...A simple guide to understanding how the business benefits of corporate responsibility can be realised. Benefits explored include: • Reputation management • Risk management • Employee satisfaction • Innovation and learning • Access to capital • Financial performance ----------------------------------------------------------------------------------------------------------------------- |Strategic Corporate Social Responsibility: Stakeholders in a Global Environment | |[pic] | | |作者: | | |William B. Werther, David B. Chandler | | | | | |出版: | | |Sage Publications, Inc | | | | | |出版日期: ...
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...Shared value concept-共同价值观- CRS内容 | 定义 | Shared value is a management strategy focused on companies creating measurable business value by identifying and addressing social problems that intersect with their business. The shared value framework creates new opportunities for companies, civil society organizations, and governments to leverage the power of market-based competition in addressing social problems. | 3 waysshared value can be created | Reconceiving products and markets – Defining markets in terms of unmet needs 未满足的需求or social ills and developing profitable products or services that remedy these conditions. * Example: BD developed a new type of safety syringe to reduce healthcare worker needle-stick injuries. This product innovation grew to $2 billion, approximately a quarter of the company’s revenue. Redefining productivity in the value chain – Increasing the productivity of the company or its suppliers by addressing the social and environmental constraints in its value chain. * Example: By reducing packaging and improving delivery logistics, Walmart saved $200M in distribution costs while growing the quantities being shipped Local cluster development – Strengthening the competitive context in key regions where the company operates in ways that contribute to the company’s growth and productivity * Example: Cisco reduced a key constraint to growing its addressable server market by launching the Networking Academy to train over four million network administrators...
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... principles and practices of corporate sustainability. This short essay outlines several sources in the literature on corporate sustainability provided by the following organizations: International Organization for Standardization (ISO); Price Waterhouse Coopers (PWC); Federal Reserve Bank of St. Louis; International Federation of Accountants (IFAC); Ernst & Young; and Association of Certified Public Accountants (AICPA). An annotated bibliography follows the discussion, highlighting articles of interest in corporate sustainability literature. Finally, figures provided in an appendix illustrate key concepts from the discussion. ISO 26000:2010 International Organization for Standardization * Headquartered in Geneva, Switzerland. A global consortium of experts in multiple aspects of quality-related standardization representing industry, nonprofits, government, healthcare, and academia. * Formulated by technical committees, standards are released after extensive review and a minimum 75% favorable vote by ISO members drawn from 160-plus nations. Meeting since ISO's founding in 1947, members formulate and publish guidance on organizational standards. To date, nearly 20,000 publications have been released.1 ISO 26000: 2010 (International Standard: Guidance on Social Responsibility) * Intended to provide guidelines on sustainable development applicable to a wide...
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...than voluntary organisations. The crux of the argument is that regulation needs to be international due to the interconnectedness and interdependence caused by globalisation, and it needs to be mandatory due to the predatory nature of the financial system. Introduction: In light of the 2008 financial crisis, this report will argue for international mandatory regulations in the financial sector to enhance its Corporate Social Responsibility (CSR). The banks for International Settlement and the Basel Committee have made positive steps to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide (Banks for International Settlement , 2012, [Online]). However, the crisis of 2008 and its devastating effects, not only showed that more effective mandatory regulation needs to be applied to control a predatory industry that is encompassed by unethical practice; but it also exposed the fact that we live in a globalised world. Initiatives such as the Global Compact have championed change in CSR, but are restricted by their...
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...responsibility (CSR, also called corporate conscience, corporate citizenship or sustainable responsible business/ Responsible Business)[1] is a form of corporate self-regulation integrated into a business model. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and international norms. In some models, a firm's implementation of CSR goes beyond compliance and engages in "actions that appear to further some social good, beyond the interests of the firm and that which is required by law."[2][3] CSR aims to embrace responsibility for corporate actions and to encourage a positive impact on the environment and stakeholders including consumers, employees, investors, communities, and others. The term "corporate social responsibility" became popular in the 1960s and has remained a term used indiscriminately by many to cover legal and moral responsibility more narrowly construed.[4] Proponents argue that corporations increase long term profits by operating with a CSR perspective, while critics argue that CSR distracts from business' economic role. A 2000 study compared existing econometric studies of the relationship between social and financial performance, concluding that the contradictory results of previous studies reporting positive, negative, and neutral financial impact, were due to flawed empirical analysis and claimed when the study is properly specified, CSR has a neutral...
