Csr in the Digital Era
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The document discusses digital transformation and its implications for corporate social responsibility (CSR) in the digital era, highlighting four categories of digital responsibility: social, economic, technological, and environmental. It emphasizes the need for organizations to merge sustainability with digitization, addressing aspects like data privacy, job displacement by technology, and environmental impacts. A consolidated approach to digital sustainability involving cross-functional teams is proposed to ensure ethical business practices and mitigate potential revenue losses.
Csr in the Digital Era
- 1. CSR IN THE DIGITAL ERA Dr Emmanuel Daniel Faculty of Social Work
- 2. Synopsis ■ What is Digital Transformation? ■ Are you ready for exponential change? ■ Introduction ■ The Four Categories of Corporate digital responsibility ■ Social corporate digital responsibility ■ Economic corporate digital responsibility ■ Technological corporate digital responsibility ■ Environmental corporate digital responsibility ■ A Consolidated Approach to Digital Sustainability 06-08-2020 Dr Emmanuel Daniel- Faculty of SocialWork 2
- 3. Source- https://www.youtube.com/watch?v=8Rb6fSaHmjU 06-08-2020 Dr Emmanuel Daniel- Faculty of SocialWork 3
- 4. Source- https://www.youtube.com/watch?v=ystdF6jN7hc 06-08-2020 Dr Emmanuel Daniel- Faculty of SocialWork 4
- 5. Introduction ■ Sustainability and digitization ■ Sustainability concerns humanity’s relationship with the natural world ■ digitization focuses on the virtual world ■ Different components ■ Time for merging 06-08-2020 Dr Emmanuel Daniel- Faculty of SocialWork 5
- 6. The Four Categories of Corporate digital responsibility 06-08-2020 Dr Emmanuel Daniel- Faculty of SocialWork 6 Source- https://sloanreview.mit.edu/article/corporate-responsibility-in-the-digital-era/
- 7. Social corporate digital responsibility ■ Organization’s relationship to people and society ■ Data privacy protection of customers, employees, and other stakeholders ■ Digital diversity and inclusion (digital haves and have-nots) ■ Across geographies, industries, social classes, and age demographics 06-08-2020 Dr Emmanuel Daniel- Faculty of SocialWork 7 Source- https://sloanreview.mit.edu/article/corporate-responsibility-in-the-digital-era/
- 8. Economic corporate digital responsibility ■ Responsible management of the economic impacts ■ Replacement of human jobs by robots and other digital technologies ■ Creation of new digital-era jobs 06-08-2020 Dr Emmanuel Daniel- Faculty of SocialWork 8 Source- https://sloanreview.mit.edu/article/corporate-responsibility-in-the-digital-era/
- 9. Technological corporate digital responsibility ■ Creation of technologies ■ No harm to the society ■ Cybersecurity protection 06-08-2020 Dr Emmanuel Daniel- Faculty of SocialWork 9 Source- https://sloanreview.mit.edu/article/corporate-responsibility-in-the-digital-era/
- 10. environmental corporate digital responsibility ■ Link between digital technologies and the physical environment ■ Responsible recycling ■ Proper disposal ■ Limiting power consumption 06-08-2020 Dr Emmanuel Daniel- Faculty of SocialWork 10 Source- https://sloanreview.mit.edu/article/corporate-responsibility-in-the-digital-era/
- 11. A Consolidated Approach to Digital Sustainability ■ All categories rarely coordinated ■ Role of digital technologies to promote ethical and sustainable business practices ■ Cross-functional team of key decision makers ■ Impact of digital technologies and practices among employees & stakeholders ■ Insufficient digital sustainability practices may also lead to falling revenues 06-08-2020 Dr Emmanuel Daniel- Faculty of SocialWork 11 Source- https://sloanreview.mit.edu/article/corporate-responsibility-in-the-digital-era/