SlideShare a Scribd company logo
Student: Dilfuza Semenova
Student ID: 91710087
Program: MIFA-60
Study course: Current Issues in Accounting
Lecturer: Kunal Saigal
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
2
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
3
Understanding Corporate Social Responsibility
Believe it or not……
4
It is not only about how they spend the money !
5
• Corporate social responsibility includes economic, legal, ethical and
philanthropic expectations placed on organizations by society at a
given point in time.
6
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.
7
The principles of Corporate Social
Responsibility.
8
The nature of Corporate Social Responsibility
Carroll’s four-part model of CSR.
Philanthropic
Ethical
responsibilities
Legal
responsibilities
Economic responsibilities
9
Required by society
Required by society
Expected by society
Desired by society
“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…..
10
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
11
12
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
13
14

More Related Content

What's hot

Corporate solution responsibility
Corporate solution responsibilityCorporate solution responsibility
Corporate solution responsibility
Altacit Global
 
Csr and ethics
Csr and ethicsCsr and ethics
Csr and ethics
Aniket Verma
 
Types of social responsibilities
Types of social responsibilitiesTypes of social responsibilities
Types of social responsibilities
AngelinDafni
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
Baibhav Agrawal
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
Karun Mahajan
 
CSR
CSRCSR
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
Syed Muhammad Zeejah Hashmi
 
Overview of corporate social responsibility final work
Overview of corporate social responsibility final workOverview of corporate social responsibility final work
Overview of corporate social responsibility final work
cawuye
 
Branding - CSR version 3.0
Branding - CSR version 3.0Branding - CSR version 3.0
Branding - CSR version 3.0
Timothy Chan
 
Ethics and CSR
Ethics and CSREthics and CSR
Ethics and CSR
CRRC-Armenia
 
Csr
CsrCsr
Why CSR matters To you?
Why CSR matters To you?Why CSR matters To you?
Why CSR matters To you?
PiSlice
 
corporate social responsibility certification
corporate social responsibility certificationcorporate social responsibility certification
corporate social responsibility certification
Vskills
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
Rifat Humayun
 
Corporate social responsibility babasab patil
Corporate social responsibility babasab patil Corporate social responsibility babasab patil
Corporate social responsibility babasab patil
Babasab Patil
 
Corporate social responsibility
Corporate social responsibility Corporate social responsibility
Corporate social responsibility
Preeti Bhaskar
 
Industrial Policies & Corporate Social Responsibility (CSR)
Industrial Policies & Corporate Social Responsibility (CSR)Industrial Policies & Corporate Social Responsibility (CSR)
Industrial Policies & Corporate Social Responsibility (CSR)
HakeemJanMuffaker1
 
Csr & ethics
Csr & ethicsCsr & ethics
Csr & ethics
Digvijaysinh Gohil
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
shrinivas kulkarni
 
Social responsibility of a business
Social responsibility of a businessSocial responsibility of a business
Social responsibility of a business
ShreyaDouglas
 

What's hot (20)

Corporate solution responsibility
Corporate solution responsibilityCorporate solution responsibility
Corporate solution responsibility
 
Csr and ethics
Csr and ethicsCsr and ethics
Csr and ethics
 
Types of social responsibilities
Types of social responsibilitiesTypes of social responsibilities
Types of social responsibilities
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
 
CSR
CSRCSR
CSR
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
 
Overview of corporate social responsibility final work
Overview of corporate social responsibility final workOverview of corporate social responsibility final work
Overview of corporate social responsibility final work
 
Branding - CSR version 3.0
Branding - CSR version 3.0Branding - CSR version 3.0
Branding - CSR version 3.0
 
Ethics and CSR
Ethics and CSREthics and CSR
Ethics and CSR
 
Csr
CsrCsr
Csr
 
Why CSR matters To you?
Why CSR matters To you?Why CSR matters To you?
Why CSR matters To you?
 
