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6 Examples of Corporate Social Responsibility That Were Successful

• 06 Jun 2019

Business is about more than just making a profit. Climate change, economic inequality, and other global challenges that impact communities worldwide have compelled companies to be purpose-driven and contribute to the greater good .

In a recent study by Deloitte , 93 percent of business leaders said they believe companies aren't just employers, but stewards of society. In addition, 95 percent reported they plan to take a stronger stance on large-scale issues in the coming years and devote significant resources to socially responsible initiatives. With more CEOs turning their focus to the long term, it’s important to consider what you can do in your career to make an impact .

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What Is Corporate Social Responsibility?

Corporate social responsibility (CSR) is a business model in which for-profit companies seek ways to create social and environmental benefits while pursuing organizational goals, such as revenue growth and maximizing shareholder value.

Today’s organizations are implementing extensive corporate social responsibility programs, with many companies dedicating C-level executive roles and entire departments to social and environmental initiatives. These executives are commonly referred to as chief officers of corporate social responsibility or chief sustainability officers (CSO).

There are many types of corporate social responsibility , and CSR might look different for each organization, but the end goal is always the same: Do well by doing good . Companies that embrace corporate social responsibility aim to maintain profitability while supporting a larger purpose.

Rather than simply focusing on generating profit, or the bottom line, socially responsible companies are concerned with the triple bottom line , which considers the impact that business decisions have on profit, people, and the planet.

It’s no coincidence that some of today’s most profitable organizations are also socially responsible. Here are six successful examples of corporate social responsibility you can use to drive social change at your organization.

Check out our video on corporate social responsibility below, and subscribe to our YouTube channel for more explainer content!

6 Corporate Social Responsibility Examples

1. lego’s commitment to sustainability.

As one of the most reputable companies in the world, Lego aims to not only help children develop through creative play but also foster a healthy planet.

Lego is the first, and only, toy company to be named a World Wildlife Fund Climate Savers Partner , marking its pledge to reduce its carbon impact. And its commitment to sustainability extends beyond its partnerships.

By 2030, the toymaker plans to use environmentally friendly materials to produce all of its core products and packaging—and it’s already taken key steps to achieve that goal.

Over 2013 and 2014, Lego shrunk its box sizes by 14 percent , saving approximately 7,000 tons of cardboard. Then, in 2018, the company introduced 150 botanical pieces made from sustainably sourced sugarcane —a break from the petroleum-based plastic typically used to produce the company’s signature building blocks. The company has also recently committed to removing all single-use plastic packaging from its materials by 2025, among other initiatives .

Along with these changes, the toymaker has committed to investing $164 million into its Sustainable Materials Center , where researchers are experimenting with bio-based materials that can be implemented into the production process.

Through these initiatives, Lego is well on its way to tackling pressing environmental challenges and furthering its mission to help build a more sustainable future.

Related : What Does "Sustainability" Mean in Business?

2. Salesforce’s 1-1-1 Philanthropic Model

Beyond being a leader in the technology space, cloud-based software giant Salesforce is a trailblazer in corporate philanthropy.

Since its outset, the company has championed its 1-1-1 philanthropic model , which involves giving one percent of product, one percent of equity, and one percent of employees’ time to communities and the nonprofit sector.

To date, Salesforce employees have logged more than 5 million volunteer hours . Not only that, the company has awarded upwards of $406 million in grants and donated to more than 40,000 nonprofit organizations and educational institutions.

In addition, through its work with San Francisco Unified and Oakland Unified School Districts, Salesforce has helped reduce algebra repeat rates and contributed to a high percentage of students receiving A’s or B’s in computer science classes.

As the company’s revenue grows, Salesforce stands as a prime example of the idea that profit-making and social impact initiatives don’t have to be at odds with one another.

3. Ben & Jerry’s Social Mission

At Ben & Jerry’s, positively impacting society is just as important as producing premium ice cream.

In 2012, the company became a certified B Corporation —a business that balances purpose and profit by meeting the highest standards of social and environmental performance, public transparency, and legal accountability.

As part of its overarching commitment to leading with progressive values, the ice cream maker established the Ben & Jerry’s Foundation in 1985, an organization dedicated to supporting grassroots movements that drive social change.

Each year, the foundation awards approximately $2.5 million in grants to organizations in Vermont and across the United States. Grant recipients have included the United Workers Association, a human rights group striving to end poverty, and the Clean Air Coalition, an environmental health and justice organization based in New York.

The foundation’s work earned it a National Committee for Responsive Philanthropy Award in 2014, and it continues to sponsor efforts to find solutions to systemic problems at both local and national levels.

Related : How to Create Social Change: 4 Business Strategies

4. Levi Strauss’s Social Impact

In addition to being one of the most successful fashion brands in history, Levi’s is also one of the first to push for a more ethical and sustainable supply chain.

In 1991, the brand created its Terms of Engagement , which established its global code of conduct regarding its supply chain and set standards for workers’ rights, a safe work environment, and an environmentally friendly production process.

To maintain its commitment in a changing world, Levi’s regularly updates its Terms of Engagement. In 2011, on the 20th anniversary of its code of conduct, Levi’s announced its Worker Well-being initiative to implement further programs focused on the health and well-being of supply chain workers.

