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"Corporate social responsibility"
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Enacting the corporation
What are corporations, and to whom are they responsible? Anthropologist Marina Welker draws on two years of research at Newmont Mining Corporation’s Denver headquarters and its Batu Hijau copper and gold mine in Sumbawa, Indonesia, to address these questions. Against the backdrop of an emerging Corporate Social Responsibility movement and changing state dynamics in Indonesia, she shows how people enact the mining corporation in multiple ways: as an ore producer, employer, patron, promoter of sustainable development, religious sponsor, auditable organization, foreign imperialist, and environmental threat. Rather than assuming that corporations are monolithic, profit-maximizing subjects, Welker turns to anthropological theories of personhood to develop an analytic model of the corporation as an unstable collective subject with multiple authors, boundaries, and interests. Enacting the Corporation demonstrates that corporations are constituted through continuous struggles over relations with—and responsibilities to—local communities, workers, activists, governments, contractors, and shareholders.
eBook
Embedding CSR into corporate culture : challenging the executive mind
Diane L. Swanson demonstrates that a new frontier for corporate social responsibility is possible in theory and practice. The key idea - discovery leadership - enables corporate managers to deal effectively with problems, issues, and value clashes occurring where the corporation and society come together.
Book
Beyond Sustainability Reporting
How to Convert Sustainability Disclosure into Action
New standards such as those of the International Sustainability Standards Board and new regulations from the Securities and Exchange Commission are challenging companies to increase and improve their disclosure on what they are doing to support sustainability for their Environmental, Social and Governance activities.
Companies are responding by changing their controls and procedures to include sustainability processes. But is this enough? For companies that truly want to help with sustainability issues, the answer is no.
What is needed is the more action-oriented approach laid out in this book, which:
* Enables modifying the corporate strategic plans to include real sustainability actions.
* Makes use of the skills developed in providing sustainability disclosures, such as integrated thinking.
* Includes proper adoption of recognized standards for control procedures recognized by regulatory authorities.
* Adapts traditional management change tools, such as SWOT and the Porter Five Forces Model to include sustainability.
* Shows how to move the company from sustainability disclosure to integrated thinking to Corporate Social Responsibility.
Beyond Sustainability Reporting: Integrated Thinking and Corporate Social Responsibility is a must-read for any company wanting to make a strong contribution to sustainability issues, for educators who wish to teach sustainability issues and how to manage them, and for anyone interested in knowing how companies can develop a strong and successful action-oriented program for sustainability.
eBook
Global challenges in responsible business
\"Corporate responsibility has gone global. It has secured the attention of business leaders, governments and NGOs to an unprecedented extent. Increasingly, it is argued that business must play a constructive role in addressing massive global challenges. Business is not responsible for causing most of the problems associated with, for example, extreme poverty and hunger, child mortality and HIV/AIDS. However, it is often claimed that business has a responsibility to help ameliorate many of these problems and, indeed, it may be the only institution capable of effectively addressing some of them. Global Challenges in Responsible Business addresses the implications for business of corporate responsibility in the context of globalization and the social and environmental problems we face today. Featuring research from Europe, North America, Asia and Africa, it focuses on three major themes: embedding corporate responsibility, corporate responsibility and marketing, and corporate responsibility in developing countries\"-- Provided by publisher.
Book
The role of private sector in the implementation of sustainable development goals
On September 25, 2015, the Sustainable Development Agenda of 2030 was agreed and adopted by the United Nation. This agenda consists of 17 sustainable development goals (SDGs) and 169 targets. It expressed a global call for taking urgent actions to save the planet. In this regard, the private sector is one of the key stakeholders that could shoulder a fundamental responsibility for accelerating the SDGs implementation process. The current article reviews important aspects of the role of the private sector toward SDGs achievement. The corporate social responsibility, circular economy, and the environmental initiatives are required to support the implementation of SDGs. However, for achieving SDGs the private sector faces a number of challenges such as lack of influential leadership, harmonious partnerships, shortage of investments, exhaustiveness and complexity of interlinkages among the goals and their targets, and lack of monitoring and evaluating methods for assessing the progress of implementation. Moreover, there is a dire need for a reliable set of measurable indicators to support the private sector in measuring the implementation progress. This review article highlights the role of private sector in beating the challenges confronting the achievement of SDGs.