corporate social responsibility certification
corporate social responsibility certificationcorporate social responsibility certification
corporate social responsibility certification
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
 
Corporate social responsibility babasab patil
Corporate social responsibility babasab patil Corporate social responsibility babasab patil
Corporate social responsibility babasab patil
 
Corporate social responsibility
Corporate social responsibility Corporate social responsibility
Corporate social responsibility
 
Industrial Policies & Corporate Social Responsibility (CSR)
Industrial Policies & Corporate Social Responsibility (CSR)Industrial Policies & Corporate Social Responsibility (CSR)
Industrial Policies & Corporate Social Responsibility (CSR)
 
Csr & ethics
Csr & ethicsCsr & ethics
Csr & ethics
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
 
Social responsibility of a business
Social responsibility of a businessSocial responsibility of a business
Social responsibility of a business
 

Similar to Corporate social responsibility

ETHICS.pdf
ETHICS.pdfETHICS.pdf
ETHICS.pdf
mskriz
 
Bus106 wk4 ch4 ethics and social responsibility
Bus106 wk4 ch4 ethics and social responsibilityBus106 wk4 ch4 ethics and social responsibility
Bus106 wk4 ch4 ethics and social responsibility
Bhupesh Shah
 
Corporate Social Responsibilty & greening Management.
Corporate Social Responsibilty & greening Management.Corporate Social Responsibilty & greening Management.
Corporate Social Responsibilty & greening Management.
Mutahir Bilal
 
CSR.pdf
CSR.pdfCSR.pdf
CSR.pdf
Ravi narayana
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
Madangki Ramaswaamy
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
Joseph Amukugo
 
Csr
CsrCsr
SOCIAL RESPONSIBILITY AND MANAGERIAL ETHICS CHAPTER 5
SOCIAL RESPONSIBILITY AND MANAGERIAL ETHICS CHAPTER 5SOCIAL RESPONSIBILITY AND MANAGERIAL ETHICS CHAPTER 5
SOCIAL RESPONSIBILITY AND MANAGERIAL ETHICS CHAPTER 5
CHRISTIAN CALDERON
 
Csr mj
Csr mjCsr mj
Corporate social responsibility for CG.docx
Corporate social responsibility for CG.docxCorporate social responsibility for CG.docx
Corporate social responsibility for CG.docx
PARNEETSAINI8
 
corporate social responsibility initiatives between public sector and.pptx
corporate social responsibility initiatives between public sector and.pptxcorporate social responsibility initiatives between public sector and.pptx
corporate social responsibility initiatives between public sector and.pptx
AyaanKhan453492
 
Csr
CsrCsr
CSR activity
CSR activity CSR activity
CSR activity
Arjun Jat
 
SOCIAL RESPONSIBILITY OF BUSINESS
SOCIAL RESPONSIBILITY OF BUSINESSSOCIAL RESPONSIBILITY OF BUSINESS
SOCIAL RESPONSIBILITY OF BUSINESS
Bharath Nair
 
ISR Project
ISR ProjectISR Project
ISR Project
smita sable
 
Mj csr hr
Mj csr hrMj csr hr
CSR; it works and it is highly profitable
CSR; it works and it is highly profitableCSR; it works and it is highly profitable
CSR; it works and it is highly profitable
Corporate Excellence - Centre for Reputation Leadership
 
The Dimensions Of Social Responsibility Essay
The Dimensions Of Social Responsibility EssayThe Dimensions Of Social Responsibility Essay
The Dimensions Of Social Responsibility Essay
Buy Custom Paper Jacksonville
 
UNDERSTANDING SOCIAL RESPONSIBILITY.pptx
UNDERSTANDING SOCIAL RESPONSIBILITY.pptxUNDERSTANDING SOCIAL RESPONSIBILITY.pptx
UNDERSTANDING SOCIAL RESPONSIBILITY.pptx
GiannaBendicio
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
Shahzad Khan
 

Similar to Corporate social responsibility (20)

ETHICS.pdf
ETHICS.pdfETHICS.pdf
ETHICS.pdf
 
Bus106 wk4 ch4 ethics and social responsibility
Bus106 wk4 ch4 ethics and social responsibilityBus106 wk4 ch4 ethics and social responsibility
Bus106 wk4 ch4 ethics and social responsibility
 
Corporate Social Responsibilty & greening Management.
Corporate Social Responsibilty & greening Management.Corporate Social Responsibilty & greening Management.
Corporate Social Responsibilty & greening Management.
 
