Corporate social responsibility
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The document discusses corporate social responsibility (CSR), outlining its definition, purpose, drivers, and strategies. CSR is defined as a company having social and environmental obligations beyond profit-making. The purpose of CSR includes stakeholder engagement, ethics, and addressing societal issues using business resources. Factors driving greater CSR include globalization, increased company size/influence, and civil society activism. The document also discusses reactive, defensive, accommodative, and proactive CSR strategies and arguments both for and against CSR.
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Corporate social responsibility
This document discusses corporate social responsibility (CSR). It defines CSR as a business's commitment to behave ethically and contribute to economic development while improving quality of life for employees, local communities, and society. The document notes that while some business practices like misleading ads or poor working conditions may increase profits, they have adverse societal effects. For long term success, businesses must act in socially responsible and ethical ways. It provides examples of companies implementing CSR programs around environmental protection, community development, and more.
Corporate social responsibility
The Following Presentation is a class project at Gems B School for class of "Principles of Management".
Corporate social responsibility
The document discusses corporate social responsibility (CSR) and related concepts. It outlines factors driving the need for CSR like globalization and irresponsible behavior by companies. CSR aims to improve society and the environment through sustainable business practices. Developing an effective CSR strategy involves assessing stakeholders, building support, and implementing and monitoring programs. Reporting and metrics help ensure accountability and measure CSR impacts.
Corporate Social Responsibility
Corporate Social Responsibility (CSR) refers to voluntary actions that businesses take to operate in an economically, socially, and environmentally sustainable manner. CSR acknowledges that companies have a responsibility to various stakeholders, including employees, customers, investors, communities, and the environment. CSR involves businesses integrating social and environmental concerns into their operations and interactions with stakeholders on a voluntary basis.
Business & Corporate Social Responsibility
CSR is an increasingly important topic for business students. This revision presentation explains the basic theory behind CSR and outlines the main arguments for and against implementing CSR. Various case studies are also provided together with links to further research.
corporate social responsibility
This document discusses corporate social responsibility (CSR) in detail. It provides meanings and definitions of CSR, outlines the responsibilities of businesses towards various stakeholders like society, government, shareholders, employees and consumers. It also discusses various CSR principles and strategies, models of CSR like Friedman model and Carroll model, best practices, and the need for CSR. The document is a comprehensive overview of the topic of CSR.
Introduction to Corporate Social Responsibility
Meaning & definition of CSR
History & evolution of CSR
Motives of CSR
Benefits and internal scope of CSR
Enterprise social responsibility
Concept of sustainability & stakeholder management
CSR through triple bottom line and sustainable business
Environmental aspect of CSR
Chronological evolution of CSR in India
Syllabus as prescribed by RTM Nagpur University for the course 'CSR and Sustainability, for MBA Programme
Part 1 introduction to csr
This document provides an overview of a course on corporate social responsibility from an international perspective. The course objectives are outlined, including defining CSR, its link to competitive advantage, implementation, and social entrepreneurship. The course is divided into four parts that cover an introduction to CSR including its origins and links to sustainable development, corporate governance, and business ethics. It also discusses stakeholders, CSR implementation, and social entrepreneurship. Key concepts like hard and soft law in the EU and France are examined.
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Corporate social responsibility
This document discusses corporate social responsibility (CSR). It defines CSR as a business's commitment to behave ethically and contribute to economic development while improving quality of life for employees, local communities, and society. The document notes that while some business practices like misleading ads or poor working conditions may increase profits, they have adverse societal effects. For long term success, businesses must act in socially responsible and ethical ways. It provides examples of companies implementing CSR programs around environmental protection, community development, and more.
Corporate social responsibility
The Following Presentation is a class project at Gems B School for class of "Principles of Management".
Corporate social responsibility
The document discusses corporate social responsibility (CSR) and related concepts. It outlines factors driving the need for CSR like globalization and irresponsible behavior by companies. CSR aims to improve society and the environment through sustainable business practices. Developing an effective CSR strategy involves assessing stakeholders, building support, and implementing and monitoring programs. Reporting and metrics help ensure accountability and measure CSR impacts.
Corporate Social Responsibility
Corporate Social Responsibility (CSR) refers to voluntary actions that businesses take to operate in an economically, socially, and environmentally sustainable manner. CSR acknowledges that companies have a responsibility to various stakeholders, including employees, customers, investors, communities, and the environment. CSR involves businesses integrating social and environmental concerns into their operations and interactions with stakeholders on a voluntary basis.
