Corporate Social Responsibility : Csr

Corporate social responsibility (CSR) is a term used to describe a company’s efforts to improve society in a certain way. These efforts range from donating money to an organization such as a nonprofit organization, to implementing environmentally friendly policies in the workplace. This idea is not required for companies; instead it is something that companies do to improve their communities. The way companies practice CSR is different from company to company, and some companies may not even practice it at all.

As corporate social responsibility (CSR) efforts continue to grow within industries world-wide, the pursuit of sustainably responsible investment (SRI) is becoming increasingly popular among investors looking to create a positive societal impact. Similar to ethical consumption, an organization’s sustainability initiatives can motivate investors to not only provide monetary support for their company (stock holdings), but to influence their business decisions through shareholder advocacy as well (Voorhis & Humphreys, 2011). Therefore, companies who highlight and publish their environmental, social, and governance (ESG) data are taking advantage of the increasingly popular market for SRI. In addition, community investing provides opportunities for investors to financially engage with communities directly in an effort to create social growth (Voorhis & Humphreys, 2011). Consequently, independent organizations and financial advisors are providing in-depth company research and industry examinations (screenings), which go beyond the financial aspects of investing and assist potential investors in their decision making processes. Within the power point presentation, a thorough analysis of both SRI and ESG factors are highlighted as well as their industry and investor significance. Furthermore, notable positive attributes of SRI are noted in an attempt to showcase its attractiveness along with specific examples of three corporations that have excelled in their ESG practices.

The term corporate social responsibility (CSR) is related to a bunch of behaviors that business and firms both undertake and to facilitate social and environmental targets and also to minimize the cost of potential society and environment that refers to business events. In addition, a sense of belongingness and motivation could be built by corporate social responsibility (Stawiski). As a hospitality enterprise with CSR, Holiday Inn has a couple of sustainable practices to address environmental and social challenges. For the environmental sustainability, Holiday Inn adopted IHG Green Engage System which is an online sustainability tool that helps their hotels manage waste, the use of water, energy and minimize the impacts on the environment. The organization also have CSR programs such as IGH Academy and Disaster Relief for the community. IGH Academy aims for people in the community to develop their skills by improving their employability and securing their jobs in the hospitality industry. For the Disaster Relief, Holiday Inn collaborates with local communities by providing financial support, supplies and accommodation in disaster time.

From a business perspective, researchers often argue that Corporate Social Responsibility (CSR) can improve the competitiveness of a company and that the CSR activities develop a favourable corporate image and their financial performance (Burke & Logsdon 1996). CSR is defined as the obligation of organisation management to make decisions and take actions that will enhance the welfare and interests of society as well as the organisation (Samson & Daft 2009). Some say that the significance of social responsibility has been changed up until today in that CSR activity may not achieve the intended effects and therefore believes that only one social responsibility exists; to use its resources and engage in activities designed to increase its

In many cases throughout the business world we are able to observe the common belief that corporate social responsibility (CSR) as a business entity is used among CEO’s as a driving force for business operation and strategy to gain competitive advantage. It has many benefits, including cultivating the wider society through positive externalities, increasing operating efficiency and improving brand image. Yet in contrast, some individuals who belong to the academic world such as Milton Friedman and R. J. Klonoski believe corporate social responsibility to be a “cloak for actions that are justified on other grounds rather than a reason for those actions” (Friedman, 1970). Throughout this essay we shall explore the ways in which adopting a socially responsible approach to business strategy and operation can affect a businesses ability to maintain competitive advantage in a market and how the adoption of this strategy can lead to a businesses downfall or success.

Corporate Social Responsibility (CSR) is a public accepted standard for referencing the daily operation of a business which emphasises sustainability. It is not about how a business spends their money, it is about the way it makes profit. Business with CSR will gain their positive image in customers’ mind as CSR is not a law or rule that company must need to follow. (Haynes K., Murray A. and Dillard J., 2013:10) It is also viewed as a combination of business ethical, social, legal, economic responsibility. In case of Walmart’s business, it is a global retailed store which labelled as low-cost seller. However, numbers of negative rumours arose like discrimination, hiring illegal labour and poor working condition and therefore damaged the image of Walmart. (Morrison, 2011:421) And therefore the tension exists between CSR and Walmart. In these few years, Walmart aims for rebuilding their reputation to change the stakeholders’ mind like customers, suppliers and shareholders.

