Monday, 28 July 2014 00:00
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Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business/responsible business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating 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’.
CSR is a process with the aim to embrace responsibility for the company’s actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered stakeholders.
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.
Proponents argue that corporations make more long term profits by operating with a perspective, while critics argue that CSR distracts from the economic role of businesses in a widely cited book entitled ‘Misguided Virtue: False Notions of Corporate Social Responsibility’ (2001) David Henderson argued forcefully against the way in which CSR broke from traditional corporate value-setting. He questioned the ‘lofty’ and sometimes ‘unrealistic expectations’ in CSR.
Some argue that CSR is merely window-dressing, or an attempt to pre-empt the role of governments as a watchdog over powerful multinational corporations CSR is titled to aid an organisation’s mission as well as a guide to what the company stands for and will uphold to its consumers. Development business ethics is one of the forms of applied ethics that examines ethical principles and moral or ethical problems that can arise in a business environment. ISO 26000 is the recognised international standard for CSR
Disability in the workplace: Company practices
This report presents 25 contemporary case studies of company policies and practices related to disability, including hiring and retention, the development of products and services, and corporate social responsibility (CSR). It has recently been described by a major multinational corporation as a ‘goldmine of ideas’ for developing its disability diversity strategy.
Successful businesses recognise that incorporating disability in all diversity and inclusion practices positively impacts their companies’ bottom line. Corporate CEOs understand that it’s cost effective to recruit and retain the best talent regardless of disability. Chief technology officers know that technologies that are used by all employees lead to greater productivity.
Senior purchasing managers recognise the economic benefits of broadening their supplier bases to include diverse categories, such as disability-owned businesses. And savvy marketing directors eagerly embrace opportunities to increase their companies’ share of new markets.
While businesses sometimes encounter serious challenges as they seek to implement inclusion strategies, many employers have overcome these hurdles with robust and creative practices.
Extracted from articles of the internet
