Jade C.

Cezar Enabling Assessments

OFA 21

The ABC of Corporate Social Responsibility (CSR)

A- Accountability (C) : Accountability refers to the performance of a publicly traded

company in nonmonetary aspects such as social responsibility and sustainability.
Accountability contends that financial performance should not be the only important goal
of an organization and that shareholders are not the only people to whom the company
mustbe liable; stakeholders, such as employees and community members, also necessitate
accountability. Accountability affirms that companies should be held legally responsible
for the implications of their actions on society and the environment.

B- Behavior (C) : Behavior in corporate socially can be ethically responsible for

individual’s duty in fulfilling their civic duty and the actions of individuals must be of
benefit to society as a whole. Ethical responsibility is the ability to recognize, interpret
and act on multiple values and principles in accordance with the standards in a particular
field and context.

C- Core Subjects (C) : ISO 26000 underlines main areas of corporate social responsibility.
Core subjects cover a variety of topics, but it is the responsibility of each company to
recognize issues that really matter and important to their stakeholders and/or need to be
addressed. Accountability, transparency, ethics and stakeholders should be considered in
the decision-making process of the company.

D- Diversity (C) : Diversity amongst workers is the most common subject of CSR work on
diversity. Workplace diversity means creating and preserving a diverse workforce and
seeking to ensure that all workers can actively contribute their ideas to business growth at
all levels and through all roles.

E- Economy (BP) : Corporate social responsibility has the ability to recognize, interpret and
act on multiple values and principles in accordance with the standards in a particular field
or context. One of this is maintaining the safety and security of society that creates a
balance between economic growth and the welfare of the society and the environment.

F- Fraud (BP) : CSR among organizations have less likely to have fraud severity.
Transparency is one of the important principle that highlighted and observed actions of a
corporation. Being transparent in business means that your company is open and
accountable and that your policies and programs are visible to the general public that
lessens the acts of fraudulent activities within.

G- Green Marketing (BP) : Green marketing is an effort on the part of organizations to

develop products and services that either help or at least do not hurt the sustainability of
the natural environment. It would describe efforts by automakers to make cars that
consume less fuel and create less pollutants; by large appliance manufacturers to produce
 appliances operating with lower power consumption; and by chemical companies to
produce → chemicals in a way that cause fewer noxious effects on the quality of the air,
→water, or soil.

H- Human Rights (C) : One of the essential principle of ISO 26000, these are fundamental
rights that the organization needs to respect and comply. In circumstances where human
rights are not protected, take measures to respect human rights and refrain from taking
advantage of such contexts and where the law or its implementation does not provide for
sufficient protection of human rights, comply with the principle of respect for
international norms. Responsible organizations value human rights and accept their
significance as well as their universality.

I- ISO 26000 (C) : It is defined as an international standard developed to help organizations

effectively assess and address social responsibilities that are relevant and relevant to their
mission and vision; operations and processes; clients, employees, communities and other
stakeholders; and environmental impacts. ISO 26000 presents a comprehensive
documentary evidence of social responsibilities, including core subjects and issues
pertaining to those subjects.

J- John Elkington (P) : He is known for introducing the Triple Bottom Line concept that
underlines three elements: profit, people and the planet. In 1994, he countering the
narrower focus on the then fashionable term → eco-efficiency, which focused on the
financial and environmental dimensions of performance.

K- Kyoto Protocol (BP) : An environmental approach that targets Japan that minimizes
environmental issues while doing business activities. Kyoto Protocol operationalizes
the United Nations Framework Convention on Climate Change by committing
industrialized countries and economies in transition to limit and reduce
greenhouse gases (GHG) emissions in accordance with agreed individual
targets.

L- Labor Practices (BP) : Good labor practices can be demonstrate by treating workers
equally and ethically. This is particularly true of corporations located in foreign locations
with labor standards that vary from those in the United States.

M- Model of CSR (C) : These are Triple Bottom Line by John Elkington that consists of
three elements: profit, people and the planet. Carroll’s model of CSR includes the
economic, legal, ethical and discretionary (philanthropic) expectations that
society has of organizations at a given point in time, Economic obligations are,
therefore, seen to be moderated by ethical responsibilities or social expectations
and norms. The stakeholder model is often associated with R. Edward Freeman,
whose seminal analysis of the stakeholder approach to strategic management in
1984 brought stake holding into the mainstream of management literature
(Freeman, 1984).
N- Normative Corporate Social Responsibility (C) : Wherein it suggests that
corporate conduct needs to be legitimized to basically every human being. While
this approach is philosophically sound, it is limited by its practical feasibility.

