Navigating the Turbulent Waters Connecting the World Trade Organization and Corporate Social Responsibility

This chapter addresses conceptual relationships between corporate social responsibility (CSR) and a set of related phenomena typically labeled as economic nationalism, economic patriotism, economic protectionism, populism, and antiglobalization. The research question addressed is whether this set of related phenomena redefines or at least affects CSR in significant ways that practitioners and scholars should include in the conception of CSR and, if so, how theoretically. Such investigation is affected by two essential circumstances. First, CSR remains a topic of continuing theoretical controversy: specific “responsibility” of any business anywhere is not a resolved matter. Second, economic nationalism and related phenomena—which appear to be rising in importance—are opposed to the economic, political, and social globalization effects following the 1995 founding of the World Trade Organization (WTO). The chapter seeks to refine CSR for varying conditions as shaped by economic nationalism, economic patriotism, economic protectionism, populism, and antiglobalization.

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Interrogating the multilateral trading system and paradigms of corporate social responsibility: Implications for Nigeria

Journal of Sustainable Development Law and Policy (The) ◽

10.4314/jsdlp.v11i1.4 ◽

2020 ◽

Vol 11 (1) ◽

pp. 56-85

Author(s):

Laura Ani

Keyword(s):

Sustainable Development ◽

Corporate Social Responsibility ◽

International Trade ◽

Social Responsibility ◽

World Trade Organization ◽

World Trade ◽

Market Access ◽

Business Policy ◽

Ethical Practices ◽

Corporate Social

Corporate social responsibility (CSR) norms are a strategic business policy that now forms the cornerstone of how international trade is governed globally. Although initially a voluntary initiative, its relevance in promoting social, environmental, and ethical responsibilities among global investors has arguably been conceived as trade distorting and violating the tenets of the World Trade Organization (WTO). Nonetheless, CSR is now mainstream in all related global transactions. This article seeks to evaluate the impacts of global CSR on international trade and examine the extent of Nigeria’s participation in global CSR. The article argues that Nigeria should go beyond considerations of trade that focuses mainly on liberal market access and expand the practice to include environmental, social, and ethical practices. It concludes that adherence to international CSR will propel developing countries to meet the UN Sustainable Development Goals. Keywords: Corporate Social Responsibility, World Trade Organization, Sustainable Development.

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Analysis of social responsibility of mining companies in the international market

E3S Web of Conferences ◽

10.1051/e3sconf/202130301003 ◽

2021 ◽

Vol 303 ◽

pp. 01003

Author(s):

Olena Kozyrieva ◽

Nataliia Tkalenko ◽

Valentina Vyhovska ◽

Alina Pinchuk

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Corporate Sustainability ◽

International Market ◽

World Market ◽

The World ◽

Governance Practice ◽

Corporate Governance Practice ◽

Corporate Social

The article proves that the implementation of the principles and use of the tools of corporate social responsibility can increase the reputation of the corporation and its activity in the world market. The purpose of the article is to substantiate and determine the role of corporate social responsibility of the mining and metals companies in ensuring and improving their reputation in the world market. The article substantiates that the low level of corporate governance practice and insufficient part of social contribution to the companies negatively affect formation of corporate social responsibility of the corporations. The article analyzes the indicators of Corporate sustainability and Transparency for 2018-2019 according to the professional rating of the largest Ukrainian mining and metals companies, based on leading international practices. The analysis of indicators made it possible to identify the proportional dependence of the reputation of the corporation on the measures of corporate social responsibility that the latter implements. It is determined on the basis of the study that corporate social responsibility is an effective tool to increase the competitiveness of mining and metals companies.

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The Environmental Aspect in the Concept of Corporate Social Responsibility in the Energy Industry and Sustainable Development of the Economy

Energies ◽

10.3390/en14185993 ◽

2021 ◽

Vol 14 (18) ◽

pp. 5993

Author(s):

Katarzyna Huk ◽

Mateusz Kurowski

Keyword(s):

Sustainable Development ◽

Corporate Social Responsibility ◽

Social Responsibility ◽

Negative Impact ◽

Iso 14001 ◽

Energy Industry ◽

Environmental Aspect ◽

The World ◽

Corporate Social ◽

The Impact

Sustainable development is now an important direction for the further development of all economies in the world. It is important to balance economic development with the impact on the environment and our planet. Another direction in the development of management sciences is the emergence of the concept of Corporate Social Responsibility, which considers this impact in three key aspects—economic, environmental and social—in terms of microeconomics. This concept gives companies specific guidelines and tools that minimize their negative impact on the environment. Reducing the negative impact of companies influences the environment and this is what is mainly associated with them. However, companies should also pay attention to internal consistency and caring for employees. Company practices such as the exploitation of people, including children, and injustice in the workplace are some of the factors that can be observed in less developed countries. The article focuses on the presentation of the environmental aspect in the context of the concept of corporate social responsibility. We analyzed individual sectors of the economy in terms of the environmental aspect, with particular emphasis on the energy industry. The study is based on a statistical analysis taking into account data from 1718 companies from all over the world. The aim of the article is to present the environmental aspect in the context of corporate social responsibility in the energy industry as a direction for sustainable development of the economy. The article is based on the analysis of the literature and databases presenting CSR, which was created on the basis of questionnaire research. The article shows which regions of the world are worse and which are better in terms of the environmental aspects of CSR. Conclusions on the main CSR guidelines for the environment are also presented. We analyzed factors such as environmental routines, policies and targets, implementation of environmental management systems, ISO 14001/EMAS certification, environmental reporting, environmental requirements inside the supply chain, the trend of GHG emissions and the trend of energy consumption for their environmental impact. The analysis was carried out on the basis of given regions of the world and individual sectors of the economy, especially the energy industry.

