Wealth Creation Approach to Corporate Social Responsibility, Sustainability, and Human Rights

2020 ◽  
pp. 219-243
Author(s):  
Scott Hipsher
Keyword(s):  
Human Rights ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Wealth Creation ◽  
Corporate Social

scholarly journals YOUTH UNEMPLOYMENT: WHAT ROLE CAN CORPORATE SOCIAL RESPONSIBILITY (CSR) PLAY IN CURBING THIS SOCIAL ILL IN SWAZILAND (ESWATINI) AND SOUTH AFRICA?

2018 ◽  
Author(s):  
Simangele D. Mavundla
Keyword(s):  
South Africa ◽  
Human Rights ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
International Law ◽  
Youth Unemployment ◽  
Youth Employment ◽  
African Youth ◽  
Corporate Social

This profound academic opinion advocates for youth employment by clearly arguing that even though the African Youth Charter (AYC) is not binding on states in as much as on corporates/businesses, at international law these same corporates/businesses have a role to play in ensuring that youth unemployment is curbed through invoking Corporate Social Responsibility (CSR). It will be argued that CSR is no longer only associated with philanthropy, but it is now part and parcel of promoting and protecting human rights in communities where businesses operate, such that they cannot turn a blind eye to social ills such as youth unemployment.

scholarly journals Ground-Breaking? An Empirical Assessment of the Draft Business and Human Rights Treaty

AJIL Unbound ◽  
2020 ◽  
Vol 114 ◽  
pp. 179-185 ◽  
Author(s):  
Tori Loven Kirkebø ◽  
Malcolm Langford
Keyword(s):  
Human Rights ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Empirical Assessment ◽  
Business And Human Rights ◽  
Human Rights Council ◽  
Corporate Social ◽  
Empirical Methodology

In this essay, we examine empirically whether the revised draft of the business and human rights (BHR) treaty is a normative advance on the existing jungle of global instruments. Since the 1970s, almost one hundred global corporate social responsibility (CSR) standards have been adopted, half of them addressing human rights. See Figure 1 from our global CSR database, below. What is novel about the current treaty-drafting process within the UN Human Rights Council (HRC) is that it aims to develop a comprehensive standard that would hold states legally accountable for regulating business. The question is whether this is possible. Drawing on our work on the “commitment curve,” we begin theoretically and point out why one should hold modest expectations about the process and treat strong text with skepticism as much as celebration. Using an empirical methodology, we then compare the HRC's Revised Draft Legally Binding Instrument (Revised Draft LBI) with existing standards, and find that while the draft contains a healthy dose of incremental pragmatism, its significant advances require a degree of circumspection about its strengths and prospects.

Exploring Australian financial leaders' views of corporate social responsibility

2010 ◽  
Vol 16 (1) ◽  
pp. 48-65 ◽  
Author(s):  
Margaret Lindorff ◽  
James Peck
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Employee Engagement ◽  
Corporate Sustainability ◽  
Business Case ◽  
Wealth Creation ◽  
Primary Responsibility ◽  
Stakeholder View ◽  
And Performance ◽  
Corporate Social

AbstractThis paper reports an exploratory and qualitative study of the corporate social responsibility (CSR) beliefs of leaders of large Australian financial institutions. The findings are presented in four sections. The first discusses whether leaders have a mental model of the firm that is most closely aligned with the traditional shareholder or the stakeholder view of the firm. It then examines how they frame the organization's responsibilities, particularly as they relate to balancing the needs of shareholders and other stakeholders. The third section identifies how they view CSR and the fulfilment of potential economic, legal, ethical and philanthropic responsibilities of organizations. The final section examines the driving factors that lead to their promotion of corporate social responsibility. We find that although many leaders support the wealth creation model's central premise that the organization's primary responsibility is to maximise its value in order to meet its fiduciary obligations to its shareholders, they also believe that CSR activities benefit the organization financially and in building corporate sustainability, employee engagement and performance, and social capital. CSR activities are also believed to increase the legitimacy of the organization, although philanthropy is not supported unless there is a business case. This has implications for those seeking support from organizations for community causes. We also find the view of employees as primary stakeholders is strong and widespread; an implication of this is that employee influence is a strong lever for positive change towards CSR behaviour in a firm.

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