Kevin V first IC presentation
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This document discusses sustainability and social responsibility in business. It defines sustainability as actions that do not harm the environment and social responsibility as business decisions that consider social impacts. Businesses implement sustainability and social responsibility due to regulations, community relations, costs/profits, and moral obligations. While challenges exist, companies can work with NGOs and governments to balance economic growth with responding to environmental issues like the tragedy of the commons.
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of previous CSR models and the rationale
for a new model
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Abstract
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emerged in the 1940s, through to contemporary models of CSR.
Design/methodology/approach – By drawing on existing CSR literature the achievements and gaps of
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Findings – Existing CSR models are critiqued as being insufficient in providing an adequate
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demand for CSR is both the most likely and the most effective driver for the implementation of CSR in a
company.
Research limitations/implications – As CSR is rapidly evolving, undoubtedly models will be created
after this paper was written, that, for this reason, are out of the scope of this review.
Practical implications – This paper provides an alternative, more comprehensive and more effective
model of CSR, useful as a tool for academics and business leaders alike.
Originality/value – As the model of CDCR focuses on the conditions under which companies are most
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Keywords Corporate social responsibility, Business ethics, Corporate governance,
Sustainable development, Ethical consumption, Consumerism
Paper type Conceptual paper
T
he concept of corporate social responsibility (CSR) has become an increasingly
common term and conjecture in the political, academic and business realms over the
last century. During this time, it has experienced a period of constant defining and
modelling, re-defining and re-modelling. This paper aims to take the reader on a journey
through the development of CSR, demonstrating what it has achieved and highlighting the
gaps it is yet to fill. The reader will be navigated around the development of CSR since it first
emerged in the 1940s through to four models of CSR that have been more recently created.
These models are a small selection but range from those which have been the most
commonly referred to over the last few decades, such as stakeholder theory (Freeman,
1984) and the ‘‘pyramid of CSR’’ (Carroll, 1991), to the some of the more complex and
contemporary, such as the ‘‘model of sustainable development’’ (Aras and Crowther, 2009)
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are insufficient in providing either an adequate descriptive or normative understanding of
CSR, subsequently a.
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CH 14 SUSTAINABILITY
FOR CS PROFESSIONAL, CA, CMA
Sustainable Development
• Role of Business in Sustainable Development
• Sustainability Terminologies
• Corporate Sustainability
• Corporate Sustainability and Corporate Social Responsibility
• KYOSEI & TRIPLE BOTTOM LINE (TBL)
• One of the fundamental characteristics of a corporate is perpetuity. In the eyes of law, it is treated as a separate legal entity which can hold assets and bear liabilities, can sue and be sued.
• The word sustainable is derived from sustain or sustained. The synonyms of the word sustained as per the Collins Thesaurus include perpetual, prolonged, steady.
• Sustainable development is a broad, concept that balances the need for economic growth with environmental protection and social equity.
• WCED recognized that the achievement of sustainable development could not be simply left to government regulators and policy makers. It recognized that industry has a significant role to play.
• Four fundamental Principle of Sustainable Development- Principle of Intergenerational equity; Principle of sustainable use; Principle of equitable use or intergenerational equity; Principle of integration.
• Corporate Sustainability is a business approach that creates long-term shareholder value by embracing opportunities and managing risks deriving from economic, environmental and social developments. corporate sustainability describes business practices built around social and environmental considerations • Key drivers need to be garnered to ensure sustainability - Internal Capacity Building strength; Social impact assessment; Repositioning capability; Corporate sustainability.
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• In 1999 Elkington developed the concept of the Triple Bottom Line which proposed that business goals were inseparable from the societies and environments within which they operate.
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Corporate Social Responsibility- Microsoft Corporation
This document provides an introduction to corporate social responsibility (CSR). It defines CSR as how firms integrate social, environmental, and economic concerns transparently and accountably to create value for both the business and society. The document outlines key drivers of CSR like sustainable development, globalization, governance, corporate sector impact, communications, and finance. It also discusses the emergence of CSR as a public and business concern from the 1950s to today.
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.
Corporate social respobsibility:Is it positive or negative, Contradictory vie...
This paper emphasizes weather corporate social responsibility is positive or negative,the paper presents concepts, history and definition of social responsibility, finally the paper discusses different arguments that supports or challenges this concept.
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Kevin V first IC presentation
- 1. Sustainability and Social Responsibility By Kevin Villagran
- 2. The Tragedy of the Commons Kristina K. Herrmann Corporate Social Responsibility and Sustainable Development: The European Union Initiative as a Case Study - European Commission mentioned that “Virtually all enterprises use natural resources for their processes and products, create various types of waste, and contribute to the pollution of air, water, and soil” - Businesses are significantly responsible for the global tragedy of the commons
- 3. Sustainability and social Responsibility - definitions Sustainability- doing action that does not cause harm to or benefits the environment. -Charles W.L. Hill, International business - Social responsibility, according to Hill, is “the idea that business people should consider the social consequences of economic actions when making business decisions, and that there should be a presumption in favor of decisions that have both good economic and social consequences” (p.144)
- 4. Why businesses do sustainability/ SR Mark J. Epstein, Making Sustainability Work - 4 different reasons: -Regulation -Community relations -Cost and revenue Imperatives -Societal and moral obligations
- 5. Companies don’t have to do this alone - They can work with many other businesses, as well as NGOs. - Can be from different backgrounds and countries -April Linton: Partnering for Sustainability: Business-NGO Alliances in the Coffee Industry. Figure 1: - Kraft Foods and other companies joining with Rainforest Alliance and working with farms and cooperatives in Central America and Mexico to certified coffee and pay farmers who are doing sustainable practices more money. - organizations working together are how we can deal with the global tragedy of the commons
- 6. Problems with the Sustainability Movement -Zorn and Collins, Debate Over corporate Social Responsibility -“some of these are reflected in what Waddock refers to the ‘darkside’ of CSR/sustainability…. In particular,... she describes the gap between the rhetoric and reality of many companies’ citizenship efforts.” (p.412) - Companies can overestimate themselves and bite off more than they can chew or announce initiative but not take it seriously or not do anything at all.
- 7. Conclusion Sustainability and Social Responsibility are things that many companies are still trying to get a hold of. These concepts will be very important in the future, looking at how companies , NGO’s, governments, academics, and communities together respond to the global tragedy of the commons, and how this will be balanced with economic development and growth.
- 8. Works Cited May, Steve, George Cheney, and Juliet Roper, eds. The Debate over Corporate Social Responsibility. Oxford: Oxford University Press, 2007. Print. Epstein, Marc J. Making Sustainability Work: Best Practices in Managing and Measuring Corporate Social, Environmental and Economic Impacts. Sheffield, UK: Greenleaf Publishing, 2008. Print. Linton, April. "Partnering for Sustainability: Business-NGO Alliances in the Coffee Industry."Development in Practice 15.3 (2005): 600-14. JSTOR. Web. 28 Feb. 2014. Herrmann, Kristina K. "Corporate Social Responsibility and Sustainable Development: The European Union Initiative as a Case Study." Indiana Journal of Global Legal Studies 11.2 (2004): 205-32. Project Muse. Web. 28 Feb. 2014. Hill, Charles W. L. International Business: Competing in the Global Marketplace. 9th ed. New York: McGraw-Hill Irwin, 2013. Print.