CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions‚ balancing the needs of stakeholder with their need to make profit. A company’s stakeholders are all those who are influenced by and can influence a company’s decisions and action‚ both locally and globally. Business
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dimishes the necessity of a common and shared territorial basis for social economic and political activities‚ processes and relations Globalization include cultural‚ legal and accountabiliy issues for business ethics Who are the key actors and stakeholders? Environmental pollution and destruction of local cultures Many companies have sustainability statements We need to combine the economic‚ social and environmental – therefore we focus on the triple bottom-line as
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POLYTECHNIC UNIVERSITY OF THE PHILIPPINES COLLEGE OF ACCOUNTANCY STA. MESA‚ MANILA CORPORATE SOCIAL RESPONSIBILITY AND GOOD GOVERNANCE NORTHERN CEMENT CORPORATION Group 5 Bergonia‚ Noel A. Labiste‚ Janet T. Manarang‚ Shalla Marie C. Maestrecampo‚ Diana A. Miguel‚ Sherelyn A. Mora‚ Angelina G. Rance‚ Sarah Jane M. BSA H 3-2D PROF. GLORIA TOLENTINO-BAYSA PUP‚ CoA INTRODUCTION One of the important components in constructing a house is cement. It binds the materials to build houses
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reports that showcase companies’ social and The Ratings Game environmental good deeds. Of the 250 largest multina- tional corporations‚ 64% published CSR reports in 2005‚ either within their annual report or‚ for most‚ in separate sustainability reports – supporting a new cottage indus- Measuring and publicizing social performance is a po- try of report writers. tentially powerful way to in uence corporate behavior – Such publications rarely offer a coherent framework assuming that the
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Corporate Social Responsibilities Tony Fernandes‚ CEO of Kuala Lumpur-based Air Asia started a low-cost airline at a time when everyone thought he would fail. He placed high emphasis on his workforce and flexible HR strategies. During the past few years‚ Air Asia has become one of the best low-cost airlines in Asia and it has also boosted its CSR efforts. Fernandes’ basic sense of CSR starts with his people: Air Asia was one of the first airlines in Asia to hire female pilots. He says that his staff
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the six key strategic building blocks of successful organizations. There are five key aspects of culture and these include customer-client orientation‚ employee orientation‚ performance standards‚ openness to change and company norms. Culture is the social glue that helps hold an organization together by providing appropriate standards for what employees should say or do. In this module‚ Values were also discussed. The values of an organization express what it stands for and guide everyone’s behavior
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pressure on her to think of a ghost story it is not surprising she thought of a horror story that would still be popular in the 21st Century. <br> <br>Now I have explained where the story came from and why it is as it is I will explain the social responsibility it brings up and how it is still important today. <br> <br>Looking after something you create is one point it brings up. Frankenstein created his creature so he should have looked after it but instead just because he didn’t like the way it
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Akureyri 26/02/2012 Answer: Over the past years‚there has been a shift by oil and gas companies to Corporate Social Responsibility(CSR).[1]CSR is a self regulatory policy whereof businesses monitor and ensure it actively complies with the spirit of the law‚ethics and international rules.In the case of oil companies‚ most have failed to effectively meet its economic‚social and environmental responsibilities.Thus often discrediting the genuineness and reliability of the CSR policy most especially
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Companies have a social responsibility to perform and behave in particular ways. A company has a responsibility to ensure that any stakeholder’s needs are being met. The Toyota Corporations history and goals are as follows; “Toyota Motors is a Japanese automobile manufacturer founded in 1933. Toyota accounts for 78 percent of all the hybrid gas/electric cars sold in the United States. They are working to become the largest car-seller in the world‚ and in the first quarter of fiscal year 2007‚ for
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Corporate Social Responsibility Q1. Discuss the CSR Practices of any one organization of your choice. A: The World Business Council for Sustainable Development in its publication "Making Good Business Sense" by Lord Holme and Richard Watts‚ used the following definition. "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the
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