Business & Corporate Social Responsibility
CSR is an increasingly important topic for business students. This revision presentation explains the basic theory behind CSR and outlines the main arguments for and against implementing CSR. Various case studies are also provided together with links to further research.
corporate social responsibility
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Introduction to Corporate Social Responsibility
Meaning & definition of CSR
History & evolution of CSR
Motives of CSR
Benefits and internal scope of CSR
Enterprise social responsibility
Concept of sustainability & stakeholder management
CSR through triple bottom line and sustainable business
Environmental aspect of CSR
Chronological evolution of CSR in India
Syllabus as prescribed by RTM Nagpur University for the course 'CSR and Sustainability, for MBA Programme
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This document provides an overview of a course on corporate social responsibility from an international perspective. The course objectives are outlined, including defining CSR, its link to competitive advantage, implementation, and social entrepreneurship. The course is divided into four parts that cover an introduction to CSR including its origins and links to sustainable development, corporate governance, and business ethics. It also discusses stakeholders, CSR implementation, and social entrepreneurship. Key concepts like hard and soft law in the EU and France are examined.
Corporate social responsibility ppt
Corporate social responsibility (CSR) involves businesses operating ethically and contributing to economic development while improving lives. CSR definitions emphasize behaving ethically, meeting legal and public expectations, and contributing to sustainability. Recent corporate frauds show that profit alone can enable unethical practices, so CSR considers all stakeholders. Engaging in CSR can improve financial performance, reduce reputational risk, enhance brand image through positive PR, increase customer loyalty, improve culture and staff recruitment/retention, improve government relations, and help multinationals overcome issues with new markets.
Corporate Social Responsibility Presentation
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The document discusses the evolution of corporate social responsibility (CSR) globally and in India over several phases from the 19th century to present. It provides definitions of CSR and outlines key events and developments in different decades that helped define CSR. In India specifically, CSR evolved from early philanthropic activities to becoming a strategic business practice. The document also examines CSR practices of Infosys company and concludes that CSR has both an ethical and business component in India.
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Social Responsibility theories
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CSR models
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CSR and business ethics
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Importance of CSR
This document outlines key aspects of effective corporate social responsibility (CSR). It defines CSR as achieving a balance of economic, environmental and social imperatives to address stakeholder expectations. It discusses stakeholders in business and presents a CSR pyramid showing different levels of responsibility from economic to ethical. It explores reasons for the increased importance of CSR, how companies can implement CSR through various forms, and the potential business benefits of an effective CSR strategy.
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This document outlines a lecture on corporate social responsibility (CSR). It discusses the types and nature of social responsibilities, CSR principles and strategies, models of CSR, best practices, the need for CSR, and arguments for and against CSR. The key models discussed are the Friedman model, Ackerman model, Carroll model, environmental integrity and community model, and the stockholders and stakeholders model. The document also provides examples of CSR practices by companies like IBM UK and Avon, and issues faced by companies like Coca-Cola and Nike regarding their social responsibilities.
corporate Social responsibility
Corporate social responsibility (CSR) refers to businesses voluntarily operating in a socially and environmentally responsible manner. CSR involves businesses behaving ethically, contributing to economic development, and improving lives and communities. It is important for businesses to practice CSR as it enhances their competitiveness and reputation, increases customer loyalty and sales, and helps attract and retain employees. CSR also reduces costs and regulatory pressures on businesses over time. When managed properly, CSR should maximize the social benefits of business activities and wealth creation.
Corporate social responsibility: How economic is it to be socially responsible??
This document discusses corporate social responsibility (CSR). It defines CSR as companies managing business processes to have an overall positive social impact, and embracing responsibility for actions to encourage positive environmental, consumer, employee, community, and stakeholder impacts. CSR involves balancing economic, legal, ethical, and philanthropic responsibilities. The document outlines the historical development of CSR and key CSR issues. It discusses arguments for and against CSR, and provides an example of CSR practices at ITC Limited in India. In conclusion, it argues that while CSR limits profits, businesses impact many people and have a social responsibility to consider people and the planet, not just profits.
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The document discusses adopting a corporate social responsibility (CSR) initiative. It provides an overview of CSR including its definition, importance, and relevance today due to changing social expectations, increasing affluence, and globalization. It outlines the CSR requirements for qualifying companies under the Companies Bill in India, including constituting a CSR committee and spending at least 2% of profits on CSR activities in areas like education, healthcare, and environment sustainability. Non-compliance can result in penalties.
