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Corporate Social Responsibilities - Essay Example

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In addition, CSR plays a role in identifying the domains that companies need to consider in their relations with various stakeholders. In essence, CSR reminds organisations of their…
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Corporate Social Responsibilities
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Download file to see previous pages Through a commitment to CSR, organisations play a role in solving economic, social and environmental problems. On the other hand, the internal forces that can contribute to CRS include pressure from shareholders and employees (Alessia et al. 2009). While, external forces contributing to CRS in organisations include consumer demand, government policies, technological advancement and social activism. In the contemporary business environment, the reputation or image of firms depends on the disclosure of their activities to the public. In this regard, CSR reports made available to the public allows internal and external stakeholders to examine the contribution of firms towards CSR activities. The growing consumer awareness has also increased pressure on corporations to publish annual CSR reports (Obserseder et al., 2014). These reports mainly focus on how firms are dealing with societal concerns regarding environmental pollution, climate change and resource depletion. Conversely, while there is debate concerning the importance of corporate self-reporting, the emergence of international guidelines and standards suggests that consumers are increasingly basing their purchase decisions on such information (Alessia et al. 2009). This paper examines corporate social responsibilities report of three companies that include BMW, Adidas and Shell.
In the modern business environment, CSR reports are important because they help to enhance the image of firms in the public domain. Through these reports, firms are in a position to highlight on their business activities. Since the consumers are becoming aware regarding sustainable development, it is in the interest of companies to disclose their CSR activities. Such activities may include, for instance, community initiatives, safety at the workplace, stakeholder engagement, corporate governance and ...Download file to see next pagesRead More
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