corporate social responsibility strategy pdf

Research Scholar, Srinivas Institute of Management Studies, Srinivas University, Srinivas Institute of Management Studies, Srinivas University, Mangalore India. /Resources << /Rect [ 17.01000 21.01000 191.50000 13.01000 ] Q /Border [ 0 0 0 ] >> BT /Type /Annot <00460072006f006e0074006d00610074007400650072> Tj 7)Z[ c=&AkS >> >> << /Rect [ 17.01000 21.01000 191.50000 13.01000 ] >> /URI (www\056cambridge\056org\0579781107114876) f8HiUu72dF{S_LY{&.->dx. /Subtype /Link /Type /XObject Beyond the typical business contacts, Canadian Trade Commissioners in South America and West Africa have helped build networks and engagement between extractive sector companies and civil society groups. /A << /Border [ 0 0 0 ] /Resources << Where host country requirements differ from the international standards listed below, the Government of Canada expects Canadian companies to meet the higher, more rigorous standard. /S /URI 17.01000 772.31000 Td Powering an Inclusive Future for All Corporate Social Responsibility (CSR) at Cisco supports the company's purpose to Power an Inclusive Future for All that benefits our employees, communities, and the planet. /Rect [ 17.01000 21.01000 191.50000 13.01000 ] /Subtype /Link ET /Subtype /Link /S /URI The CFPOA implements Canadas international obligations under the OECD on Combatting Bribery of Foreign Public Officials in International Business Transactions (OECD Anti-Bribery Convention) and makes it a criminal offence in Canada for persons or companies to bribe foreign public officials in the course of international business. >> ] The pressure on managers to address the social needs of their stakeholders using the limited resources of the organization is now undeniably strong. /Contents 162 0 R /Border [ 0 0 0 ] /Subtype /Link To meet Canadas 2013 G8 commitments, on October 23, 2014, the Government introduced the Extractive Sector Transparency Measures Act (ESTMA) into Parliament. The Government will continue to support other international CSR efforts and initiatives that prove helpful to extractive firms in improving their performance, and that align with Canadas foreign policy objectives. These results also help address the uncertainties and scope of demands placed upon companies working in resource-rich developing countries, and to avoid situations where companies take on the responsibilities of host governments in the areas in which they operate. In 2009, the Government of Canada launched its first Corporate Social Responsibility (CSR) Strategy, Building the Canadian Advantage: Canadas Corporate Social Responsibility Strategy for the Canadian International Extractive Sector. It outlined Canadas commitment to promoting CSR, defined as the voluntary activities undertaken by a company, over and above legal requirements, to operate in an economically, socially and environmentally sustainable manner. An environment that also encourages the creation of value for the communities and countries within which extractive sector companies operate helps transform business opportunities into success. /Border [ 0 0 0 ] /Parent 1 0 R /A << BT >> ] q /Type /Pages >> << 0 835.65000 535 -42.52000 re /Subtype /Link /Type /Annot /URI (www\056cambridge\056org\0579781107114876) This is best done as early as possible, taking into consideration the projects life cycle from initial exploration to closure and beyond. /Parent 1 0 R 29 0 obj >> >> /Annots [ << /URI (www\056cambridge\056org) /Rect [ 17.01000 21.01000 191.50000 13.01000 ] Many of the activities listed below, such as trade agreements, are not undertaken for the express purpose of enhancing company CSR performance, yet impact companies motivation and ability to integrate CSR into all components of their work. They encourage early, deliberate action by companies to adjust the way they do their day-to-day activities to prevent harmful impacts from projects. The Government will increase its efforts to prepare Canadian Trade Commissioners in Canada and at missions abroad to provide country-specific guidance in this area. /Type /Page 11 0 obj << /F1 55 0 R /pdfrw_0 148 0 R MindTree founded in 1999 is an Indian IT company. /Rect [ 17.01000 744.69000 81.07000 736.69000 ] The Counsellors Office and the NCP have both helped bring disputing parties together for ongoing dialogue. << >> >> Internationally recognized CSR guidelines and standards are important for companies operating abroad. /I1 53 0 R >> ] /S /URI >> /Font << y6.HahaF1ec u NRCans ability to provide knowledge and expertise in this area is crucial to these efforts, which enhance the capacities of countries to manage both natural resource development and the benefits the sector generates. Environmental responsibility initiatives aim to Q Companies engaged in senior CV activities could enhance their corporate and social images within the strategic action of social responsibility, indisputably improving peoples health and well-being. Companies That Excel at Corporate Social ResponsibilityAbbVie. Baxter International. Ben & JerrysCisco Systems. Gap. Google. Jones Lang Lasalle. Kaiser PermanenteKirkland & Ellis. Lego. More items /Type /Page /URI (www\056cambridge\056org) The six core characteristics of CSR follows as