The Principle of CSR, heading 1

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Corporate Social Responsibility

The Principle of CSR

Sustainability

Accountability

Transparency.

Sustainability

The effect which action taken in the present has upon the position available in the future.

This is concerned with the effect which action taken in the present has upon the options available in the future. If resources are utilized in the present then they are no longer available for use in the future, and this is of particular concern if the resources are finite in quantity.

The effect which action taken in the present has upon the position available in the future.

The Starting of every definition of sustainability comes of from Burndtland report which was published in 1987.

Accountability

This implies a reporting to external stakeholders of the action taken by the organizations and how they are affecting those stakeholders.

This is concerned with an organization recognizing that its actions affect the external environment, and therefore assuming responsibility for the effects of its actions. This concept therefore implies a quantification of the effects of actions taken, both internal to the organization and externally.

This implies a reporting to external stakeholders of the action taken by the organizations and how they are affecting those stakeholders.

An organization recognizing that its actions affect the external environment, and therefore assuming responsibility for the effects of its actions.

Transparency.

Transparency, as a principle, means that the external impact of the actions of the organization can be ascertained for the organization’s reporting and pertinent effects are not disguised within that reporting.

Transparency, as a principle, means that the impact of the actions of the organization can be ascertained for the organization’s reporting and pertinent effects are not disguised/masked within that reporting.

why not csr?

May take management focus away from core business activity.

  • May appear cosmetic – without genuine social benefit.
  • May make organization more vulnerable to revelation of bad / unethical business practice.
  • A restriction to free trade?

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