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The understanding of CER cannot be separated from CSR—both are interconnected and based on environmental protection. There are three major areas related to these two concepts—economic, environmental and social. CER is focused more on economic and environmental while CSR relates to social and environmental aspects.
The new CSR legislation under section 135 of the Companies Act 2013 requires companies of a certain size to spend 2% of their net profit [8] on activities as prescribed under schedule VII, which are primarily aimed at community development. The canvas of CSR remains narrow and de-linked from the core-business activities of a company.
The professional disciplines included in the corporate responsibility field include legal and financial compliance, business ethics, corporate social responsibility, public and community affairs, investor relations, stakeholder communications, brand management, environmental affairs, sustainability, socially responsible investment, and corporate philanthropy.
In 2014, India also enacted a mandatory minimum CSR spending law. Under Companies Act, 2013, any company having a net worth of 500 crore or more or a turnover of 1,000 crore or a net profit of 5 crore must spend 2% of their net profits on CSR activities. [183] The rules came into effect on 1 April 2014. [184]
ISO 26000 is a set of international standards for social responsibility.It was developed in November 2010 by International Organization for Standardization.The goal of these standards is to contribute to global sustainable development by encouraging business and other organizations to practice social responsibility to improve their impacts on their workers, their natural environments and their ...
I.1–2, III.4, VII.1–3 [7]: II.1, V.6, X.9 He believed that the polis is meant to be "a community of equals for the sake of a life which is potentially the best." [6]: VII.8 Some of the virtues in his scheme of virtue ethics, like magnificence and justice were inseparable from a sense of social responsibility. [7]: IV.2, V
Corporate social responsibility (CSR) differs from Creating Shared Value, although they share the same ground of "doing well by doing good". [8] Mark Kramer, the co-writer of Harvard Business Review article on Creating Shared Value, [ 9 ] states in his "Creating Shared Value" blog that the major difference is CSR is about responsibility ...
Oceania generates the second most e-waste, 16.1 kg, while having the third lowest recycling rate of 8.8%. [26] Out of Oceania, only Australia has a policy in policy to manage e-waste, that being the Policy Stewardship Act published in 2011 that aimed to manage the impact of products, mainly those in reference to the disposal of products and ...