Definitions Flashcards
codes and frameworks
gives guidance on what companies should be following
business case
argument and rationalisation for why companies should involve themselves in the csr cause
The New thinking (porter)
business profits from solving social issues
corporate accountability
who is accountable for the companies operations within csr for the stakeholders
stakeholder theory
a theory that believes the purpose of the firm is to create return for its stakeholders
csr
is concerned with the treating of stakeholders at a firm ethically or in a responsible manner
corporate citizenship
putting csr into practice through stakeholder partnerships, serving society and integrating financial and social performance
global reporting initiative
a network based organisation with a sustainability reporting framework that is widely used around the world
the triple bottom line
a framework for measuring a companies performance and added values in term of esp
greenwashing
when a company decieves their customers that their products are environmentally friendly
un global compact
pact that company makes with society based upon csr factors including human rights
sustainable business
a business that has minimal negative impact on the environment
stakeholder dialogue
face to face conversations between representatives of a company and its stakeholders about issues of common concern
critical management systems
want radical repositioning to the left
