The Principles of CSR
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The document outlines the principles of Corporate Social Responsibility (CSR), emphasizing sustainability, accountability, and transparency. It covers the importance of responsible resource usage, the necessity of accurate reporting to stakeholders, and the need to consider external impacts of organizational actions. Several references are provided to support the discussion on CSR concepts.
The Principles of CSR
- 1. THE PRINCIPLES OF CSR Dr Emmanuel Daniel Faculty of Social Work
- 2. Introduction CSR Unique ideas Mandate work Competition Awards Responsibility 04-07-2020 Dr Emmanuel Daniel-Corporate Social Responsibility 2
- 3. The Principles of CSR SUSTAINABILITY ACCOUNTABILITY TRANSPARENCY 04-07-2020 Dr Emmanuel Daniel-Corporate Social Responsibility 3
- 4. 04-07-2020 Dr Emmanuel Daniel-Corporate Social Responsibility 4
- 5. Sustainability Action taken in the present considering the future Limited resources Usage of resources Thinking of alternatives When resources become depleted, the cost of acquiring increases Unsustainable operations to sustainable operations 04-07-2020 Dr Emmanuel Daniel-Corporate Social Responsibility 5
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- 7. Accountability Assuming responsibility for the effects of its actions Internal and external Reporting those quantifications to all parties affected by those actions Part of wider societal network Network rather than owners Understandability to all parties concerned Reliability in accuracy of measurement, representation of impact and freedom from bias 04-07-2020 Dr Emmanuel Daniel-Corporate Social Responsibility 7
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- 9. Transparency External impact of the actions can be ascertained from reporting Facts are not disguised Organization's reporting mechanism Importance to external users Following sustainability & accounting Process of transferring power to external stakeholders 04-07-2020 Dr Emmanuel Daniel-Corporate Social Responsibility 9
- 10. References • PragerU. (2017) When Transparency Really Means Tyranny. Retrieved from https://www.youtube.com/watch?v=Z8RA1e88BWs • ChangSchool. (2011) Sustainability and Corporate Responsibility. Retrieved from https://www.youtube.com/watch?v=JocgVEyxFC4 • VSO. (2018) Social Accountability. Retrieved from https://www.youtube.com/watch?v=GvUFRQPdZCI • David, C. & Guler, A. (2008) Corporate Social Responsibility, Ventus Publishing, CO, USA 04-07-2020 Dr Emmanuel Daniel-Corporate Social Responsibility 10