Corporate Social Responsibility
Introduction to the unit
The concept of the triple bottom line in business includes:
- Economic prosperity
- Environmental quality
- Social justice
In this unit we delve deeper into the third element; 'social justice'. Ethics and duty of care in decision making are difficult concepts to practice without universal norms and standards. Nonetheless, as we also explored earlier, there are pressures on business from within and from without to take on a greater role in championing best practice and ethical trading with due regard to Corporate Scocial Responsibity (CSR). We will now examine CSR in the global context, the business case for it beyond the goal of good publicity, and also the factors that influence it.