Since 2011, the Worker Well-being initiative has been expanded to 12 countries, benefitting more than 100,000 workers. In 2016, the brand scaled up the initiative, vowing to expand the program to more than 300,000 workers and produce more than 80 percent of its product in Worker Well-being factories by 2025.

For its continued efforts to maintain the well-being of its people and the environment, Levi’s was named one of Engage for Good’s 2020 Golden Halo Award winners , the highest honor reserved for socially responsible companies.

5. Starbucks’s Commitment to Ethical Sourcing

Starbucks launched its first corporate social responsibility report in 2002 with the goal of becoming as well-known for its CSR initiatives as for its products. One of the ways the brand has fulfilled this goal is through ethical sourcing.

In 2015, Starbucks verified that 99 percent of its coffee supply chain is ethically sourced , and it seeks to boost that figure to 100 percent through continued efforts and partnerships with local coffee farmers and organizations.

The brand bases its approach on Coffee and Farmer Equity (CAFE) Practices , one of the coffee industry’s first set of ethical sourcing standards created in collaboration with Conservation International . CAFE assesses coffee farms against specific economic, social, and environmental standards, ensuring Starbucks can source its product while maintaining a positive social impact.

For its work, Starbucks was named one of the world’s most ethical companies in 2021 by Ethisphere.

6. New Belgium Brewing’s Sustainable Practices

New Belgium Brewing has always been a proponent of green initiatives . As early as 1999, it was one of the first breweries to use wind power to source 100 percent of its electricity, significantly reducing its operational carbon footprint.

In Harvard Business School Online’s Business and Climate Change course, Katie Wallace, New Belgium Brewing's chief environmental, social, and governance (ESG) officer, elaborates on the company’s sustainable practices.

"We have biogas here that we capture from our process water treatment plant," Wallace says in the course. "We make electricity with it. When we installed our solar panels on the Colorado packaging hall, it was the largest privately owned solar array at that time in Colorado. And today, we have many other sources of renewable electricity and have invested quite a bit in efficiencies."

New Belgium Brewing also turns outward in its sustainability practices by actively engaging with suppliers, customers, and competitors to promote broader environmental change. These efforts range from encouraging the use of renewable resources in supply chains to participating in policy-making discussions that foster industry-wide sustainability. For example, it co-founded the Glass Recycling Coalition to improve recycling nationwide after recognizing sustainability concerns in the bottling industry.

New Belgium's commitment to corporate social responsibility is an ongoing process, though. The brewery continues to set ambitious targets for reducing waste, conserving water, and supporting renewable energy projects to build a more sustainable future.

The Value of Being Socially Responsible

As these firms demonstrate , a deep and abiding commitment to corporate social responsibility can pay dividends. By learning from these initiatives and taking a values-driven approach to business, you can help your organization thrive and grow, even as it confronts global challenges.

Corporate social responsibility is critical for businesses today. It enables organizations to contribute to society while also achieving operational goals. By prioritizing social responsibility, you can build trust with your stakeholders and leave a positive impact.

Do you want to understand how to combine purpose and profit and more effectively tackle global challenges? Explore our online business in society courses , including Sustainable Business Strategy and Business and Climate Change , to learn more about how business can be a catalyst for system-level change.

This post was updated on May 30, 2024. It was originally published on June 6, 2019.

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Corporate Social Responsibility - Essay Samples And Topic Ideas For Free

Corporate Social Responsibility (CSR) represents a business model where companies integrate social and environmental concerns in their business operations and interactions with stakeholders. Essays on CSR could explore its evolution from philanthropic initiatives to a core strategic component of business operations, reflecting broader societal expectations of corporate ethics and sustainability. Discussions might delve into various CSR models and frameworks, and how they are implemented across different industries and cultural contexts. The discourse could extend to the examination of notable CSR initiatives, their impact on communities, and the balance between profit-making and social responsibility. Moreover, essays might explore the challenges and opportunities of CSR, such as greenwashing, stakeholder engagement, and the integration of sustainable practices. The implications of CSR on corporate governance, ethical leadership, and the broader societal shift towards sustainability and ethical consumerism could also be captivating areas of exploration. We have collected a large number of free essay examples about Corporate Social Responsibility you can find at Papersowl. You can use our samples for inspiration to write your own essay, research paper, or just to explore a new topic for yourself.

Corporate Social Responsibility and Ethical Behavior in Corporations

This research paper will compare and contrast the differences between corporate social responsibility and ethical behavior in corporations by considering the ethics that impact business decisions. In order for a clear contrast of the two there first must be a clear understanding of ethics and business ethics. Ethics comes from the Greek word ethos, which means moral character. When we think of ethics in terms of behavior we understand it to be an aspect concerning good and bad, the right […]

Corporate Social Responsibility against Cancer

Abstract As an assistant manager at Kenta Law Firm, based in Monroe, I intend to collaborate with the Susan B. Komen Foundation a non-organization corporation that is interested in reducing issues of breast cancer among women. Kenta law firm has noted that a significant populace of Monroe’s youth especially women and young children specifically those who are homeless are suffering from breast cancer. In this CSR partnership, our law firm will collaborate with the Susan B. Komen Foundation in addressing […]

