This document summarizes a student's course on corporate social responsibility. It includes: 1. An agenda outlining topics like the principles and nature of CSR. 2. An introduction asking how companies can contribute to society through responsible business practices. 3. A discussion of Carroll's four-part model of CSR including economic, legal, ethical and philanthropic responsibilities.

1. Student: Dilfuza Semenova
Student ID: 91710087
Program: MIFA-60
Study course: Current Issues in Accounting
Lecturer: Kunal Saigal

2. Agenda
1. Understanding Corporate Social Responsibility
2. The principles of Corporate Social Responsibility
3. The nature of Corporate Social Responsibility
4. Globalization and Corporate Social Responsibility
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3. The main question is:
How can companies contribute to “good societies” through “good business”
practices?
Can we say that the Company A is Social Responsible if it creates
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Understanding Corporate Social Responsibility

4. Believe it or not……
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5. It is not only about how they spend the money !
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6. • Corporate social responsibility includes economic, legal, ethical and
philanthropic expectations placed on organizations by society at a
given point in time.
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7. Triple bottom line
- the term was first
introduced in 1994 by John
Elkington . The Triple
Bottom Line (3Ps) represents
company’s measurements in
terms of their economic,
social and environmental
performance.
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8. The principles of Corporate Social
Responsibility.
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9. The nature of Corporate Social Responsibility
Carroll’s four-part model of CSR.
Philanthropic
Ethical
responsibilities
Legal
responsibilities
Economic responsibilities
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Required by society
Required by society
Expected by society
Desired by society

10. “The social Responsibility of business is to
increase its profits.”
Milton Friedman
• Milton’s argument is based on 3 main premises:
1. Only human beings have a moral responsibility for their actions
2. It is managers’ responsibility to act solely in the interests of
shareholders
3. Social issues and problems are the proper province of the state
rather than corporate managers.
But lets look at the most vivid example that refutes Milton’s argument…..
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11. Starbucks Coffee Tax Scandal
Costa Coffee like-for-like sales were up 7.1
percent as it prepares to open 330 new stores
across the world. The company's shares were
up by 3 percent on the London Stock Exchange
in early trading.
International Business Times
December 11, 2012
Despite making billions of pounds in
coffee sales, Starbucks have paid next to
nothing in tax. No laws have been
broken, but customers are furious all the
same.
The Day
Monday, 22 October 2012
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13. Globalization and Corporate Social Responsibility
• Globalization is a process which integrates world economies, culture,
technology and governance.
Globalization affects business ethics in 3
main areas
Culture Law Accountability
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