Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR)

• European Commission companies integrate CSR into their operations.

Social Concerns

• Bullying.
• Social media issues.
• Obesity.
• Depression.
• Drug use.
• Academic problems.

Environmental Concerns

• Global warming.
• Dependence on fossil fuels.
• Population growth.
• Arable land.
• Clean air.
• Fresh water.
• Pollution.
• Waste.

Business Operations

• Forecasting.
• Finance.
• Product design.
• Quality control.
• Strategy.
• Supply chain management.
• Human resources.

Stockholders

• Internal: Customers.
• External: Government rules and regulations, technology.

Measures of CSR

• Connect the value of company activities.

Benchmarking

• A process involving initiation, data gathering, data analysis, report generation, and action planning.

Key Performance Indicators (KPIs)

• SMART goals are specific, measurable, achievable, relevant, and time-framed.

Performance Variables and Indicators

• Employee perspective on workplace conditions.
• Health and security protocols and outcomes.
• Diversity supportive ratio within the organization.
• Respect ratio among employees and stakeholders.
• Satisfaction ratio of employees and customers.
• Greenhouse gas emissions from operations.
• The quantity of waste generated.
• Efficiency in energy use.
• Social policies followed by the organization.
• Social contribution to community and society.
• Strategic partnerships for sustainability and social impact.
• Perspective adopted regarding Responsibility.
• Time spent in volunteering initiatives.
• Management perspective on CSR.
• Management initiatives for CSR.

Recognized Industry Standards

• Recognition for CSR initiatives.
• Recognition achieved for sustainability efforts.

Sustainable Development Goals (SDG)

• No Poverty
• Zero Hunger
• Good Health and Well-being
• Quality Education
• Gender Equality
• Clean Water and Sanitation
• Affordable and Clean Energy
• Decent Work and Economic Growth
• Industry, Innovation, and Infrastructure
• Reduced Inequalities
• Sustainable Cities and Communities
• Responsible Consumption and Production
• Climate Action
• Life Below Water
• Life on Land
• Peace, Justice, and Strong Institutions
• Partnership for the Goals

Common Goals

• Employee involvement in CSR activities.
• Revenue and efficiency gains through CSR practices.

Theories

• Triple Bottom Line reports Economic, Social and Environmental dimensions.

Business Ethics Theory

• Considers changing and emerging social responsiveness.
• Adheres to eternal or intrinsic ethical values.
• Promotes corporate citizenship.

Shareholder Value Theory

• Hayek (neoclassical economist) suggests the function of a business is to contribute to society and the economy.

Model of CSR

• Philanthropic responsibilities include being a good corporate citizen.
• Ethical responsibilities involve being ethical in all practices.
• Legal responsibilities mandate obeying the law.
• Economic responsibilities prioritizing profitability.

CSR Was Divided into Six Models

• Mission and vision alignment with CSR.
• Stakeholder engagement (internal and external).
• Work environment and employee well-being.
• Market impact regarding products and services.
• Environmental impact and sustainability efforts.
• Accountability and transparency in CSR practices.

Vision and Mission

• Relates to developing CSR, corporate values, and strategy integration.

Stakeholders

• How businesses interacts with society.

Work

• Includes quality, organization, and work ethics.

Market

• Includes company activities related to market products and services.

Environment

• Impact of activities on the environment.

Accountability

• Reporting with transparency.

CSR Definition

• Refers to ethical and economic responsibilities to Improve employees, communities, and overall society.

EU reasons for CSR

• Aligning businesses to be sustainable can solve social and environmental challanges

Foundational Documents

• Green Paper (2001) promoting CSR
• Commission Communication (2002) sustainable growth

The 2004 Final Report on CSR

• European Multi-Stakeholder Forum, led by the European Commission.

The 2006 Communication A New Vision of CSR

• Tool for growth and innovation.

Public Policies and CSR Analysis

• Analyzes government CSR promotion and development policies.
• Assesses the public sector's role in CSR public initiatives.

American v European Perspectives

• European promote based companies
• US based companies promote US government initiatives.

How Is US Encouraged

• With partnerships that creates more governance by generated globalization.

