We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

United Nations Global Compact and Global Reporting Initiative. Why Corporate Social Responsibility Matters - Essay Example

Comments (0) Cite this document
Summary
Corporate Social Responsibility Matters Introduction Everyday, many people enjoy so many things offered by corporations. From goods, to services, food, among others, it affects the lives and livelihood of mostly the world’s population…
Download full paperFile format: .doc, available for editing
Polish This Essay94.9% of users find it useful
United Nations Global Compact and Global Reporting Initiative. Why Corporate Social Responsibility Matters
Read TextPreview

Extract of sample
"United Nations Global Compact and Global Reporting Initiative. Why Corporate Social Responsibility Matters"

Download file to see previous pages Investors in corporations are not held accountable for whatever wrong or right decisions the group as a whole would do, since their liability is limited to their investments. Thus, whether the corporation does more harm than good or not by the products that they sell, it can be sued by its own entity alone, but the owners and investors would not be affected under state laws. These corporations will continue to exist as long as the customers choose to patronize their products. But during the recent decades, there has been some changes happening to the structures of some corporations.
Many start to fall if they didn’t give back to the people that help them get established. Also, doing harm just to gain profits becomes a bad norm, thus the creation of a system that would balance quality of life within owners and stakeholders of corporations as well as the people they serve. This method of doing business is called Corporate Social Responsibility, or CSR.
By the definition of Kotler and Lee (2005), “corporate social responsibility (CSR) is a commitment to improve community well-being through discretionary business practices and contributions of corporate resources.”...
By the definition of Kotler and Lee (2005), “corporate social responsibility (CSR) is a commitment to improve community well-being through discretionary business practices and contributions of corporate resources.” They mentioned “discretionary” since it would still be the choice of corporations as to whether they will voluntarily commit to implement CSR in their business or not. A related term to CSR would be CSI, or corporate social initiatives. These are major activities undertaken by corporations to support social causes and to fulfil commitment to CSR (ibid.). With such ideals, it is portrayed that CSR would not only benefit the corporations, but also the government, its people and the environment. In this report, two examples of large groups that promote CSR around the world would be presented. First is the United Nations Global Compact (UNGC) and second is the Global Reporting Initiative (GRI). Both groups believe that sustainability and development can be attained by having corporations to voluntarily have transparencies in their company regulations and business plans as well as the development of beneficiary communities through transactions that promote social empowerment. The United Nations Global Compact (UNGC) The United Nations Global Compact or UNGC was launched in July 2000. It is the largest voluntary corporate sustainability initiative in the world, with over 8,500 signatories in 135 countries. The primary goal of the UNGC is to advance two complementary objectives (UNGC, 2011): To mainstream the ten business principles in business activities around the world; and Catalyze actions in support of broader UN goals, including the Millennium Development Goals (MDG’s) By ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“United Nations Global Compact and Global Reporting Initiative. Why Essay”, n.d.)
United Nations Global Compact and Global Reporting Initiative. Why Essay. Retrieved from https://studentshare.org/management/1440669-why-corporate-social-responsibility-matters
(United Nations Global Compact and Global Reporting Initiative. Why Essay)
United Nations Global Compact and Global Reporting Initiative. Why Essay. https://studentshare.org/management/1440669-why-corporate-social-responsibility-matters.
“United Nations Global Compact and Global Reporting Initiative. Why Essay”, n.d. https://studentshare.org/management/1440669-why-corporate-social-responsibility-matters.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
The Strategic Connotations of Corporate Social Responsibility on the Performance and Sustainability of UK Banks
As the report stresses the financial sector is considered to perform a crucial role in the overall economy of the world, and hence the active contribution and involvement of this sector is very vital. The financial services sector’s influence on the sustainability development is on the whole indirect by means of its impact on the activities and strategies of companies.
10 Pages(2500 words)Dissertation
In the light of the challenges facing global business today, all companies listed on stock exchanges should adopt the UN Global
Introduction UN Global Compact is a voluntary initiative which plays an important duty in the boosting of accountable corporate citizenship and may complement government activities. Contribution of businesses is identified or functioning of countries within the extending responsible corporate partnership practices involving the UN Global Compact which boosts the ongoing contribution in these charitable initiatives and persuade exchange of experiences within enterprises to boost the corporate social accountability (Groves, 2009).
10 Pages(2500 words)Essay
Importance of a Global Approach to Regulating Corporate Governance
It is responsible for issues like what responsibilities and mandate executives and boards have, how executives and boards are chosen, whether shareholders and stakeholders have rights to get involved in some types of corporate decisions through participating in voting and if they have, what form they take.
12 Pages(3000 words)Essay
Why corporate social responsibility matters
Corporate Social Responsibility is emerging as a continuing discussion amongst the corporate and the civil society. From a state where CSR used to be an extra part time activity by companies, it has become a mainstream activity for almost all leading companies.
5 Pages(1250 words)Essay
Why Corporate Social Response Matters
Why Corporate Social Response Matters? Brief Background One of the planned policy projects for the businesses that are interested in arranging their business processes as well as strategies in the context of commonly accepted ten basic principles in context of human rights, anti-corruption, environment and labor is generally referred to as United Nations Global Compact (UNGC) (United Nation Global Impact, 2011).
8 Pages(2000 words)Essay
The Global Reporting Initiative
The necessity and scale of threats and risks to collective sustainability with increasing opportunities and choices have make transparency about social, environmental, and economic impacts, a basic component in effective shareholder relations, market relations, and investment decisions (GRI 2011).
6 Pages(1500 words)Essay
Global Reporting Initiative and Sustainable Reporting
Embedded in the wider sustainable development discourse, sustainability reporting is designed to help ensure the objective of achieving economic development without jeopardizing the ability of the future generations to achieve their own development. This objective, however, is not the only reason why organizations face increasing pressure to consistently release this type of information.
8 Pages(2000 words)Essay
Corporate social responsibility reporting
Accounting Theory Introduction Social and environmental reporting is also known as corporate social responsibility reporting (CSER) (Deegan, 2007). According to UNEP (2002) corporate social responsibility reporting can also be defined as an environmental management strategy applied by companies to communicate with their stakeholders about what the company is doing with regard to sustaining a good environment alongside its operations.
6 Pages(1500 words)Essay
CSR WEB REPORTING
Stakeholders expect the corporate to be more responsible towards the community, environment, investment decisions, human rights and corporate governance. A responsible corporate abides by the rules and regulations,
44 Pages(11000 words)Essay
United Nations Global Compact
(Arevalo and Fallon 2008) This brief memo will therefore present a set of recommendations as well as suggestions from our company regarding two
4 Pages(1000 words)Research Paper
Let us find you another Essay on topic United Nations Global Compact and Global Reporting Initiative. Why Corporate Social Responsibility Matters for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us