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...How company apply ISO26000 and GRI effectively? 1) Describe through your own point of view, referring from CSR Report published by company. Sony undertakes a wide range of activities with the aim of promoting CSR initiatives. One example is its role as joint chair of the working group on the formulation of the ISO 26000, international standard of social responsibility published in November 2010, on which Sony submits reports in Japan through the Japanese Industrial Standards Committee (JISC). Sony is also involved in the development of a global CSR framework, which includes participating in the multi-stakeholder planning and revision process for the Global Reporting Initiative’s (GRI’s) GRI Sustainability Reporting Guidelines. In the area of climate change, Sony serves as a member of the advisory group of the Carbon Disclosure Project Japan, which promotes disclosure of corporate greenhouse gas emissions. 2) Raise each three characteristics of ISO26000 and GRI. ISO26000 - Provides guidance on how businesses and organizations can operate in a socially responsible way; acting in an ethical and transparent way that contributes to the health and welfare of society. - Clarifies what social responsibility is. - Helps business and organizations translate principles into effective actions and shares best practices relating to social responsibility. - Represents an international consensus. GRI - Enables all organizations to measure and report their economic, environmental...
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...TABLE OF CONTENTS: * Part one: Introduction A Brief Description of CSR 9 A Brief Description of CSR Practices by Bangladeshi Companies 10 A Description of Reporting Practices Including Reporting of CSR Activities 12 * Part Two: Statement of the Problem Emphasis on Business Involvement in CSR Activities 15 Theoretical Discussion on CSR Practices 19 Why The Reporting Necessary in relation to CSR Practices 22 Standard of Listed companies in Bangladesh with Regard to Social Audit 23 * Part Three: Objectives, Scope & Methodology of the Study Objectives 26 Scope 27 Methodology 28 * Part Four: Findings of the Study Sample Enterprises 30 Areas of Social Responsibilities Discharged 33 Reporting Practices 36 Evaluation 37 * Part Five: Conclusion Summary of the Findings 39 Future Directions 40 References 42 Part one: Introduction A Brief Description of CSR Corporate social responsibility (CSR), also known as corporate responsibility, corporate citizenship, responsible business, sustainable responsible business (SRB), or corporate social performance, is a form of corporate self-regulation integrated into a business model. Ideally, CSR policy would function as a built-in, self-regulating mechanism whereby business...
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...CSR is closely linked to "sustainable development", in which there is an argument that a company in carrying out its activities must base their decision not solely based on financial factors such as profits or dividends but also must be based on social and environmental consequences for now and for the long term. Business ethics and corporate social responsibility are two issues that are often overlooked by business people because it is in this article will discuss how business ethics relationship with corporate social...
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...qwertyuiopasdfghjklzxcvbnmqwertyui opasdfghjklzxcvbnmqwertyuiopasdfgh jklzxcvbnmqwertyuiopasdfghjklzxcvb AF301 ACCOUNTING THEORY nmqwertyuiopasdfghjklzxcvbnmqwer & APPLICATIONS tyuiopasdfghjklzxcvbnmqwertyuiopas dfghjklzxcvbnmqwertyuiopasdfghjklzx Group Seminar Report cvbnmqwertyuiopasdfghjklzxcvbnmq TOPIC:2 – CORPORATE SOCIAL wertyuiopasdfghjklzxcvbnmqwertyuio & ENVIRONMENTAL REPORTING pasdfghjklzxcvbnmqwertyuiopasdfghj klzxcvbnmqwertyuiopasdfghjklzxcvbn mqwertyuiopasdfghjklzxcvbnmqwerty uiopasdfghjklzxcvbnmqwertyuiopasdf ghjklzxcvbnmqwertyuiopasdfghjklzxc vbnmqwertyuiopasdfghjklzxcvbnmrty uiopasdfghjklzxcvbnmqwertyuiopasdf ghjklzxcvbnmqwertyuiopasdzxcvbnm STUDENT NAME MELISA SINGH ASHVINI SAHAYAM SHABINA FARNAAZ SHANEEL PRASAD KRITHNEEL SINGH TOTORIAL DAY / TIME TUTORS NAME GROUP MEMBERS STUDENT ID NUMBER S11066108 S11065177 S11065043 S11065627 S11065615 THURSDAY 8 – 10AM MISS FAZEENA HUSSAIN TABLE OF CONTENTS DECLARATION OF ORIGINALITY ........................................................................................... 3 ACKNOWLEDGEMENT .............................................................................................................. 4 IMPORTANCE OF ACCOUNTING FOR SOCIAL AND ENVIRONMENTAL ISSUES ......... 5 INTRODUCTION .......................................................................................................................... 6 THEORETICAL UNDERPINNING ...........................................
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...1. Introduction Organizational behaviour and correct management concept are very important for companies in their long term development, if a company does not have good organizational behaviour and correct management concept, it would fall into organizational difficulties. This essay will argue that how unacceptable organizational behaviour and management concepts will lead to organization face difficulties. This argument will be supported with some theories, including ethical decisions making, CSR (corporate social responsibility), management functions and scientific management principles. 2. Analysis the article with theories 3.1 Analysing the issue with ethical decision making Ethical is a criterion that people used to measure that whether their behaviour is acceptable by others or social. However, Unethical behaviour will hurt organizational reputation. According to this article, one of the reasons for the Husi Company falling into food safety scandal was that they were doing unethical work practices. People in the company did not apply ethical decision making criteria. This can be seen with three dimensions. Firstly, workers were forced to work overtime and employees were forced to change expired dates of food at the plant. These two facts can clearly show that decisions which were made by company leaders were not acceptable. Secondly, they were making unethical decisions which could not be discussed in public. They used two records to cover unethical works...
