Chapter 7 I. Flashcards
relates to minimizing the potential adverse effects of CSR on local communities, environments and markets when it is imposed through international supply chains and investment.
Defensive justification
for public sector actors to engage with CSR is provided by the opportunity to increase the domestic public benefits of CSR practices in economic, social and environmental terms.
Proactive justification
Need to promote a new economic development model that would secure the needs of the current generation without giving any concession on the chance of future generation to enjoy theirs.
sustainable development and environment
It is expected from a socially responsible behavior standpoint that corporations should be consistent with principle of fairness and respect of basic rights.
Human and labor rights
It is necessary to involve the stakeholders in those relevant decisions that would contribute to the development of the host country.
Local economy and society
Form of deep-rooted managerial initiative into the philosophy of removing walls and facilitating free and easy public access to corporation information.
transparency
Adherence to the applicable set of laws—is the minimum requirement
Legality
Consumers’ organizations point the importance of a reliable information on the conditions of production and sale of the product, including any indication on the potential risks arising from their use and consumption.
consumers
are often outsourced in countries where human right protection is low or there are no environmental regulations, or tolerance of hard labor is high due to absence of choices (an ugly head of exploitative conduct).
Supply chain