The path for developing and pursuing a CSR or sustainability strategy will be different for each company and will depend on its unique characteristics and circumstances; however, it is generally recognized that an effective strategy must be based on accepting the need for organizational change,...
The legal department, particularly the general counsel, has a significant role to play in developing and implementing the corporate social responsibility (CSR) and sustainability initiatives of any organization. While CSR is often described as “going beyond the law,” a good deal of the work relating...
Rangan et al. pointed out that CSR had been subject to criticism from both sides of the ideological spectrum.[1] On the left advocates from civil society have often questioned the fundamental motivations of corporations’ actions under the umbrella of CSR, arguing that in most cases...
Sustainable entrepreneurship is based on the premise that companies need to move beyond focusing exclusively on short-term financial results for their owners and acknowledge and accept responsibilities to other stakeholders including investors, employees, regulators and society in general. In fact, at its core, sustainability really...
Businesses have long been called upon to comply with a range of formal laws and regulations in various areas related to sustainability-related responsibilities including laws and regulations pertaining to the environmental impact of their operations, the employment relationship, working conditions and health and safety standards. ...
Community engagement and investment is a multi-faceted activity that requires formal management and planning. Working with and in the community is part of the broader corporate social responsibility (“CSR”) activities of the company and this means that management should begin at the top of the...
According to ISO 26000 education and culture are foundations for social and economic development and part of community identity and efforts by organizations to preserve and promote culture and promote education are compatible with respect for human rights and important positive contributors to social cohesion...
Communities generally appreciate most of the tangible benefits that companies provide including jobs, support for local businesses and nonprofit organizations and assistance with maintaining the infrastructure upon which all community members depend. However, there is at least one other important thing that companies can do...
Most businesses, once they reach a certain size and level of resources, provide support for activities of organizations in their communities that are dedicated to address social issues or needs in the community. There is no shortage of issues that companies can focus on in...
The legal issues associated with the community engagement and investment activities of an organization will depend on the decisions made by the organization regarding the types of contributions that will be made (i.e., cash, in-kind, human resources etc.), the nature of the projects and activities...