Ethics and CSR
A company has an economic responsibility: it must earn a return for its shareholders within the confines of the law. However, corporate social responsibility means that businesses have also ethical and societal responsibilities that go beyond their financial ones. Corporate Social Responsibility requires businesses to consider all stakeholders such as employees, customers, suppliers, their communities and their environmental impact. Ethics is a crucial component of the behaviours that a business adopts as its corporate social responsibility.
By the end of this session you will:
Identify the social demands on your company
Recognise the two approaches to corporate social responsibility
Plot conflicting issues of business returns versus ethics
Discuss an approach to whistle blowing