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Corporate Social responsibility- CSR

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CORPORATE SOCIAL RESPONSIBILITY ,[object Object]
A positive attitude of the corporate towards the society by rendering services and facilities.
Minimizes the negative environmental and social impacts of business and maximizes their positive environmental and social impacts.,[object Object]
Benefits of CSR CSR behaviour can benefit the firm in several ways: Attraction and retention of staff. Attracts investments. Leads to reduction in costs. Differentiation from competitors. Leads to increased profitability.
ARGUMENTS AGAINST SOCIAL RESPONSIBILITY ,[object Object]
Creates excessive costs.
Lack of skills.
Not accountable .,[object Object]
1980’sBhopal disaster CSR activities incorporated in organizational setting Linkages between business’s social and financial performance
Bhopal Gas Disaster ,[object Object]
20,000 have died
More than 120,000 people still continue to suffer. ,[object Object]
Union Carbide dumped waste in the surrounding areas, after the disaster, many tons of highly toxic simply abandoned. Greenpeace label the site a ‘Global Toxic Hotspot’.,[object Object]
WTO‘reactive’ corporate social responsible initiatives ,[object Object]

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