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Corporate Social Responsible Definition

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Corporate Social Responsible Definition
GSB WORKING PAPER NO.62

Corporate Social Responsibility: A definition by Gail Thomas Graduate School of Business Curtin University of Technology Margaret Nowak Graduate School of Business Curtin University of Technology
CRICOS Provider Code 00301J

© Graduate School of Business, Curtin University of Technology, GPO Box U1987, Perth, Western Australia, 6001. Telephone 61 8 9266 3366, Fax: 61 8 9266 3368 ISSN 1323-7853 ISBN 1 74067 514 2 December 2006
Information in this publication is correct at the time of printing and valid for 2005, but may be subject to change. In particular, the University reserves the right to change the content and/or method of assessment, to change or alter tuition fees of any unit of study, to withdraw any unit of study or program which it offers, to impose limitations on enrolments in any unit or program, and/or to vary arrangements for any program.

Working Paper Series 62

Corporate Social Responsibility: A definition I

by Gail Thomas Graduate School of Business Curtin University of Technology Margaret Nowak Graduate School of Business Curtin University of Technology

Working Paper Series No. 62 (Curtin University of Technology, Graduate School of Business)

2

Corporate Social Responsibility: A definition
Introduction
Corporate social responsibility (CSR) has variously been described as a ‘motherhood issue’ (Ryan 2002, p. 302) ‘the hot business issue of the noughties’ (Blyth 2005, p. 30) and ‘the talk of the town in corporate circles these days’ (Mees & Bonham 2004). There seems to be an infinite number of definitions of CSR, ranging from the simplistic to the complex, and a range of associated terms and ideas (some used interchangeably), including ‘corporate sustainability, corporate citizenship, corporate social investment, the triple bottom line, socially responsible investment, business sustainability and corporate governance’ (Prime Minister 's Community Business Partnership). It has been suggested that



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Retrieved November 24, 2006, from InfoTrac database. Matilda Minerals 2006, Sustainability. Retrieved July 19, 2006, from www.matildaminerals.com/siteContent/sustainabledev.htm Mattera, P 2006, The 100 worst corporate citizens, July 1. Retrieved July 3, 2006, from www.alternet.org/module/printversion/37824 McAleer, S 2003, 'Friedman 's Stockholder Theory of Corporate Moral Responsibility ', Teaching Business Ethics, vol. 7, no. 4, pp. 437-51. McWilliams, A & Siegel, D 2001, 'Corporate Social Responsibility: a theory of the firm perspective ', Academy of Management Review, vol. 26, no. 1, pp. 117-27. Mees, A & Bonham, J 2004, 'Corporate social responsibility belongs with HR ', Canadian HR Reporter, vol. 17, no. 7, p. 11. Retrieved June 22, 2006, from ProQuest database. Ministerial Council on Mineral and Petroleum Resources 2005, Principles for Engagement with Communities and Stakeholders, MCMPR, Canberra. O 'Rourke, A 2003, 'A new politics of engagement: shareholder activism for corporate social responsibility ', Business Strategy and the Environment, vol. 12, pp. 227-39. Oketch, MO 2004, 'The corporate stake in social cohesion ', Corporate Governance, vol. 4, no. 3, pp. 5-19. Orlitzky, M 2005, 'Payoffs to social and environmental performance ', Journal of Investing, vol. 14, no. 3, p. 48. Retrieved July 11, 2006, from ProQuest database. Parliamentary Joint Committee on Corporations and Financial Services 2006, Corporate Responsibility: Managing risk and creating value, Canberra. Perrini, F, Pogutz, S & Tencati, A 2006, 'Corporate social responsibility in Italy: State of the art ', Journal of Business Strategies, vol. 23, no. 1, p. 65. Retrieved June 22, 2006, from ProQuest database. Post, FR 2003, 'A response to "the social responsibility of corporate management: A classical critique" ', Mid - American Journal of Business, vol. 18, no. 1, pp. 2535. 19 Prime Minister 's Community Business Partnership, CSR - Defined. Retrieved June 20, 2006, from www.partnerships.gov.au/csr/corporate_csr_defined.shtml Richards, EP 2003, 'Developing socially responsible business leaders: The Lubrizol experience ', Mid - American Journal of Business, vol. 18, no. 1, pp. 11-4. Ryan, C 2002, 'The reputation wars ', AFR BOSS. Retrieved June 22, 2006, from www.afrboss.com.au/printmagazine.asp?doc_id=22574. Schwartz, C 2005, 'Waking with dinosaurs on planet community ', Business Community Intelligence, July pp. 11-3. Sergeant, J 2005, Threats to our social licence. Retrieved July 19, 2006, from www.amro.com.au/index.cfm?p=1653 Sweeney, J 2006, 'How to measure corporate social responsibility ', Eureka Street, vol. 16, no. 6. Retrieved July 18, 2006, from www.eurekastreet.com.au/article.aspx?aeid=875. Tilbury, D & Wortman, D 2004, Engaging people in sustainability, IUCN, Gland. Turner, RJ 2006, Corporate Social Responsibility: Should disclosure of social considerations be mandatory?. Submission to the Parliamentary Joint Committee on Corporations and Financial Services Inquiry. Retrieved November 24, 2006, from http://www.aph.gov.au/senate/committee/corporations_ctte/corporate_respon sibility/submissions/sub05.pdf Van Marrewijk, M 2003, 'Concepts and definitions of CSR and corporate sustainability: Between agency and communion ', Journal of Business Ethics, vol. 44, no. 2/3, p. 95. Retrieved June 22, 2006, from ProQuest database. Wheeler, D, Colbert, B & Freeman, RE 2003, 'Focusing on value: Reconciling corporate social responsibility, sustainability and a stakeholder approach in a network world ', Journal of General Management, vol. 28, no. 3, pp. 1-28. Windsor, D 2001, 'The future of corporate responsibility ', International Journal of Organizational Analysis, vol. 9, no. 3, pp. 225-56. World Commission on Environment and Development 1987, Our Common Future, June 26, 2006. Retrieved June 26, 2006, from www.are.admin.ch/imperia/md/content/are/nachhaltlgeentwicklung/brundtland _bericht.pdf Zappala, G 2003, 'Corporate Citizenship and the Role of Government: the public policy case ', ed. DotP Library, Canberra. Zappala, G & Cronin, C 2003, 'The contours of corporate community involvement in Australia 's top companies ', The Journal of Corporate Citizenship, no. 12, pp. 59-. Retrieved November 24, 2006, from InfoTrac database. 20

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