corporate social responsibility finals

csr

encompasses al the practices put in place by companies in order to uphold the principles of sustainable development

sustainable responsible organization

it means that companies need to be economically viable, have a positive impact on society, and respect and preserve the environment

internal
middle
external

the three core focuses of corporate social responsibility

internal area

encompasses all internal strategies and processes that do not reach the public but which are essential for the ethical orientation of the company

the corporate strategy itself

middle area

includes all the fileds that are publicly effective and have a direct effect on the environment and society, but which are still normal part of the working process

includes stakeholders such as employees, quity and debt capital providers, clients, local residents, government agencies, and media

external area

is for all activities that require action: for instance, if a company becomes charitably active and interrupts or adapts its daily work processes

employees

companies have a duty to their employees to ensure a pleasant working environment and to make information sufficiently transparent in terms of career opportunities and hierarchies

equity and debt capital providers

investors have a clear interest nit only in the success of the company, but also in fair cooperation

clients

companies that supply products should not decieve their customers. especially in the case of consumer goods such as food, a company has the responsibility to correctly inform the customer about the preparation and composiiton of the product

social responsibility

to be socially responsiblem an organization or individual should act in a wat that bnefits society and avoid harm

is a moral framework where organizations and individuals strive to act for the greater good and avoid casuing harm to society and the environment

economic, legal, ethical, philanthropic

four kinds of social responsibility based on archie carroll’s pyramid

economic responsibilities

relate to business’ provision of good and services of value to society. Profits result from this activity and are necessary for any other responsibilities to be carried out

it is assumed that corporations will be as profitable as possible, maintain a strong competitive position, and maintain a high level of operating efficiency

legal responsibilities

society expects business to conform to laws and regulations formulated by governments that act as the ground rules under which business must operate

corporations are expected to pursue profits within framework of the law, which establisheswhat are considered fair operations

ethical responsibilities

standard, norms, or expectations that reflect concern for select stakeholder input is fair, just, or in keeping with their moral rights

ethics or values may be reflected in laws or regulations, but ethical responsibilities are seen as embracing the emerging values and norms that society expects of business even if not currently required by law

philanthropic responsibilities

involve beinga good corporate citizen and include active participation in acts or programs to promote human welafre or goodwill

examples are contributions to the arts, charities, and education

people

profit

planet

what are the tripple bottom line

economic sphere or profit

in acapitalsit economy, a firms success most heavily depends on its financial performance

strategic planning initiatives and key business decisons are generally carefully designed to maximize profits while reducing costs and mitigating risk

social or people

the second component of the triple bottom line highlights a business’s societal impact, or its commitment ti people

its important to make the distinction between a firms’ shareholders and stakeholders.

environmental or planet

is concerned with making a positive impact on the planet

companies should identify the impacts of the surrounding environment. 

social responsibility norm

is a societal expectation that people should engage in positive social behavior to contribute to the welfare of their community as a whole

it’s the underlying principle that we should all play a role in making the world a better place

it encompasses the belief that people have a moral obligation to act in ways that ebenfit others, even when there is no direct personal gainaltruisi

altruistic behavior

collective well being

social change and advocacy

empowerment and civic engagement

fostering social capital

addressing social issues

how the social responsibility norm impact our communities? ACSEFA

altruistic behavior

characteriezed by selfless actions that ebnefit others without expecting anything in return

collective well being

when people believe in tehir duty to contribute positively to their community, hey are more likely to work together to address common challenges and improve overall quality of life

social change and advocacy

social responsibility norm can motivate individuals and groups within community to advocate for social and environmental causes

fostering social capital

refers to the social connections,networks and relationships exist within a community

addressing social issues

communities that undersntand what is social responsibility and embarce the social responsibility norm are more likely to address pressing soical isseis such as poverty, homelessness, access to healthcare, and education

volunteering

charitable giving

environmental conservation

mentoring and education

social responsbility norm examples VCEM

CGSR

refers to the system of rules, practicesm and processes by which a company is directed and controlled while simultaneously managing its environmental social, and ethical impact on all stakeholders

strategic management

risk

sustainbaility and environmental responsibility

management fields related to CGSR

strategic management

is the formulation and implmentation of major goals and initiatives taken by a company’s top management on behalf of stakeholders, bases on consideration of resources and an assessment of the internal and external environments

risk management

is the systematic process of identifying, assessing, and controlling threats to an organization’s capital and earnings

sustainability and environmental responsibility

sustainability is the capacity for an organization to endure in the long run by managingits financial, social, and environmental risks, obligations, and opportunities

environmental responsibility is a key pillar of sustainability, focusing on minimizing the negative impact of business operations on the natural world

environmental initiatives

ethical labor practices

community and philanthropic engagement

supply chain responsibility

product or service responsibility

corporate governance and transparency

6 main ares of corporate social responsibility

environmetnal initiatives

reduicng the environmnetal footprint of the company

investing in renewable energy, reducing greenhouse gas emmisions

ethical labor practices

fair treatment and well being of employees, both within the company and accross the entire supply chain

community and philanthropic engagement

giving back to the local and global communities through finanial human resources

supply chain responsibility

ensuring all business partners and suppliers adhere to the company’s ethical, social, and environmnetal standards

product service responsibility

ensuring product and services are safe, reliabke, ethically marketed and beneficial to the consumer

corporate governance and transparency

the system and processes use dto management and direct company with integrity and accountability