Essay On Csr

Essay On Csr
Findings by (Shiqun 2014), states that some organisations identify CSR simply with a social denotation and strongly agree with the idea that they are
not charity organisations and as such should have no obligation to resolve problems in the society. Therefore, the social issues are the responsibility of
governments and not organisations. Referring to a quotation by (Solomon 1993) "there is a contradiction between an endogenous ability to profit and
the company's distribution to society". It is worth noting that CSR implementation and activities come with costs on it. The argument against the
implementation and practice of CSR by organisations most times points to the cost impact. CSR by an organisation will increase operating costs, which
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Wal–Mart subjects its suppliers to strict regulations on product quality and employee working conditions, for example, which add production time
and increase overhead for the suppliers. Their competitors, meanwhile, can operate at lower costs and turn out products more quickly (Bizfluent
2017). The main reason why a business is created is to make a profit. Corporate social responsibility insists on a corporation to make an effort to
look out for stakeholders who are not shareholders only, but who have an interest on what an organization does and the outcomes of what it does.
Despite of that, it's not totally the duty of the organisation to look out for the many people who hold an interest in the work activities. In other
school of thought, it is acknowledged that some organisations are just not prepared to deal with social issues. The need for organisations to confront
societal issues needs the employees to be specifically trained and well knowledgeable about the issues at hand that the society and environment
faces, as this will give them the skills and the knowledge to be prepared to do so. In a nutshell, with the pros and cons of corporate social
responsibilities, it is imperative and beneficial for organisations to engage and embrace corporate social responsibilities (CSR). Organisations that are
socially responsible have better competitive advantages. Organisations involved with corporate social responsibilities are overall winners. CSR not
only makes an
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Corporate Social Responsibility
Living Dangerously in Two Worlds In my paper I will be discussing the topics related to corporate social responsibility. Corporate social responsibility
(CSR, also called corporate responsibility, corporate citizenship, and responsible business) is a concept whereby organizations consider the interests of
society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders,
as well as the environment. This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees organizations
voluntarily taking further steps to improve the quality of life for employees and their families as well as for the local community and...show more
content...
Marks and Spencer is also active in this community through the building of a trade network with the community – guaranteeing regular fair–trade
purchases. Often alternative approaches to this are the establishment of education facilities for adults, as well as HIV/AIDS education programmers.
The majority of these CSR projects are established in Africa. A more common approach of CSR is through the giving of aid to local organizations and
impoverished communities in developing countries. Some organizations do not like this approach as it does not help build on the skills of the local
people, whereas community–based development generally leads to more sustainable development. Some nations require CSR reporting, though
agreement on meaningful measurements of social and environmental performance is difficult. Many companies now produce externally audited annual
reports that cover Sustainable Development and CSR issues, but the reports vary widely in format, style, and evaluation methodology. Critics dismiss
these reports as lip service, citing examples such as Enron 's yearly "Corporate Responsibility Annual Report" and tobacco corporations ' social
reports. Business Benefits The scale and nature of the benefits of CSR for an organization can vary depending on the nature of the enterprise, and are
difficult to quantify, though there is a large body of literature exhorting business to

NAME: SUZANNE BRACCICLASS: BMAL 560SECTION: D05 FALL 2016
Critical Analysis Topic: Benefits of Corporate Social Responsibility in the Pharmaceutical Industry
PRINCIPLE:
п‚§Corporate Social Responsibility (CSR): a corporation should act in a way that enhances society and its inhabitants and be held accountable for any
of its actions that affect people, their communities, and their environments (Lawrence and Weber, 2017, p. 48).
п‚§The U.S. pharmaceutical industry is defined by the Census Bureau as companies engaged in researching, developing, manufacturing, and marketing
drugs and biological for human or veterinary use (Pharmaceutical Industry Profile).
п‚§CSR is rooted in putting the patient in the center and operating a pharmaceutical business that creates outstanding products (Takeda Website).
PRACTICE:
п‚§As corporate social responsibility (CSR) becomes increasingly critical to the sustainability of large pharmaceutical companies, the CSR function
will become central to business strategy and will be led by a new breed of senior executives (Esteban, 2008, p. 77).
п‚§CSR is still at an early stage in its development as a new business discipline.
п‚§It will become increasingly common for the CSR function to be part of Access, as a central part of the Executive Committee's corporate strategy
group.
п‚§Some argue for medication as a basic Human Right no matter their economic status or ability to afford necessary medications (Forman and Kohler,
2012).
PARTICULARS:
п‚§During the

