Preview

Corporate Social Responsibility

Satisfactory Essays
Open Document
Open Document
491 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Corporate Social Responsibility
Corporate social responsibility is a company's obligation to be responsible to all of its stakeholders in all its operations and activities with the aim of achieving sustainable development not only in the economical component but also in the social and environmental dimensions company's stakeholders are all those who are influenced by and can influence a company's decisions and actions, both locally and globally. Business stakeholders include employees, customers, suppliers, community organizations, subsidiaries and affiliates, joint venture partners, local neighborhoods, investors, shareholders, and the environment.
Today's delicate interest in the proper role of businesses in society has been promoted by increased sensitivity to ethical issues. Such sensitive issues like environmental pollution, improper treatment of workers, and defective production leading to customers inconvenience or danger. These are highlighted in the media; government regulation regarding environmental and social issues has increased. Investors have begun to make investment decisions based on social sustainability as well as economics. Many people have become increasingly sensitive to the social performance of the companies from which they buy their goods and services. This growth of industry forces pressure firms to operate in an economically, socially and environmentally endurable way. Once this was done by spending money on community improving projects, delegating scholarships, and encouraging workers to volunteer for reading programs are common examples. For many corporations, community outreach programs create good will in the community this can indirectly increase revenue. The mission of a socially responsible organization is to take into report the full scope of their impact on the surrounding communities and the environment when making decisions most corporate decision have small but significant impacts on there surrounding communities, balancing the needs of company affiants

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Csr in India

    • 399 Words
    • 2 Pages

    With this background, an attempt is made in this paper to comprehend and gain insight into behavior or attitude of companies towards various aspects of social contribution. To perform this study we examined the behavior of the corporates with respect to corporate…

    • 399 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Supporters of narrow view agree that the only role of business is the increase of profits. They believe that caring about the environmental, social and other problems should be the responsibility of government and non-profit making organizations sponsored by governments. (Pontinen J 2013 )…

    • 641 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    This paper is about L 'Oreal, which is worldwide known beauty product brand. Their corporate social responsibility has huge concerns about the globalization. The company is not facing any global problems, moreover, it is trying to make the world better. In addition, L 'Oreal is concerned about the society and environment. Because of these issues the company 's focus is on innovations, saving resources and trying to replace toxic waste usage. In addition, L 'Oréal makes effort associated with its‘ stakeholders; for example, attention to company 's employees and expanding community 's education about relevant issues. Even though the company is engaged to the corporate social responsibility, it has a separate and specific initiative in trying to find a way to replace harmful experiments with animals, and help people with severe skin damages.…

    • 960 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    BASM 580B – Period 5 Instructor: Office: Phone: Email: Office Hours: Angela Kelleher HA 563 (604) 454-2243 Angela.Kelleher@sauder.ubc.ca Wednesdays 5:00-6:00pm, or by appointment…

    • 2002 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Critically analyse and discuss the debates on corporate social responsibility. Take a position on these debates and justify your point of view. Critically evaluate what the implications of your position would be for managers who are concerned about the impact of their organisation’s activities upon the environment.…

    • 637 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Companies in the forestry industry carry out their businesses based on forest resources which are mostly essential elements in maintaining the global ecological balance. Therefore, it is crucial for these forestry companies to consider measures on their corporate social responsibility while pursuing further development in this industry. This report first outlined the corporate social responsibility (“CSR”) issues that may arise from the investment in a privately–owned timber flooring company (the “Company”) in China. Then, it discussed in detail each strategic issue beyond financial concerns that investors should be aware of in this investment.…

    • 420 Words
    • 2 Pages
    Good Essays
  • Good Essays

    They consider an impact on the environment, employees, the communities in which they operate and all other stakeholders in everything they do. They continued to support two corporate charities –Special Olympics Great Britain (SOGB) in the UK and Barretstown in the Republic of Ireland. In 2011 They donated £25,000 to SOGB and €15,000 to Barretstown in the Republic of Ireland. Domino’s is an equal opportunities employer and is committed to investing in team member advancement. They invest a considerable amount of time and resource in ensuring they provide a safe and healthy environment for work. They actively participate with local schools to encourage the development and skills of young people. The Group does not tolerate harassment of any employee. Also they recognise efforts with Delivering More award. This is a quarterly prize of £500 awarded to the store or individual who has gone beyond the call of duty. This can be a charitable activity or it might just be an act of random kindness. So I think, it is a act of extending beyond social responsibility to philanthropy.…

    • 770 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    reports that showcase companies’ social and The Ratings Game environmental good deeds. Of the 250 largest multina- tional corporations, 64% published CSR reports in 2005, either within their annual report or, for most, in separate sustainability reports – supporting a new cottage indus- Measuring and publicizing social performance is a po- try of report writers. tentially powerful way to in uence corporate behavior – Such publications rarely offer a coherent framework assuming that the ratings are consistently measured and for CSR activities, let alone a strategic one.…

    • 851 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    * Synergy Codethic 26000[19] Social Responsibility and Sustainability Commitment Management System (SRSCMS) Requirements — Ethical Business Best Practices of…

    • 4425 Words
    • 18 Pages
    Powerful Essays
  • Satisfactory Essays

    The key is to be able to balance and decide which stakeholders need to be valued more…

    • 1629 Words
    • 7 Pages
    Satisfactory Essays
  • Powerful Essays

    The European Commission has put forward a simpler definition of CSR as “the responsibility of enterprises for their impacts on society”.…

    • 6342 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Labour Welfare means working out things for the well-being of the lab ours. Knowing there wants and enabling them to fulfill there wants.…

    • 3339 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    This dissertation explores the relevance of social corporate responsibility (CSR) to business operations for the purpose of determining its effect on increased sales and increased market share. Companies adopt CSR program to establish an orderly work environment that is conducive to full production efforts and at the same time taking care of the community’s social needs to the best of its financial ability. They need to devote time to the program to inculcate in the minds of community stakeholders about the companies’ desire to uplift living conditions or improve working standards as long as the end-result is work efficiency and productivity in its fullest extent.…

    • 20490 Words
    • 82 Pages
    Powerful Essays
  • Good Essays

    References: Boatright, J. (2009). Ethics and the conduct of business (6th ed.). Upper Saddle River, NJ: Prentice Hall. ISBN: 9780205667505…

    • 621 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Social responsibility has been a term used in business since the 1700’s with to focus then being child labour and increasing working conditions. It was only during the 1970’s when social responsibility gathered pace and a definition was given “The social responsibility of business encompasses the economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time.” (Carroll, 1979) This boost can be explained by certain disasters in history, such as the 1984 gas leak in India, or the 1989 oil spill in the USA. These disasters showed the public the need for corporate management for social and environmental issues. Corporate social responsibility (CSR) more specifically involves businesses to look at all its stakeholder groups and to incorporate their needs and values into the daily decision making processes. This will involve looking at anyone who has an impact on or is impacted on by the business, therefore suppliers, shareholders, customers, local communities, media etc.…

    • 1186 Words
    • 5 Pages
    Powerful Essays

Related Topics