CSR in Practice Flashcards
how much growth have frameworks and codes made?
15 years - rapid expansion
Inter-government - worried companies were gaining too much control
companies are keen for guidance on what they should be focusing on
Strengths of Codes and by who?
Jenkins 2001
provides opportunities for collaboration and innovation
represent a formalised and informed way
Weaknesses of codes
companies only pick best code that suits their companies
do not fit into all contexts and processes
Name two of the global eight and what are they?
Global reporting initiative: independant standards organisation that helps businesses understand their social impact
AccountAbility 1000’s: international professional institute dedicated to businesses understanding their social impact
What strategies exist for involving employees in responsibility practices?
responsibility employment practice
employee csr champions
Advantages and disadvantages of stakeholder engagement?
ad: ties employees to csr and company identity, increases morale and links to local community
dis:soft csr with limited impact on core business activity
manipulation of staff
Negative events that have occured in csr
Tim Nicholson
What is stakeholder theory
increasingly regarded as one of the touchstones of good corporate management
other practices included in the companies operations
the definition of stakeholder is widely contested miles 2012