Abstract: Chapter 3 CSR–The Way Ahead or a Cul de Sac? Sir Geoffrey Chandler, Sir Geoffrey ChandlerSearch for more papers by this author Sir Geoffrey Chandler, Sir Geoffrey ChandlerSearch for more papers by this author Book Editor(s):Judith Hennigfeld, Judith HennigfeldSearch for more papers by this authorManfred Pohl, Manfred PohlSearch for more papers by this authorNick Tolhurst, Nick TolhurstSearch for more papers by this author First published: 02 January 2012 https://doi.org/10.1002/9781119202110.ch3Citations: 1 AboutPDFPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShareShare a linkShare onFacebookTwitterLinked InRedditWechat Summary This chapter discusses whether the corporate social responsibilities (CSR) has really impacted the way companies are doing business or it has proved to be ineffective. The business contribution to society is inseparable from its profit-earning activities. It is socially responsible to produce a quality product or service and thereby make a profit. It is socially responsible to act in a principled manner towards each of a company's stakeholders – those who contribute to the company's success or are affected by its operations. There is now a diversity of initiatives pushing companies towards recognition of the full range of their responsibilities, pre-eminent among these being the OECD Guidelines for Multinational Enterprises and the United Nations Global Compact. There are frameworks, such as the Global Reporting Initiative and AA1000, for reporting the whole of a company's impacts. All in principle point the way ahead, but all are voluntary and only a small percentage of the corporate world so far subscribes to them. Citing Literature The ICCA Handbook on Corporate Social Responsibility RelatedInformation
Publication Year: 2012
Publication Date: 2012-01-02
Language: en
Type: other
Indexed In: ['crossref']
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Cited By Count: 6
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