and GrabTaxi, is the main focus of this website. Originally proposed in 2011 as a “Taxi Booking Service” at Harvard firm School, Grab is now a fully operational firm. There was a name change from “MyTeksi” in 2012 to “GrabTaxi” in 2014. In 2016, it changed its name to Grab Holdings INC. and began expanding across Southeast Asia. Grab Holdings Inc. operates in several different markets, including those pertaining to transportation, technology, service, online shopping, online payment processing, insurance, and online hotel bookings, just like how casinos operate on online slot games. In building a respectable, functional company, this firm has benefited not just the communities it aspires to serve, but also itself, as this essay will demonstrate.
Products Offered
Products are not as important as services to the selected firm. In 2012, the company’s founders, Tan Hooi Ling and Anthony Tan, created a taxi booking app. Since the app’s launch, they’ve worked with and integrated Grab Taxis, a private automobile service with a set charge, to enhance their mobility choices. Through Grab Wheels, riders may hire electric scooters at affordable prices, while Grab Share provides low-cost carpooling and private transportation services.
Financial, bill-paying, and food-delivery application services were developed by the firm.What exactly is corporate social responsibility, and whose Sustainable Development Goals (SDGs) does it aim to achieve? Shareholders, employees, consumers, the planet, and society are all part of Grab’s corporate social responsibility efforts. Eliminating poverty, improving health and wellbeing, advancing gender equality, providing decent employment and economic growth, enhancing industry, innovation, and infrastructure, and reducing inequality are some of the many categories that aim to achieve sustainable development goals.
Grab Holdings Inc. has focused its community outreach and involvement activities on Southeast Asia, as stated in the Grab Social Impact Report 2018-2020. With this effort, they want to “advance Southeast Asia by enhancing the quality of life for all.”
Executive Management
Formulate a plan to increase potential earnings. Nine million people in Southeast Asia who started their own microbusinesses were able to get jobs and make money thanks to this initiative. One hundred thirty Southeast Asians now have a job, says the Grab Social Impact Report. Going Above and Beyond: Engaging with the Community. Approximately one thousand local driving partners were given educational rewards worth two hundred thousand dollars. They aimed to assist small companies in reaching their full potential by offering creative and cost-effective solutions for them to expand their market reach and grow. For the sake of others less fortunate, they want to provide a hand. Joining together, Break the Silence and Grab Assist will help the deaf and hard of hearing get about more easily. Transportation systems are enhanced and congestion is reduced, leading to an increase in overall safety. Raising living standards in Southeast Asia is one of Looking Forward’s primary goals. The focus is on relief efforts, which include charitable contributions totaling $480,000. Forty million dollars were allocated for Southeast Asia by COVID-19 at a Glance. Transportation of medical staff between hospitals was agreed upon by fifteen thousand GrabCare drivers. By moving their operations online, small and medium-sized companies may reach a wider audience, generate more revenue, and keep their doors open, all while keeping their employees employed. It prioritized delivery and grew its driver network. In the midst of the pandemic, it drove up demand for eating establishments. By helping healthcare professionals donate personal protective equipment (PPE) via the Philippines Red Cross, GrabRewards was able to generate $5.9 million for frontline workers. By partnering with the Department of Agriculture (DA), the eKadiwa website allows residents of Metro Manila to purchase fresh meats and vegetables and have them delivered by GrabExpress. This helps to support rural businesses via digitization. Protecting the environment for the next generation may be achieved by collaborating with other businesses to phase out single-use plastics from food delivery packaging and cutlery.
Grab has established itself as a reliable income stream for driver-partners. Wives of driving partners learned from Grab Misiskolar how to stay at home and earn more money for their husbands. GrabFood assisted SMEs in expanding their consumer base, visibility, and revenue. About 700 individuals with disabilities, including those affecting hearing or mobility (such as cerebral palsy), work with Grab. Grab ensures passenger safety by using the SaferEverydayTech Roadmap. More alternatives to driving are available to commuters via Grab’s diverse mobility options, which work in tandem with public transit. Drivers, riders, and Mother Earth all win with Grab’s shared transportation services: GrabHitch, GrabShare, and GrabShuttle. Traffic officials may be able to alleviate traffic congestion by adjusting the timing of traffic signals. Better road alignment is another potential amenity that urban planners aim to improve. Grab provided first bank accounts to 1.7 million micro-entrepreneurs to aid in their expansion.
Fifteen percent of Grab’s drivers in Southeast Asia are eligible for free health, life, vehicle, and extended leave insurance. Death, permanent disability, and medical expenditures may be covered by Grab’s Group Personal Accident Insurance, which also applies to driver partners and passengers. With GrabPay, you can pay for rides, make purchases at stores, have them delivered, and even send money to friends and family. GrabPay is a fast, reliable, and safe substitute for cash. Shoppers may earn GrabRewards points redeemable for enticing promotions by registering their purchases. Thanks to GrabRewards, a large number of Grab users may quickly and simply support companies in Southeast Asia and humanitarian organizations.
During the outbreak, the program made life simpler.
Frontline warriors benefited from contributions.
So, to review.
The CSR requirements have been satisfied so far by Grab Holdings INC. Their annual reports now include information on the ways they help Southeast Asians. The improvement of everyone’s quality of life is how their efforts contribute to Southeast Asia’s progress. Grab Holdings’ business strategies may be better understood by looking at the positive impact they have on society. Just with great sports insights, Grab has been studying how they can affect people and use their firm as a platform, in addition of their financial triumphs. We saw an opportunity to utilize our company to support charitable organizations.
