The term Corporate Social Responsibility (CSR) has a fluid definition, and can vary across different corporate programs that benefit the community (Chandler, ). In simple terms, CSR is any action a corporation does to benefit the relationship between a corporation and the community, and to make a positive difference in the community with Social responsibility is an ethical framework and suggests that an individual has an obligation to work and cooperate with other individuals and organizations for the benefit of the community that will inherit the world said individual leaves behind. Social responsibility is a duty every individual has to perform so as to maintain a balance between the economy and the ecosystem one lives within Sep 01, · Corporate social responsibility helps gain customer trust by caring about issues such as Earth Day, raises awareness, and encourages social change. Although there are thousands of companies doing their part, the efforts of large global corporations have far-reaching results that can impact global issues, from hunger and health to global warming
Corporate Social Responsibility and Sustainability | Learning to Give
The term Corporate Social Responsibility CSR has a fluid definition, and can vary across different corporate programs that benefit the community Chandler, In simple terms, CSR is any action a corporation does to benefit the relationship between a corporation and the community, and to make a positive difference in the community with employee engagement, financial support, and volunteerism. Corporate social responsibility is a business trying to do well in the community through responsible actions.
While environmental sustainability is usually a part of corporate social responsibility, CSR does not only focus on sustainability.
For many companies, treating the environment well is important, and this value may be reflected in their CSR programs. For example, to counteract the damage Ford's car industry causes to the environment, they try to practice sustainability and community responsibility in their CSR practices in order to be as environmentally friendly as possible.
They are trying to limit the harm they make on the environment, and do so partially through corporate social responsibility. In another example, the clothing brand Patagonia has a corporate model centered on reducing and recycling, and their efforts to reduce their carbon footprint is evident in their environmentally friendly practices.
The brand Patagonia was started by Yvon Chouinard, an avid mountaineer, rock climber, and skier. Chouinard began manufacturing equipment for the growing climbing industry. His love for climbing was matched by his care for the environment, and he wanted to create a product that was long lasting, reusable, and did the least damage to rock walls he was climbing. Eventually, Chouinard built a business that not only made climbing equipment, but also produced outdoor clothing for extreme conditions.
As the company evolved, it became primarily known for its outerwear and adventure apparel. But as the company grew slowly, it continued to focus on sustainability and environmental friendly practices.
Because of this philosophy, Patagonia focuses on quality and longevity of products, rather than cutting costs. The company believes this is important for their social responsibility because it keeps job security, products lasts longer, and it reduces overall waste. Patagonia not only believes it is their role as a corporation to promote change, but they also value education for their customers through environmental articles in their catalogues.
They encourage customers to repair their Patagonia equipment and clothing and only purchase items if necessary, and to buy used products whenever possible.
This is all an attempt of Patagonia to be ethical and responsible to the environment and the community. Ethical corporations are vital to our society. When a company chooses to support the community and be responsible, they choose to support ethical business practices.
In the case of Patagonia, customers are confident that the products they buy are not made using sweatshops, do use ethically sourced materials, corporate social responsibility term paper, and come from environmentally conscious factories. These are important elements of corporate social responsibility and sustainability because this provides companies an opportunity to raise awareness and make changes for environmental rights. Without the help of corporations, this information would not have the ability to be put into action, and there would be no pressure from competition to be more environmentally friendly.
By connecting philanthropy to the business sector through CSR, Patagonia is able to corporate social responsibility term paper environmental changes in the fashion industry, and the business sector as a whole, by encouraging other companies to follow in their footsteps and be environmentally friendly.
Corporate social responsibility is an opportunity for companies to make a difference in the community. Corporations have a strong influence on the economy and have more funding than nonprofits to change policy, allowing them to be change agents.
Companies benefit financially from this practice too. Many consumers, especially young adults, seek ethically sourced products when they have an option. In this case, the sustainable practices attract business and reach key stakeholders. The relationship to philanthropy can be measured in the added support of nonprofit organizations. Some forms of CSR are practiced through corporate foundations and employee giving.
The connection to philanthropy makes CSR one of the biggest proponents to the public good in the business sector. CSR gives companies a way to benefit the community, and it provides a bridge between the business and nonprofit sectors. When exploring the benefits and challenges of CSR, it is important to understand that philanthropic action is not entirely selfless, nor is it entirely selfish.
Apart from business motivations, corporate social responsibility term paper, values are what make CSR effective. Companies that focus on making an impact, efficiency, and sustainability are more likely to receive the varied benefits of CSR programs than those companies that practice it for the financial gain.
Values give meaning to motivations. Corporate social responsibility and sustainability are important to corporations for a variety of reasons. Motivations that affect corporate social responsibility are social power, public image, money and wealth, and conformity Crowther, Other aspects that make these areas important are values, which give motivations meaning, and stakeholders, who help drive a CSR program.
