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13 Cards in this Set
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Putting an Organization’s Commitment to Social and Environmental Responsibility into Practice Worldwide (not just locally or nationally) |
Global Corporate Citizenship |
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What kind of audit is the following? Company hires and trains its own staff of auditors whose job is to inspect factories—either its own or those operated by contractors—to determine whether or not they are in compliance |
Internal audit |
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What kind of audit is the following? Company hires another organization to carry out the audit and report back to the company |
External or third-party audit |
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What kind of audit is the following? Company gathers information directly from workers using their mobile phones |
Crowd-sourcing audit |
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When a company decides to publicize information collected in a social audit |
Corporate Social Reporting |
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When companies clearly, pre-emptively, and openly report their performance—financial, social, and environmental—to their various stakeholders |
Transparency |
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Refers to the figure at the end of a company’s financial statement that summarizes its earnings, after expenses |
Bottom Line |
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Occurs when companies report to stakeholders not just their financial results—as in the traditional annual report to shareholders—but also their environmental and social impacts |
Triple Bottom Line |
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Stages of Global Corporate Citizenship: Citizenship is undeveloped Legal compliance Defensive One way communication/unilateral |
Elementary stage |
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Stages of Global Corporate Citizenship: Start to adopt policies Interaction with stakeholders Managers are on board/in the loop Philanthropy becomes a focus Reactive |
Engaged stage |
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Stages of Global Corporate Citizenship: Cross-functional coordination Responsive Mutual relationship with stakeholders Reporting efforts |
Innovative stage |
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Stages of Global Corporate Citizenship: Sustainable Triple-bottom line In front of issues Proactive |
Integrated stage |
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Stages of Global Corporate Citizenship: Social change is a major focus Visionary Defining Full disclosure to stakeholders |
Transforming stage |
