Corporate Social Responsibility

Dacanay, Jerralene F.

BSF- 3A

What is a Corporate Social Responsibility?

A Corporate Social Responsibility refers to a code of conduct and action beyond what is required by laws, regulations and trade rules.

Corporate social responsibility can be anything from a corporation taking steps to operate in a clean, ecologically friendly way, to social and ethical educational programs for its employees, to various charitable endeavors and community involvement.

The concept of corporate social responsibility means that organizations have moral, ethical, and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply with the law. A traditional view of the corporation suggests that its primary, if not sole, responsibility is to its owners, or stockholders. However, CSR requires organizations to adopt a broader view of its responsibilities that includes not only stockholders, but many other constituencies as well, including employees, suppliers, customers, the local community, local, state, and federal governments, environmental groups, and other special interest groups.

CSR encompasses the economic, legal, ethical, and discretionary responsibilities of organizations, business ethics usually focuses on the moral judgments and behavior of individuals and groups within organizations.

However, there are underlying issues under Corporate Social Responsibility. First is the Contemporary Social Issue. Corporations deal with a wide variety of social issues and problems, some directly related to their operations, some not. It would not be possible to adequately describe all of the social issues faced by business. This section will briefly discuss three contemporary issues that are of major concern: the environment, global issues, and technology issues. There are many others.

Environmental Issues: Corporations have long been criticized for their negative effect on the natural environment in terms of wasting natural...