Corporate Social Responsibility by Derek Hendrikz

transcript

CorporateSocial

Responsibility

Derek Hendrikz Consulting

derek hendrikz

www.derekhendrikz.com

…actions that appear to further some social good, beyond the interest of the firm and that which is required

by the law…A system of built-in, self-regulating mechanism

whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards

and internal norms.

Encourages positive impact through its activities on the environment, consumers, employees,

communities, stakeholders and all other members of the public sphere who may e considered

stakeholders.Derek Hendrikz Consulting

Primary Objectives of CSR…

1. Value Creation2. Risk Management3. Corporate Philanthropy

Social

EconomicEnvironment

Bearable Equitable

Viable

Sustainable

Key Elements of CSR…• Social accounting, reporting and auditing• Social license• Triple bottom line (people, planet & profit)• Risk management• Brand differentiation• Engagement plan• License to operate• Supplier relations• Criticisms and concerns to nature of business• Ethical business proactive• Ethical consumerism• Globalization• Social awareness• Public policies, laws and regulations• Stakeholder focus and priorities

• Committee• Workplace

• Marketplace• Environment

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