CHAPTER 4: CORPORATE SOCIAL RESPONSIBILITY

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Education, Health and Nutrition, Environment, Housing rehabilitation.

San Miguel Corporation

It has been used to explain the relationship between a company and society. In this view the company (or other organization) has obligations towards other parts of society in return for its place in society.

Social Contract

an implicit agreement among the members of a society to cooperate for social benefits.

Social Contract

is an ethical theory in which individuals are accountable in fulfilling their civic duty; the actions of a person must benefit the whole society. In this way, there must be a balance between economic growth, and the welfare of society and the environment. If this equilibrium is maintained, then social responsibility is accomplished.

Social Responsibility

refer to social dimensions of a community or region and could include measurements of education (degree attainment levels), equity and access to social resources, health and well-being, quality of life, and social capital.

Social variables

The theory focuses on managerial decision making and interests of all stakeholders have intrinsic value, and no sets of interests is assumed to dominate the others.

Stakeholder Theory

This theory incorporated the accountability of management to a broad range of stakeholders, other than just shareholders.

Stakeholder Theory

By practicing this, also called __________, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.

corporate social responsibility, corporate citizenship

Corporate Social Responsibility Pyramid was developed by

Archie Carroll in 1991

means managing, monitoring, and reporting your consumption and waste and emissions.

Controlling your Environmental bottom line

They address the global challenges we face, including poverty, inequality, climate change, environmental degradation, peace and justice.'

Sustainable Development Goals (SDGs)

are the pressing social problems around the world thus companies can align their CSR activities to help in the eradication of these social problems.

Sustainable Development Goals (SDGs)

were created in 2015 for all member states of the United Nations. The 2030 Agenda for Sustainable Development includes a plan to achieve the goals by 2030.

Sustainable Development Goals (SDGs)

donates one-third of its net profits to charities that support physical and mental health as well as educational opportunities.

TOMS

Together, CSR and the SDGs can provide a powerful

model for sustainable growth

is the continuing commitment by businesses to behave ethically and be socially accountable to itself, its stakeholders, and the public. By

Corporate Social Responsibility (CSR)

It was developed by Archie Carroll in 1991, according to the theory, in order to achieve this, companies must fulfil their responsibilities at four levels: Economic, Legal, Ethical, and Philanthropic.

Corporate Social Responsibility Pyramid

also known as the "Carroll's CSR Pyramid" is a framework that explains how and why organizations should take social responsibility.

Corporate Social Responsibility Pyramid

demonstrated its commitment to the environment by investing in renewable energy sources and sustainable offices.

Google

Discretionary but still important e.g., charitable donations, staff time on projects. This level is all about giving back to the community, exceeding the expectations of shareholders and stakeholders, and going the extra mile to make the world a better place. This might be in the form of donations, volunteer work, or community development, among other philanthropic initiatives.

Philanthropic Responsibility

Responsibility to give back to society.

Philanthropic Responsibility

is defined as any person/group which can affect/be affected by the actions of a business which includes employees, customers, suppliers, creditors and even the wider community and competitors.

stakeholder

Triple Bottom Line Theory also known as

3Ps: People, Planet and Profit

is a manifestation of good corporate governance (stakeholders theory).

CSR

is supposed to be win-win. The companies make profit and the society benefits

CSR

Corporate Social Responsibility Pyramid also known as

Carroll's CSR Pyramid

Responsibility of business to be profitable.

Economic Responsibility

Responsibility to act morally and ethically.

Ethical Responsibility

This is all about doing the right thing, being fair and avoiding harm. Unlike the first two layers of Carroll's CSR pyramid which are all about legal and shareholder obligations, this layer is more concerned with morals and ethics.

Ethical Responsibility

Triple Bottom Line Theory was developed by

John Elkington

focuses on reducing its environmental impact by investing in alternative energy sources.

Johnson & Johnson

Responsibility to obey laws and other regulation.

Legal Responsibility

This refers to a company's legal obligation to adhere to all relevant laws and regulations. This includes compliance with employment laws, tax regulations, employee health and safety obligations, and laws regulating anti-competitive conduct.

Legal Responsibility

environmentally conscious efforts include reduced packaging, sustainable materials, and investments in alternative energy.

Lego

Agronomy Assistance, Education and manpower development, community development, environmental protection and preservation.

Nestle Philippines

Offers 52 weeks of paid parental leave to the birth parent and non-birth parent.

Netflix

This measures how socially responsible an organization has been throughout its history and on its impact on human capital.

People, the social equity bottom line.

Spreading awareness about non-infectious diseases and providing accessible health services to women and children in need.

Pfizer: Spreading awareness about non-infectious diseases

This measures the impact of business on the environment.

Planet, the environmental bottom line.

It is a traditional way to measure business success. It includes financial measurements such as shareholder returns and the organization's ratio, and it is closely related to business value (e.g., share price) and financial incentives (e.g., bonuses and tax payments).

Profit, the economic bottom line.

provide a framework that can be leveraged by government bodies, corporations, civil society and individuals.

SDGs

Focused on hiring more veterans, young people looking to start their careers, and refugees.

Starbucks

also known as the "3Ps: People, Planet and Profit" was developed by John Elkington is an accounting framework that describes three evaluation perspectives that contribute to creating greater value for the organization. The increasing pressure from the government and society to manage and assess the results of their operations gave way to scrutinizing companies from their economic (profit), social (people), and environment (plane) impact (Elkington, 1998)

Triple Bottom Line Theory

he objective of the SDGs outlined by the United Nations is

to achieve a better and more sustainable future for all.


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