An organization that exhibits corporate social responsibility performs so that it is both “directly and indirectly sensitive to the reasonable needs of various sectors in society” (The Corporate Ethics Monitor, Volume 1, Issue 1, page 1). In other words, it is – and is seen to be – responsive to various stakeholders’ needs. Companies that
A new next generation business model that aligns coaching and business with CSR is called Socially Responsible Consulting & Coaching (Philanthropreneuring). Billionaires pledge half their assets when they die. For the rest of us, why wait until you die: give experience, cash and support as well as levity to worthy enterprises while making a living.
CalPERS – the largest public pension fund in the US – and its academic partners have launched a searchable database of more than 700 academic studies on sustainability factors that examine the impact of these factors. http://www.calpers.ca.gov/index.jsp?bc=/about/press/pr-2013/june/responsible-investment.xml
Lots of interesting comments as part of voting on this topic in The Economist poll. “CSR has nothing to do with charity” |The Corporations and Communities Debate Series http://ccdebates.eiu.com/?tw2
A must read article by Mary Sidibe,the Global Social Mission Director of Lifebuoy Soap a division of Unilever.as to why it is important to work with a social mission to drive business growth.
“If you have been paying any attention to recent news on the crucible of China’s expansive development, then the negative social and environmental impacts of industrialization and economic growth can hardly be ignored. What is particularly provocative, and in need of sustained inquiry, is how these matters are increasingly represented as ethical failures specific to
“The following post comes to us from Jordan A. Thomas, partner at Labaton Sucharow LLP and former assistant director at the Securities and Exchange Commission.” This post is based on a Labaton Sucharow report, available here.
“Corporate involvement in the Olympic Games continues to expand in size and significance. This year, the 2012 London Olympics will boast sponsorship on hundreds of millions of dollars in corporate sponsorship and tie-ins. But as the corporate money flooding into the Games increases, so too do the attendant ethical risks. For all the advantages of
The authors argue for a strategic and pragmatic, rather than ideological, approach to Corporate Social Responsibility (CSR). They assert that, despite criticisms of and debate about the value of CSR initiatives to society and to corporate profitability every company needs a CSR strategy. “Executive Summary: Despite certain criticisms, more and more companies in the world
Justin Fox is editorial director of the Harvard Business Review Group and author of The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street.In this blog he asked and answers the question.Do you agree with him?