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Sustainability issues in maritime transport
Published in Dong-Ping Song, Container Logistics and Maritime Transport, 2021
At the enterprise level, the concept of sustainability is closely related to CSR. The European Commission defines CSR as “the responsibility of enterprises for their impacts on society and outlines what an enterprise should do to meet that responsibility” (European Commission 2011). It requires enterprises to “have a process in place to integrate social, environmental, and ethical human rights and consumer concerns into their business operations and core strategy in close cooperation with their stakeholders”. The key features of this definition include taking the triple bottom line approach to business operations; maximising the creation of shared value and the returns on investment; mitigating possible adverse impacts on society including the dimension of human rights and ethical consideration; and protecting environment (European Commission 2011). In that sense, CSR can be defined as the integration of the sustainability (i.e. economic, social, and environmental activities) into the enterprise’s core business practices.
Integrating the United Nations’ Sustainable Development Goals into Strategic Corporate Social Responsibility
Published in Karen Wendt, Green and Social Economy Finance, 2021
Additionally, Waddock and Bodwell (2007) argue that corporations need to manage their stakeholders and CSR agendas from a strategic lens that aims at achieving sustainable and long-term results. In their analysis, managers should consider managing strategic CSR through a Total Responsibility Management (TRM) technique that goes beyond Carroll’s discretionary activities. TRM is profoundly influenced by the Total Quality Management (TQM) Japanese approach in management, which started in the 2000s. The TQM has been a global trend in evaluating corporate performance through measuring the long-term success of a firm through customer satisfaction. At its core, all stakeholders participate in enhancing and developing the products, processes, as well as the organizational culture to achieve ‘total quality’. Strategic CSR helps institutions to achieve direct economic values while contributing to social and environmental objectives through integrating CSR as a strategic investment across all core business operations and strategies.
Role of Corporate Social Responsibility (CSR) and Corporate Environmental Responsibility (CER) in Achieving Sustainability Goals
Published in Nitin Kumar Singh, Siddhartha Pandey, Himanshu Sharma, Sunkulp Goel, Green Innovation, Sustainable Development, and Circular Economy, 2020
Manish Yadav, Neeraj Kumar Singh, Ramesh Chandra Sahoo, Uma Kanta Mohanty
Countries throughout the world have shown huge concern for CSR and CER related work. According to the United Nations Industrial Development Organization, CSR is a management tool which shows the concerns of corporates/industries for the social and environmental upliftment by integrating CSR into their operations. The world is becoming more aware and the concept of CSR has been introduced successfully across the globe. In the United States, the Bureau of Economic and Business Affairs has a CSR team which monitors US businesses through promotion of responsible and ethical business practices. In the United Kingdom, CSR is included in corporate governance. The Companies Act, 2006, put obligations on the directors of companies to have regard for social and environmental issues. For the different countries of Europe, the European Commission sets the agenda for CSR related issues. CSR planning should be in line with the ISO 26000 Guidance Standard on Social Responsibility and the Organisation for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises. CSR strategy should also include the principles laid down by the United Nations Global Compact and United Nations Guiding Principles on Business and Human Rights. India is the first country where CSR contribution is mandatory, and it is part of corporate governance. The details of the Indian scenario are discussed later in this chapter. Like India, other countries like South Africa, China, France and Denmark also have mandatory reporting obligations on the amount of spending on CSR activities.
Determinants to the implementation of corporate social responsibility in the maritime industry: a quantitative study
Published in Journal of International Maritime Safety, Environmental Affairs, and Shipping, 2019
Ioannis Fasoulis, Rafet Emek Kurt
CSR is a multilateral issue and, as stressed previously, there is not a commonly agreed definition on that theme. However, and consistent with the current integrated approach to sustainability, CSR is mostly approached as “a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis” (Aras and Crowther 2008, 11). Investigating the roots of CSR we conclude that it does refer to a newly launched idea and, as such, its origins are traced back in the “social contract” theory (Davis 1973). As implied by this approach, businesses should think and act in an ethical and legitimate manner and, within that context, a socially responsible behaviour requires involvement and contribution of corporations to society (Moir 2001). Closely related to “social contract” theory lays also the “Iron law of Responsibility” approach. Such principle assumes that private enterprises poses power, which should be analogous to their obligations to society. As such, companies that maintain such power are expected to contribute and advance society’s welfare (Okoye 2009). In another perspective, it has been argued that CSR has its roots in the stakeholder theory (Asif et al. 2011). In that sense, managing and maintaining good relationships with stakeholders is expected to add value to the company by the increased trust and reduced risks born by business interaction with such affected parties (Brown and Forster 2013). In a more modern perspective, CSR is seen as a business model approach to deal with sustainability developments and associated regulatory mandates in an integrated manner (Alhaddi 2015).
The roles of SMEs in implementing CSR in supply chains: a systematic literature review
Published in International Journal of Logistics Research and Applications, 2020
Limited resources are usually associated with SME characteristics and can be categorised as financial and human (Perrini, Russo, and Tencati 2007; Russo and Perrini 2010). Implementing CSR in the supply chain can be difficult because of the high costs in terms of necessary resources, such as time and money, and competences. However, SMEs can rely on organisations outside the supply chain, such as NGOs, to acquire external resources and improve their capabilities (Lee and Klassen 2008; Stekelorum, Laguir, and El baz 2019a). These organisations can provide support to SMEs for monitoring their suppliers or responding to CSR requirements of supply chain partners.
Environmental indicator disclosure of international contractors
Published in Journal of the Chinese Institute of Engineers, 2022
Andrew S. Chang, Alba M. Romero, Calista Y. Tsai
CSR practices have several advantages for organizations, such as improving company representation, increasing employee motivation, improving communication with stakeholders, and reducing resource consumption (Sprinkle and Maines 2010). Moreover, organizations employ CSR reporting for various purposes, including fulfilling their environmental and social responsibility, reducing operating costs, and obtaining environmental visibility (Skouloudis, Evangelinos, and Kourmousis 2010). CSR practices are directly related to organization competitiveness, mitigation of supply-chain risks, increment in customer satisfaction, and positive profitability (Cazeri et al. 2018).