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Corporate social responsibility (CSR) or corporate social impact is a form of international private business self-regulation [1] which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in, with, or supporting professional service volunteering through pro bono programs, community development ...
In recent years, there’s been a clear shift in how companies think about and execute corporate social responsibility (CSR), also known as corporate social impact.
A 2014 session by the United Nations Conference on Trade and Development promoting corporate responsibility and sustainable development.. Corporate sustainability is an approach aiming to create long-term stakeholder value through the implementation of a business strategy that focuses on the ethical, social, environmental, cultural, and economic dimensions of doing business. [1]
Some critics argue that corporate social responsibility (CSR) distracts from the fundamental economic role of businesses; others argue that it is nothing more than superficial window-dressing, such as "greenwashing"; [28] others argue that it is an attempt to pre-empt the role of governments as a watchdog over powerful corporations. A ...
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.
It is the second largest local network of the UN Global Compact after Spain, with more than 1,100 participants in 2017. The main aim of the Global Compact Network France is to add personalized value to the French participants of the Global Compact, in order to help them to make progress in their CSR approach and enlarge the Global Compact network.
The CSV concept supersedes CSR for it is a way for corporations to sustain in the competitive capitalistic market. Whereas CSR focuses on reputation with placing value in doing good by societal pressure, it generates both economic and societal benefits relative to cost in real competition of maximizing the profits.
Economic development projects started or managed by Martin Luther King, such as the Montgomery bus boycott and the Operation Breadbasket Project in Chicago, established the early model for socially responsible investing efforts. King combined ongoing dialog with boycotts and direct action targeting specific corporations.