Walmart’s Use of Databases

Introduction Walmart takes their data collection very seriously. They realize how useful data can be to them in a number of fashions. But what kind of data does Walmart collect, and how do they use this data? Does Walmart's data collection expose their paying customers to risks? Walmart uses statistics of flow of customers, purchase records, personal contact information, and internal and external market research (among others) to comprise their data to help them make better business decisions. Walmart uses […]

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Different Perspectives on the Concept of Corporate Social Responsibility

When it comes to Corporate Social Responsibility, an organization should choose wisely what it stands for. Friedman and Carroll have different perspectives on the concept of CSR. Friedman argues that social responsibility in a company is all about the economic value and how much profit is being made. He believes that any money used for charitable activities that benefit the society is an inappropriate use of shareholders' money as it does not generate any revenue directly. He emphasizes following the […]

Milton Friedman and Social Responsibility

Friedman do not affirm that the executives can act in any way as are used in accordance with the law and follow the ethical custom. But he closed the charity activity since they do not contribute straight to the victory. An upright overview of organization activities in the views of Friedman's agreement is simply not that carry out happenings simply since they are ethical, but since they are economically feasible. One of the main reasons for Friedman to the exclusion […]

Case Study – Lancaster Caramel Company

Introduction Hershey’s is one of the largest chocolate manufacturers that aims to continue expanding worldwide. The beginning of Hershey’s company was when Milton S. Hershey found Lancaster Caramel Company in the 19th century in Pennsylvania. He made his wealth by producing caramel pieces as the first product before turning into chocolate production. The idea of making chocolate came after he started covering the caramel pieces with chocolate, many people were impressed and attracted to the taste of the chocolate coat. […]

Business Ethics and TechFite

TechFite is a U.K-based company that has done well, even though their operations within a new multicultural environment, the United States, have been challenging. With their community and employee-focused organizational structure, the company has successfully empowered their members by including leadership development and facilitating strong coworker relationships. TechFite also maintains high standards by properly compensating employees for their contributions to the company as a whole. In addition, their highly respected environmental ethos is a major plus for the future direction […]

Review on Businesses Without Values and Ethics

This review will study the impact of ethical leadership, of employees, performance in an organization. The progress of an organization's achievements is based on the employees. The employees are considered an important resource to achieve competitive advantages. An ethical leader who shares its authority with employees will improve their performance. So, if leaders set the precedence for upholding high ethical values then the employee will follow suit. On the other hand, if leaders do not have an ethical value and […]

Ethics and the Business Professional

Evaluate your own performance as a morally responsible group member. Which behaviors do you demonstrate? Which do you need to develop? What specific steps might you take to improve? The concept of moral responsibility implies that a person can be evaluated with praise or blame for actions based on a moral code. Moral responsibility suggests that the person is in control of her actions and no other element in the decision-making process interferes with the person's control of the situation. […]

Milton Friedmen and CSR

Social responsibility can be viewed as a vital aspect of people's lives across the globe. Lately, it has also become one of the major increasing concerns in the business world. As a result, interactions between businesses, society, and government have greatly developed. In addition, the standard view of a business's social responsibility holds that it should involve actions that maximize its profit according to Milton Friedman. Contrasting to this view is the socioeconomic outlook of social responsibility which believes that […]

My Research on Starbucks

According to Management principles learned in business, Corporate Social Responsibility (CSR) is valued not just by a business but also by the consumer. Despite some businesses recording massive successes in practicing CSR, other entities or organizations are conflicted about its benefits. I decided to pick and explore Starbucks because of its enormous social standpoint. CSR plays a significant role in the success of Starbucks. The company uses CSR as a long-term strategy, leading to the sustainability of its magnificent brand […]

Implementation of the Environmental Disclosure Requirement in Australian Service Industry

The issue of environmental conservation has been a primary subject in many countries across the world. Concerns raised in respect to the subject often stem from the negative effects environmental pollution has demonstrated worldwide. Over the previous decades, a wealth of literature has surfaced from the social accounting sector, indicating a continuous growth in the extent of social disclosure appearing in corporate annual reports. Specifically, the level of environmental disclosures has consistently increased compared to past decades. In Australia, for […]

Managing Sustainability Development

Executive summary Sustainable development practices for any organization have to be informed by the goals of the company. For Vodafone Company in New Zealand, the goals of the company are to produce quality cell phones, conserve the environment and encourage young people to work hard and be responsible citizens. The project will be undertaken to evaluate how the company can improve efficiency in operations and at the same time maintain the profit margin as it stands. The company is thus […]

What is Sustainability in Business?

The first aspect business looks when thinking about sustainability is the operational aspect and saving cost as it is easy to measure.Most of the resource we are using are non-renewable resources,from our energy need to the consumption of oil.But all these resources are bound to get over in the future.There is a term called peak oil,after which production of oil reduces due to reduce reserves.There is already an alert for helium gas which is used in many areas like filling […]

Sustainability Community Engagement and Diversity Inclusion Review BA

Introduction: Southern Company is an energy holding company that produces and sells electricity through various southern power subsidiaries. It's headquarters is located in Atlanta, GA and the company has been a part of the Fortune 500 list for 24 years. It's current rank is 126, up 19 spots from its ranking in 2017. The CEO is Thomas A. Fanning and he is in charge of 31,344 employees. Southern Company operates 11 regulated utilities serving an estimated 9 million people in […]

