Corporate Social Responsibility And Its Effects On...

Corporate social responsibility is something that is practiced in every company. However, every company is different and is portrayed in the way they complete their Corporate social responsibilities. Because of this, each company is unique, especially Ben and Jerry’s. Ben and Jerry’s needs very specific corporate social responsibilities and because they are environmentally friendly. First, what is CSR? CSR is corporate social responsibility, which â€Å"refers to business practices involving initiatives that benefit society. A business s CSR can encompass a wide variety of tactics, from giving away a portion of a company s proceeds to charity, to implementing greener business operations† (Sammi Caramela). â€Å"Corporate social responsibility is a corporation’s initiative to assess and take responsibility for the company’s effects on environmental and social wellbeing. The term generally applies to efforts that go beyond what may be required by regulators or environmental protection groups† (Corporate Social Responsibility). There are four main categories of social responsibility that many companies are partaking in: environmental efforts, philanthropy, ethical labor practices, and volunteering. As for environmental efforts, every company whether small or big has a large carbon footprint. Any movements a company makes to reduce that will benefit both the company and society as a whole. For philanthropy, companies are socially responsible for donating to large and small charities.Show MoreRelatedThe Impact Of Oil Exploration On Nigeria1027 Words   |  5 Pages 2004). It has however suffered the environmental impact of oil exploration with its attendant environmental degradation for years. Unfortunately, the influx of oil companies and the heightening of their operations in Niger Delta are not matched with an agenda for the development of Nigeria in general and Niger Delta in particular. The oil companies claim to have executed several projects in the host communities as part of their Corporate Social Re sponsibility. The claims include: construction ofRead MoreThe And Human Impact On Society1732 Words   |  7 PagesTime to Change – Where to Start? Financial reporting alone does not take into consideration the social, economic, and environmental responsibilities of a business. On the other hand, financial reporting along with sustainability reporting interconnects these responsibilities, and offers more comprehensive information about the financial and human impact on society. Sustainability reporting discloses other relevant information about a company that financial reporting lacks. Currently, laws and regulationsRead MoreCorporate Social Responsibility ( Csr )1281 Words   |  6 PagesCORPORATE SOCIAL RESPONSIBILITY Corporate social responsibility (CSR) could be essentially put as how organizations deal with their organizations, and the procedures embraced to viably deliver a general positive and enduring change inside the general public or the business environment where they work. Each business works in a regular social environment, and each business society contains the shareholders, clients, money related expert (Carroll and Buchholtz 2003, p. 36). Government, non-governmentRead MoreBusiness Sustainability : Managing The Triple Bottom Line1124 Words   |  5 PagesBusiness sustainability is managing the triple bottom line. It’s a process that companies manage their financial, social, and environmental risks, obligations, and opportunities. There are three different types of sustainability. 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In today’s business world any corporations who spend shareholder’s money if they invested any money in their company would be face with penalties and chargesRead MoreThe Impact Of Corporate Social Responsibility On The Companies912 Words   |  4 PagesCorporate social responsibility, often abbreviated as ‘CSR’ is an approach taken by corporate companies of different purposes of the welfare of their workers, customers and as well as paying attention to ecological maintainability and responsible advertising. The term ‘CSR’ started becoming popular since World War II and has been a subject of maj or debate over whether a firm should solely aim for making profits or also consider giving back to its society, therefore, corporate social responsibilityRead MoreEnvironmental Performance Management : Corporate Social Responsibility1052 Words   |  5 Pages Environmental Performance Management Corporate Social Responsibility (CSR) is a concept companies utilize to decide voluntarily in contributing to a better and cleaner environment. Growing concerns by leaders has realized the importance of CSR to maximize optimal profits of their firms. Companies integrate social and environmental concerns in their business operations as well as with their stakeholders on a voluntary basis. Labbai, (2007) defines CSR as a continuing commitment byRead MoreQuestions On Truth And Personal Ethics1083 Words   |  5 Pagesconduct. Para 3: Corporate social responsibility. Corporate social responsibility emphasises ones business to take initiative to evaluate and take responsibility for the effects on environmental and social state in which they operate. This term relates to the efforts that go beyond the standardised levels of the environmental and social requirements imposed by the government. Cooperate social responsibility advocates new problems such as an environmental responsibility, a firm s duties to its