fact‚ 95 per cent of the 250 largest global companies now report on their CSR activities (KPMG‚ 2011). The main focus of this paper is to critically discuss corporate social responsibility initiatives of multinational corporations operating in global arena and to build around the idea that in order to stay competitive and at the same time remain as ‘responsible entity’ in the eyes of stakeholders MNCs ought to implement CSR initiatives as an integral part of their business strategies in the context
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The International Standards Organization (ISO) has created an international standard for the social responsibility of private (corporate) and public sector organizations. ISO 26000 establishes seven core subjects of social responsibility‚ all of which are parts of most current CSR definitions: ∙ Organizational governance 有 ∙ Community involvement and development 有 ∙ Human rights 有(但少) ∙ Labor practices 有 ∙ The environment 有 ∙ Fair operating practices (好似無) ∙ Consumer issues 有 The seven core subjects have a substantial focus on stakeholder management and ethical
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a strong focus on corporate social responsibility (CSR) since its inception 100 years ago‚ although until recently it has not necessarily been adept at making the public aware of its “doing what’s right” culture (Veleva‚ 2010). Dr. Veleva’s 2010 case study‚ “New Balance: Developing an integrated CSR strategy”‚ examines the company’s history and corporate culture‚ and describes how in 2006 it started to approach CSR more formally‚ creating a CSR steering committee. In 2008‚ the company engaged the
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Introduction Hindustan Unilever Limited (HUL) is India’s largest Fast Moving Consumer Goods Company with a heritage of over 75 years in India and touches the lives of two out of three Indians. HUL works to create a better future every day and helps people feel good‚ look good and get more out of life with brands and services that are good for them and good for others. With over 35 brands spanning 20 distinct categories such as soaps‚ detergents‚ shampoos‚ skin care‚ toothpastes‚ deodorants‚ cosmetics
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maximisation of profits‚ there seems to be a clear deficit of social values and commitment to serving society. This essay will turn the light on how business organisations’ ultimate aim is to generate profits and CSR activities are secondary if not often ignored. The essay takes the position that CSR initiatives are recently being acknowledged as not only beneficial to society but equally beneficial to business over the long term. The lure of quick profits has now demonstrably hurt the credibility of big
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Fashion Industry China: CSR Case Subject Submission Date Class Team Members CSR cross-analyses on fashion Industry Tuesday 15‚ 2012 MBA Pudong – Corporate Social Responsibility Christiane Pagsisihan Damien Dandelot Jose Antonio Mallen Tendai Chitapi Vera Boisa Harbhajan Khalsa Executive Summary The research paper trough four main Corporate Social Responsibilities (CSR) issues (Children Labor‚ Working condition‚ Environmental impact and Environmental Sustainability) indicates several glaring
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AngloGold Ashanti An Analysis of CSR Strategy & Performance Essay 1 By: S. BLIDI ELLIOTT Index No.: EMBA 10110042 Course: Ethics‚ Social Responsibility and Governance Course No.: EMBA 663 Lecturer: Dr. Judy N. Muthuri Date: September 28‚ 2012 Word Count: 5‚709 This essay is the first of a two-part series critically examining the corporate social responsibility (CSR) strategy and performance of AngloGold Ashanti (AGA). This first essay analyses the company’s CSR strategy and activities against
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Corporate Social Responsibility 2012 IKEA Case Analysis I. Analyze: Identify Issue and its Scope The primary CSR issue reflected in this case is the use of child labor by one of IKEA’s Indian carpet supplier. The supplier was explicitly made to sign the contract which restricted the use of children below the age of 14 to be used as laborers. The practice of child labor is considered exploitative by many international organizations and is illegal in many countries. The fifth principle
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CHAPTER 1 WHAT IS CSR? eople create organizations to leverage their collective resources in pursuit of common goals. As organizations pursue these goals‚ they interact with others inside a larger context called society. Based on their purpose‚ organizations can be classified as for-profits‚ governments‚ or nonprofits. At a minimum‚ for-profits seek gain for their owners; governments exist to define the rules and structures of society within which all organizations must operate; and nonprofits
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_______________ Adv Prof Dev & Res: Project Proposal and Plan Page 1 Mayur Sojitra 000594653 STUDENT NAME: MAYUR POPATLAL SOJITRA STUDENT ID NUMBER: 000594653 PROPOSED TITLE FOR DISSERTATION: Pharmaceutical Industries and CSR in India: Relationship between CSR Activities and Financial Performance of Pharmaceutical Industries Project Overall Aims and Objectives The modern base of globalisation and ethical behaviour has considerably changed the basic philosophy of Corporate Social Responsibility
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