strongly it can achieve in the manner of sustainable development. BP’s policy statement commits the company to the safety and development of their people and the communities and societies in which they operate. Its sustainable review says BP is responsible for their operations and is accountable for setting high standards within them. It also elaborates BP support relevant external standards. Particularly BP supports the UN Global Compact‚ which sets out series of principles for corporate responsibility
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consider the needs of the environment and the destinations that are on high demand. Although there are current developments towards a corporate social responsible way of approaching new business model at this stage the airline industry‚ and the governments are failing to meet the demand of a sustainable future. What is Corporate Social Responsible (CSR) CRS is an environmental and socially friendly approach towards how we do business. It is the moral initiatives taken by the stakeholders around
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Corporate social responsibility – a PR invention? Peter Frankental The author Peter Frankental is based at Amnesty International‚ London‚ UK. Keywords Public relations‚ Governance‚ Social responsibility‚ Community relations Abstract Considers the paradoxes inherent in the phrase ``corporate social responsibility’’. These include procedures of corporate governance‚ the market’s view of organizations’ ethical stances‚ the lack of clear definition‚ acceptance or denial‚ the lack of formal mechanisms
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McWilliams‚ Siegel and Wright (2006) believed‚ CSR refers to the enterprise bears legal responsibility to the shareholders and make profits at the same time. Furthermore‚ it has to be responsible for employees‚ consumers‚ community and environment. With the economic and social progress‚ the enterprise is not only responsible for profit‚ but also to the environment‚ and bearing corresponding social responsibility. For these reasons‚ it is argued that first of all‚ the enterprises should undertake their
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Shelby Dinkel Wagoner English IV 28 November 2012 Death Penalty: Morally Wrong? Appropriate Punishment? Since 1976 when the death penalty was reinstated by the United States Supreme Court there has been approximately 1‚317 convicted criminals executed. Out of those executed‚ 12 were female. These executions have been held in 34 different states with Texas being the highest at 37 percent. The majority of the time lethal injection and the electric chair were used. However‚ gas chambers‚ hanging
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profit for shareholders”- McIntosh et al‚ 1998‚ Pg. xi. Freidman’s Efficincy Perspective of Ethics Shareholders Hurt Shareholders Benefit Mistakes Managerially Responsible Managerially Irresponsible Managerially Responsible Society Hurt Society Benefits The next two views are that the firm act consistently with the law and that good ethics means good business- this is the approach that appears to be taken by most businesses. The
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A theme essay on Leadership in the Age of Transparency in context of Nepal. Prepared by Group B Nabin Thapa‚ Anju Sharma Dhirendra Chand Shekhar Ojha Saajana Poudel Pratima Regmi Trishna Upadhyaya Introduction Companies have long prospered by ignoring what economists call “externalities.” Now they must learn to embrace them. In economics‚ an externality is the cost or benefit that affects a party who did not choose to incur that cost or benefit. It is a consequence of an economic activity
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summary…………………………………………………………………..3 Introduction……………………………………………………………………………5 Background information on ethical investments………………………….........5 1.1. What investors consider when investing ethically?..............................5 1.2. Whether socially responsible investments are profitable or not?.......6 Evaluation of Westpac in terms of ethical investing…………………………...8 2.1. Ethical corporate behavior…………………………………………………..8 2.2. Respect for the rights of their employees………………………………..9 Evaluation
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Hematollah Safi‚ Hengameh Samie‚ Patrycja Dominik. Numerous research papers are devoted to the relationship between Corporate Social Responsibility and a given company ’s financial result. CSR has been identified as the duty of organizations to be responsible for their environment and for their stakeholders‚ in a way that takes into account not only financial aspects (Go ̈ ssling and Vocht‚ 2007). A particularly broad definition of CSR was presented at the World Business Council for Sustainable Development:
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their business may have on the environment. The practice of CSR by industrial companies is in vogue these days because of the fact that they have contributed to polluting the environment. With growing public awareness and demand for true socially responsible businesses‚ it is little wonder that companies of today take CSR into account when planning future business operations. When you look at the research and metrics‚ it is becoming clear to most companies that CSR can also improve profits. They
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