Corporate Social Responsibility Flashcards
Name the three spheres of sustainability
Environmental, economic, social
What are the three P’s of sustainability?
People, planet, profits (triple bottom line)
Explain the CSR maturity curve
- Compliance
- Integration
- Transformation
Several sources describe an organization’s evolving approaches to CSR as moving upward along a maturity curve: from a purely tactical, reactive approach, to a more strategically integrated position, to, finally, redefining core corporate values and goals based upon CSR (ethics and sustainability) principles.
A win-win situation in which the changed products, procedures, or processes have a positive impact on society and/or the environment but also on the organization’s bottom line.
Sustainability sweet spot
A change that does social or environmental good but costs the organization may be admirable but is not a sweet spot initiative.
Guidelines established cover the following topics:
Disclosure, Human rights, Employment and industrial relations, Environment, Combating bribery, bribe solicitation, and extortion, Consumer interests, Science and technology, Competition, Taxation
OECD Guidelines for Multinational Enterprises
(Organisation for Economic Co-operation and Development)
A quality standard that provides guidance on key themes of social responsibility. It contains principles of social and environmental responsibility as well as guidance for action and expectations for implementation. The standard provides definitions as well as principles and practices that can be used to develop CSR strategies.
ISO 26000
A reporting standards for economic, environmental, and social standards that improves transparency to stakeholders and enables consistent comparisons of organizations’ sustainability performance.
GRI Sustainability Reporting Standards
Because cultures vary so widely and greatly, everything is relative. There are no absolutes; everything varies based on the situation and the cultural perspective.
Cultural relativism
Creating economic value in a way that also creates value for society by addressing its needs and challenges.
Shared value by Porter and Kramer
Acting in a way that does not compromise future generations.
Sustainability
CSR Stategic Process (6 steps)
- Executive commitment
- Assessment
- Infrastructure creation
- Plan implementation
- Measurement, reporting & evaluation
- Reassessment & revision
a system of rules and processes that ensure compliance with laws, ethical norms, and a social code of conduct.
Governance
- Codes of conduct and compliance are part of governance. A social audit is something you would perform to determine if you are in compliance.*
- Good governance is the outcome of a thoughtful assessment of an enterprise’s legal, ethical, and civic obligations to the communities it serves and the development of systems that support fulfillment of these obligations.*
7 areas where HR can “advance sustainability”
Employee contract, recruiting, brand, engagement, how people work, accountability + measurement and training + leadership development
This is a defensive posture. Social responsibility is seen as a cost of doing business—a tactical response to regulatory requirements or negative publicity. Efforts may be a means of demonstrating good corporate citizenship, but they rarely align—and often directly conflict—with core corporate strategy.
Compliance
Stage when CSR is integrated into the regular functioning of the business. These organizations have redesigned their products or services and their processes and procedures to be more responsible and sustainable. They approach CSR as enlightened self-interest.
Integration
