Corporate citizenship involves businesses meeting legal, ethical, and economic responsibilities to shareholders while also improving standards of living and quality of life in surrounding communities. The most successful businesses balance the needs of shareholders with those of the community and environment. Corporate social responsibility deals with philanthropic and social initiatives as well as issues affecting the environment, consumers, human rights, and sustainability. Governments can play a role in the corporate social responsibility agenda by aligning business activities with public policy to increase corporate contributions to national development goals that vary between countries but include reducing corruption and improving human rights and poverty.
Corporate citizenship involves businesses meeting legal, ethical, and economic responsibilities to shareholders while also improving standards of living and quality of life in surrounding communities. The most successful businesses balance the needs of shareholders with those of the community and environment. Corporate social responsibility deals with philanthropic and social initiatives as well as issues affecting the environment, consumers, human rights, and sustainability. Governments can play a role in the corporate social responsibility agenda by aligning business activities with public policy to increase corporate contributions to national development goals that vary between countries but include reducing corruption and improving human rights and poverty.
Corporate citizenship involves businesses meeting legal, ethical, and economic responsibilities to shareholders while also improving standards of living and quality of life in surrounding communities. The most successful businesses balance the needs of shareholders with those of the community and environment. Corporate social responsibility deals with philanthropic and social initiatives as well as issues affecting the environment, consumers, human rights, and sustainability. Governments can play a role in the corporate social responsibility agenda by aligning business activities with public policy to increase corporate contributions to national development goals that vary between countries but include reducing corruption and improving human rights and poverty.
• Corporate citizenship involves the social responsibility
of businesses, and the extent to which they meet legal, ethical and economic responsibilities, as established by shareholders.
The goal is to produce higher standards of living and quality of life
for the communities that surround them and still maintain profitability for stakeholders.
All businesses have basic ethical and legal responsibilities,
however the most successful businesses establish a strong foundation of corporate citizenship, showing a commitment to ethical behavior by creating a balance between the needs of shareholders and the needs of the community and environment in the surrounding area. Philanthropy and Social Initiatives
Corporate philanthropy involves a corporation
making a direct contribution to a charity or cause, most often in the form of cash grants, donations, and/or in-kind services. Example: Indigo Books & Music Inc. founded the Indigo of Love of Reading Foundation in 2004 to address the underfunding of public schools, their libraries and the resulting literacy crisis. Through its Literacy Fund grant, the Indigo Love of Reading Foundation commits $1.5 million each year to 20 high-needs elementary schools so they can rebuild their libraries with new books and education resources • Corporate social responsibility not only deals with corporate philanthropy but also other issues that affect the environment, consumers, human rights, supply-chain sustainability and transparency for the greater good of the world at large. Businesses that integrate social responsibility into their missions acknowledge that their business processes have an impact beyond the company. Therefore, they address issues like philanthropy, environmental-impact assessments and providing good working conditions, among others, to try to better their communities or diminish potential harm, such as greenhouse gas emitted from their manufacturing plants. Ways on How to Spot Greenwashing
1.) Visit the company’s website
A good place to start in any greenwashing investigation is on the company’s website. Many companies will have a part of their website devoted to their advances in green practices and sustainable operations. Find this information — if it’s available — and read through it to get the details. If a company’s green info is limited or vague, it could be a red flag — especially if the company’s advertising is much louder about what it’s doing to help the earth. It’s hard to get anything conclusive from a website, but a quick search should give you some leads to check out. 2.) Check with environmental advocates and organizations Environmental organizations are in the know when it comes to company green practices. Many such organizations offer certifications that companies crave, because it improves their reputation among the public. Find out what, if any, environmental certifications a company has, and what environmental advocates are saying about the company. When a company is publicizing big strides in green reform but no certifying organizations have been a first-hand witness to those changes, there’s a definitely possibility that the company isn’t being entirely honest.
3.) Learn more about their business partners
When it comes to businesses implementing green practices, the company you keep matters. Look at a company’s various business partners, including distributors and suppliers, to get a better idea of what their green practices are like. Partnerships with other green organizations are a positive sign, in part because the company in question is putting its business toward other green entities. But if all or most of its partnerships have poor green reputations, there’s reason to start getting pessimistic. CSR in Global Context: Potential Roles of Governments in the CSR Agenda
Spans social, economic and environmental spheres including
issues of corruption, poverty reduction and human rights.
Goals differ from country to country. However, a broadly
defined goal of public engagement in CSR is the alignment of business activities and public policy. It’s clear vision may increased the likelihood of success of corporate contribution to national development.
After All, The More Visible and Successful A Corporation Is, The More Responsibility It Has To Set Standards of Ethical Behavior For Its Peers, Competition, and Industry