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...social responsibility? Give example about CSR in today’s business * Corporate social responsibility (CSR) is the process by which businesses negotiate their role in society * In the business world, ethics is the study of morally appropriate behaviors and decisions, examining what "should be done” * Although the two are linked in most firms, CSR activities are no guarantee of ethical behavior History * CSR is a form of corporate self regulation turns into business models * Also called corporate conscience, citizenship, social performance, sustainable responsible business * Came into used late 1960s and early 1970s * ISO 26000 recognize CSR standards Bodies that governs CSR through out the world World Business Council for Sustainable Development -Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large Business For Social Responisbilities Operating a business in a manner that meets or exceeds the ethical, legal, commercial and public expectations that society has of business The European Commision A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis The ASEAN CSR Networks CSR is about how businesses align their values...
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...Responsibility (CSR); elaborate upon development of CSR in India; study the theoretical concepts expounded by various researchers and study the deployment of current CSR practices in India. This paper examines how India’s top 500 companies view, and conduct their CSR, identifies key CSR practices and maps these against Global Reporting Initiative standards. Design/methodology/approach -It is a cross sectional study which is exploratory in nature. It involved secondary data collection and use of content analysis technique to assess CSR practices of companies operating in India. Findings -The main findings of the study are that CSR is now presented as a comprehensive business strategy, arising mainly from performance considerations and stakeholder pressure. Companies consider their interaction with stakeholders and impact of its business on society as significant issues. CSR policies vary with turnover and profit. The study suggests that business and CSR strategy appear to be on a convergent path, towards business and CSR integration across the company. Out of the top 500 companies, 229 did not report on CSR activities and were therefore filtered. 49% of the remaining 271 companies were reporting on CSR. Many companies are making token gestures towards CSR and only a few companies have a structured and planned approach. Several companies spread their CSR funds very thinly across many activities. Every company defines CSR in their own ways as per their needs. CSR is...
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...It is true that most of great companies always contribute to their wealth and to overall societal wealth by considering the effective on their employee, customers, the environment they existed, they competitors, shareholders and others to maximum the both wealth and improve their overall value when they making the decision in the current world. Not only consider about the money any more, they’ve move the main point to the both sides. Most of great companies are move their strategies on the understanding of the relationship between responsible business and good business. The external investors and market will measure the company’s strategies and performance based on their corporate social responsibility. It is a good approach that the CSR activities will help the company to build an effectively relationship with their customers and employees to acting responsibly towards then both of them will create more and more additional value for the company’s shareholders, stakeholders, and overall sides of company. Somehow, the company need to working close with their stakeholders to better develop their innovative and economically viable products, processes and services in order to improved environmental protection and social conditions to share their own wealth with each other. It is very hard to make a long- term success that is based on lots of confused relationship between entity and individual, most of the management of company concern about the external factors(environmental...
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...environmental and social performance. Companies such as these are contributing towards the advancement of sustainable development and performance. 3 introduction Welcome to the ACCA report of the Judges for the malaysia sustainability reporting Awards (masrA) 2011. ACCA and our supporting partners for the masrA 2011 would like to thank all the companies that participated this year. Since the last ACCA MaSRA, the world of corporate social responsibility and sustainability reporting has been undergoing tremendous change. This is reflected in the various developments on the international and local front. Nationally, Bursa Malaysia remains a key driver of sustainability reporting for corporate Malaysia. Following the development of the CSR framework in 2006, Bursa Malaysia launched the sustainability portal and Guide for Directors in 2010. This initiative recognises that the sustainability agenda needs to be driven from the boardroom and embedded within a corporate strategy. The Environment, Social and Governance (ESG) Index scheduled to be launched in late 2012 will be Bursa...
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...ASSIGNMENT COVER SHEET Name | Student number | Wayne Humphreys | 3135731 | Campus of Study: Newcastle Graduate School of Business Assessment Item Title: Assessment Item No 2 – Individual Assignment 1 Word Count 1049 Due date 25/3/2013 11.59p.m. I verify that I have completed the online Academic Honesty Module and adhered to its principles I declare that this assessment item is my own work unless otherwise acknowledged and is in accordance with the University’s plagiarism policy available from the Policy Library on the web at http://www.newcastle.edu.au/policy/academic/general/academic_integrity_policy-new.pdf I certify that this assessment item has not been submitted previously for academic credit in this or any other course. I certify that I have not given a copy or have shown a copy of this assessment item to another student enrolled in the course. I acknowledge that the assessor of this assignment may, for the purpose of assessing this assignment: * Reproduce this assessment item and provide a copy to another member of the Faculty; and/or * Communicate a copy of this assessment item to a plagiarism checking service (which may then retain a copy of the item on its database for the purpose of future plagiarism checking). * Submit the assessment item to other forms of plagiarism checking. I certify that any electronic version...
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