Kenneth Lay: a Study in Corporate Misconduct and its Impact

Kenneth Lay, the former CEO of Enron Corporation, remains an emblematic figure in the annals of corporate fraud and mismanagement. His story serves as a crucial lesson in ethics, leadership, and the consequences of corporate malfeasance. In understanding Lay's role in the Enron scandal, we delve into a narrative that intertwines personal ambition with a catastrophic lapse in corporate governance, leading to one of the most infamous collapses in American business history. Kenneth Lay, born in 1942 in Missouri, rose […]

Value-transmission in Multinational Corporations

The case study is a good exercise for contemplating value-transmission in multinational corporations and shows the difficulty of staying committed to development in the countries of operation. IKEA Case Study IKEA’s global sourcing challenge with Indian rugs and child labor exhibits the challenges and complexities of conducting international business. This case is particularly interesting because it shines light on a company’s response to new issues in corporate social responsibility brought about by globalization. The events take place at a time […]

Social Problems of the Company

Introduction There are many stories published regarding Nike’s Corporate Social Responsibility (CSR) efforts in the last 20 years. Starting with Phil Knight, Nike’s visionary, the company through its CSR journey has overhauled the company from a period of time it was known for “slave wages, forced overtime, and arbitrary abuse” to a world class leader in the utilization of both social and environmental strategies to foster innovation, growth and sustainability, currently Nike is viewed among global CSR leaders. From the […]

The Corporate Gentrification

I chose to watch Michael John Warren’s production of Rent: Filmed Live on Broadway filmed on September 7th, 2008. This was the first time I watched this rock musical; I found the acting, directing, and production quality to be at a very professional level. The play was originally directed for the stage by Michael Greif. He is an American stage director who has won three Obie awards and received four Tony Award nominations, including one for Rent. The play’s plot […]

Managerial Ethics & Social Responsibility

Ethics and ethical behavior are difficult to touch upon, especially in current times when institutions are riddled with corruption, and driven by desire for money and power. We live in an environment where acting ethically for the sake of dignity can cost a person their job, family, and in extreme cases, their life. You may have heard about the tweet that cost Elon Musk billions of dollars. Musk tweeted, “Am considering taking Tesla private at $420. Funding secured.” This message […]

A Personal Education and the Ethical Dilemma and the Hypothetical Scenario

Here's a hypothetical scenario: I am a manager at LHEM (Large Heavy Equipment Manufacturing), a company that outsources the manufacturing of a specialized piece of equipment to a firm located in another country. We'll refer to this company as FF (Foreign Firm). Outsourcing this piece of equipment has saved LHEM a considerable amount of money, increasing profits by 15%. However, a recent newspaper article revealed that FF pays their employees only a few dollars a day and imposes extensive working […]

Was J.P. Morgan a Captain of Industry or Robber Baron?

Introduction J.P. Morgan set up the first billion-dollar corporation, which was U.S.Steel. Morgan was able to save the United States in a time of need while also making millions himself. On the other side, he treated his workers very poorly, making them work long hours and thinking of them as inferior to himself. Body Captain of Industry: Contributions to Industrialization Some people view J.P. Morgan as a captain of industry, while others view him as a robber baron. J.P. Morgan […]

About the Walt Disney Company

From its 1923 beginnings in animation to the magical resorts today, The Walt Disney Company, or simply Disney, is an international icon where "imagination has no age" (Disney, 2018; Perez, 2013, para. 15). Disney and its subsidiaries comprise cruise lines, media networks, studio entertainment, streaming services, and world-renowned theme parks in 45 countries (Disney, 2018). The Walt Disney Company employs nearly 200,000 employees around the globe, as well as an executive team and board of directors at its headquarters in […]

Ethics, Sustainability and CSR

The article by Julia Wolf on stakeholder pressure explores the relationship between supply chain management and sustainable corporate performance, taking a critical look at the Nestle campaign in relation to these factors. The article examines supply chain management and the influence of external forces. It also discusses the relationship between supply chain control and stakeholders' perceptions of an organization. It highlights how stakeholder pressure and supply chain management contribute towards achieving sustainable performance (Wolf, 2013). The paper covers several theories, […]

Essay on Becoming a Veterinarian

Introduction Becoming a vet isn’t easy. It takes a lot of hard work, tough classes, and a real love for animals. Vets are super important because they keep animals healthy, and that helps us humans too by stopping diseases that animals can give us. This essay is gonna look at what it takes to become a vet, why the job is so important, and some of the good and bad parts of the gig. Educational Pathway and Requirements Starting out, […]

Chick-fil-A Controversy: Balancing Beliefs and Business

Chick-fil-A, a fast-food chain known for its chicken sandwiches, has found itself at the center of several controversies over the years. Founded in 1946 by S. Truett Cathy, Chick-fil-A has grown to become one of the largest fast-food chains in the United States. However, its expansion has not been without challenges, particularly concerning the company's stance on social issues, which has sparked significant public debate. One of the most notable controversies surrounding Chick-fil-A is its stance on LGBTQ+ rights. The […]

The Titans of Industry: who were the Four Robber Barons?

