Corporate Social Responsibility (CSR), Corporate Conscience, Corporate Citizenship, Responsible Business

ReSearch and Perspectives on Corporate Social Responsibility (CSR)/ Corporate Conscience, Corporate Citizenship, Responsible Business

Governmental Agencies and Institutions

NGOs and Organisations

• Business and Human Rights Center - http://business-humanrights.org/
• Carbon Disclosure Project - https://www.cdp.net/
• Accountability - http://www.accountability.org/
• Charities Aid Foundation - https://www.cafonline.org/
• Corporate Citizenship - http://www.corporate-citizenship.com/
• CSR Europe - http://www.csreurope.org/
• Ethical Corporation - http://www.ethicalcorp.com/
• Ethical Performance - http://www.ethicalperformance.com/
• Global Reporting Initiative - http://www.globalreporting.org/
• Heart of the City - http://www.theheartofthecity.com/
• Institute of Environmental Management & Accessors - http://www.iema.net/
• International Business Leaders Forum - http://www.iblf.org/
• ISO 26000 Social Responsibility - http://www.iso.org/iso/home/standards/iso26000.htm
• New Philanthropy Capital - http://www.thinknpc.org/
• Social Accountablity - http://www.sa-intl.org/
• The Global Business Initiative on Human Rights - http://www.global-business-initiative.org/
• Transparency International - http://www.transparency.org/
• UN Global Compact - http://www.unglobalcompact.org/
• UK
  • Institute of Corporate Responsiblity and Sustainability (ICRS) -
  • Institute of Business Ethics - http://www.ibe.org.uk/
  • Forum for Future - http://www.forumforthefuture.co.uk/
  • Corporate Responsibility Group - http://www.crguk.org/
  • Business in the Community - http://www.bitc.org.uk/

Articles

• Corporate Social Responsibility Increases Your Bottom Line - http://www.developmentcrossing.com/profiles/blogs/corporate-social-responsibility-increases-your-bottom-line
• Corporate Responsibility in Small Business - http://www.corporate-responsibility.com.au/2016/08/31/corporate-responsibility-in-small-business/

Concepts on Social Responsibility

What is Social Responsibility?

From Wikipedia Perspective

• Form of Corporate self-regulation integrated into business model
  • Self-Regulation: ensures active compliance with spirit of the law, ethical standards, national/international norms
• Actions that appear to further some good, beyond the interests of the firm or required by law
  • sometimes increase long-term profits and shareholder trust
  • thru positive public relations and high ethical standards
  • reduce business risk by taking responsiblity for corporate actions
• Stakeholder involvement includes consumers, employees, investors, communities

Reference

• https://en.wikipedia.org/wiki/Corporate_social_responsibility

From ISO26000 Perspective

• Business and organizations do not operate in a vacuum. Their relationship to the society and environment in which they operate is a critical factor in their ability to continue to operate effectively. It is also increasingly being used as a measure of their overall performance.
• ISO 26000 provides guidance on how businesses and organizations can operate in a socially responsible way. This means acting in an ethical and transparent way that contributes to the health and welfare of society.

Reference

• http://www.iso.org/iso/home/standards/iso26000.htm

Principles, Approaches, Applications and Scope of Corporate Social Responsibility

Based on Institute of Corporate Responsibility and Sustainability

• Principles for Promoting Social Responsibility
  • Champion ethical behaviour
  • Pursue positive social impact
  • Pursue positive environmental impact
  • Promote development of sustainable products & services
• Approaches
  • CSR as Value Creation or Creating Shared Value - Innovative and promotes sustainable business model
  • CSR as Risk Management - compliance
  • CSR as Corporate Philanthropy - providing funding and skills
  • CSR as Cost-Benefit/ Resource-based view (RBV) - For Strategic Financial gain
• What organisations do
  • Engage with stakeholders
  • Plan, develop strategy and manage projects
  • Research and analyse
  • Influence and persuade
  • Measure and report impact
  • Scope of CSR
    • Supply Chain

Reference

• https://en.wikipedia.org/wiki/Corporate_social_responsibility

How is CSR Implemented?

• Stakeholders Involvement
  • HR
  • Business Development
  • Public Relations
  • Separate Unit
• Engagement Plan
• Accounting, Auditing and Reporting
• Verification
• Ethics Training
• Other Actions
  • Environmental sustainability
  • recycling, waste management, water management, renewable energy, reusable materials, 'greener' supply chains, reducing paper use and adopting Leadership in Energy and Environmental Design (LEED) building standards.
  • Community involvement
  • raising money for local charities, providing volunteers, sponsoring local events, employing local workers, supporting local economic growth, engaging in fair trade practices,
  • Ethical marketing
  • Companies that ethically market to consumers are placing a higher value on their customers and respecting them as people who are ends in themselves.
  • They do not try to manipulate or falsely advertise to potential consumers. This is important for companies that want to be viewed as ethical.
  • Social License
  • Local community acceptance or approval of a company

What are some CSR Accounting, Auditing and Reports?

• AccountAbility's AA1000 standard (based on John Elkington's triple bottom line (3BL) reporting)
• The Prince's Accounting for Sustainability Project's Connected Reporting Framework
• Workplace Code of Conduct by The Fair Labor Association ( posts audit results on the FLA website)
• The Fair Wear Foundation verifies labour conditions in companies' supply chains, using interdisciplinary auditing teams.
• Global Reporting Initiative's Sustainability Reporting Guidelines
• Economy for the Common Good's Common Good Balance Sheet[35]
• GoodCorporation's standard[36] developed in association with the Institute of Business Ethics
• Synergy Codethic 26000[37] Social Responsibility and Sustainability Commitment Management System (SRSCMS) Requirements — Ethical Business Best Practices of Organizations - the necessary management system elements to obtain a certifiable ethical commitment management system. The standard scheme has been build around ISO 26000 and UNCTAD Guidance on Good Practices in Corporate Governance.The standard is applicable by any type of organization.;
• Earthcheck Certification / Standard
• Social Accountability International's SA8000 standard
• Standard Ethics Aei guidelines
• The ISO 14000 environmental management standard
• The United Nations Global Compact requires companies to communicate on their progress[38] (or to produce a Communication on Progress, COP), and to describe the company's implementation of the Compact's ten universal principles.[39]
• The United Nations Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) provides voluntary technical guidance on eco-efficiency indicators,[40] corporate responsibility reporting,[41] and corporate governance disclosure.[42]
• The FTSE Group publishes the FTSE4Good Index, an evaluation of CSR performance of companies.
• EthicalQuote (CEQ) tracks reputation of the world’s largest companies on Environmental, Social, Governance (ESG), Corporate Social Responsibility, ethics and sustainability.
• The Islamic Reporting Initiative (IRI) is a not-for-profit organization which leads the creation of the IRI framework; the guiding integrated CSR reporting framework based on Islamic principles and values.

What are some Potential Business Benefits from Engaging in CSR?

• Non-financial measure of success
  • Deming's Fourteen Points
  • Balanced Scorecards
• Triple Bottom Line (People, Planet, Profit)

Outlines

Corporate Responsibility and Sustainability

Resources, Education and Tools

Education, PD and Learning

• Online Course: Corporate Responsibliity and Sustainability in Practice - https://icrs.info/cpd/crs-in-practice