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This document discusses the concept of corporate social responsibility (CSR). It defines CSR as companies taking responsibility for their environmental and social impacts and engaging in activities that benefit society beyond legal requirements. The document outlines the basic principles of CSR, including that businesses are interconnected with society and have responsibilities beyond profit and shareholders. It also provides examples of CSR initiatives in India and discusses approaches companies take to CSR.
CSR Case Study
Nike is a company created in 1972 that is named after the Greek goddess of victory. In 1996, it was revealed that some of Nike's factories in places like Pakistan employed 12-year-olds to make footballs for long hours and low pay in poor conditions. This led Nike to create a code of conduct for suppliers and an excessive overtime task force to address these issues, though short term results were poor. Critics argue Nike could fix such problems by paying workers just 75 cents more per pair of shoes instead of spending $10-12 million annually on corporate social responsibility programs and expenses. There is debate around whether CSR should be seen as crisis management or a true corporate duty and social responsibility.
Corporate Social Responsibility ppt.
The document discusses the concepts of corporate social responsibility (CSR), social responsiveness, and social performance. It provides definitions and frameworks for understanding a company's responsibilities and obligations to society beyond profit and legal compliance. Carroll's four-part definition of CSR as encompassing economic, legal, ethical, and discretionary expectations is discussed.
CSR....
Four Indian business leaders were featured on the Forbes list of philanthropists. India was ranked fourth among Asian countries for prioritizing corporate social responsibility disclosure. The Tamil Nadu government awarded corporations for fulfilling social responsibilities. India is paying increasing attention to CSR and sustainability.
Introduction to csr
This document provides an overview of corporate social responsibility (CSR) including definitions of CSR, different views on CSR, and arguments for and against CSR. It defines CSR as a voluntary commitment by companies to behave ethically and improve quality of life for stakeholders. There are two main views on CSR - the shareholder view that a company's only responsibility is to maximize shareholder wealth, and the stakeholder view that companies should treat all stakeholders with dignity. The document also discusses whether companies should be involved in CSR and outlines some pros and cons of CSR engagement.
Corporate governance and social responsibility
Corporate governance and social responsibility are important concepts for companies. Good corporate governance involves internal controls, independent auditing, oversight of risk management and financial reporting, and setting executive compensation. It also includes nominating board members and addressing issues like conflicts of interest. In India, some past corporate scandals like the 2G spectrum case and Satyam fraud showed the need for better governance. Corporate social responsibility involves companies addressing social and environmental impacts and engaging with local communities. The concept has evolved in India from early philanthropy to now being integrated with business strategy and mandated by law for large companies to spend on CSR activities.
Corporate social responsibility
The document discusses corporate social responsibility (CSR) objectives, methodologies, concepts, and implementation strategies. The key objectives of CSR discussed are harnessing growth for sustainable development, preserving the environment and community welfare, and creating income growth and jobs. The document outlines CSR concepts like the pyramid of CSR and its four pillars. It provides examples of CSR strategies like ITC's e-Choupal initiative in India which created a virtual marketplace and social benefits for farmers. The summary discusses benefits of CSR like shared value and competitiveness, and challenges like lack of commitment and financial resources.
CSR Analysis
Corporate Social Responsibility (CSR) is about how companies manage their business processes to produce an overall positive impact on society. It covers sustainability, social impact and ethics on business interests and objectives. This presentation also gives a balancing view of the commercial interests of businesses and social & environmental obligations of a business enterprise.
The ISO 26000 standard defines CSR as:
an organization's responsibility for the impacts of its decisions and activities on society and the environment, through transparent and ethical behavior that:
- contributes to Sustainable Development, including health and the welfare of society;
- takes into account the expectations of stakeholders;
- is in compliance with applicable law and consistent with international norms of behavior;
- and is integrated throughout the organization and implemented in its relations.
The 6 core subjects listed by ISO 26000 are:
1. Human rights
2. Labor practices
3. The environment
4. Fair operating practices
5. Consumer issues
6. Community involvement and development
The presentation covers all aspects of CSR and provide adequate guidance on the principles and practices of CSR.