In the late 19th and early 20th centuries, America witnessed the rise of industrial magnates whose wealth and influence shaped the nation's economy and society. These individuals, often referred to as "Robber Barons," amassed vast fortunes through aggressive business practices and strategic monopolies. The term "Robber Baron" itself reflects a duality: while these men were seen as captains of industry and visionaries, they were also criticized for their exploitative tactics and the immense power they wielded over the market. The […]

The Intriguing Layers of “The Informant!”: a Study of Corporate Espionage and Whistleblowing

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The Case of Coyote V. Acme: Analyzing a Cultural Icon

In the realm of animated entertainment, few characters are as enduringly popular as Wile E. Coyote and his perpetual pursuit of the Road Runner. Central to this enduring appeal is the frequent and spectacular failure of Coyote's elaborate schemes, often involving products from the fictional Acme Corporation. The humorous and exaggerated mishaps have led to the satirical "Coyote v. Acme" case, where Wile E. Coyote hypothetically sues Acme for the countless defective products that have caused him endless physical harm […]

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Essay Samples on Corporate Social Responsibility

Assessing csr's impact on profitability: article review.

Introduction “Social responsibility of business is to increase its profits as long as it stays within the rules of the game” (Friedman 1962). This quote represents the view of renowned economist Milton Friedman. It can be said that this view is only limited to one...

• Article Review
• Corporate Social Responsibility

Corporate Social Responsibility: Taking Responsibility For Actions In Businesses

Many consumers require companies to change the way they carry out their operations by becoming more transparent and taking responsibility for the issues in society. Consequently, Corporate Social Responsibility (CSR) has taken root in today's corporate world. Organizations that fail to incorporate CSR programs within...

• Responsibility
• Social Responsibility

The Investigation into the Volkswagen's Emission Scandal

Introduction The report would investigate and research the Volkswagen (VW) diesel car scandal that was reported worldwide in the late summer, early autumn of 2015. Upon analysis of the case scenario, the researcher would identify the legal, social, ethical and professional issues associated with the...

The Story of Wikileaks Foundation and Its Controversies

What is Wikileaks? WikiLeaks is an online non-profit organization which was founded by Julian Assange in 2006. It is a website that collects data and basically steals secrets from the government. It is also given secrets by anonymous sources which they then publish online for...

The Role of Sustainable Development in the Resource Management

What is a resource management and what is the role of the sustainable development? In this text we are going to take into consideration how we started using the resources and how we end it up by using it in a wrong way. From the...

• Resource Management

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Problems in Balancing Corporate Aims and Workers Dreams in Human Resource Management

Employee policy does not stop with taking records of techniques and practices. This was stated in the works by Brown, et al. (2019) as they reviewed literatures in evaluating the HRM organisation of talents in T&H industry. They revealed that hiring and staffing can traverse...

• Human Resource Management

The Ethics and Profits of Social Responsibility in Corporations

When it comes to expanding a business internationally there are several factors that must be considered before making the big move. Expanding internationally takes time as there are ethical procedures as well as the fact that the way procedures are done in one country may...

Improving Economic Growth with Coporate Social Responsibility

Corporate social responsibility (CSR) refers to the awareness, acceptance and management of the wider implications of corporate decisions. (Michalaska, 2019). CSR is “the responsibility of a company for the totality of its impact” (Chandler, 2001) European commission states that it is expected from companies to...

• Economic Growth

Corporate Social Responsibility Among Millenials

In the past three years, I have participated in competitive sales speaking, and through listening to other participants, I have observed one thing they all have in common: every sales speech, although selling a product, has a section on how the company gives back. Over...

• Millennial Generation

Immense Impact of Corporate Social Responsibility on Businesses

Introduction Corporate Social Responsibility (CSR) develop an economic of the business to contribute the achievable success in competitive advantage that build the reputation and acquire the trust of people. Providing in quickly improving that need for enhancing transparency, firm citizenship, maintain on social, ethical and...

Corporate Social Responsibility (CSR): An Essential Strategy for Successful Businesses

Introduction Historically, the ultimate goal of any corporation has been making money and increasing shareholder's value because they are the real owners of the company, and without them, the company won't exist. However, over the last decade, a concept known as Corporate Social Responsibility (CSR)...

Environmental Protection And The Social Responsibility Of Firms

Introduction Responsible business concerns itself with allowing and ensuring the application of social and moral principles in business decision making. Through the definitions, the following principles of responsible business can be drawn: Use of raw materials that have been proven to have less damage to...

• Environmental Protection

Managing Corporate Citizenship and Sustainability in the Age of Globalization

The stakeholders affected by the decision of the human resource manager include the management, the employees, both the fired and those still working, and the clients of the organization. The management is affected because the company is understaffed and the available resources underutilized. This means...

• Business Ethics
• Corporate Culture

The Concept of Sustainable Development and Employee Perception

Introduction Background of Corporate Sustainability During earlier times, the main objective of organizations was efficient utilization of resources and to capitalize on the fact that how efficient an organization is to convert its capital into profits (Jensen and Meckling 1976). The main role of the...

• Sustainability

Components To Measure Good Governance

The idea of great administration has picked up noticeable worth around the globe lately. The term governance has turned out to be synonymous to sound improvement governance. Subhash et al, 2015 say that in the mid 1990’s as manageability with the accentuations on adherence to...

• Role of Government

Corporate Governance & What You Should Know About It

The finest companies across the globe differentiate themselves from the undistinguished ones by adopting high standards of corporate governance. Even so, authoritarian regulations have placed an increasing demand on companies to be more responsive to investors, to engage shareholders and protect minority interest. Also, corporations...