O- Organizational Governance (C) : One of the seven core subjects and issues
pertaining to social responsibility. Organizational governance is a holistic
approach encompassing the processes, standards, rules, and practices an
organization follows. It guides operations and administration, ethics, risk
management, compliance, and more.

P- Philantropy (C) : Philanthropy is an altruistic action designed to promote the

good of society. In the context of CSR, philanthropy falls into the social sphere,
but outside of a company’s core operations. While philanthropy by corporations is
very important and contributes to society’s well-being, its core operations are
CSR ’s primary focus, and have the potential for greater impact.

Q- Quid pro quo (C) : It is a sexual harassment occurs when employment, pay,
benefits, title, position, or other opportunities for advancement or training are
conditioned on the submission to unwelcomed sexual advances. Is immoral and
illegal whether it is implicit or explicit or explicit because it is considered as
unethical practice of doing something within mutual agreement.

R- Respect for the law (C) : Is one of the seven underlying principle of corporate
social responsibility. The Rule of Law is the foundation of a civilized
society. It establishes a transparent process accessible and equal to all. It
ensures adherence to principles that both liberate and protect.

S- Stakeholder’s Theory (C) : Stakeholder theory is a managerial theory about

business. It asserts that business can be understood as a set of relationships
among groups which have a stake in the activities of that business. Stakeholders
are those individuals or groups that can affect or can be affected by the
achievement of the firm’s core purpose.

T- Transparency (C) : Transparency is a principle of ISO 26000 that refers to

willingness and ability to disclose statistics for financial performance that are true
and accurate. Industries with financial difficulties and complex business
structures that cannot be understood are riskier and less valuable investments. 2
Transparency describes the extent to which outsiders can observe the actions of
a corporation.

U- Universal Principles (C) : These includes accountability, transparency and

sustainability. It gives flexibility for an organization to consider its own socially
and environmentally significant factors and plan accordingly without being
compared favorably or unfavorable with organizations with different priorities.
 V- Values (C) : Values play a central role in CSR. Social responsibilities of business
and stakeholder expectations regarding corporate behavior normally reflect the
values held by those constituencies. Values can have cultural, philosophical,
religious, or customary justifications and normally differ considerably between
individuals, nations, regions, and socio-economic groups.

W- Whistle-Blowing (C) : The act of publicly raising concern about perceived

wrongdoing within an organization is referred to as whistle -blowing. The term is
derived from the physical act of blowing a whistle to alert others that a crime is
being committed, as practiced by British police officers. A concern can be raised
either internally (e.g. by making use of a confidential mechanism such as a
hotline) or externally (usually by approaching the media).

X- Xenodochial (C) : In respecting stakeholder’s interest, members of corporation

or organization should be xenodochial. Xenodochial is a highly intellectual
sounding word for friendly. In highlighting seven principles of corporate social
responsibility that includes respect for stakeholder’s interest.

Y- Yeoman’s work (C) : Corporate social responsibility done a yeoman’s work in

regulating business to be social accountable-to itself, its stakeholders and to the
general public. Through this companies and other business entities can operate
in ways to enhance society and the environment instead of contributing
negatively to them.

Z- Zen of CSR (C) : The ‘Zen of CSR’, to playfully coin a phrase, refers to a
perspective on CSR as a way of being, rather than a form of doing. The Zen of
CSR also suggests that CSR has transformative power – that both companies
and individuals can be changed by engaging with CSR, which points to a newly
emerging literature on CSR as a form of self -transcendence.

References:

https://asq.org/quality-resources/iso-26000
https://www.investopedia.com/terms/c/corp-social-responsibility.asp
https://www.pdfdrive.com/the-a-to-z-of-corporate-social-responsibility-
e156661933.html?fbclid=IwAR1j6rav-GyKC3ssLkuV3cUWZNjKt21C5Xkb1Zd-
eMLBTbIFIBQrdc2wyz8
https://dlsud.edu20.org/files/5574304/ISO26000_jc.pdf?
lmsauth=24c123ecefa6841858b64609fb9dc5d6cdb26ef7