Orporate social responsibility - Book Report/Review Example

No: Corporate Social Responsibility Corporate social responsibility is concept to enhance the social and environmental reliability of the organizations. According to the ethical behaviors, an organization should have to take the responsibility of the environmental impact and social impact, brought by the organization. Corporate social responsibility can be associated with the economics, social and environmental responsibility. The concept of corporate social responsibility generally involves the social organization and social bodies. Corporate citizenship and following the sustainability in a business are also regarded as the corporate social responsibility. CSR (Corporate Social Responsibility) makes the company to abide by the local and international laws that may be considered interconnected with the environment and the social setup of the region. Corporate Social Responsibility (CSR) can be described by the actions that are involving the environmental, economic and social aspects of a business. Such strategies that depict involves the environment, society and economics in is business may influence the utilization of energy, production of waste, recycling of waste and utilization of the resources. The intelligent use of the resources and sustainable resources in a business may define the ethical behavior of the company. The CSR concept is employed by an organization that remains accountable for all its deeds and remains transparent. The organization that remains concerned to its employees and thus, leaves a positive impact on the communities utilizes the concept of CSR. Doing something good for the communities also leaves a positive impact on the communities, like supplying purified water or providing excess generated energy for lesser price to the community or making some of the employees doing some work for the community. On the other hand the concept of CSR also emphasizes on the transparency and preventing corruption (nzte.govt.nz, n.pag). The concept of CSR can also be implemented if the company justifies with the production processes of the product and tries to improve the product quality with the passage of time to meet the expectation of the society. Society should have the knowledge about the business culture followed by the organization. The organization should monitor all the services it is providing and the behavior of the concerned or employed people. The organization should work according to the principles and regulate the work and image of the organization. The concept of CSR can be accomplished, if the organization maintains good behavior and practices. Like, if the organization wants the society to pay then in time, the organization should pay their bill in time. The organization should control the prices of the product by printing price of the product on it and advertise a message that the consumers should not the buy the product more than the printed cost and if they find any person doing this, he should complain. Thus, CSR is a proper tool that helps in promoting a sustainable business and thus promotes sustainable economics (nzte.govt.nz, n.p.). Any business can implement the concept of CSR to its existing infrastructure. It will surely boost the name and the profit of the organization. No matter, what the size of the business is, CSR concept can be implemented to any size of the business. Importance of CSR in Export Business CSR is much important for the export business, as it supports the human interaction in business for the benefit of the society and the business. Any strategy involving CSR will certainly attract more customers as the trends followed by the company will be different from the others. The ethical behavior not only improves and motivates the staff of the organization but also attract more customers due to the better customer services. Local trends and culture should be followed to enhance the business opportunities. If anyone tries to settle the business outside the country of residence, he should hire the locals to attain acceptance from the local community. On the other hand, CSR helps in maintaining partnership with the similar companies that follow the CSR concepts will make the company more stable. The CSR allows the organization to free from the legal compliance or other regulatory issues (nzte.govt.nz, n.p.). CSR and Human Rights There is much association between the human rights and the economic, environmental and social features of corporate activity. For example, every industry has to obey the labor rights that make the company to give proper wages to the labors. The concept of labor law or labor rights are much associated with the economic aspects and the human rights. On the other hand, the environmental aspects and human rights are much connected like the right to drinking clean water, right to take good and fresh food, etc. If an organization disrespects the environmental aspects and throws it wastes to water streams, it directly damages the rights of the human population. The impact of the corporate development on the human rights is increasing due to the influence of the culture and the political situation throughout the world. The management of a conventional organization always thinks about the profits and figures and remains less concerned about the environmental aspects of the wastes they are pouring to the water streams. Corporations now have realized the respecting the human rights and involving the concepts of the CSR will make the business good in every manner. Now customers and consumers are more particular about the environmental aspects and human rights. Over a past decade, the international business community made alterations in the businesses and valued the human rights. Some of the standards that are followed now a day as a part of CSR concept are “ILO Tripartite Declaration on Fundamental Principles and Rights at Work”, “ILO Tripartite Declaration of Principles Concerning Multinational Enterprises and Social Policy”, “OECD Guidelines for Multinational Enterprises”, “United Nations Norms on the Responsibilities of Transnational Corporations and Other Business Enterprises”, “Equator Principles” and “Voluntary Principles on Security and Human Rights” (humanrights.gov.au, n.p.). Policies made by European Countries regarding CSR The European policies are made to enhance the utilization of the concept of the CSR throughout the Europe. There is asset agenda of the European commission regarding the CSR, environmental aspect, economic aspects and social aspect. The policy states that the corporations “should have in place a process to integrate social, environmental, ethical and human rights concerns into their business operations and core strategy in close collaboration with their stakeholders” (ec.europa.eu, n.p.). The main ideas of the policy can be summarized as Making the business more trusted by the society by employing the concepts of the CSR. Self and co- regulation methods should be utilized to enhance the credibility of the work. Increasing the reward for employing the concept of the CSR. Employing the concept of CSR will directly the processes that impacts the environment like the generation and use of energy, recycling and disposal of wastes, etc. Improving the policies of the company by enhancing the business trends followed in the business. Involving the trends of the CSR in education, training and research (ec.europa.eu, n.p). CSR makes the business socially, environmentally and economically more reliable and acceptable. The concept of the CSR makes the organizations to follows the laws and the regulation imposed by the laws and the society. The organizations have to follow such business culture that not only boosts the profits but also cares about the human rights. Works Cited Humanrights.gov.au. "Corporate Social Responsibility & Human Rights.” N.p.2005. Web. 20 Dec 2012. . Nzte.govt.nz. "Corporate Social Responsibility (CSR).”.n.p., n.d.. Web. 20 Dec 2012. . ec.europa.eu. “Sustainable and responsible business: Corporate Social Responsibility (CSR): European policy on CSR.” N.p. 2012. Web. 20 Dec 2012. Read More