CSR.pdf
CSR.pdfCSR.pdf
CSR.pdf
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
 
Csr
CsrCsr
Csr
 
SOCIAL RESPONSIBILITY AND MANAGERIAL ETHICS CHAPTER 5
SOCIAL RESPONSIBILITY AND MANAGERIAL ETHICS CHAPTER 5SOCIAL RESPONSIBILITY AND MANAGERIAL ETHICS CHAPTER 5
SOCIAL RESPONSIBILITY AND MANAGERIAL ETHICS CHAPTER 5
 
Csr mj
Csr mjCsr mj
Csr mj
 
Corporate social responsibility for CG.docx
Corporate social responsibility for CG.docxCorporate social responsibility for CG.docx
Corporate social responsibility for CG.docx
 
corporate social responsibility initiatives between public sector and.pptx
corporate social responsibility initiatives between public sector and.pptxcorporate social responsibility initiatives between public sector and.pptx
corporate social responsibility initiatives between public sector and.pptx
 
Csr
CsrCsr
Csr
 
CSR activity
CSR activity CSR activity
CSR activity
 
SOCIAL RESPONSIBILITY OF BUSINESS
SOCIAL RESPONSIBILITY OF BUSINESSSOCIAL RESPONSIBILITY OF BUSINESS
SOCIAL RESPONSIBILITY OF BUSINESS
 
ISR Project
ISR ProjectISR Project
ISR Project
 
Mj csr hr
Mj csr hrMj csr hr
Mj csr hr
 
CSR; it works and it is highly profitable
CSR; it works and it is highly profitableCSR; it works and it is highly profitable
CSR; it works and it is highly profitable
 
The Dimensions Of Social Responsibility Essay
The Dimensions Of Social Responsibility EssayThe Dimensions Of Social Responsibility Essay
The Dimensions Of Social Responsibility Essay
 
UNDERSTANDING SOCIAL RESPONSIBILITY.pptx
UNDERSTANDING SOCIAL RESPONSIBILITY.pptxUNDERSTANDING SOCIAL RESPONSIBILITY.pptx
UNDERSTANDING SOCIAL RESPONSIBILITY.pptx
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
 

Recently uploaded

How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
Vighnesh Shashtri
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Donc Test
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
nimaruinazawa258
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
alexiusbrian1
 
Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trendsUsing Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trends
Labour Market Information Council | Conseil de l’information sur le marché du travail
 
Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!
FinTech Belgium
 
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
5spllj1l
 
falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
falcon-invoice-discounting-a-strategic-approach-to-optimize-investmentsfalcon-invoice-discounting-a-strategic-approach-to-optimize-investments
falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
Falcon Invoice Discounting
 
Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]
Commonwealth
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
rlo9fxi
 
1比1复刻(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书原版一模一样
1比1复刻(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书原版一模一样1比1复刻(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书原版一模一样
1比1复刻(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书原版一模一样
28xo7hf
 
FCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptxFCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptx
nalamynandan
 
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
36 Crypto
 
University of North Carolina at Charlotte degree offer diploma Transcript
University of North Carolina at Charlotte degree offer diploma TranscriptUniversity of North Carolina at Charlotte degree offer diploma Transcript
University of North Carolina at Charlotte degree offer diploma Transcript
tscdzuip
 
RMIT University degree offer diploma Transcript
RMIT University degree offer diploma TranscriptRMIT University degree offer diploma Transcript
RMIT University degree offer diploma Transcript
cahyrnui
 