the features which shows how CSR is represented with different initiatives and processes ranging from voluntary activities, managing external factors, stakeholder management, alignment of social and economic responsibilities, considering practices and values and finally extending CSR activities beyond philanthropy to instrumentality. Managing social risks, including through conscious efforts to respect human rights, is increasingly important to companies success abroad. >> /FullPage 32 0 R /Font << /Type /Annot /Border [ 0 0 0 ] /URI (www\056cambridge\056org\0579781107114876) Both mechanisms will be reviewed on a regular basis to incorporate lessons learned, as well as from the growing body of knowledge on effective dialogue facilitation mechanisms. /pdfrw_0 163 0 R Welcome to Possible, MindTree serves various industries like Banking, Capital Markets, Founded in 1999 the company employs roughly 16,500 IT professionals with annual revenue, of $780million. /F1 55 0 R ET Generally, corporate social responsibility initiatives are categorized as follows: 1. MindTree is one of the fastest growing Information Technology companies in India. Q Stakeholders expect some more from businesses organization than merely pursuing growth and profitability. 17.01000 13.90000 174.50000 -0.39000 re /S /URI The updated Strategy makes clear the Governments expectation that Canadian extractive sector companies reflect Canadian values in all their activities abroad. /S /URI Our ambition: By acting in an economically, environmentally, and socially responsible manner, we want to improve peoples quality of life and safeguard the livelihoods of present and future generations. f /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] /Subtype /Link << /Border [ 0 0 0 ] Q It can also assist in fostering debate about how government revenues are spent and in helping build the capacity of communities to hold their government to account. /Type /Annot Reducing barriers to community engagement is an important role for the Government of Canada. May theydo so /A << /Length 13 >> << WebCorporate Sustainability: A Strategy? >> PDF | On Dec 1, 2013, Marc Orlitzky and others published Corporate Social Responsibility, Industry, and Strategy | Find, read and cite all the research you need The latest trend in corporate social responsibility, evident also in Asia, is for corporations to apply 4 0 obj /S /URI /I1 53 0 R With this in mind, Canada remains committed to working with international partners and a variety of organisations, including the Centre for Excellence in CSR, industry associations, educational institutions, civil society groups, and sector-relevant initiatives, to promote information-sharing on best practices and the development and dissemination of practical, innovative guidance to improve CSR performance. Our extractive companies in the mining, oil and natural gas industries make a major contribution to Canadian prosperity, and are making substantial contributions to economic development in other countries in which they operate. WebThis upper-level textbook offers an original and up-to-date introduction to issues in corporate social responsibility (CSR) from a global perspective. /Parent 1 0 R Webwith the strategies and corporate strategy in the global environment, as well as the strategic purpose. /A << A goal-driven corporate responsibility strategy can help companies challenge themselves to think bigger and do more while also increasing their >> Corporate Social Responsibility [Working Title] 2020 This chapter provides a theoretical and conceptual overview of the governance of corporate social responsibility (CSR). >> ] Several associated initiatives are complementary. /A << >> << /Subtype /Link /Resources << /Parent 1 0 R That is what it means to do business the Canadian way. >> Corporate social responsibility is a business model by which companies make a concerted effort to operate in ways that enhance rather than degrade society and as Banking, Capital Markets, Customer Devices and Electronics, Customer Filled Goods. 3. /Rect [ 17.01000 744.69000 81.07000 736.69000 ] /URI (www\056cambridge\056org) The review was conducted over several months by Canadas Department of Foreign Affairs, Trade and Development (DFATD) and Natural Resources Canada (NRCan), with partners across government. /Rect [ 17.01000 21.01000 191.50000 13.01000 ] /A << /I1 53 0 R <<1FC0E6270F9E444594FFB45FCB33A02E>]>> /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] >> /MediaBox [ 0 0 535 835.65000 ] startxref /pdfrw_0 128 0 R 435.79000 14.17000 Td : MindTree, Case study, Welcome to possible, Business strategy of IT Company. /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] endobj >> /Subtype /Link /Border [ 0 0 0 ] ET /A << This role includes helping connect companies with practitioners in the areas of social, environmental and economic performance, as well as creating dialogue spaces and venues for bridge-building between companies, communities, and other interest groups. /Subtype /Link Sorry, preview is currently unavailable. <004d006f0072006500200049006e0066006f0072006d006100740069006f006e> Tj /XObject << /S /URI >> >> This role will be strengthened, particularly to provide guidance on developing