Corporate Social Responsibilities

In my paper I will be discussing the topics related to corporate social responsibility. Corporate social responsibility (CSR, also called corporate responsibility, corporate citizenship, and responsible business) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment. This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees organizations voluntarily taking further steps to improve the quality of life for employees and their families as well as for the local community and

Corporate social responsibility incorporates environmental, social, and economic dimensions that provide leadership and differentiation opportunities for perceptive organizations. However,

Sustainable development is very important to our human being, meanwhile, it is one of the most significant developments for a company. The meaning of sustainable development is a “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” (Strange and Bayley, 2008, P24). Sustainable development actually is a synthesis that trying to find the way which can most benefit our current generation and future generation, thus, we have to consider the 3 pillars which are society, environment and economy because they are the three main aspects of human development. For example, we need an appropriate planet for us to stay and raise the food firstly, and in order to maintain equity and stability of the society, we have to balance work, culture and others which are related to people. Also, since these three pillars are interconnected, the economic pillar is very important,

Corporate Social Reasonability is a commitment by a corporation to develop socially responsible policies in the areas of work and family life, community welfare, ecology and human rights. Business today has recognized that in order to be successful they must earn the respect and confidence of their customers.

CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions, balancing the needs of stakeholder with their need to make profit.

The concept of social responsibility likely has its roots in the Puritans and Quakers teachings of the 16th and 17th centuries. Puritans characterized humanity negatively, believing humankind to be hopelessly sinful. Quakers held a positive view, believing that of there is God (good) inside everyone. According to Heald [1970], corporate managements began to demonstrate social responsibility by considering community welfare as a whole in their goals to maximize profits and shareholders value. Shareholder response to social responsibility became more prominent during the 1980s. Broyles [1998] highlighted the role of shareholder activism, which was responsible for ending U.S. corporations’ involvement in South Africa during Apartheid. As a result, many management teams incorporated corporate social responsibility (CSR) into their management philosophy. At the time, CSR’s benefit to shareholders was debated widely. Those against CSR, used agency theory and the statement by Friedman [1970] which argues that the only social responsibility of business is to increase its profits, known commonly as the shareholder model of business. For investors, CSR can be viewed either through a Puritan or a Quaker lens. They can invest in firms that promote social responsibility (a Quaker approach) or divest in firms that are socially irresponsible (a Puritanical approach). Initially, religious organizations began to shun investing in corporations whose businesses involved

Social obligation is a thought that has been of worry to humankind for a long time. In the course of the most recent two decades, be that as it may, it has happened to expanding worry to the business world. This has brought about developing communication between governments, organizations and society all in all. Previously, organizations basically fretted about the financial consequences of their choices. "Today, notwithstanding, organizations should likewise think about the legitimate, moral, good and social results of their choices" (Anderson 15). This paper will talk about the idea of corporate social obligation. It will examine the significance of partnerships setting up corporate social obligation ventures, and the effect these have on society.

As we all know, corporate social responsibility is a discipline in business practices. This is one of the business practice sector that is most demanding and constantly changing sector in business enterprise. Because of these demanding tasks that corporate social responsibility has posed on business, business leaders or stakeholders has been faced with the responsibility of bringing a favorable environment for business activities. The prospect of corporate social responsibility became famous in the 1960s. Many companies have used this term in an unlawful manner to benefit the business responsibility rather than overall business welfare, which it is meant for (Ferrell 2014, pp. 3-17).

Corporate Social Responsibility (CSR) has gained a reasonable reorganization in the world of business. Organizations are now voluntarily putting their money in the public cause’s way more than they are required or forced by the law and proud present their doing their annual reports

Supply Chain Responsibility is or at least should be part of a company’s Corporate Social Responsibility (CSR) strategy. CSR is a strategy that managers use to monitor, maintain, and often times improve the environmental and social impacts of their companies as well as how they interact with all of their stakeholders not just the shareholders for which their operations effect. Managers should use their CSR plains to balance the expectations of their often competing stakeholders with their environmental, social, and economic goals. Some fundamental CSR concerns are stakeholder engagement, environmental impact, responsible sourcing of raw materials, standards and working condition of the labor force, social and gender equity as well as good governance and anti-corruption control. CSR approaches focus on what is called a Triple Bottom Line for measurable results. The three measures are profit which is the economic value that a company creates, social which is the how the company treats its labor force and the communities for which it operates in and environmental which is how the company is engaged in the creation and application of sustainable practices that produce reductions or eliminates environmental impacts.

The essential aim is to hold corporations responsible for their actions and encourage a positive result through their business activities that affect communities, stake holder, consumers and society.

The perceptivity of sustainability is both in the sense of achieving long-term success and as survivability of a corporation (Zink, Steimle & Fischer 2008). Dunphy, Griffiths and Benn (2003) conceive corporations as channels of social purpose, constructed within society to attain useful social objectives. Henceforth, corporate social responsibility commits a significant role towards the sustainability of corporations. Both corporate social responsibilities and sustainability, and its related concepts influence all aspects of business. Chandler and Werther (2010) acknowledge the understanding of corporate social responsibilities as an

Its not a secret that the fish population is in dramatic decline for the last 10 years. So as an international company Lidl really cares about following the international policies regarding ethic method of fishing, illigal fisheries, dolphin-friendly tuna. It also ensure that all the fish they offer to the customer, is caught under socially acceptable conditions.

Corporate Social Responsibility (CSR) an essentially American phenomenon has over the years become a major concern in Western Europe and in other countries of the world aiming to follow in the western model of development.

According to this theory, stakeholder management, or corporate social responsibility, is not an end in itself but is simply seen as a means for improving economic performance.