Journal Article
Ethics for social impact : ethical decision-making in nonprofit organizations
\"This book outlines the various elements involved in ethical decision-making for nonprofit leaders, and whose rights to prioritize when facing complex situations. Nonprofit board members and employees are often placed in difficult situations, with no single stakeholder and an allegiance to mission statements whose outcomes can be difficult to measure. While nonprofit charitable organizations are generally considered more trustworthy than their counterparts in the public or for-profit sector, when scandals and wrongdoings are uncovered, they must be dealt with in ethical ways. Through a case study approach, this book delivers...ethical decision-making frameworks and promotes robust reflection on how to arrive at different decision points and throw light on elements that are often ignored or assumed. Ultimately, it offers students, researchers, and managers a practical approach to the ambiguous question, what is the ethical way?\"-- Back cover.
Book
Effect of CSR and Ethical Practices on Sustainable Competitive Performance: A Case of Emerging Markets from Stakeholder Theory Perspective
An extensive work has been done on corporate social responsibly practices (CSRPs) that mainly emphasized the larger firms within developed nations. Nonetheless, still work is needed to observe the importance of CSRPs’ and ethical cultural practices (ECL) in terms of sustainable competitive performance (SACP) that garnered far less attention by the existing literature. This study explores the impact of CSRPs on SACP with the mediating role of ECL from SMEs of two emerging nations, i.e., China and Pakistan based on stakeholders’ theory and practices. The results using SEM affirmed the positive linkages of CSRPs—environment responsibility (EnvR), community responsibility (ComuR), customers' responsibility (CustR), suppliers responsibility (SupR), employee responsibility (EmpR), and Govt. rules & regulations’ responsibility (GRulR)—on SACP. It found that CSRPs have positive relationships with ECL whereas ECL further positively correlated with SACP in the context of both countries. The findings revealed the positive mediating influence of ECL between CSRPs and SACP, respectively. This study furnishes insightful information for management on how firms may achieve sustainable performance by incorporating ethical cultural practices and corporate social responsibility practices as the strategic tools. The study reports numerous implications for management together with lines for future directions.
Journal Article
Building respected companies : rethinking business leadership and the purpose of the firm
\"The current financial crisis has deep macroeconomic roots, but the dominant view of the firm has made the crisis deeper and more devastating. Over the past few decades, maximizing shareholder value has become the main objective of the firm. Chief executives have been keen on this objective because their economic incentives have been clearly associated with stock market performance. Unfortunately, this has driven many CEOs to make terrible decisions based on short-termism and greed. In this way, the firm has become the object of anger, criticism and cynicism. In Building Respected Companies, Jordi Canals argues that we must address this problem by developing companies that serve society, not just their shareholders. This requires a new perspective of what a firm is, what the purpose of the firm in society should be and what the role of the board of directors and senior executives should be\"-- Provided by publisher.
Book
Do Corporate Social Responsibility Reports Convey Value Relevant Information? Evidence from Report Readability and Tone
Corporate social responsibility (CSR) reporting is becoming mainstream, yet there is limited research on whether and how CSR reports communicate value relevant information. We examine the effects of CSR report readability and tone on future CSR performance and the market reaction around the release of CSR reports. Using a hand-collected dataset of Fortune 500 companies that published stand-alone CSR reports from 2002 to 2014, we find that 1-year-ahead CSR performance is positively associated with the changes in both CSR report readability and tone, suggesting that more readable text and more optimistic tone in a firm's CSR report are indicative of better future CSR performance. Furthermore, consistent with the view that CSR reports communicate important value relevant information to the market, we document significant market reactions to report readability and tone around the release of CSR reports. Additional analyses suggest that CSR report readability enhances the association between the abnormal returns and the change in CSR report tone, and that the market reaction to CSR report readability is more pronounced for firms with lower analyst following and higher financial opacity. Taken together, our results substantiate the important roles of CSR report readability and tone in communicating future CSR performance and imparting value relevant information to the market.
Journal Article