meaningful, effective dialogue between companies and communities, and will be brought to bear in situations where such guidance can be used for early detection and resolution of issues. Host governments are responsible for legislation and programs to meet the needs of their citizens. The company, was started by ten IT professionals on 18 August 1999, who have previously worked for, Cambridge Technology Partners, Lucent Technologies, and Wipro. Strengthening the Environment Affecting Responsible Business Practices. >> << The CSR Counsellor will also build on the work conducted at missions abroad by refocusing efforts on working to prevent, identify and resolve disputes in their early stages; In situations where parties to a dispute would benefit from formal mediation, the CSR Counsellor will encourage them to refer their issue to Canadas National Contact Point (NCP), the robust and proven dispute resolution mechanism, guided by the OECD Guidelines for Multinational Enterprises on responsible business conduct, and active in 46 countries; Companies are expected to align with CSR guidelines and will be recognized by the CSR Counsellors Office as eligible for enhanced Government of Canada economic diplomacy. /Border [ 0 0 0 ] /S /URI /Parent 1 0 R << >> /URI (www\056cambridge\056org) /S /URI /F1 55 0 R WebCorporate social responsibility, business strategy, and the environment Forest L. Reinhardt* and Robert N. Stavins** Abstract We examine the concept offirms sacrificing /I1 53 0 R Another important contribution by Canada to fight corruption globallyis its strengthened Corruption of Foreign Public Officials Act (CFPOA). Under the approach, Canadas development assistance supports developing countries to enhance their capacity to manage their extractive sectors, focusing on building resource governance capacity, growing businesses to improve local economic development, and enabling communities to maximize the benefits of the sector. >> /Parent 1 0 R The companys bottomless proficiency in. /Contents 99 0 R Stakeholders expect some more from businesses organization than merely pursuing growth and profitability. >> /Annots [ << As part of its updated Strategy, Canada will mobilize resources to provide more specific guidance on CSR-related topics of particular relevance to each country or region. <00a900200069006e00200074006800690073002000770065006200200073006500720076006900630065002000430061006d00620072006900640067006500200055006e00690076006500720073006900740079002000500072006500730073> Tj /pdfrw_0 200 0 R /I1 53 0 R /Type /Annot WebType : PDF & EPUB Page : 282 Download . >> endobj /URI (www\056cambridge\056org) Canadas history demonstrates that the extractive sector can help build a country. It is also important to determine what each party will contribute to local development. /Annots [ << /Type /Annot The Office of the CSR Counsellor is a valuable, extractive sector-specific resource, and will serve on the front end of the dispute resolution process . /Font << /Rect [ 17.01000 744.69000 81.07000 736.69000 ] The understanding of the objective of business organization, CSR strategy, organization responsibility to stakeholders, principles of CSR becomes very vital and models for institutionalizing CSR. 73 0 obj <>stream /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] WebInternational Journal of Corporate Social Responsibility 2022 7 :1 Original Article Published on: 17 January 2022 Full Text PDF Management control systems in response to social and environmental risk in large Nordic companies This empirical study investigates the relationships between management control systems and social and environmental 17.01000 782.23000 Td endobj /Subtype /Link >> The CSR actions cannot be measured by any single best approach (Wolfe and Aupperle, 1991). /Type /Annot >> /FullPage Do Experience has demonstrated that the effectiveness and credibility of these mechanisms requires a commitment by all parties to engage in constructive dialogue aimed at a mutually satisfactory resolution of the issues involved. 0.73700 0.74500 0.75300 rg Q >> /Contents 142 0 R /Type /Annot /Rect [ 17.01000 744.69000 81.07000 736.69000 ] endobj These ever-present challenges demonstrate the ongoing need for a CSR Strategy focused on the extractive sector. /A << /Annots [ << /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] /Border [ 0 0 0 ] /URI (www\056cambridge\056org\0579781107114876) /Subtype /Link >> << In the year 1946, the Fortune released a story that said the owners of businesses were MindTrees business is structured around clients in key verticals such. /Subtype /Link In the year 1946, the Fortune released a story that said the owners of businesses were /Rect [ 17.01000 744.69000 81.07000 736.69000 ] /Contents 147 0 R /Type /Page 1 1 1 RG /Border [ 0 0 0 ] /Type /Page Our work with the EITI forms part of Canadas support to the global fight against corruption. WebCorporate Social Responsibility Strategy Author: Marine Management Organisation Subject: Corporate social responsibility Keywords: corporate social responsibility /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] >> >> /URI (www\056cambridge\056org\0579781107114876) /Parent 1 0 R /Rect [ 17.01000 21.01000 191.50000 13.01000 ] /Border [ 0 0 0 ] Disagreements can divide communities, keep them from obtaining resolutions to their concerns, and can create a negative cycle of disputes, limiting the communitys access to the benefits of natural resource development. /Border [ 0 0 0 ] 0000004291 00000 n /S /URI /pdfrw_0 215 0 R Description. Implementing a CSR program in your organization is as easy as following these simple SMART steps: Identify organizational core values that leverage core competencies. Recruit senior leadership and frontline leaders to be sponsors and champion CSR initiatives. Engage stakeholders in iterative collaborative feedback loops that incentivizes idea /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] /A << /Subtype /Link /Border [ 0 0 0 ] /Contents 174 0 R /URI (www\056cambridge\056org\0579781107114876) Finally, based on SWOC. >> hb```f`` /I1 53 0 R Type : PDF & EPUB Page : 184 Download . /Rect [ 17.01000 744.69000 81.07000 736.69000 ] The advisory mandate of the Office of the CSR Counsellor can be used by companies and communities to help detect, address and resolve misunderstandings or disagreements at an early stage and in accordance with international guidance. /Rect [ 17.01000 21.01000 191.50000 13.01000 ] /Font << /Subtype /Link >> ] 2, No. >> << a`e`P{ @V ls600 wNuBP) b`EX,O8 Eu`c[]}vALaa`|Av1?>#3@ # /Subtype /Link /Resources << 21 0 obj /I1 53 0 R >> Having these firms recognize the need to integrate CSR into their activities will help them establish good stakeholder relations, and may make their projects more attractive to investors. Facilitating dialogue towards dispute resolution. /Rect [ 17.01000 21.01000 191.50000 13.01000 ] /I1 53 0 R endobj /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] /Border [ 0 0 0 ] /F1 8 Tf /Subtype /Link stream /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] /Subtype /Link /Resources << Independent Software Merchants, Manufacturing, Insurance, Media and Entertainment, Retail, Semiconductors, and Travel and Hospitality industry. This mandate is dual in nature. /pdfrw_0 118 0 R >> /Resources << Cooperation with stakeholders will continue to be important for the successful implementation of Canadas CSR Strategy. That is why the Government of Canada works with host governments to enhance their capacity to manage their own natural resources for economic, social and environmental sustainability through various bilateral and multilateral initiatives. %PDF-1.4 % /Contents 157 0 R /Resources << /A << WebThe paper also includes the companys innovation on sustainability. /URI (www\056cambridge\056org\0579781107114876) Corporate social responsibility. /MediaBox [ 0 0 535 835.65000 ] /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] For example, initiatives such as the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF), and the Canadian International Resources and Development Institute (CIRDI), which is operated by the University of British Columbia in a coalition with Simon Fraser University and cole Polytechnique de Montral, will continue to foster dialogue, training and research, and promote best practices to support developing countries to enhance their capacity to manage their natural resource sector. /pdfrw_0 185 0 R /Border [ 0 0 0 ] /A << << To address this, Canadas enhanced CSR Strategy identifies a number of areas where the Government of Canada will strengthen its efforts to assist Canadian extractive sector companies operating abroad in integrating CSR into their operations. 31 0 obj /MediaBox [ 0 0 535 835.65000 ] /Rect [ 17.01000 21.01000 191.50000 13.01000 ] /Border [ 0 0 0 ] /I1 53 0 R 13 0 obj >> Websocial responsibility into business strategy emphasizes responsible employment practices and HRs strategic role in communicating, protecting and maintaining business values. >> The Act seeks to establish mandatory reporting standards designed to deter corruption through reporting and transparency measures. /Rect [ 17.01000 21.01000 191.50000 13.01000 ] /Rect [ 17.01000 744.69000 81.07000 736.69000 ] /MediaBox [ 0 0 535 835.65000 ] >> /Type /Page Other activities, such as capacity-building, are not undertaken for the benefit of companies, but have an impact on how much host countries can benefit from the activities of responsible extractive sector companies. The Government contributed to the creation of the Centre for Excellence in CSR (the CfE) as a key element of its CSR Strategy in 2009. /Annots [ << /I1 53 0 R In 2013, over 50% of the worlds publically listed exploration and mining companies were headquartered in Canada. WebCorporate social responsibility is currently taking the world of business by storm. _HBtXn2GX#6li1"]dT1X"6xX>Enq. This means that companies should understand the impact of each of their functions on the surrounding economy, community and environment, and adjust their activities and operations to create value for themselves and for other stakeholders. << Corporate social responsibility (CSR) is a multifaceted concept that reflects a firms response to the expectations and demands of a wide range of stakeholders, including society, the environment, and individuals (e.g., Carroll 1979; Freeman 1984; McWilliams and Siegel 2001 ). endstream endobj startxref /Border [ 0 0 0 ] /I1 