5 Questions
What is the primary concern arising from the depletion of resources?
The increase in the operational costs of organisations
What is implied by the concept of sustainability in terms of resource usage?
Using no more of a resource than can be regenerated
What is the primary objective of an organisation's energy efficiency programme?
To reduce operational costs by increasing efficiency in resource utilisation
What is the consequence of unsustainable operations?
The organisation will need to plan for a future lacking in resources currently required
What is the role of the paper industry's policy of replanting trees?
To retain costs in the present rather than temporally externalising them
Study Notes
Principles of CSR
- CSR activity is difficult to define due to uncertainty surrounding its nature
- Three basic principles comprise CSR activity: Sustainability, Accountability, and Transparency
Sustainability
- Concerned with the effect of present actions on future options
- Resources utilized in the present are no longer available for future use
- Finite resources, such as coal, iron, or oil, must be used sustainably to ensure availability for future generations
- Sustainability implies using no more resources than can be regenerated
- Carrying capacity of the ecosystem and input-output models of resource consumption can define sustainability
- Examples of sustainable practices include replanting trees to replace harvested ones, increasing energy efficiency, and reducing resource consumption
Accountability and Transparency
- Will be considered in detail in a later chapter
Learn about the three fundamental principles of Corporate Social Responsibility (CSR), including Sustainability, Accountability, and Transparency. Understand the importance of these principles in CSR activities.
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