Corporate Social Responsibility: The Co-Responsibility of Business along Global Supply Chains

This book attempts to clarify the social responsibility of business along global supply chains beyond mere profit maximisation as famously argued by Milton Friedman.

Format: Paperback / softback
Length: 71 pages
Publication date: 01 October 2022
Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

This comprehensive book delves into the intricate realm of corporate social responsibility (CSR) within the context of global supply chains, extending beyond the renowned argument put forth by Milton Friedman. CSR is viewed as the fundamental obligation of businesses to harmonize their policies and procedures with widely recognized ethical standards, while also upholding the rights of stakeholders in their daily operations. It is important to note that CSR is not a voluntary endeavor but rather a critical prerequisite for companies seeking sustainable growth and survival in an increasingly competitive global marketplace.

Drawing inspiration from Germany's recent initiatives to regulate global supply chains, the book analyzes the Due Diligence Act in Germany in terms of its potential and limitations in promoting responsible business practices. It further explores alternative approaches aimed at fostering greater co-responsibility among businesses on a global scale.

In the first chapter, the book establishes a theoretical framework for understanding CSR within global supply chains. It explores the interconnectedness of businesses, their impact on society, and the need for responsible practices to ensure sustainable development. The chapter also highlights the challenges faced by companies in balancing economic growth with social and environmental responsibilities.

The second chapter delves into the concept of CSR and its evolution in the business world. It examines the historical roots of CSR, the various frameworks and standards that govern it, and the growing recognition of its importance by governments, organizations, and consumers. The chapter also discusses the role of stakeholders in shaping CSR practices and the need for businesses to engage with them in a transparent and accountable manner.

In the third chapter, the book explores the social responsibility of businesses along global supply chains beyond mere profit maximization. It examines the ethical and legal implications of business operations, including issues such as human rights, labor standards, environmental protection, and anti-corruption. The chapter also discusses the role of governments and international organizations in setting and enforcing ethical standards and promoting responsible business practices.

The fourth chapter focuses on the Due Diligence Act in Germany and its implications for promoting responsible business practices. It examines the legal framework and requirements of the Act, as well as the challenges and opportunities it presents for companies. The chapter also discusses the role of other countries and international organizations in developing similar regulations and promoting responsible business practices globally.

The fifth chapter explores alternative approaches to promoting responsible business practices within global supply chains. It examines the concept of shared responsibility, where businesses collaborate with their suppliers, customers, and other stakeholders to address social and environmental challenges. The chapter also discusses the role of corporate social entrepreneurship, where businesses combine commercial success with social and environmental impact.

The sixth chapter concludes the book by summarizing the key findings and recommendations. It emphasizes the importance of CSR in achieving sustainable development, the need for businesses to align their policies and procedures with ethical standards, and the role of governments, international organizations, and other stakeholders in promoting responsible business practices.

In conclusion, this book provides a comprehensive and insightful examination of the social responsibility of businesses along global supply chains. It offers a valuable framework for understanding the ethical and legal implications of business operations, as well as alternative approaches for promoting responsible business practices. By highlighting the importance of CSR in achieving sustainable growth and survival in an increasingly competitive global marketplace, the book contributes to the ongoing dialogue on responsible business practices and their impact on society and the environment.

Weight: 122g
Dimension: 210 x 148 (mm)
ISBN-13: 9783658391126
Edition number: 1st ed. 2022