Compliance with laws and regulations is a starting point for becoming a socially responsible company, not only because the legal standards are generally instructive minimum guidelines, but also because failure to adhere to laws and regulations will bring adverse public attention to the company and...
Williams reported that the topic of corporate responsibility has been given increasing academic attention in the past decades, citing data collected and analyzed by Devinney that showed that the number of articles relating to the topic had risen significantly in various journals devoted to environmental...
Avuso et al. argued that in order to align with stakeholders' interests and create long-term value, organizations need to develop, apply, and maintain the necessary management competences and capabilities to deal with stakeholder concerns over time.[1] According to Draper, structured CSR dialogue, often referred to...
While certainly part of the broader project of CSR implementation and integration, governance and management issues are often separated for deeper consideration. The foundation of effective CSR activities is strong governance and management systems and clear, predictable and transparent processes that allow companies to identify...
After gaining an understanding of the core subjects of CSR and identifying the potential business benefits associated with CSR initiatives and programs, the next step for companies aspiring to enhancing their sustainability is implementing CSR and integrating the associated strategies and principles into all aspects...
While presumably the prospect of “doing good” is a compelling reason for companies to consider implementing CSR initiatives, the reality is that managers must develop a solid business case for investing the company’s resources in CSR activities, a process that calls for identification of the...
CSR is a complex subject that has attracted widespread interest and generated a far-ranging array of definitions, dimensions and models. In order for companies to anchor their CSR focus, they need to identify and understand the core subjects of CSR and the specific issues associated...
Once your company has finalized and published its CSR commitments, attention needs to turn to the actual implementation of those commitments, which includes the day-to-day decisions, processes, practices and activities that are required in order for the company to adhere to its commitments and effectively...
According to the authors of Sustainable Business: A Handbook for Starting a Business, published and distributed by New Zealand Trade and Enterprise, there are two types of principles for sustainable business: operational and strategic. Operational principles were described as being practical and addressing the questions...
Legal and regulatory requirements pertaining to sustainability are proliferating and consumers and other stakeholders are demanding information about sustainability-related issues and problems that go beyond that which may be required by governments. For larger companies with complex supply chains, this means that they must establish...