Csr : Corporate Social Responsibility Essay
CSR stands for Corporate Social Responsibility and it is a concept with many definitions and practices and also a buzzword in the media. In general,
corporate social responsibility is the policies and programs of business corporations which tend to benefit society while improving a corporation's public
image and profitability at the same time. The meaning of it is implemented in different countries and companies differently.
Warren Buffet said that it takes 20 years to build a reputation and only 5 minutes to ruin it which means he mentioned the activity of the corporations
here. In accordance with Buffet's dialogue, business should be responsible to the society, environment and towards a sustainable developed planet.
Many names are used to mention CSR such as socially responsible business, responsible entrepreneurship, corporate citizenship, corporate
accountability or corporate sustainability etc. Corporate social responsibility is the continuing commitment by business companies to behave ethically
& contribute to economic development and simultaneously improve the standard of life and quality of life of the workforce & their families, local
communities and the society according to the World Business Council. For example – Eradicating extreme poverty and hunger, facilitating primary
education, promoting gender equality and empowering women, reducing child mortality, making policies for the improvement of maternal health, HIV
/ AIDS, Malaria & other fatal diseases, ensuring

Corporate Social Responsibility ( Csr ) Essay
Abstract:
Corporate Social Responsibility (CSR), a concept that has been around for well over 50 years, has become prominent again recently. Peter Utting
(2005) notes that an increasing number of transnational corporations (TNCs) and large domestic companies, supported by business and industry
associations, are adopting a variety of so–called voluntary CSR initiatives that incorporate, for example, 'codes of conduct; measures to improve
environmental management systems and occupational health and safety; company 'triple bottom line' reporting on financial, social, and environmental
aspects; participation in certification and labeling schemes; dialogue with stakeholders and partnerships with NGOs and UN agencies; and increased
support for community development projects and programes'. The revival of CSR is reflected also in its recent prominence in public debate. CSR
has also generated a very extensive literature in recent times. For example, a search on Google Scholar for the phrase 'corporate social responsibility'
produced 12,500 citations. A more general search of the internet on Google for the phrase 'corporatesocial responsibility' produced 12,900,000 results.
A general search for the phrase 'corporate social responsibility' on Australian sites produced 97,800 hits. This research paper is a conceptual paper
regarding CSR consists the introduction, historical background of CSR, arguments in favour and against CSR also consisting the impact of CSR on
performance of

Essay on Corporate Social Responsibility CSR
Corporate social responsibility 'Corporate social responsibility' (CSR) means that the firm has wider responsibilities in relation to objectives and
people apart from the owners or shareholders (Beal and Goyen 2005). These responsibilities are achieved when the firm adapts all of its practices to
ensure that it operates in ways that meet, or exceed, the ethical, legal, commercial and public expectations that society has of business. Objectives often
associated with CSR include a responsibility to manage natural assets sustainably and not to pollute by chemical discharge, smell, noise, dust or other
irritants; fair treatment of employees and ethical attitude towards clients. The other people include employees, customers, suppliers,...show more
content...
Positive CSR experiences build confidence and goodwill with stakeholders. Many organizations have developed clear CSR efforts as strategic branding
and management approach in achieving a win–win outcome. пѓ Increase market share CSR can improve the company's reputation and branding and
this in turn improves the prospects for the company to be more effective to attract new customers and increase market share. пѓ Improve the efficiency
of the operation The efficiency of a business is about productivity and effective use of resources. CSR can help to increase efficiency through
environment conservation and recycling initiatives, as part of Eco–efficiency strategy. Positive management–employee relations are also crucial in
bringing about good customer service, productivity and product innovation. пѓ Access capital easily Access to capital enables a company to grow and
make timely investment. Companies with good CSR standing are likely able to secure equity and debt capital with most ease. The growth emphasis in
Socially Responsible Investment (SRI) is a clear indication of likely future trends пѓ benefit from HR capital A company's human and intellectual
capital is one of its most valuable assets. Good workplace conditions and relations can help a company to attract, keep and develop human capital,
keeping operations and staff morale high. Employees are more likely to be motivated, committed