• Organizational Structure

The Importance Of Corporate Governance In Bangladesh

Abstract Corporate governance is a set of principles that should be incorporated into every part of the company to enusre proper accountability and responsibility. This study focues on the state of Corporate governance in Pharmaceutical industry to understand how it has been implied. Corporate governance...

Colgate-Palmolive'S Csr And Sustainability Report

Colgate-Pamolive is an American worldwide corporation focused on the production, processing, and distribution of household, health care, personal care products and services. The corporation was founded in 1806 and became Colgate-Pamolive in 1928 after partnering with another company. Since 2017, Colgate-Palmolive is currently ranked ninth...

The Impact Of Hurricane Katrina On Organizations: Valero Energy Case Study

Hurricane Katrina is the terrible natural disaster occurred suddenly in nature which resulted a serious damage and many deaths. It’s almost been 10 years, Hurricane Katrina hit most of the states. This hurricane caused so much loss and destroyed several houses and many people died...

• Hurricane Katrina
• Organization

Importance Of Corporate Social Responsibility & Governance

Corporate Governance Corporate governance refers to the standard of relationship between the board of directors, management, shareholders, auditors and other stakeholders that determines how a company is functions. In corporate governance it identifies who has the power to make the decisions. Corporate administration guarantees that...

Best topics on Corporate Social Responsibility

1. Assessing CSR’s Impact on Profitability: Article Review

2. Corporate Social Responsibility: Taking Responsibility For Actions In Businesses

3. The Investigation into the Volkswagen’s Emission Scandal

4. The Story of Wikileaks Foundation and Its Controversies

5. The Role of Sustainable Development in the Resource Management

6. Problems in Balancing Corporate Aims and Workers Dreams in Human Resource Management

7. The Ethics and Profits of Social Responsibility in Corporations

8. Improving Economic Growth with Coporate Social Responsibility

9. Corporate Social Responsibility Among Millenials

10. Immense Impact of Corporate Social Responsibility on Businesses

11. Corporate Social Responsibility (CSR): An Essential Strategy for Successful Businesses

12. Environmental Protection And The Social Responsibility Of Firms

13. Managing Corporate Citizenship and Sustainability in the Age of Globalization

14. The Concept of Sustainable Development and Employee Perception

15. Components To Measure Good Governance

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Corporate Social Responsibility

Business ownership – a view from stakeholders perspective, only a few corporations take the csr seriously, economic hard time and core business focus, role and responsibility conflict, environmental management and corporations’ profitability.

Long periods of time have seen businesses sustain success in the visibly competitive world of trade. This success is linked to good governance from the board of management, with support from the shareholders. Similarly, businesses that have performed poorly in the past are connected to the weaknesses of the boards of governors, who in one way or another failed to address specific issues that confront their business venture. The management of corporations is in most cases under the leadership of a chief executive officer (CEO), who is given the opportunity to manage the corporation by the shareholders (Mallin, 2007). The CEO reports directly to the board of directors. While the board plays a critical role in ensuring that the management and the CEO of the organization get everything right, the board is normally answerable to the shareholders (Monks & Minow, 2007, p.126).

It is noted that the test of any effective governance and management is reflected in the degree to which an organization achieves its purpose and set goals (Jensen, 1976, p.4). However, another phenomenon has emerged in the world of business where the roles of business entities have been billed to go beyond shareholder satisfaction. This is Corporate Social Responsibility (CSR) which has been linked with the responsibility of caring for stakeholders in a wider perspective of the global or regional community (Carroll, 1999). Others refer to it as corporate citizenship, with the common belief that it influences all the aspects of the business on a global or regional scale. This belief is pinned on the notion that businesses matter since they create a lot of wealth, which they are required to share with the community under the banner of “stakeholders” (Atkinson, Waterhouse & Wells, 1997, p.25). In other words, the concept of the CRS is a state in which an organization decides where it fits in social fabrics, by addressing the ethics of business, corporate governance, environmental issues, and any other issue within the social context of the society (Bushman & Smith, 2003). But is CSR necessary for the success of a corporation? Or is CSR an obligation of the Corporations? This paper critically analyzes whether the corporations have the role of Corporate Social Responsibility as part of their duty in the wider aspect of their roles.

According to some business pundits, business is principally owned by stakeholders, and that any money spent on Corporate Social Responsibility is a waste of corporation’s resources and ‘polite robbery’ from the rightful owners of the business (Bushman & Smith, 2003, p.14). The case against CSR can be traced back to a statement by scholar and business leader, Laisser-Fair. Supporting his position are people like Elaine Sternberg, who argues that practicing CRS is basically going against human rights; the right of owners to enjoy the right to reap from their efforts, hence they are denied the right to property ownership (Werther & Chandler, 2006). Stating that the objectives of every contemporary view are ridiculous, she argues that the right to own a property is earned fairly in a business environment and thus should be respected at all costs (Werther & Chandler, 2006, p.39). However, a view that “ordinary decency, honesty, and fairness” should be at the forefront of every corporation is also paramount in many ways (Jensen, 1996).

It is also argued that corporate social responsibility undermines the very base of a free society (Grossman & Hart, 1982). This is because of the acceptance of the corporate leaders that they have a social responsibility to satisfy the needs of those who have not contributed directly to the success of the corporation. It thus means that the responsibility to make more profit to the shareholders is jeopardized.

