The Ethical And Social Consequences Of Corporate Social Responsibility

Numerous corporations have altered their practices of conducting day-to-day business procedures and manufacturing processes in an effort to decrease their carbon footprint and help uphold sustainability. This is as a result of corporations wanting to take corporate social responsibility into account. Corporate social responsibility emerged from the understanding that corporations need to account for their activities that affect society. The success of a corporation is no longer determined by how much monetary profit it makes, but by how much focus it provides on the affects of their actions on the community, human life and the environment. Corporate social responsibility is defined as a concept whereby companies take on voluntary activities to incorporate social and environmental concerns in their business operations and in their interactions with their stakeholders. Social responsibility has been a concern to many for several years and has become a concern to the business world. This has caused a growing interaction between governments, business and society as a whole. Business are usually primarily concerned with the economic results of their decisions. However, as times have changed, businesses need to also reflect on the legal, ethical, moral and social consequences of their decisions (Anderson 15 find this reading). …show more content…
They comprehend that corporations are the leading institutions on the planet today; therefore, they have to aid in addressing social environmental issues that are affecting humans. This is progressively becoming the ethically directed view of many large multinational companies (Institute of Medicine (US), 2007). Although some corporations are taking action to address many environmental issues, there are still a variety of things that can be