Found 13 article(s) for author 'CSR'

Can Capitalism Be Made Better By Corporate Social Responsibility?

Can Capitalism Be Made Better By Corporate Social Responsibility? Nancy Koehn, August 23, 2019, Audio, “This week, nearly 200 CEOs pledged to discard a foundational tenet of business: that corporations exist only to serve their shareholders.  Chief executives from the Business Roundtable — including leaders of Apple, JP Morgan Chase, and Amazon, argued this week that the purpose of a corporation is to promote “an economy that serves all Americans.” Nancy Koehn, historian at Harvard Business School, said this declaration is a direct response to the public’s growing voice in holding corporations accountable.Link

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Health as a Way of Doing Business

Health as a Way of Doing Business. Amy Edmondson, December 6, 2018, Paper, “For too long, the worlds of business and health have been mired in a checkered, sometimes contentious, history. Millions of deaths worldwide can be attributed to risk factors including tobacco use, alcohol and drug misuse, and suboptimal dietary intake linked to commercial products. Media (including social media) coverage about the safety and cost of many consumer goods, both medical (drugs, devices) and nonmedical, reflect profound public concerns. Longstanding societal scrutiny about the role of business in environmental pollution has only increased in the era of global warming.Link

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Uber Prepares to Go Public, and China’s Social Credit System

Uber Prepares to Go Public, and China’s Social Credit System. Youngme Moon, Mihir Desai, Felix Oberholzer-Gee, November 14, 2018, Audio, “Youngme Moon, Mihir Desai, and Felix Oberholzer-Gee discuss how much Uber is worth as it prepares to go public, before debating China’s controversial Social Credit system. They also share their After Hours picks for the week.Link

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The social purpose of corporations

The social purpose of corporations. Nien-he Hsieh, November 13, 2018, Paper, “To think about the purpose of corporations is to think about what corporations are for. In the article, argue that the concept of a purpose has an important role in thinking about the moral evaluation of corporations. We make three contributions. First, we distinguish different uses of the concepts of social and corporate purpose. Social purpose concerns the contribution that the corporation makes to realising societal goals. Corporate purpose concerns the goals the corporation should actively pursue. Second, we investigate whether corporations ought to serve a social purpose and whether corporations ought to actively pursue their corporate purpose. Third, we explore critically what roles the concepts of social and corporate purpose can fulfil in moral reflection on and of corporations. In particular, we distinguish the constructive, the communicative, and the critical role of social and corporate purpose.Link

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Revisiting the uneasy case for corporate taxation in an uneasy world

Revisiting the uneasy case for corporate taxation in an uneasy world. Mihir Desai, October 31, 2018, Paper, “Just as the public increasingly wants corporate taxation to serve as a mechanism for ensuring that business contributes to society, the sustainability of corporate taxation is increasingly under challenge by a changing global landscape. This tension between the heightened demands placed on the corporate tax system and its reduced capacity prompts the question: How can an increasingly tenuous fiscal instrument be modified to accommodate rising expectations? In this paper, we address this question by reviewing the empirical evidence on, and conceptual underpinnings of, the corporate tax. We place the taxation of corporations in a wider context that links it to ongoing debates on corporate law and governance and on corporate social responsibility.Link

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Political, Social, and Environmental Shareholder Resolutions:

Political, Social, and Environmental Shareholder Resolutions. Joseph Kalt, June 2018, Paper, “The increased use of politically-charged shareholder resolutions has garnered considerable attention in recent years, as shareholder meetings have become venues for discussion and debate regarding corporate positions and actions on issues of the day. Recent proxy seasons have seen corporate management being asked to address issues as diverse as deforestation, corporate clean energy goals, climate change, the uses of antibiotics and pesticides, political contributions, human rights risks through the supply chain, indigenous rights and human trafficking, cybersecurity, the development and reporting of sustainability metrics, and tax fairness.Link

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CSR Needs CPR: Corporate Sustainability and Politics

CSR Needs CPR: Corporate Sustainability and Politics. Michael Toffel, June 6, 2018, Paper, “Corporate sustainability has gone mainstream, and many companies have taken meaningful steps to improve their own environmental performance. But while corporate political actions such as lobbying can have a greater impact on environmental quality, they are ignored in most current sustainability metrics. It is time for these metrics to be expanded to critically assess firms based on the sustainability impacts of their public policy positions. To enable such assessments, firms must become as transparent about their corporate political responsibility (CPR) as their corporate social responsibility (CSR). For their part, rating systems must demand such information from firms and include evaluations of corporate political activity in their assessments of corporate environmental responsibility.Link

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The Right Way for Companies to Publicize Their Social Responsibility Efforts

The Right Way for Companies to Publicize Their Social Responsibility Efforts. Michael Kremer, April 2, 2018, Opinion, ““Why don’t we get credit for all the good things we do?” the CEO of a major global corporation asked me recently. After all, the company has innovative and impactful programs to ensure safe working conditions; training programs to help low-wage workers in its supply chain increase their earnings; numerous environmental initiatives to reduce its use of water, energy, and raw materials; diversity and volunteering programs for employees; and a foundation that makes generous contributions both locally and globally. Yet no one seems to notice.Link

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More and More CEOs Are Taking Their Social Responsibility Seriously.

More and More CEOs Are Taking Their Social Responsibility Seriously. Rebecca Henderson, February 12, 2018, Opinion, “Jana Partners, the activist hedge fund, isn’t known as a tree-hugging hippie sort of firm. Yet, last month it joined with the California State Teachers’ Retirement System to send a letter to Apple’s board warning about the effects of the company’s devices on children. The same month, Blackrock CEO Larry Fink sent a letter telling companies that his firm would consider social responsibility when making investments. And Mark Zuckerberg told investors that Facebook would be making changes to its platform that would help users in the long-term, even though, he warned, in the short-term the result would be users spending less time on it.Link

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Inclusive Growth: Profitable Strategies for Tackling Poverty and Inequality

Inclusive Growth: Profitable Strategies for Tackling Poverty and Inequality. Robert Kaplan, George Serafeim, January 2018, Paper, “More than a billion people in the developing world remain in extreme poverty and outside the formal economy. Traditional CSR programs have done little to alleviate the situation and rarely produce transformative change. Instead of trying to fix local problems, the authors argue, corporations need to reimagine the regional ecosystems in which they participate. They should search for systemic, multisector opportunities; mobilize complementary partners; and obtain seed and scale-up financing from organizations with a mission to alleviate poverty.Link

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