The Representation Of The Corporate Social Decisions And Activities

With the rapid development of social economy, the public tends to focus on the social responsibility of the company, as well as feedback to the society, rather than pay close attention to how to create interest in the company. Especially, environmental protection and human rights has became the most pressing social phenomenon. Under this

According to the relevant analysis, a couple of recommendations been derived in relevance to legitimize corporate social and environmental disclosures via social contract and natural rights. Each government plays a vital role around the globe in producing effective elements on policies and regulation to promote an eco-friendly environment and efficient way of using resources.

Nowadays, many international companies take sustainable development seriously. They understand that sustainable development can enhance their quality of life and their reputation in public. Sustainable development is "development that meets the needs of the present without compromising the ability of future generations to meet their own needs." (Brundtland, 1987) Sustainability requires monitoring and managing all the person to ensure that our economy and society can continue to exist without destroying the social and natural environment during development. The sustainability includes three pillars, which are economic, social and environment, forming a triple bottom line. The triple bottom line demands that a company 's responsibility lies

Corporate social responsibility can simply be identified as a duty, which is not a legal obligation lately, under very much consideration by every multinationals, as well as the growing firm. The ongoing concern is meant to increase the awareness between the business Individuals, to implement and draw line which should clearly indicates that what social obligation an organization has towards the society.(Caroll,1970) (Caroll, Archie, B.(1991). The pyramid of corporate social responsibility is towards the moral management of organization stakeholder.

7.2 Interview: I will be conducting interview with Managers of both companies and try to

With the recent corporate scandals involving such companies as Enron and Martha Stewart, the concept of corporate social responsibility (CSR) has once again made its way to the forefront of contemporary management ideologies. However, CSR itself is not a new concept. In fact, societies as far back as the Ancient Mesopotamians (circa 1700 BC) incorporated CSR in their businesses. "King Hammurabi introduced a code in which builders, innkeepers or farmers were put to death if their negligence caused the deaths of others, or major inconvenience to local citizens." With each new "Enron" managers of similar corporations are suddenly placed in the spotlight, causing plans to be put into action to create a more socially responsible company.

In recent years, Corporate and Social Responsibility has become an ever increasing concern and source of community debate. It is now socially accepted that corporations have some ongoing responsibility, though sometimes ignored, to set a good example, make decisions based on social good and on ensuring positive environmental practices.

Anyone who owns public shares in a company has invested hard-earned money into a corporation based upon their perception that the company will be profitable and sustainable. The corporation’s board of directors are then responsible to manage the company in such a way as to increase their share-holders’ investment. For hundreds of years, this attempt to increase a corporation’s worth was done with little or no interest in social responsibility. Until very recently this topic was not very much in the public eye. However, at the moment the global economy is rapidly changing and business transparency is increasing through the accessibility of information across the world. Social and global change is moving faster than ever and progressing

Factors Nowadays, the more appropriate question needs to be answered is no longer to what extent should a corporation include the society in their business operation but how to do it and use it as the river for organizational success (Epstein et al, 2006). In recent years, ethics and social responsibility have been playing an important role in the business world including in oil and mining industries. The pressure towards society and ethical conducts are higher than ever. Although every oil and mining multinational corporations economic missions are acknowledged, it is now their responsibility also to address public concerns. Oil and mining industries are known as the subject of scrutiny and bad press related with ethics and CSR concerns (Lins & Horwitz, 2007). The interest on CSR and ethics are always fore-fronted to the mining and oil corporations (Kapelus, 2009). The idea was developed since a long time ago, where multinational corporations are demanded to provide community development packages and assistance to their host communities (Amaewhule, 1997). Every business person, regardless their position in the hierarchy, company geographic details or even its products and services are now facing the same challenge which is how to define their corporation role for the society.

While it is important for a company to make a profit, a business also has a responsibility to help better the community, this is referred to as a company’s Corporate Social Responsibility (CSR). Some elements of CSR that corporations focus on are sustainability, community service, and consumer affairs. A company’s CSR is featured on its website, however, some corporations fail at following through with their social and environmental responsibilities. For example, Gazprom, a Russian company focused on exploring new ways to use natural gas, plays a large role in the destruction of many natural environments. Gazprom was founded in 1989 and it is headquartered in Moscow, Russia. Gazprom’s website highlights many charitable acts done by the company, but it does not mention much of what the company has done in terms of the environment. This is because Gazprom is notorious for being environmentally unfriendly. Not only is Gazprom unconcerned with the environment, the company also abuses its strong market power and charges unfair prices to customers.

Corporate social responsibility is an adjusted methodology for organizations to address monetary, social and natural issues in a manner that plans to profit individuals, groups and society. Morals are complex and interactional ideas and beliefs and are an origination of good and bad conduct, characterizing for us when our activities are good and when they are improper. Business morals, then again, is the application of general moral thoughts to business conduct (Fernando, 2013). For any organization to set up they must be socially responsible and follow the business ethics and these are the minimum qualities they must possess in order to progress further in addition to other many other things and this is where the clash begins. The organizations come into dilemma whether they could fulfill social responsibilities and do business at the same time. At this point, Code of conduct and corporate governance principles that were set by government bodies should be followed by the organization in order to do business being socially responsible. Codes of ethics are

The aim of this paper is to explore Corporate Social Responsibility in the framework of business ethics. Companies, in this modern day and age, are urged to show more responsibility towards society while operation their businesses. According to Milton Friedman, “there is one and only one social responsibility of business: to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and

The founders played a big part in bringing success to the company. First, the founders positioned the company as a socially responsible entity that was really concerned with the welfare of society and the environment at large. As an example, the company was actively involved in supporting the World Wildlife Fund and planted 52 million trees. The founders believe that corporate social responsibility initiatives were not meant to boost the image of the company but to ensure environmental sustainability. Secondly, the founders also successfully adopted a decentralized business model that allowed workers to feel empowered. For instance, various teams in the company played a big part in negotiating critical business deals such as the

The perceptivity of sustainability is both in the sense of achieving long-term success and as survivability of a corporation (Zink, Steimle & Fischer 2008). Dunphy, Griffiths and Benn (2003) conceive corporations as channels of social purpose, constructed within society to attain useful social objectives. Henceforth, corporate social responsibility commits a significant role towards the sustainability of corporations. Both corporate social responsibilities and sustainability, and its related concepts influence all aspects of business. Chandler and Werther (2010) acknowledge the understanding of corporate social responsibilities as an

W. Visser claimed [2] that, CSR is ' ' the formal and informal ways in which business makes a contribution to improving the governance, social, ethical, labour and environmental conditions of the developing countries in which they operate, while remaining sensitive to prevailing religious, historical and cultural contexts . ’ '