Csr Essay
From a business perspective, researchers often argue that Corporate Social Responsibility (CSR) can improve the competitiveness of a company and
that the CSR activities develop a favourable corporate image and their financial performance (Burke & Logsdon 1996). CSR is defined as the
obligation of organisation management to make decisions and take actions that will enhance the welfare and interests of society as well as the
organisation (Samson & Daft 2009). Some say that the significance of social responsibility has been changed up until today in that CSR activity may
not achieve the intended effects and therefore believes that only one social responsibility exists; to use its resources and engage in activities designed
to increase its...show more content...
This shows that the industries are spending majority of their time and effort investing into marketing their products to reach the goal of
profit–maximisation. This illustrates that tobacco companies have no soul and are not ethically concerned and instead, their aim is to increase profits by
investing their assets into marketing. Through this example, we learn that there are exceptions to the extent in which other social responsibilities take
consideration and the reason to the applied example previously is that the industry itself does not match to take responsibility ethically. Furthermore,
some industries are able to increase their wealth and maximise their profits with only taking into account in the ability of using their resources to
maximise profit while disregarding other social responsibilities.
On a generic level, one could argue that complying with legal responsibilities is an intrinsic part of social responsibility (Visser, Matten, Pohl, 2008).
Legal responsibilities are defined as businesses expecting to follow laying down rules, law and regulations (Samson & Daft, 2009). This fundamentally
means that for corporations to be operating, it must comply with the underlying laws and regulations and in addition, must aim to increase profits while
maintaining the function of legal responsibilities. Acorporation abiding or breaking any of the legal

Corporate Social Responsibility : Csr Essay
Table of Content
Executive Summary3
Introduction4
Understanding the Importance of CSR4
Corporate Social Responsibility Audit6
Findings6
Conclusion7
Recommendations7
Reference List8
Executive Summary
After investigating the current situation, I found that the poor working conditions and underpayment reduce loyalty and employees' satisfaction,
employees feeling pressure with high workload and poor working conditions, substandard waste disposal methods caused the pollution which resulted
in damage the image of Brico Devices'. There is a need to create an audit system for reporting our performance. This corporate social responsibility
(CSR) report will contribute to improve Brico Devices' social reputation and increase employees' satisfaction.
Introduction
This report was commissioned by the CEO of Brico Devices, Matthew Flanagan, in order to investigate corporate social responsibility. The report will
introduce the definition of corporate social responsibility [CSR] and explain how the CSR report will contribute to the company's future development.
Based on the company's current issues, recommendations will be provided in the last part of the report to help to improve current practice and build up
business image.
Understanding the Importance of CSR
Corporate social responsibility (CSR) involves organizations taking into account the social and environmental impact of corporate activity when making

