CSR competency framework
Tricker: Corporate Governance, 3 rd edition Strategic view • Ensuring that social and environmental concerns are included in the overall business strategy so that CSR becomes 'business as usual', with leadership coming from the top and resulting in everyone in the business having an awareness of the social and environmental impacts. CSR competency framework
Tricker: Corporate Governance, 3 rd edition Harnessing diversity • Recognising that people differ and harnessing this diversity, reflected in fair and transparent employment practices, promoting the health, well-being and views of staff with everyone in the business feeling valued. CSR competency framework
Tricker: Corporate Governance, 3 rd edition The five levels of attainment are: • Awareness • Understanding • Application • Integration • Leadership (The ability to help managers across the organisation in a way that fully integrates CSR in the decision-making process). CSR competency framework
Tricker: Corporate Governance, 3 rd edition Balancing corporate responsibilities A company does not have morals: directors do A board has to be the company’s conscience Directors need to provide the moral compass In fulfilling its role the board is responsible for: - considering the potential effect of the strategies it formulates - identifying the likely impact of policies it approves both short and long term - recognizing possible outcomes on people - accepting its duty to be accountable. Balancing CSR responsibilities
Tricker: Corporate Governance, 3 rd edition An organisation's response to the social and environmental impacts recognised through CSR awareness can provide: – basic information for the company's CSR report – cost-effective yet comprehensive ways to manage social and environmental risk across the organization. Corporate Social Responsibility
Tricker: Corporate Governance, 3 rd edition Sustainability reporting “ Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” - Brundtland Report UN 1987 Corporate Social Responsibility
Tricker: Corporate Governance, 3 rd edition Examples of demands for sustainable development • China's Guangdong Province requiring companies that pollute the ground water table to clear up or close down. • The European Union establishing fishing quotas and other fishing limits to sustain fish stocks. • South American and European Union controls on forestry products to protect the rain forest and to ensure that woodland is sustained by replanting. • Since 1997 190 nations, representing half the world's greenhouse gas emissions, have ratified the Kyoto Protocol, committing to reduce the world's greenhouse gases below 1990 levels by 2012 and ultimately to reverse the greenhouse effect. Corporate Social Responsibility
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- Fall '19