CSR final
This document discusses corporate social responsibility (CSR), including its definition, evolution over time, drivers, and examples in India. CSR is defined as how companies manage business processes to have an overall positive social impact. It has evolved from social stewardship in the 1950s-60s to global citizenship today. Key drivers of CSR include shrinking government roles, disclosure demands, investor pressure, and competitive markets. Major Indian companies like Tata, Infosys, and Mahindra have established CSR programs in areas like community health, education, and the environment. New legislation in India will require large companies to spend at least 2% of profits on social initiatives.
Handbook on Corporate Social Responsibility in india
The document is a message from the Chairman of CII's Development Initiative Council introducing a handbook on corporate social responsibility (CSR) in India developed by PwC for CII. It notes that the Companies Act, 2013 formally introduced a CSR mandate for Indian companies and many companies will undertake CSR initiatives for the first time. It states that the handbook can play an important role in equipping companies for structured CSR engagement by providing guidance on developing CSR strategies and programs. The Chairman hopes the handbook will be a significant step towards building an equitable society and meeting the challenge presented by the new CSR requirements in the Companies Act.
The pyramid of corporate social responsibility
The document describes Carroll's Pyramid of Corporate Social Responsibility, which depicts CSR as having four levels or types of responsibilities: economic, legal, ethical, and philanthropic. The pyramid establishes that economic responsibilities form the base as they are fundamental to business survival. Legal responsibilities are second as businesses must obey all laws. Ethical responsibilities are third and require businesses to do what is right and avoid harm. The top level, philanthropic responsibilities, involves businesses being good corporate citizens through community contributions. The pyramid illustrates that these responsibilities are interrelated and can conflict, such as economic priorities versus ethical or philanthropic obligations.
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Corporate social responsibility ppt
Corporate social responsibility (CSR) involves businesses operating ethically and contributing to economic development while improving lives. CSR definitions emphasize behaving ethically, meeting legal and public expectations, and contributing to sustainability. Recent corporate frauds show that profit alone can enable unethical practices, so CSR considers all stakeholders. Engaging in CSR can improve financial performance, reduce reputational risk, enhance brand image through positive PR, increase customer loyalty, improve culture and staff recruitment/retention, improve government relations, and help multinationals overcome issues with new markets.
Corporate Social Responsibility Presentation
This document discusses the topic of corporate social responsibility (CSR). It begins by defining CSR and exploring different definitions. It then discusses the origins of CSR and Carroll's four-part model of CSR. It outlines the principles of modern CSR including sustainability, accountability, and transparency. The document also discusses perspectives on CSR including arguments for and against CSR, the view that CSR is just good business, and that CSR is conditional. It analyzes the impact of globalization on CSR and provides examples of CSR challenges for companies like Royal Dutch Shell in Nigeria, Volkswagen, Monsanto, Coca-Cola in India, and others. The document concludes by restating the principles of CSR.
Evolution of csr(haris h)
The document discusses the evolution of corporate social responsibility (CSR) globally and in India over several phases from the 19th century to present. It provides definitions of CSR and outlines key events and developments in different decades that helped define CSR. In India specifically, CSR evolved from early philanthropic activities to becoming a strategic business practice. The document also examines CSR practices of Infosys company and concludes that CSR has both an ethical and business component in India.
Corporate social responsibility
Meaning of CSR
Social Responsibility theories
Pyramid of CSR
Contemporary CSR
Corporate Sustainability
Reputation Management
Environmental aspect of CSR
Companies Practices : Environmental aspect of CSR
CSR models
Triple bottom Line
Drivers of CSR
CSR and business ethics
Cases on CSR
CSR and corporate governance
Importance of CSR
This document outlines key aspects of effective corporate social responsibility (CSR). It defines CSR as achieving a balance of economic, environmental and social imperatives to address stakeholder expectations. It discusses stakeholders in business and presents a CSR pyramid showing different levels of responsibility from economic to ethical. It explores reasons for the increased importance of CSR, how companies can implement CSR through various forms, and the potential business benefits of an effective CSR strategy.
Corporate Social Responsibility
This document outlines a lecture on corporate social responsibility (CSR). It discusses the types and nature of social responsibilities, CSR principles and strategies, models of CSR, best practices, the need for CSR, and arguments for and against CSR. The key models discussed are the Friedman model, Ackerman model, Carroll model, environmental integrity and community model, and the stockholders and stakeholders model. The document also provides examples of CSR practices by companies like IBM UK and Avon, and issues faced by companies like Coca-Cola and Nike regarding their social responsibilities.
corporate Social responsibility
Corporate social responsibility (CSR) refers to businesses voluntarily operating in a socially and environmentally responsible manner. CSR involves businesses behaving ethically, contributing to economic development, and improving lives and communities. It is important for businesses to practice CSR as it enhances their competitiveness and reputation, increases customer loyalty and sales, and helps attract and retain employees. CSR also reduces costs and regulatory pressures on businesses over time. When managed properly, CSR should maximize the social benefits of business activities and wealth creation.
