SHRM SCP 2020: Corporate Social Responsibility
Cultural relativism
Ethical behavior is determined by local culture, laws, and business practices. (polycentric)
Social Audit Areas
Ethics, staffing, environment, human rights, community, society, compliance
Ethical universalism
Fundamental principles apply across all cultures without regard to local ethical norms. (ethnocentric)
CSR Triple Bottom Line
Goal: Excellence in the economic, environmental, and social performance dimensions
Areas of CSR Value
Growth, returns on capital, risk management
Key areas for HR in CSR
Culture change, corporate strategy, organization effectiveness, human capital development
CSR Strategy
Defined by the specific combination of socially beneficial activities the company opts to support with its contributions of time, money, and other resources Starts with Executive Commitment and education of leaders!
Forces shaping today's CSR
Technology, environment concerns (sustainability), economic pressures (value), and sociopolitical forces (civil and social rights)
CSR Maturity Curve
compliance (tactical response), integration (integrated into reg functioning of bus) and transformation (orgs have redefined themselves, their brand to reflect a commitment to CSR
Sustainability sweet spot
where sustainability becomes an engine of innovation and a way to identify bus opportunities...generating new products, processes, markets and bus models
Sustainability Stakeholders
- company executives - community, society, customers - shareholders and potential investors - creditors - regulators - standard setters
Compliance vs ethics
Compliance asks "What can I do?" Ethics asks "What should I do?"
Corporate Social Responsibility
Includes a broader range of decisions or action's effects on a broader field of stakeholders. Integrated into organizational mission and core business strategies. Moved to the center stage.
GRI Standards
Reporting standards to help demonstrate that a company is a good corporate citizen. Reporting on CSR program
OECD (Organization for Economic Cooperation and Development)
Research arm of International Labor Organization; helped influence organizations be good citizens and started the idea of CSR.
Three Spheres of Sustainability
environmental (planet), social (people), economic (profit); different from triple bottom line (for evaluation purposes) in that we're looking at this for planning purposes. Identifying best balance for these three areas.