Detailed power point presentation on compound interest and how it is calculated
Detailed power point presentation on compound interest  and how it is calculatedDetailed power point presentation on compound interest  and how it is calculated
Detailed power point presentation on compound interest and how it is calculated
KishanChaudhary23
 
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
sameer shah
 
Unlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptx
Unlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptxUnlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptx
Unlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptx
cosmo-soil
 
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfOptimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
shruti1menon2
 
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
5spllj1l
 

Recently uploaded (20)

How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt FinancingHow Non-Banking Financial Companies Empower Startups With Venture Debt Financing
How Non-Banking Financial Companies Empower Startups With Venture Debt Financing
 
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...
 
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
Tdasx: In-Depth Analysis of Cryptocurrency Giveaway Scams and Security Strate...
 
Applying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdfApplying the Global Internal Audit Standards_AIS.pdf
Applying the Global Internal Audit Standards_AIS.pdf
 
Using Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trendsUsing Online job postings and survey data to understand labour market trends
Using Online job postings and survey data to understand labour market trends
 
Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!Money20/20 and EU Networking Event of 20/24!
Money20/20 and EU Networking Event of 20/24!
 
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
在线办理(TAMU毕业证书)美国德州农工大学毕业证PDF成绩单一模一样
 
falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
falcon-invoice-discounting-a-strategic-approach-to-optimize-investmentsfalcon-invoice-discounting-a-strategic-approach-to-optimize-investments
falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
 
Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]Economic Risk Factor Update: June 2024 [SlideShare]
Economic Risk Factor Update: June 2024 [SlideShare]
 
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
快速制作美国迈阿密大学牛津分校毕业证文凭证书英文原版一模一样
 
1比1复刻(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书原版一模一样
1比1复刻(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书原版一模一样1比1复刻(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书原版一模一样
1比1复刻(ksu毕业证书)美国堪萨斯州立大学毕业证本科文凭证书原版一模一样
 
FCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptxFCCS Basic Accounts Outline and Hierarchy.pptx
FCCS Basic Accounts Outline and Hierarchy.pptx
 
Discover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive GuidanceDiscover the Future of Dogecoin with Our Comprehensive Guidance
Discover the Future of Dogecoin with Our Comprehensive Guidance
 
University of North Carolina at Charlotte degree offer diploma Transcript
University of North Carolina at Charlotte degree offer diploma TranscriptUniversity of North Carolina at Charlotte degree offer diploma Transcript
University of North Carolina at Charlotte degree offer diploma Transcript
 
RMIT University degree offer diploma Transcript
RMIT University degree offer diploma TranscriptRMIT University degree offer diploma Transcript
RMIT University degree offer diploma Transcript
 
Detailed power point presentation on compound interest and how it is calculated
Detailed power point presentation on compound interest  and how it is calculatedDetailed power point presentation on compound interest  and how it is calculated
Detailed power point presentation on compound interest and how it is calculated
 
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...
 
Unlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptx
Unlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptxUnlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptx
Unlock-the-Power-of-UAN-Your-Key-to-Secure-Retirement.pptx
 
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfOptimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdf
 
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
在线办理(GU毕业证书)美国贡萨加大学毕业证学历证书一模一样
 

Corporate social responsibility

  • 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 2
  • 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 3 Understanding Corporate Social Responsibility
  • 4. Believe it or not…… 4
  • 5. It is not only about how they spend the money ! 5
  • 6. • Corporate social responsibility includes economic, legal, ethical and philanthropic expectations placed on organizations by society at a given point in time. 6
  • 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. 7
  • 8. The principles of Corporate Social Responsibility. 8
  • 9. The nature of Corporate Social Responsibility Carroll’s four-part model of CSR. Philanthropic Ethical responsibilities Legal responsibilities Economic responsibilities 9 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….. 10
  • 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 11
  • 12. 12
  • 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 13
  • 14. 14