What is Corporate Responsibility Essay
What is CSR? CSR or Corporate Social Responsibility indicates the actions or conducts that have strategic importance to companies. CSR has been
defined as a company's efforts or obligations in reducing and getting rid of any detrimental effects on the community and maximizing long–term
beneficial effects to the company and community in which it operates (Mohr et al, 2001, cited Trendafilova et al, 2013). CSR usually starts with the
general emphasis that businesses are not only responsible to generate economic returns for shareholders, but are also responsible to the environment
and to other stakeholders. This is usually known as the "triple bottom line" – the company's returns for investors, the environment and stakeholders
(Markley,...show more content...
This is the direct outcome of pride in the company's practices and products (Hohnen and Potts, 2007). Also, staffs who perceive their company to be
socially responsible will be more committed to the company and out–perform those staffs who perceive a huge deal of irresponsibility. Besides, the
company's performance is likely to improve because employees see a socially responsible organization as a just organization and return this
fairness through dedication and loyalty (Gross, 2011). Another advantage of doing CSR to companies is increased sales and market share.
Consumers prefer to be associated with a firm that is ethical and has a positive image or in other words, does CSR. Various companies have
become innovative and started to contribute a fair portion of their sales to certain cause. This has 2 fold advantages that is, it boost the brand image
and helps in product differentiation and thus increases its sales (Soulace.in, 2014). Nevertheless, there are also undeniably, limitations of doing
CSR. One of the limitations of doing CSR is that doing CSR does not necessarily pay or in other words the money companies put into doing CSR
may not necessarily bring about calculable financial results. One of the reasons why CSR does not necessarily pay is because only some consumers
know or care about the environmental or social records of firms. Practically all goods and services continue to be purchased by consumers on

Corporate Social Responsibility in GRI
SUSTAINABILITY REPORTING AND THE GRI Overview of CSR Corporate social responsibility (CSR) refers to the social and environmental
responsibility policies and practices developed by an organization to increase its positive influence and reduce its negative activity towards society
(Schwartz 2010). Organizations must take responsibility for their actions and all the members of the organization must comprehensively review and
consider all their tasked achievements and contributions. A healthy balance between economic progress, social responsibility, and environmental
protection can lead to a competitive advantage and solidify an organization's place as a corporate citizen (Dickinson, et.al, 2008). Corporate citizenship
goes beyond charitable donations and public relations it is an important determinant of trust in communities in which the organization may operate,
helps attract and retain the best employees, and ensures integration of everyday business operations and corporate goals (Lewis 2011). CSR reporting
is a voluntary disclosure that provides managers and employees with needed information to make decisions that help improve processes and products.
Examples include management earnings forecast, social and environmental reports, information on achieved projects and company targets, and risks
management. Internal reporting provides critical feedback to employees that enables them to see how their individual contributions add to the success
of the organization.

Before we can fully understand Corporate Social Responsibility Reporting (CSR) and its key aspects, we need to first understand the inherent
limitations of annual reports provided by many of the globally listed companies. Everything that we have analysed in the prior week's regarding
IFRS accounting policies, practices and regulations plays a role in the lack of CSR practices of firms. This is because IFRS accounting policies and
regulation only represents a very limited financial or economic view of the operations of these listed companies. There seems to be no accountability
for the impact that these globally listed corporations have on the environment or on society. Therefore, these listed companies only focus on one
bottom line in their annual reports, a bottom line that is based on financial profit only. There also does not seem to be any mandatory IFRS standards
in place to require companies to set aside profits that should be used to repair the negative impacts on the environment, employee rights and conditions
that are consequences of their actions (Taylor, 2016c). In order to determine the 'true and fair' view that external shareholders demand from companies,
there needs to be at least three bottom lines that go beyond purely profits. This triple bottom line (TBLR) should be implemented by all listed
companies as these companies are currently able to treat the majority of their negative environmental activity and societal impacts as externalities. This
means that

Corporate Social Responsibility Essay
Corporate Social Responsibility (CSR) in its most simple of terms is a vision. More specifically, it is a vision that in a way almost minimizes what may
be better for a company's shareholders and investors, and increases its focus on things including the environment, its employees, its role in benefiting
the surrounding communities and society, and more importantly making sure that we can continue to grow, thrive, and be self–sustaining. In short, it
is a business model that puts an emphasis on the future over its profits. CSR comes from an evolving view that current and future generations deem it
unacceptable for businesses and corporations to conduct business under a blanket of secrecy. All the written, and unwritten laws concerning
competition as well as sustainability are being rewritten.
There are numerous factors that are pushing businesses to adopt some sort of CSR model including, but not limited to the shrinking role of
government, demands for greater disclosure, increased customer interest, competitive labor markets, and lastly, supplier relations (Corporate Social
Responsibility, 2013). Despite the potential costs, frustrations, additional work and preplanning of a business adopting a CSR model, it is not without
potential rewards that positively impact the company the environment, and our community. Some ways that an individual business may benefit are
through increased workforce diversity, increased customer loyalty, and the ability to attract and retain