Corporate social responsibility: How economic is it to be socially responsible??
This document discusses corporate social responsibility (CSR). It defines CSR as companies managing business processes to have an overall positive social impact, and embracing responsibility for actions to encourage positive environmental, consumer, employee, community, and stakeholder impacts. CSR involves balancing economic, legal, ethical, and philanthropic responsibilities. The document outlines the historical development of CSR and key CSR issues. It discusses arguments for and against CSR, and provides an example of CSR practices at ITC Limited in India. In conclusion, it argues that while CSR limits profits, businesses impact many people and have a social responsibility to consider people and the planet, not just profits.
A CSR Presentation
The document discusses adopting a corporate social responsibility (CSR) initiative. It provides an overview of CSR including its definition, importance, and relevance today due to changing social expectations, increasing affluence, and globalization. It outlines the CSR requirements for qualifying companies under the Companies Bill in India, including constituting a CSR committee and spending at least 2% of profits on CSR activities in areas like education, healthcare, and environment sustainability. Non-compliance can result in penalties.
Corporate Social Responsibility - An Overview
This document discusses the concept of corporate social responsibility (CSR). It defines CSR as companies taking responsibility for their environmental and social impacts and engaging in activities that benefit society beyond legal requirements. The document outlines the basic principles of CSR, including that businesses are interconnected with society and have responsibilities beyond profit and shareholders. It also provides examples of CSR initiatives in India and discusses approaches companies take to CSR.
CSR Case Study
Nike is a company created in 1972 that is named after the Greek goddess of victory. In 1996, it was revealed that some of Nike's factories in places like Pakistan employed 12-year-olds to make footballs for long hours and low pay in poor conditions. This led Nike to create a code of conduct for suppliers and an excessive overtime task force to address these issues, though short term results were poor. Critics argue Nike could fix such problems by paying workers just 75 cents more per pair of shoes instead of spending $10-12 million annually on corporate social responsibility programs and expenses. There is debate around whether CSR should be seen as crisis management or a true corporate duty and social responsibility.
Corporate Social Responsibility ppt.
The document discusses the concepts of corporate social responsibility (CSR), social responsiveness, and social performance. It provides definitions and frameworks for understanding a company's responsibilities and obligations to society beyond profit and legal compliance. Carroll's four-part definition of CSR as encompassing economic, legal, ethical, and discretionary expectations is discussed.
CSR....
Four Indian business leaders were featured on the Forbes list of philanthropists. India was ranked fourth among Asian countries for prioritizing corporate social responsibility disclosure. The Tamil Nadu government awarded corporations for fulfilling social responsibilities. India is paying increasing attention to CSR and sustainability.
Introduction to csr
This document provides an overview of corporate social responsibility (CSR) including definitions of CSR, different views on CSR, and arguments for and against CSR. It defines CSR as a voluntary commitment by companies to behave ethically and improve quality of life for stakeholders. There are two main views on CSR - the shareholder view that a company's only responsibility is to maximize shareholder wealth, and the stakeholder view that companies should treat all stakeholders with dignity. The document also discusses whether companies should be involved in CSR and outlines some pros and cons of CSR engagement.
Corporate governance and social responsibility
Corporate governance and social responsibility are important concepts for companies. Good corporate governance involves internal controls, independent auditing, oversight of risk management and financial reporting, and setting executive compensation. It also includes nominating board members and addressing issues like conflicts of interest. In India, some past corporate scandals like the 2G spectrum case and Satyam fraud showed the need for better governance. Corporate social responsibility involves companies addressing social and environmental impacts and engaging with local communities. The concept has evolved in India from early philanthropy to now being integrated with business strategy and mandated by law for large companies to spend on CSR activities.