For some corporations, CSR is a way to gain social power. Companies can use their CSR to increase their social capital and attract customers who support green initiatives. By making these green changes, they gain an edge in the community and make themselves more marketable, thus increasing social power. Another motivation is public image. Companies that focus on being green in their practice are seen well in the view of the public.
Being socially responsible gives corporations something to brag about to the public. Public image is crucial for business as generations become more progressive. Other CSR motivations are related to money and wealth. Many environmental practices focus on the reuse, reduce, recycle, repurpose model, which in turn saves money on materials. Patagonia is a good example, since they repurpose used clothing to either make new products, or to fix and reuse.
Reusing materials is good for the environment and lowers cost, and this sustainable social practice can help a company financially. The last motivation is conformity. With the increasing competition in the business sector, and the growing green movement, corporate social responsibility term paper, it is important for companies to match up with competitors.
While the true purpose of CSR is for the organization to be philanthropic, companies may corporate social responsibility term paper philanthropic out of pressure to be competitive in the market and conform to ethical practices and meet expectations of customers. They want to hold corporations accountable. While making decisions about actions toward corporate social responsibility and sustainability, companies corporate social responsibility term paper be aware of the stakeholders who are impacted Laszlo, In terms of the environment, stakeholders include employees, corporate social responsibility term paper, local communities, and nature.
This list is not exhaustive, but represents the areas that will be directly affected by sustainability. Employees are major stakeholders because sustainable practices happen with them. Whether it is reducing waste, sharing information, or designing new products, social change starts with the workers of an organization. Local communities are stakeholders because they directly benefit from the positive corporate social responsibility term paper that an organization makes.
Local communities are also likely consumers who support the company. Nature is a stakeholder in the case of Patagonia, because a company's environmental practice either harms or helps nature. A CSR program can make a company more effective in business and can influence more impact in the community.
When motivations are based on principles and values rather than financial gain, an organization can receive the benefits of a strong CSR imitative as well as build goodwill in the community.
Lastly, by putting stakeholders in the forefront of decision making, a CSR program will be able to cater to those who care about the program, and be able to enhance innovation as a company. Corporate Social Responsibility and Sustainability. Grade Level:. For many companies, treating the environment well is important to business practice and image, and this is reflected in their Corporate Social Responsibility CSR programs.
Not only is it socially responsible practice, it is good business. The clothing brand Patagonia is an example of a company with a strong CSR practice focused on sustainability. Patagonia's efforts to reduce their carbon footprint is evident in their corporate social responsibility term paper friendly practices.
by Elliot Dunbar. Definitions The term Corporate Social Responsibility CSR has a fluid definition, and can vary across different corporate programs that benefit the community Chandler, Historic Root The corporate social responsibility term paper Patagonia was started by Yvon Chouinard, corporate social responsibility term paper, an avid mountaineer, rock climber, and skier. Importance Ethical corporations are vital to our society. Ties to the Philanthropic Sector Corporate social responsibility is corporate social responsibility term paper opportunity for companies to make a difference in the community.
Key Ideas Corporate social responsibility and sustainability are important to corporations for a variety of reasons. Nature Conservancy: The mission of The Nature Conservancy is to conserve the lands and waters on which all life depends. Reflection Questions Why is it important for corporations to care about philanthropy?
Why is it important for them to care about the environment? What can companies do to improve their CSR related to sustainability? Bibliography Beckett, C. Growing the Sustainable Company [Motion Picture]. Chandler, D. Corporate Social Responsibility: A Strategic Perspective.
New York: Business Expert Press, LLC. Crowther, D. Redefining Corporate Social Responsibility. UK: Emerald Publishing Limited. Laszlo, C. The Sustainable Company: How to Create Lasting Value through Social and Environmental Performance. American Library Association. This briefing paper was authored by a student taking a philanthropic studies corporate social responsibility term paper at The Lilly Family School of Philanthropy, corporate social responsibility term paper.
Related Resources. Corporate Social Responsibility. Benefit Corporations B-Corps. Logo Green 23B67E.
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, time: 9:59Social responsibility - Wikipedia
Nov 01, · Corporate social responsibility or CSR is a self-regulating business model that allows a company to be socially accountable not only to itself but also to its stakeholders and the public. If that definition went over your head, here is a simpler explanation for you Jun 26, · Matteo Tonello is Director of Corporate Governance for The Conference Board, Inc. This post is based on a Conference Board Director Note by Archie B. Carroll and Kareem M. Shabana, and relates to a paper by these authors, titled “The Business Case for Corporate Social Responsibility: A Review of Concepts, Research and Practice,” published in the International Journal of Management Social responsibility is an ethical framework and suggests that an individual has an obligation to work and cooperate with other individuals and organizations for the benefit of the community that will inherit the world said individual leaves behind. Social responsibility is a duty every individual has to perform so as to maintain a balance between the economy and the ecosystem one lives within
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