Actions for CSR

• Government taking public sector roles
• Mandating regulatory role
• Facilitating, supports.
• Partnering for a collaborative role
• Endorsing an advocacy role
• Supports matrix involving the government actions
• Follows top down approval

CSR & Goverance

• UK government adoption

Middtun's CSR Models

• CSR is decentralized, and intervenes less
• More collaboration with the environment and sustainability

Role of Governments in CSR partnership

• Governments create partnership that will solve social injustices with companies
• Analyzing CSR in public and private partnership, that will emphasize private sector to roles in funding

Political Dimensions of CSR

• Voluntary actions in civil society help sustainability
• Businesses leaders need government support

Definition of CSR

• Integrating with stakeholders based on a voluntary basis.

CSR activities

• Help with dialogue, interdependance, and set frameworks.
• Is about people, and making a difference

Framework of Globalization

• Companies act as political and social players

Challanges in a globalized world

• Globalization requires adaptability

Social Challange

• Includes helping economy development

National Policies must follow

• ILO rights and principles'
• ILO labor standards
• OECD Guidelines

Actions and Policies

• Many governments have adopted actions with framework
• Facilitators include discussion
• Promoters improve skills for management transparence ect
• Mediators promotes action

Regulators

• Enable measuring transparence and allowing mandatory action

2 perspecives of CSR

• Voluntary compliance
• Management Model
• Governments can implement CSR
• Countries have adapted CSR approach

Models of CSR

• EU-15 have different CSR approach
• Multilateral frameworks, help society connect
• CSR focuses on business

Goals for public policies

• Global perspective, to reorient the framework of the economy
• Go beyond legislation towards welfare
• Helps the economic
• Highlights the voluntary vs legislation
• Framework helps promote co-responsibility

Integration of public policies

• First: Legislature only covers narrow range of action
• Second: The two are the same
• Third: Self can act accordingly.

Analysis framework

• OSR shows government action

CSR Public Policies

• Relations between companies and society
• Is a matrix that includes the leadership

Developing the framework

• By applying them to government, considering all aspects.
• Will over governable with what action they're taking
• Has many levels of strategy

Models of CSR

• relational analysis identifies CSR
• collaborative partnership strategy
• Governments transitioning
• Focusing in many ways

Csr Public Policies

• In different countries CSR is of paramount importance

Attatchment for profile of CSR

• Contract states

How business runs

• Utlizing the financials the providers that are responsible
• Involves the right to talk and propose a solid plan
• The company can use their resources best

Actions for Ethics

• Involves more than a test

Frameworks for CSR

• Create better legal and financial frame work by rating actions
• Government encouraging action
• Guidelines by Europe and UN
• Acts enforced by regions

4 models of CSR

• the government implements policies and works with actions
• Sustainability and help businesses
• Engaging many views

Role of agreement for CSR

• Helps with rights and action, like the global compact

Implement policies

• Helps with issues and economic concerns

Corporate image

• Publics form beliefs from what they do

Corporate responsibility

• Actions tell employees how things are ran
• Community reflects good relationships

Government

• Is involved with business activities
• Responsibilities reflect moral code

Corporate image

• Key parts are security
• Public is how responsible as they are

The financial for Vast Public

• American owns 17 million
• They must provide tangible things to be recognized (like support and security)

Concept for ethics

• Must support social parts

Ethical Framework

• Principles must guide you to success
• Follow their steps carefully
• Understand what and acceptance the code is.
• Its crucial to figure out what parts makes it so
• Look at inner pole, in the state of searching

Corporations

• There's must be a responsibility to have accountability
• Must be honest and have ethical rules

Multi level

• Its interconnected
• This is a global setting

CSR

• This is needed now more than ever
• Has increased due to help in regulations

Business

• Businesses must act by the rules. and be responsible

Environmental responsibility

• Is very crucial and necessary to improve with the environmental code

Different views

• Ethic, ethical conduct
• A model to help one see how they can implement with different ways

CSR implementation problems

• This can be fixed with education

Ethical

• How the business conduct is. and actions

Relativism

• Its all according to the person

Scepticism

• They lack rules from all over

Morality

• All about ethics
• Should do, and know action

Morality and Ethics features

• See where it comes from. to know what actions and morals need to be put into play
• All about freedom, that will make success