CHAPTER 4: CORPORATE SOCIAL RESPONSIBILITY
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.
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.