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CSR and Greenwashing in Finland

Advances in Finance, Accounting, and Economics - CSR and Management Accounting Challenges in a Time of Global Crises ◽

10.4018/978-1-7998-8069-1.ch005 ◽

2021 ◽

pp. 88-102

Author(s):

Rauno Rusko

Keyword(s):

Corporate Social Responsibility ◽

Public Opinion ◽

Social Responsibility ◽

Environmental Protection ◽

Greenhouse Effect ◽

Textual Analysis ◽

Environmental Values ◽

General Tendency ◽

The World ◽

Corporate Social

Due to the general tendency to express environmental protection, environmentalism, and the actions to slow down the greenhouse effect in the world, the enterprises have noticed the importance of environmental values in their public announcements, documents, and homepages. In other words, corporate social responsibility (CSR) is a very important and topical theme of the firms. The popularity of environmentalism tempts the firms to follow the direction of public opinion even though the actual environmental activities might be minor or even absent. This kind of quasi-environmentalism is called as greenwashing. This chapter focuses on greenwashing and CSR in the Finnish context via public discussions about greenwashing. This chapter is emphasizing the understandings and the sense-makings in the concepts of greenwashing and CSR and their numerous connotations basing on the results of the textual analysis. The outcomes are completed and compared with the international contexts, and, therefore, they are also internationally robust.

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In Search of the Good Dam

Advances in Business Strategy and Competitive Advantage - Empowering Organizations through Corporate Social Responsibility ◽

10.4018/978-1-4666-7294-9.ch015 ◽

2015 ◽

pp. 288-306

Author(s):

Terry Clayton ◽

Nicole West

Keyword(s):

Corporate Social Responsibility ◽

Social Responsibility ◽

Mekong River ◽

Benefit Sharing ◽

Hydropower Development ◽

Mekong River Basin ◽

Governmental Organizations ◽

Non Governmental Organizations ◽

The World ◽

Corporate Social

There are few places in the world where hydropower development is progressing as intensely as the Mekong River Basin in Southeast Asia. In searching for ways of supporting public dialog on development, the Challenge Program on Water and Food found that the hydropower sector speaks of social responsibility only in terms of “benefit sharing,” while the development sector and Non-Governmental Organizations (NGOs) largely ignore or are unaware of Corporate Social Responsibility (CSR). The chapter begins with an overview of hydropower development in the Mekong, considers some possible reasons for the absence of CSR in the ongoing debate over hydropower development, and concludes with recommendations for designing a project to build on the findings from this research.

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Corporate Social Responsibility in Malaysia

International Journal of Financial Research ◽

10.5430/ijfr.v10n5p381 ◽

2019 ◽

Vol 10 (5) ◽

pp. 381 ◽

Cited By ~ 1

Author(s):

Sheikh Muhamad Hizam ◽

Zulkarnian Iylia Syazana binti Othman ◽

Mohammad Mohammad Amin ◽

Zalina Zainudin ◽

Mohd Faiq Abdul Fattah

Keyword(s):

Corporate Social Responsibility ◽

Quality Management ◽

Social Responsibility ◽

Management Practices ◽

Social Dimension ◽

Global Management ◽

Corporate World ◽

The World ◽

The Status ◽

Corporate Social

The field of corporate social responsibility (CSR) has developed exponentially in the last decade and is consistently getting to be a worldwide slant. Corporate social responsibility (CSR) has become a worldwide matter around the world that comes about an expanding number of studies on CSR universally as well as in Malaysia. Furthermore, the importance of CSR practices was emphasized by companies in order to ensure its sustainability in corporate world which are focused on (a) environment, (b) social dimension sustainability, (c) economic advancement, (d) stakeholder behaviour and (e) ethical evolution of society. In this manner, this paper gives a concept of CSR writing that has been conducted in Malaysia to assess the execution of CSR among organizations in Malaysia. It is presently anticipated that organizations expressly take into consideration all perspectives of their execution, not as it were their money related comes about, but moreover their social and commerce environment. Subsequently, most of organizations are presently locked in genuine endeavours to characterize and coordinated CSR into all perspectives of their businesses and exhibitions. The point of our think about is to get it this slant in Malaysia and particularly to explore (i) the status of CSR in Malaysia; (ii) different CSR practices in Malaysia; and (iii) future dissemination of CSR in Malaysia. Finally, over the last few decades, Malaysia has been gradually improving its alignment with global management practices such as quality management and ISO 9002.

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