Corporate Social Responsibility : Csr
Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company's decision making. It is
something all corporations need to care about. CSR is when business' or corporations take part in an initiative or campaign for a cause that will
benefit society and/or in some way make the world a better place (Taylor, 2015). Initially,Corporate Social Responsibility started to take shape around
the 1950's, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated
so long ago, it doesn't have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self
benefit as they are in the process of benefitting society.
Introduction to CSR
In todays time, there are quite a few companies that practice Corporate Social Responsibility, including Campbell's. Since the 21st century they have
been practicing CSR (From Soup to ... Corporate Social Responsibility: Campbell's Efforts to Lead the Way, 2009). "We aspire to be leaders in
corporate social responsibility and sustainability. It's an effort that begins at the highest leadership levels of our own company." (Campbell's, 2015). To
this day, Campbell's continuously maintains positive relationships and goals with customers, stakeholders, and even employees (Campbell's, 2015).
Campbell initially came to be in around 1869 (From Soup to... Way, 2009).

Leadership,Ethics&SocialResponsibility–ВвЂђTerm2,2014CSRAnalysisAssignmentSubmittedbyArunSareen:StudentNo.599078Leadership,EthicsandSoc
...show more content...
COGbelievesinworkplacesafety.Ithasregularauditsconductedbybothinternalandexternalauditorstomonitorandevaluatetheworkingconditionsoftheirsuppliers.

Corporate Social Responsibility : Csr Essay
Corporate Social Responsibility (CSR) is becoming an important aspect when it comes to running a business because it shows the people that how
much a company values its customers and its society. CSR is known to be a business approach that contributes to the sustainable development by
providing economic, social and environmental benefits for all shareholders. Nowadays, the majority of the companies are starting to adopt the CSR
approach in their business models due to its benefits such as helping the environment, lowering cost of operation, promoting safe workforce, etc. More
on, the biggest benefit of all is that it makes customers and employees happy, and that brings in more revenue and productivity into the company.
According to an article by better business journey, "88% of consumers said they were more likely to buy from a company that supports and engages in
activities to improve society." This study proves that how much important it is for a company to engage with its customers. When it comes to CSR, the
first company that comes to my mind is the Walt Disney company due to their engagement with the society all over the world. I think Disney has
become one of the biggest company that has embodied the CSR approach in their business model and continuously contributes to society to make the
world a better place. In this paper, I will be focusing on Disney's CSR report and discuss its positive outcomes. What really motivated me about the
Walt Disney company is that it

Bmw 's Corporate Social Responsibility
BMW is one of the most reputable companies of the world. The company has acquired this position without compromising its ethical practices and
commitments to contribute in social and environmental causes. BMW has a commendable record in the area of corporate social responsibility
(CSR). BMW is committed to its CSR responsibilities, and the same is reflected in BMW's CSR activities and programs. BMW has introduced a
variety of activities and programs in order to fulfil its commitment towards corporate social responsibility (Dill, 2014).
At BMW sustainability is regarded as positive contribution towards financial success of the organization. Sustainable development involves the
betterment of all internal and external stakeholders, and ensures success of the company. Sustainable development is the foundation of BMW's
corporate social responsibilities.The compnay also believes that awareness about CSR is also very important in order to implement all CSR programs
efficiently and yielding desired results. They understand their responsibilities toward employees, customers, investors, business partners, society, and
environment. The BMW Group runs different programs for the welfare of its stakeholders (Thauer, 2014).
Under the "Today for Tomorrow" program, BMW runs various activities to promote welfare of its employees. Major elements of the program includes
mixed workload, ergonomic design, capacity optimized rotation, qualification & health equitable work, and focus on

Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company's obligation to be accountable to all of its stakeholder in all its
operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making
decisions, balancing the needs of stakeholder with their need to make profit. A company's stakeholders are all those who are influenced by and can
influence a company's decisions and action, both locally and globally. Business stakeholders include(but are not limited to) employees, suppliers,
customer, community organizations, subsidiaries and affiliates, joint venture partners, local neighborhoods, investors, shareholders(or a sole owner in
case it is sole...show more content...
Some would argue that the only reason to take on social projects is for utilitarian reasons, such as currying favor with the public or with government, or
to improve market standing. Others, such as the philosopher Michael E. Berumen, suggest that a business is property belonging to the owners, not
stakeholders, and that a business is not equivalent to a mini–state for the purpose of creating social justice or carrying out social planning, and that the
owners have the right to dispose of their property as they see fit within the limits of morality, including for profit, social good, or both. Proponents
of CSR would suggest a number of reasons why self interested corporations, seeking to solely to maximize profits are unable to advance the
interests of society as a whole: Corporations care little for the welfare of the workers, and given the opportunity will move production to sweatshops
in less well regulated countries. Unchecked, companies will squander scarce resources. Companies do not pay the full costs of their impact. For
example the costs of cleaning pollution often fall on society in general. As a result profits of corporations are enhanced at the expense of social or
ecological welfare. Regulation is the best way to ensure that companies

Corporate Social Responsibility Of Unilever
1. Introduction Over the past few decades, corporate social responsibility (CSR) have been increasing in importance through the centuries. It is
generally accepted that Unilever have taken actions on social responsibility according to corporation goals. "Corporate Social Responsibility (CSR) is
concerned with the ways in which an organisation exceeds its minimum obligations to stakeholders specified through regulation and corporate
governance" (Johnson, Scholes and Whittington, 2008, page 146). In terms of specific expectation is "corporate social responsibility encompasses the
economic, legal, ethical and philanthropic expectations placed on organisations by society at a given point in time" (Carroll and Buchholtz, 2000, page
35). The...show more content...
Employees is the second priority in Unilever's corporate social responsibility process. They directly to organizational performance in the consumer
goods industry. Investors is the third priority in strategy of Unilever corporate social responsibility, who interested in the consumer goods business
performance and affected to the capital available to fund. For suppliers, they work in partner and have major effect to business capacity, based on
the accessibility of materials for producing consumer goods. Communities is a group of people who interested to environmental protection and
community development to provide feedback to boost corporate and brand image. 3. Corporate Goals Nowadays, population growing so fast affected
to temperature of the world are rising, the gap between poor and rich increasing, water shortages and insufficient in food supplies. To avoid negative
aspects of CSR, company need to use four prevailing justification are moral obligation to make a company reliable to their stakeholder, sustainability to
make a long–term objective which can be use forever, license to make a company respect to regulation and reputation to make a profit for company
(Porter and Kramer, 2006). Unilever have set corporate mission goals in each decade related to those

Reflection On Corporate Social Responsibility
From the beginning of Fall semester BUAD 3111, I was not sure exactly which topic would provide a key learning experience in this class. I must
point out the fact that learning of the impact of Corporate Social Responsibility (CSR) has and will affect me as I develop my career. Based on the
lectures and research to answer the discussion questions, I see the great importance CSR plays in the business world. CSR demonstrates to both
consumers and the media that a company takes an interest in wider social issues that have no direct impact on profit margins. These issues may be
local, national or global, with a concern for the health and wellness of others. Nevertheless, to provide additional insight as to the impact of a company's
CSR policy, I will define CSR and business ethic fundamentals, identify stakeholder's roles, discuss consumers as stakeholders' information issues
/responses and lastly, discuss the natural environment as a stakeholder. In my attempt to further explain, CSR is a model for incorporating ethical
business regulations into a business model. This model provides companies a framework to embrace a responsibility towards the employees,
community, and the environment. In other words, their financial success or profit, their contributions to a livable environment and their contribution to
solving social problems. The business contribution to a charity, cause or community can be a significant amount of charitable funds, product donations
or other ventures. For

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