The past surveys of the most respected companies in the globe show that corporations that have not concentrated much on the topic do better than the ones which have concentrated much on CSR activities (Freeman, 1994). The survey revealed that the position of “The Most Respected Business Leaders” has been occupied by those executives or business leaders who do not play nice in the market, hence creating a belief that being good to the stakeholders at large is not

the way to go for success in business (Freeman, 1994). For instance, business leaders like Bill Gates are known to have not played the business game fairly, but still emerge with honors on their achievements (Monks & Minow, 2007). In fact, Microsoft is associated with some of the highest-profile cases of playing ‘big brother’ in the business environment hence jeopardizing the success of other firms in the same line of business (Monks & Minow, 2007, p.172). In fact, Bill Gates has used his huge financial achievements in the market to give away huge sums of money to the needy, at the expense of the competing firms.

Another notable case is that of Jack Welch of General Electric. He played nasty in the business world by a memorable and anti-social downsizing in his corporation and cases of environmental pollution that led to a lot of criticism from the society members, including the fellow business leaders (Monks & Minow, 2007, p.173). However, Alchian & Desmetz (2002) argues that Welch played his part in a manner that would be considered social responsibility activity, especially through his restructuring of the employee status through empowerment. Welch is in records as to have said that making a profit and paying taxes should not be the sole agenda that occupies the minds of the corporation leaders (Alchian & Desmetz, 2002).

In the dimension of core business and the need to focus on it, especially during this period of economic hardship, many scholars have argued that one should not lose focus of core business in the name of spending money unnecessarily. Colley (2003, p.213) states that “you cannot go round spending extravagantly” on unimportant issues while you are retrenching workers and the reputation of the company is headed downhill. From this argument, it is easy to argue that the reputation of the company may not be easily redeemed when the very society that is supposed to respond positively towards their activities are skeptical about everything they do in the name of CSR.

Fombrun (1996) on the other hand argues that the process of managing CSR depends on the aspect of managing a business. In this dimension, one can handle it poorly or well depending on whether the managers keep a firm focus on the business goals and objectives. It is, therefore, possible to reason out that time and again it is the corporation’s responsibility to keep off those activities that would attract the attention of pressure groups, especially the environmentalists or to avoid carrying out activities that may lead to prosecution and paying of regulatory charges (Fombrun, 1996). He states that through such an initiative, there would be no need for splashing out money for CSR activities. After all, many observe that CSR can lead to withdrawal of attention towards the improvement of quality, as the corporation will be spending a lot of time and money on building the image through CSR at the expense of improving product quality (Freeman 1994).

Historically, businesses have moved beyond morality and public policy, hence the need to do what is needed; create an environment for sustainable profit and growth (Millstein, 1998). By doing this, the government is benefiting through taxation, hence the need to create a favorable framework for the proper and fair game in society. Millstein (1998) argues that it is not logical to insist that smoking remain legal and adding a huge tax on it at the expense of consumers, and still act in the name of CSR. In fact many have argued that such activities or actions are purely not in the interest of the wider stakeholders, hence the call for the wholesome illegalization of tobacco.

It is indeed becoming extremely challenging as it is getting extremely hard to sustain the impact of such negative perceptions. In fact, taking an example of the tobacco industry still, they are actually global players, a big corporation that does continuously grow in its global networks at the expense of other locally based corporations. This makes it possible to take a global look at the scenario thus assuming the roles played by the locally based corporations. In essence, this may be the point behind many organizations hiding in the blanket of “small impact group” of corporations (Alchian & Desmetz, 2002).

Several studies have indicated that almost every business idea or a business venture that one may think of has the ability to “shift 1% of its overall turnover straight into its bottom line”, only if proper environmental management is undertaken in a way that would minimize wastes (Bushman & Smith, 2003). However, a lot of business leaders do not positively conceive the idea of spending money on environmental conservation or minimizing waste through specific environmental initiatives (Bushman & Smith, 2003). According to Bushman & Smith, business leaders do not like the idea of preventing the on-coming problem, but like acting after the disaster so that they can rebuild their name through CSR activities. In principle, the solution to the problems only comes after the need to solve an already existing problem rather than acting to clear the looming one.

There is considerable evidence that good governance cannot be replaced by activities of CSR. It must also be noted that the governance of corporations relies on the internal means through which their performances are accomplished (Colley, 2003). There is also little debate that good corporate governance will definitely impact the overall performance of the corporation. Again, while governance of a corporation is comprised of the internal relationships amongst shareholders, boards of directors, and managers, it must be acknowledged that such relationships are a result of respective roles of the government and private sector. This is seen in the way governments manage the laid down regulations, the general perception of the public as well as voluntary private initiatives. It is therefore important to note that CSR is basically an image-building initiative that in most cases can be avoided at the initial stages of company development. Again it should therefore be acknowledged that the primary role of corporate governance is to ensure the shareholders get their rightful control and benefit of the corporation rather than venturing into the image-building exercise through CSR.

Alchian, A., & Desmetz H. (1972) Production, Information Costs and Economic Organization. American Economic Review , 62, pp. 777-795.

Atkinson, A., & Waterhouse J., & Wells R. (1997) A stakeholder approach to strategic performance measurement. Sloan Management Review , Spring [38(3)]: 25-36.

