Difference Between Corporate Social And Environmental Responsibility

Corporate social and environmental responsibility The term corporate social responsibility (CSR) appears for the first time in early 1970. Since then, it continues to develop and have different definitions and perceptions among private and government sector, and civil organizations. Corporate responsibly in relation to internal stakeholders and shareholders on local and national level, as well as, performance in serving the society and global community are the most common perspectives accepted by monument and individuals. “The first perspective includes ensuring good corporate governance, product responsibility, employment conditions, workers’ rights, training and education. The second includes corporate compliance with relevant legislation, and the company’s responsibility as a taxpayer, ensuring that the state can function effectively. The third perspective is multi-layered and may involve the company’s relations with the people and environment in the communities in which it operates, and those to which it exports” (Mazurkiewicz, 2004). Additionally, the protection of environmental resources and its implementation in CSR is …show more content…
Such approaches are opportunities for corporate entities because they rise competitiveness, reduce costs, build strong marketing and increase employees’ motivation. Difference in input markets, also, provides motivations for green strategic planning. In the labor market, for instance, employees want to feel good on their working place and when companies make environment commitment to their employees. According to Brekke and Nyborg, “If such morally-motivated employees are also less likely to shirk their job responsibilities, then companies can profitably screen for them by adopting socially responsible practices”( Earnhart, Khanna, Loyn,