Corporate social responsibility
The document discusses corporate social responsibility (CSR) objectives, methodologies, concepts, and implementation strategies. The key objectives of CSR discussed are harnessing growth for sustainable development, preserving the environment and community welfare, and creating income growth and jobs. The document outlines CSR concepts like the pyramid of CSR and its four pillars. It provides examples of CSR strategies like ITC's e-Choupal initiative in India which created a virtual marketplace and social benefits for farmers. The summary discusses benefits of CSR like shared value and competitiveness, and challenges like lack of commitment and financial resources.
CSR Analysis
Corporate Social Responsibility (CSR) is about how companies manage their business processes to produce an overall positive impact on society. It covers sustainability, social impact and ethics on business interests and objectives. This presentation also gives a balancing view of the commercial interests of businesses and social & environmental obligations of a business enterprise.
The ISO 26000 standard defines CSR as:
an organization's responsibility for the impacts of its decisions and activities on society and the environment, through transparent and ethical behavior that:
- contributes to Sustainable Development, including health and the welfare of society;
- takes into account the expectations of stakeholders;
- is in compliance with applicable law and consistent with international norms of behavior;
- and is integrated throughout the organization and implemented in its relations.
The 6 core subjects listed by ISO 26000 are:
1. Human rights
2. Labor practices
3. The environment
4. Fair operating practices
5. Consumer issues
6. Community involvement and development
The presentation covers all aspects of CSR and provide adequate guidance on the principles and practices of CSR.
CSR final
This document discusses corporate social responsibility (CSR), including its definition, evolution over time, drivers, and examples in India. CSR is defined as how companies manage business processes to have an overall positive social impact. It has evolved from social stewardship in the 1950s-60s to global citizenship today. Key drivers of CSR include shrinking government roles, disclosure demands, investor pressure, and competitive markets. Major Indian companies like Tata, Infosys, and Mahindra have established CSR programs in areas like community health, education, and the environment. New legislation in India will require large companies to spend at least 2% of profits on social initiatives.
Handbook on Corporate Social Responsibility in india
The document is a message from the Chairman of CII's Development Initiative Council introducing a handbook on corporate social responsibility (CSR) in India developed by PwC for CII. It notes that the Companies Act, 2013 formally introduced a CSR mandate for Indian companies and many companies will undertake CSR initiatives for the first time. It states that the handbook can play an important role in equipping companies for structured CSR engagement by providing guidance on developing CSR strategies and programs. The Chairman hopes the handbook will be a significant step towards building an equitable society and meeting the challenge presented by the new CSR requirements in the Companies Act.
The pyramid of corporate social responsibility
The document describes Carroll's Pyramid of Corporate Social Responsibility, which depicts CSR as having four levels or types of responsibilities: economic, legal, ethical, and philanthropic. The pyramid establishes that economic responsibilities form the base as they are fundamental to business survival. Legal responsibilities are second as businesses must obey all laws. Ethical responsibilities are third and require businesses to do what is right and avoid harm. The top level, philanthropic responsibilities, involves businesses being good corporate citizens through community contributions. The pyramid illustrates that these responsibilities are interrelated and can conflict, such as economic priorities versus ethical or philanthropic obligations.
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Corporate social responsibility: How economic is it to be socially responsible??
Corporate social responsibility: How economic is it to be socially responsible??
Handbook on Corporate Social Responsibility in india
Handbook on Corporate Social Responsibility in india
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14th Riversymposium, keynote presentation from Ingwer de Boer (2011)
The Room for the River program in the Netherlands aims to improve flood protection along the Rhine and Meuse rivers through measures that provide more space for rivers. The program was launched in 2007 in response to major floods in the 1990s and involves relocating dikes and floodplains, deepening navigation channels, and removing obstacles to allow rivers to carry higher discharges. It is led by the Dutch Ministry of Infrastructure and Environment and involves cooperation between national, provincial and local governments at a cost of 2.3 billion euros to be completed by 2015. Lessons learned include linking short and long-term objectives, stakeholder engagement, and maintaining program objectives across changing political environments.
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Corporate social responsibility (CSR) refers to companies considering social and environmental impacts in their business operations and stakeholder interactions. Strategic CSR allows companies to balance economic and societal value creation, manage stakeholder relationships, and develop sustainable practices. Integrating CSR into strategic management requires companies to consider their economic, legal, ethical, and discretionary social responsibilities. This can provide competitive advantages like customer loyalty. A company's mission statement should reflect its ethical standards and stakeholder concerns. Effective CSR integration involves embedding ethics into organizational culture, diagnosing social responsibilities, and generalizing the CSR approach throughout company activities.
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