Bushman, R., & Smith J. (2003) Trasparency, Financial Accounting Information and the Corporate Governance. FRBNY, Economic Policy Review , April.

Carroll, A. B. (1999) Corporate social responsibility: Evolution of a definitional construct. Business and Society 38(3), 268-295.

Colley, J.L. (2003) Corporate Governance . London. McGraw-Hill Professional.

Fombrun, C., J. (1996). Reputation: Realizing Value from the Corporate Image . Boston, MA: Harvard Business School Press.

Freeman E. R. (1984) Strategic Management: A Stakeholder Approach . Chicago. Pittman Books Limited.

Grossman, S., & Hart O. (1982) Corporate Financial Structure and Managerial Incentives. The Economics of Information and Uncertainty . Chicago. University of Chicago press.

Jensen, M. C. (1976) Theory of Firm: Managerial Behavior, Agency Costs and Ownership Structure. Working Paper , No 3 (1).

Mallin, C.A. 2007 Corporate Governance , 2 nd Edition. Oxford. Oxford University Press.

Millstein, I.M. (1998) Organization for Economic Co-operation and Development : Business Sector Advisory Group on Corporate Governance . London. OECD Publishing.

Monks, R. G. & Minow, N. (2007) Corporate Governance , 4 th Edition. New York. Wiley Blackwell.

Werther, B.W., & Chandler, D. (2006) Strategic Corporate Social Responsibility: Stakeholders in a Global Environment . Miami. University of Miami Publishing Press.

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Home — Essay Samples — Sociology — Social Responsibility — Corporate Social Responsibility in Business

Corporate Social Responsibility in Business

• Categories: Social Responsibility

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Published: Jan 31, 2024

Words: 724 | Pages: 2 | 4 min read

Table of contents

1. the concept of csr, 2. benefits of csr in business, 3. implementing csr initiatives, 4. examples of successful csr practices in business, 5. challenges and criticisms of csr in business, 6. future trends and the role of csr in business sustainability, 7. conclusion, references:.

• Cone Communications and Ebiquity survey - "2015 Cone Communications/Ebiquity Global CSR Study"
• Nielsen survey - "The sustainability imperative: New insights on consumer expectations"
• PwC study - "The purpose effect: Building business by inspiring employees"
• Deloitte survey - "The Deloitte Millennial Survey 2017"

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Top-Notch Corporate Social Responsibility Essay Example

Type of paper: Essay

Topic: CSR , Company , Strategy , Business , Strategies , Leadership , Sociology , Management

Published: 10/26/2020

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1. Corporate Social Responsibility has recently become very valuable for modern business. Companies’ leaders started to realize that CSR might bring the same, or even higher, impact on their main purpose – maximize the profit – rather than conservative ways of developing their product. It is recognized that CSR efforts are more likely to be taken by private companies, both small and big, rather than by public or state ones. The reason for such split is that private businesses have much more “free” money to invest into some charity programs and provide different philanthropic activities (Rangan, Chase, & Karim, 2012, 3). Afterwards, the Senior Management might move their philanthropy to more official and business related strategies; hence, they launch Corporate Social Responsibility throughout the whole company. Therefore, these activities lines up with the company strategies. Another factor, which can bring the CSR efforts to the company, is that nowadays it is popular to care about environment and social values (Rangan, Chase, & Karim, 2012, 4). Therefore, once company correlates their politics with surrounding care it adds values to the product or service this company specializes, and, as a result, it helps to achieve every business goal – to maximize the profit. However, lack of the clear CSR strategies lead the business leaders choose the frameworks to create one, otherwise, any CSR efforts will never bring the expected result, when they are spread into different initiatives and programs which are not even connected between each other (Rangan, Chase, & Karim, 2012, 4). Those frameworks should guide the company how to make CSR strategy unification of charity activity, supply chain, marketing aims etc., however this strategy cannot be fully integrated into company’s main business strategy (Rangan, Chase, & Karim, 2012, 4). 2. There are different factors and steps that should be taken while developing the effective CSR strategy. It is believed that the most important are: the highest level management has to make an official commitment that the company launches the CSR. Top management approach to the CSR strategies definitely increases the company’s respect throughout consumers and will move it to leader positions. Great example of this strategy is shown by Campbell’s Canada’s Nourish, which the first Canadian company that specialized on hunger problems (Allen, 2011, n.p.). Rapidly, Nourish became of the leaders in food industry and it is a great example how strategic approach of CSR can brought a success to the company. CSR efforts have to concentrate only to one particular problem (Allen, 2011, n.p.). It is well-known that dealing with one issue and concentrating all possible efforts on will definitely resolve it and within the shortest possible period of time. In the same time, once you split your efforts and attention to different ones, doubtfully the outcome will be as expected. Therefore, while dealing with the CSR strategy it is important to concentrate only on problem and do all necessary actions on it.

Rangan, K., Chase, L., & Karim, S. (2012). Why every company needs a CSR strategy and how to build it. [Boston]: Harvard Business School. Retrieved from http://www.hbs.edu/faculty/Publication%20Files/12-088.pdf Allen, F. (2015). The Five Elements of the Best CSR Programs. Forbes. Retrieved from http://www.forbes.com/sites/csr/2011/04/26/the-five-elements-of-the-best-csr-programs/

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