Corporate Social Responsibility and Sustainability: From Values to Impact

Corporate social responsibility and sustainability are critical aspects of business management, with a focus on the transition from values to impact. This book provides an overview of the theoretical and practical aspects of CSR and sustainability, with particular emphasis on the journey from values to impact. It is valuable to academics, researchers, and advanced students in the fields of business and management, particularly those interested in the intersection of management and CSR and sustainability, and the impact of business activities on the environment.

Format: Hardback
Length: 242 pages
Publication date: 07 June 2022
Publisher: Taylor & Francis Ltd

Corporate social responsibility (CSR) and sustainability are critical issues that have gained significant attention in recent years. As businesses strive to achieve their goals while minimizing their negative impact on the environment and society, they are increasingly recognizing the importance of integrating CSR and sustainability into their operations.

The theoretical and practical aspects of CSR and sustainability are complex and multifaceted. On the theoretical side, scholars have explored various frameworks and theories that provide insights into the nature and scope of CSR and sustainability. These frameworks include the triple bottom line, the stakeholder theory, and the social contract theory. They help organizations understand the ethical and social responsibilities that they have towards their stakeholders, including employees, customers, shareholders, and the broader community.

On the practical side, businesses are implementing various CSR and sustainability practices to achieve their goals. These practices include environmental sustainability, social responsibility, and economic sustainability. Environmental sustainability involves reducing the environmental impact of businesses through practices such as waste reduction, energy efficiency, and pollution control. Social responsibility involves promoting social well-being and equity, including initiatives such as employee empowerment, community development, and social entrepreneurship. Economic sustainability involves promoting economic growth and development while minimizing negative impacts on the environment and society.

One of the key challenges facing businesses in integrating CSR and sustainability is the transition from values to impact. This transition involves moving from a focus on abstract principles and ideals to a more concrete and measurable approach to achieving social and environmental goals. It requires organizations to develop a comprehensive sustainability strategy that aligns with their business objectives and involves all stakeholders.

Another challenge is the measurement and reporting of CSR and sustainability performance. Organizations need to develop transparent and accountable reporting mechanisms that provide accurate and comprehensive information about their social and environmental impact. This information can help organizations improve their performance and demonstrate their commitment to CSR and sustainability to their stakeholders.

Despite these challenges, there are many examples of businesses that have successfully integrated CSR and sustainability into their operations. These businesses have achieved positive social and environmental outcomes while also improving their financial performance. They have demonstrated that CSR and sustainability are not only ethical responsibilities but also strategic opportunities for businesses to create long-term value and competitive advantage.

In conclusion, CSR and sustainability are critical issues that have significant implications for businesses and society. The theoretical and practical aspects of CSR and sustainability are complex and multifaceted, and businesses need to develop a comprehensive sustainability strategy that aligns with their business objectives and involves all stakeholders. The transition from values to impact is a key challenge facing businesses, and organizations need to develop transparent and accountable reporting mechanisms to measure and report their social and environmental impact. By integrating CSR and sustainability into their operations, businesses can achieve positive social and environmental outcomes while also improving their financial performance and creating long-term value.

Weight: 640g
Dimension: 229 x 152 (mm)
ISBN-13: 9781032219813