1. social responsibility of organisations
   1. is an Organization’s Obligation to Best Serve Society
      1. Social Responsibility is an Organization's Obligation to Best Serve Society.
      2. The triple bottom line of organizational performance includes financial, social, and environmental criteria.
         1. The 3 Ps of organizational performance are profit, people, and planet.
   2. Showing CSR and valuing the triple bottom line are most likely the ways you’d like your future employers to behave
2. relationships between corporate social responsibility and sustainable development
   1. Sustainable Business and Sustainable Development
      1. Sustainable business is where firms operate in ways that both meet the needs of customers and protect or advance the well-being of our natural environment.
         1. The hallmarks include
            1. less waste,
            2. less toxic materials,
            3. more resource eff iciency,
            4. more energy efficiency,
            5. more renewable energy.
      2. Sustainable development is making use of natural resources to meet today's needs while preserving and protecting the environment for use by future generations.
         1. Environmental capital or natural capital is the storehouse of natural resources atmosphere, land, water, and minerals-that we use to sustain life and produce goods and services for society.
         2. ISO 14001 is a global quality standard that certifies organizations that set environmental objectives and targets, account for the environmental impact of their activities, and continuously improve environmental performance.
   2. Human Sustainability
      1. giving management attention
         1. not only to issues of ecological and environmental sustainability
         2. but also to social and human sustainability
         3. there could be a similar level of concern for protecting human resources as natural resources
      2. socially responsible business ought to encompass the effect of management practices on employee physical and psychological well-being
3. Benefits and challenges of practicing corporate social responsibility (CSR)
   1. Perspectives Differ on the Importance of Corporate Social Responsibility.
      1. Classical View of CSR
         1. business should focus on the pursuit of profits.
         2. puts the focus on the single bottom line of financial performance
         3. This view fears that its pursuit will reduce
            1. business profits,
            2. raise business costs,
            3. dilute business purpose,
            4. give business too much social power
      2. Socioeconomic View of CSR
         1. is that businesses should focus on contributions to society, not just making profits.
         2. focus on the triple bottom line of not only profits but also social and environmental performance
         3. A virtuous circle exists when CSR leads to improved financial performance that leads to more social responsibility.
         4. This view believe that it will increase
            1. boost long-run profits,
            2. boost long-run profits,
            3. help businesses avoid more government regulation
   2. Shared Value Integrates Corporate Social Responsibility into Mission and Strategy.
      1. businesses should balance the pursuit of profit with genuine contributions to the public good
         1. Shared value approaches business decisions with understanding that economic gains and social progress are interconnected.
         2. The benefit corporation, or B Corp, is legally committed to both creating profits for shareholders and creating value for employees, communities, and the environment as stakeholders.
   3. Social Responsibility Audits Measure the Social Performance of Organizations.
      1. measures and reports on an organization's performance in various areas of corporate social responsibility.
      2. ranges from compliance, acting to avoid adverse consequences, to conviction, acting to create positive impact
         1. Economic Responsibility: Be Profitable
         2. Legal Responsibility: Obey the Law
         3. Legal Responsibility: Obey the Law
         4. Discretionary Responsibility: Contribute to Community
         5. Zone of Compliance
         6. Zone of Conviction