Social and Environmental Responsibility Essay

Do firms have social responsibility based on social obligations? In my opinion firms are bound by the employees and society that support a firm. Social responsibility should be a natural obligation for the management team of a firm to be integrated both in their business plan as well as their operations. “Corporate Social Responsibility” can impact profits to the benefit of the corporation and has a positive influence on the society in which they operate. Providing both employment opportunities…

that organizations can take with respect to environmental issues and going green, namely legal approach, market approach, stakeholder approach and activist approach. Each of the approaches shows different level of social responsiveness. In fact, they can be link with the corporate social responsibilities which also divided into four categories: economic responsibilities, legal responsibilities, ethical responsibilities and philantrophic responsibilities. They are correlated to each other. An…

Corporate responsibility is a term that is supplanting the term corporate social responsibility. The ‘social’ is increasingly being omitted in order to emphasize the (claimed) broader responsibilities of business corporations, particularly their responsibilities with regard to the environment. Corporate Social Responsibility has helped several companies to develop and work upon several new core competencies, which enables the corporate to build a special relation with its customers, society,…

Business sustainability is often defined as managing the triple bottom line. This is a process by which companies can refer to the areas such as: profits, people and planet financial, social and environmental risks, obligations and opportunities. These three impacts can also be commonly referred to as profits, people and planets. (Lexicon, Financial Times) Business sustainability requires firms to adhere to the principles of sustainable development. According to the World Council for Economic…

Introduction Allergan, a global pharmaceutical company, promotes the environmental and social wellbeing of the community, workplace, market place, and environment. Headquartered in Dublin, Ireland, Allergan is a part of the United Nations Global Compact. In accordance with the United Nations Global Compact guidelines and their own corporate social responsibility strategy, Allergan’s focus is on the community, environmental protection, and employee health and safety. Disaster Relief-…

Corporate Social Responsibility is a term that is being coined more often in the world of international business today. There are have been raising concerns over the ways in which corporations are In recent years, an increasing number of companies worldwide established and integrated the CSR policy. The number of organizations reporting their financial, social and environmental achievements is increasing as members of the public demand companies to disclose how they conduct businesses in…

What is CSR? Corporation social responsibilities (CSR) has been defined as a company’s ‘’status and activities with respect to its perceived societal obligation” (Brown and Dacin 1997, p 68). In the recent years, CSR has growing to be one of the main reasons why the societies views and actions have changed towards international companies. Approximately, more than 80% of the fortune-500 organizations address corporate social responsibilities issues on their sites (Esrock and Leichty 1998). In…

Corporate Social Responsibility issue has been one of the most discussed topic since early 1950. Recent researches in this respect stated that the description and definition has undergone transformations in terms of practice as well as theoretical part. Initially the concept of Corporate Social Responsibility was limited by philanthropy and afterwards metamorphosed to the focus of establishing healthy business and society relations. This is implied by providing a certain contribution made by a…

various theories on the American economy and business world. In The Social Responsibility of Business is to Increase its Profits, he states that a business main social responsibility is to “use resources and engage in activities,” contributing to an increase in profit without committing fraud. The next article is by Efreeburg, detailing two companies who are the epitome of good social responsibility. Things such as environmental sustainability, employee and customer satisfaction and…

Investing (SI), and its corporate counterpart, Corporate Social Responsibility (CSR) have been widely discussed over the past decades. As an ethically oriented investment strategy when it was founded in1960s, SI (or originally Socially Responsible Investing) gradually shifted to a broader approach including environmental, social, corporate and financial factors in late 1990s. Like its counterpart, early-CSR referred to corporate philanthropy and social relations in 1950s. The concept was…