53 0 R /MediaBox [ 0 0 535 835.65000 ] 0000000016 00000 n /S /URI Financing considerations can drive corporate behavioural change. /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] 2 0 obj trailer 8 0 obj >> << Canada has participated in the EITI as a supporting country since 2007, and is an EITI Board member for the 2013-2015 cycle. << /URI (www\056cambridge\056org) /Subtype /Link /XObject << /F1 55 0 R /Subtype /Link >> >> Today, India enjoys a glad pride of place in global arena not only as a fast emerging economy but also as a vast pool of influential human resource, as a young democratic nation in world to promote Excellency, and standards of wellbeing among vulnerable sections and communities in bottom of line is a challenging task still 21 st century in Indian context. << /S /URI >> /Contents 204 0 R >> >> /Subtype /Link >> 28 0 obj WebDownload PDF CBREs 15th annual Corporate Responsibility report highlights how we deliver exceptional results for our clients while also focusing on our companys role in creating positive impacts for people and the planet. /Type /Annot /Rect [ 17.01000 744.69000 81.07000 736.69000 ] /XObject << /Border [ 0 0 0 ] This will include information on local processes, the use of which will be encouraged in the first instance. Canadas efforts to promote CSR are advanced at the bilateral level by the inclusion of voluntary provisions for CSR in all Foreign Investment Promotion and Protection Agreements and Free Trade Agreements signed since 2010. /Subtype /Link /Subtype /Link It also outlines the Governments initiatives to help Canadian companies strengthen their CSR practices and maximize the benefits their investments can provide to those in host countries. /Border [ 0 0 0 ] /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] /S /URI /BBox [ 0 0 535.75000 697.32000 ] The 2013 consultations on the Governments Extractive Sector Strategy also fed into the CSR Strategy review, as many submissions related to the CSR Strategy. It includes >> >> /Annots [ << 0000006985 00000 n /URI (www\056cambridge\056org) Therefore the need for the strategist to focus on strategic fit of the organization resource and the market opportunity becomes very vital. /URI (www\056cambridge\056org) They have also been developed with a view to ensuring a level playing field for companies operating domestically and abroad, helping reinforce the integrity of Canadian extractive companies by making the extent of their local contributions more visible, and helping to ensure that citizens in resource-rich countries around the world are better informed and benefit from the natural resources in their country. The review was conducted over several months by Canadas Department of Foreign Affairs, Trade and Development (DFATD) and Natural Resources Canada (NRCan), with partners across government. /Contents 109 0 R /S /URI >> WebTrasporti Internazionali e Servizi Logistici | Savino Del Bene The report can cover economic, environmental, and/or social impacts, depending on what the company does. /Resources << 0.06500 0.37100 0.64200 rg /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] Provision and promotion of CSR tools, guidance and advice were identified as core activities that should be carried forward to assist Canadian companies in enhancing their CSR efforts. /Border [ 0 0 0 ] q >> ] Under the enhanced Strategy, trade commissioners will bolster their capacity to identify local procurement opportunities and help Canadian companies work with communities to take advantage of them. /Font << Such activities provide evidence of the value of integrating CSR into business functions, and of building local networks towards long-term relationships. 1-16. >> ] The ESTMA will require extractive entities that are engaged in the commercial development of minerals, oil or natural gas, and subject to Canadian law, to report annually, publically, on specific payments of $100,000 or more made to any level of government in Canada or abroad. >> << >> << /I1 Do /A << Balancing critiques of CSR with a As companies continue to expand and seek more opportunities in remote areas, including those with weak governance, the social and environmental challenges they face become more complex, and the need to act responsibly more important. Canada also promotes CSR in multilateral fora including the OECD, the G7, the Asia-Pacific Economic Co-operation, the Organization of American States, the Francophonie, and the Commonwealth. /Rect [ 17.01000 21.01000 191.50000 13.01000 ] >> 17.01000 760.97000 Td >> It should be noted that these Canadian mechanisms are not meant to replace local processes, nor do they preclude the use of court systems, either locally or in Canada, to seek legal restitution. /Type /Page >> A CSR report is a formal document that assesses how a companys operations affect the world around them. Practical guidance developed by Canadian industry associations will also be highlighted, such as e3 Plus, developed for exploration companies by the Prospectors and Developers Association of Canada, and Towards Sustainable Mining, created by the Mining Association of Canada. 0 0 0 0 0 ] 0000004291 00000 n /S /URI /pdfrw_0 0... 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