SOCIAL RESPONSIBILITY FRAMEWORK

Stakeholder Theory

first introduced by R. Edward Freeman in 1984, suggests that businesses should create value not only for shareholders but for all parties affected by business operations.

ISO 26000

is an international standard that

provides guidance on how organizations can

act responsibly in their operations and

interactions with various stakeholders.

Corporate Social Performance (CSP) Measurement

refers to how a company evaluates and tracks its social, environmental, and ethical responsibilities alongside financial performance.

The triple bottom line

is a business concept that states firms should commit to measuring their social and environmental impact, in addition to their financial performance, rather than solely focusing on generating profit, or the standard “bottom line.”

Profit

The financial returns an organization generates for shareholders.

People

An organization’s commitment to positively impacting society.

Planet

An organization’s effect on the environment.

Integrate CSR into Strategic Planning

means aligning social and environmental goals with business objectives. This approach considers broader stakeholder impact, not just profits, and can boost reputation, attract investors, engage employees, cut costs, and enhance competitiveness.