Corporate social responsibility (CSR), has been the centre of debate since the last decade, with the increase in technology and globalization, company policies have come under a lot of scrutiny. Although this issue is not relatively new but with the hype of increasing media coverage and in the wake of high profile corporate scandals (Enron, WorldCom) the emphasis has mounted (Huczynski and Buchanan, 2013). Organizations play a vital and ever so increasing role in the lives of people, other organizations and the wider community in general (Mullins, 2013). Hence it is the responsibility of these organizations to act in such a manner that accommodates the wider society. In 1970, economist Milton Friedman once argued “the business of business

Corporate Social Responsibility (CSR) is highly important to Millennials. If a company is lacking a CSR plan, now it a good time to start one. Millennials are looking for ways in making a positive impact on the world and are expecting the same from companies. They are looking for companies that contribute to the betterment of communities and the environment. Millennials put great value in supporting such brands, companies and organizations that share these values. Companies without a CSR in place are potentially losing out on the millennial investor, consumer, and employee.

What are the major factors that lead a enterprise winning in overall of business today? Business experts will cite everything from high level of loyalty to personalized, mobile-friendly, shopping experience.Those considerations are certainly important. But apart from those, one thing may built good reputation for companies is that use profit to do good things in the world. Corporate social responsibility (CSR) is about a question of how does good business make a better society in future. CSR is not just about charity it refers to a business practice that involves participating in initiatives that benefit society). The main purpose of CSR institueion is to find out problem and develop understanding of the relationship between enterprise,

While it appears that the world’s companies are taking on a more conscious approach to the world around them, don’t be fooled. Most companies CSR efforts are directly tied to its bottom dollar. As CSR notes, "Since the 2008 crisis, those companies with a stronger reputation have performed significantly better (almost 2X the return) than the overall

Corporate Social Responsibility (CSR) is the intention of the companies to do the right things and act in certain ways that are good for the company, society and environment. CSR was accelerated in 1970 (Archie B, 2006) and took into account since there was a concern between the increased population and scarce resources. It was established in order to ensure that the global development is sustainable. There are three fundamental aspects of sustainability, economic progress, communities’ relationships and environmental protection. This essay will report the managerial skills, leadership style and management practises in leading and managing an organisation to promote better and greener environment. Considerable research has been undertaken on Toyota Motors Corporation.

Corporate social responsibility (CSR) has become more influential when making company’s decisions. 53% of the S&P, an index based on market capitalizations of 500 U.S. companies, has published CSR reports in 2012 as compared to 19% in 2011. An approach, suggested by Business for Social Responsibility, considers CSR as attaining commercial success through respecting people, community and the natural environment. McWilliams & Siegel (2011) added that CSR are actions that far beyond the company’s interests and the minimum requirement by the law.

Corporate social responsibility has become one of the most popular trends in today's world. CSR has now become an instrument to measure the company's interest in various issues that are not directly related to profit making. CSR also make aware of the public and media about the company's interest in the community. There are several reasons for a company to set up its corporate social responsibility. First of all, having a CSR policy and activities improves the public image of the company to a greater deal. It has been found that company's reputation is always built on its CSR programs besides its services and products (Cheng, Ioannou, & Serafeim, 2014). Therefore, most of the companies start their CSR policies and share those to the world so that everyone should be aware of the activities organized by the corporation for the

CSR stands for Corporate Social Responsibility. Corporate Social Responsibility (CSR) is defined by many groups like, Tata steel, Coca Cola, Reliance, Videocon etc. Although they all stand for similar meanings connecting to taking responsibilities of the society as a business individual, its definition has been getting broader from a established point of view, corporate social responsibility is a type of business instruction included in a business demonstration. CSR policy functions as a self-regulatory system whereby a business monitors and ensures its active consistency with the strength of the law, ethical standards and global norms. CSR aims to hold responsibility for corporate actions and to support a positive impact on the surroundings and stakeholders including clients, workers, investors, communities, and others. Corporate Social Responsibility (CSR) has been a growing subject for last two decades. It had been developed in US and Europe simultaneously from many years. Since the beginning of the new concept, global companies adjust their policy of conduct and moral rules to be able to establish the relation between their stakeholders that they are a responsible business article and that the profit given back to the shareholders are not from immoral practices. CSR involves multiple stakeholders, including the government, shareholders, employees, consumers, media, suppliers, NGOs, and the general public and volunteerism to doing the business in a responsible way.

As the European Commission defined, Corporate Social Responsibility (CSR) is “a concept whereby companies integrate social and environmental concerns in their operations and in their interaction with their stakeholders on a voluntary basis.”