CSR Files Week 108

In Association with: CSRFilesTM Weekly ome call it Corporate Social SResponsibility; others deride at the archaic term and prefer to name it Sustainability or even Shared Value. A few dispense with the R altogether and call it Corporate Responsibility;... More

In Association with: CSRFilesTM Weekly ome call it Corporate Social SResponsibility; others deride at the archaic term and prefer to name it Sustainability or even Shared Value. A few dispense with the R altogether and call it Corporate Responsibility; perhaps those still undecided about jumping onto the bandwagon simply call it Social Responsibility. No matter what the label, the fact is we have yet to find a simple explanation of a term that is increasingly becoming a mainstream business practice. This is very surprising for a field that has shot to fame so quickly from a mere triviality to highly recommended prerequisite forthehighriseofanybusiness. In the 21st century, business sustainability needs to be understood in terms of the environment, economic development, human rights, women's empowerment, and rule of law. Smart businesses are incorporating these broader principles of sustainability into their business decisions, and developing practical standards and metrics to help appl Less