Corporate Social Responsibility

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Approaching the Corporate Responsibility
Discourse

• Arold Zhukri
• 08059241

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• What areas would taxonomy of business
  responsibilities cover?
• Is this a good way of approaching the Corporate
  responsibility discourse?

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What is taxonomy?

• Taxonomy is the practice and science of
  classification
• Taxis meaning order or arrangement
• Nomos meaning law or science

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Approaching the Corporate Responsibility
Discourse

• Corporate responsibility has been an issue
  discussed by many scholars, it has been described
  differently in various articles and several
  definitions of it have been provided but yet we
  do not have a specific one for it

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Taxonomy of the areas of corporate responsibility

• A taxonomy of the business responsibilities of
  corporations means a classification of these
  responsibilities in a technical order underlying
  the most important categories of those
  responsibilities

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• The most important areas that CSR covers are
• Legal Compliance,
• Philanthropy and Community Investment,
• Environmental Management,
• Sustainability,
• Animal Rights,
• Human Rights,
• Corruption and Corporate Governance.

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• Legal Compliance
• The minimum responsibility towards the society
  from a company is to operate according to the
  law.
• Philanthropy and Community Investment
• Philanthropy is not considered to be a legal
  duty, it is one of the most important features of
  corporate responsibility. Market leaders like
  Coca-Cola and Ford donated large amounts of their
  annual profits to community investments such as
  building water pipes and houses for those in
  desperate need for basic life conditions.
• Environmental Management
• Many corporations have recognized the importance
  of environmental management and protection.
• Sustainability
• Sustainability has been defined as the ability to
  sustain a high quality of life for current and
  future generations.

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• Animal Rights
• Animal Rights have been one of the primary
  concerns of corporate responsibility in the 80s,
  some scholars consider animal rights as of the
  same level as human rights
• Human Rights
• The universal declaration of human rights has
  been a very important approach setting out the
  fundamental human rights.

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• Corruption and Corporate Governance.
• Corruption has been defined as the abuse of
  public power for personal gain. Corporations
  always tend to bribe public authorities.
• Corruption always has consequences in the economy
  of a state, which results in low wages, unsafe
  working conditions, child labor and unsafe
  products.

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• Corporate governance has been seen as the way in
  which rights and responsibilities are shared
  between different corporate actors as an
  essential part of corporate responsibility
• Considering the Enron case as an evidence, since
  it was well known for its corporate
  responsibility leadership but despite this Enron
  did not succeed in Corporate governance

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Is this a good way of approaching the Corporate
responsibility discourse?

• Corporate responsibility does not stand still but
  it evolves together with the society
• This taxonomy helps the Corporate responsibility
  discourse in order for us to understand its
  importance and values to our society as a whole.
• We can consider the categories of corporate
  responsibility as a group of issues that show us
  the worlds temporary concerns
• this taxonomy benefits the corporate
  responsibility discourse since it opens our eyes
  to the importance of corporate responsibility and
  its evolution.