Corporate social responsibility at bank of america highlights. The volunteer activities included setting up mini libraries in five orphanages across malaysia, purchasing food items to prepare meals at the kechara soup kitchen, and distributing them to the homeless and needy in the klang valley. Wirtschaftswissenschaftliche schriften, jahrgang 2012, heft 1. In comparison, the benefit corporation bc is a new legal business entity that is obligated to pursue public benefit in addition to the responsibility to return profits to shareholders. Your story matters citation cheng, beiting, ioannis ioannou, and george serafeim. As it says in our commitment to corporate social responsibility, we believe that being responsive to all our stakeholders makes us stronger. Corporate social responsibility at bank of america. Business strategy and corporate social responsibility. Recent research on the corporate social responsibility csr corporate financial performance cfp relationship proposes a variety of contextual and organizational factors to. Corporate social responsibility and institutional theory. Ihk broschure corporate social responsibility ihk nurnberg fur. They offer a multilevel and multidisciplinary theoretical. Corporate social responsibility and access to finance the harvard community has made this article openly available. The 2012 citgo corporate social responsibility csr report is our second annual report developed in an effort to provide details about our corporate social responsibility and safety and environmental performance.
In this article, we examine the empirical association between corporate governance cg and corporate social responsibility csr engagement by investigating their causal effects. The causal effect of corporate governance on corporate. This report highlights the work citgo completed in 2012 to advance our corporate social responsibility efforts. Pdf what is corporate social responsibility all about. Corporate social responsibility and access to finance.
Toyota industries report 2012 2 0 12 corporate social responsibility corporate philosophy toyoda precepts, basic philosophy and csr policy corporate governance relationship with our customers relationship with our associates relationship with our business partners relationship with our shareholders and investors relationship with our local. Corporate social responsibility is an integral part of our companys culture. Narayan and others published corporate social responsibility. For example, we deal with our waste in a responsible and sustainable way and we invest in the training of our personnel. Round 6 2012 corporate social responsibility report. Jamie dimon, chairman and chief executive officer j. Scotiabank s philosophy is to integrate corporate social responsibility csr into all daytoday business activities. Csr implementation guide for canadian business innovation.
The airport has a substantial direct impact on the local economy by supporting more than 9,000 jobs and generating around. We focus our environmental, social and governance efforts where we can have the most positive impact on our. Sanchita malakar received a solar panel to reduce energy costs with the help of a chevronsponsored livelihood. For the restated 2011 values please see the groundsupport equipment section. Our corporate responsibility report covers the period 1 january31 december 2012 and details the targets we set ourselves and our performance against these targets.
As a consequence, we have updated our governance model. The evolution and revolution of corporate social responsibility by wayne visser in. Indeed, the blame is sometimes placed on the corporate legal form, which can exacerbate the tension between duties to shareholders and interests of stakeholders. Business leaders and employees with responsibility for csr, including senior. As a result, csr has become one of the most important business. Julie rothbardt, department of political economy and commerce, monmouth college defining csr corporate social responsibility csr has been defined by interest groups, organizations, and academicians in several different ways. This report gives some examples of how we continue to support our customers and communities. This has been a period of opportunity and growth for expro, as we have strengthened our business and seen strong client demand for our products and services. Recent research on the corporate social responsibility csrcorporate financial performance cfp relationship proposes a variety of contextual and organizational factors to create a more robust link.
Bauman and others published corporate social responsibility as a source of employee satisfaction. Geschaeftsmodellsocial business in deutschland 2030. Corporate social responsibility at penske automotive group, inc. We argue that a new perspective based on a qualified account of supererogation.
We propose that firm profits are shaped by how firms engage in corporate social responsibility. Within this report, we share our approach, objectives, and performance on our core csr pillars. Environmental, social and health impact assessment, which is used before we begin and throughout the life cycle of our major. The steady rise in chronic diseases like type 2 diabetes and cancer is one of the greatest health challenges of the future. The pioneer group publishes the csr report which we summarized csr activities of the whole group. This encyclopedia entry provides an overview of the topics of corporate social responsibility csr and corporate social performance csp. The 2011 emissions from vehicles amount included in the previous report was restated due to a change in the scope of the information included in this indicator.
Corporate social responsibility in malaysia, more than 170 employees participated in programmes in 2012. Our vision is for our technology to change the way people live, work, play, and learn. At the same time, stakeholders expectations have changed regarding csr guillerme, 2012. Implementing corporate social responsibility 18 task 1. Canadas corporate social responsibility csr mcgill university. We measure success not only in terms of financial criteria but also in building customer satisfaction and employee engagement, maintaining strong governance practices and supporting the communities we serve. Westjet released its previous corporate social responsibility report on december 20, 2012. Jan 14, 2016 corporate social responsibility, 2012 1.
Why environmental externalities matter to institutional investors pdf document. Here are the companies with the best corporate social responsibility csr reputations, based on a study by reputation institute, a private global consulting firm based in. Being a responsible business is integral to our success, and that of the customers, clients, shareholders and communities we serve around the world. This is santander uk plcs th annual corporate social responsibility csr report. Corporate social responsibility report 2012 introduction to the report the credit andorra group has been publishing its corporate social responsibility report since 2003, with the aim of reporting on the groups economic, environmental and social progress as part of our commitment to transparency. The initiative was designed and coordinated by africapractice, an international consultancy firm.
In 2010 and 2012, bank m in collaboration with the east african business council eabc introduced and sponsored the east african csr awards to recognize companies excelling in various aspects of corporate social responsibility. Our main performance metric is tobins q, which is the market value of the. The impact of corporate social responsibility on firm value. Mandatory report on corporate social responsibility according to danish financial statements act, art. The companies with the best csr reputations forbes. Dear reader as the worlds largest hearing care company, with industryleading business brands, we at sonova have a deep. Pdf corporate social responsibility as a source of employee. Ausgewahlte aspekte zur corporate social responsibility bei. Recent research on the corporate social responsibility csr corporate financial performance cfp relationship proposes a variety of contextual and organizational factors to create a more robust link. Corporate social responsibility csr has been debated and practiced in one form or another for more than 4,000 years. We do good things with flavor, which is about much more than just doing the right thing. Employing a large and extensive us sample, we first find that while the lag of csr does not affect cg variables, the lag of cg variables positively affects firms csr engagement, after controlling. The benefit corporation and corporate social responsibility.
G corporate social responsibility report 2012 our approach for royal mail, in addition to express courier companies dhl, tnt and ups. Does corporate social responsibility really contribute to reputation. Corporate social responsibility verantwortungsvolle. Corporate social responsibility is a process that is concerned with treating the stakeholders. An implementation guide for canadian business corporate social. In this report, you can read how we put our policies into practice.
Network for business sustainability sme primer pdf document. Welcome to cisco s eighth corporate social responsibility csr report. How to manage a csr strategy successfully edited by manfred pohl and nick tolhurst wiley, 2010 the rise and fall of csr corporate social responsibility csr has been debated and practiced in one form or another for more than 4,000 years. Corporate social responsibility, often abbreviated csr, is a corporations initiatives to assess and take responsibility for the companys effects on environmental and social wellbeing. I am pleased to introduce expros corporate and social responsibility report for the period covering a pril, 2011, to march, 2012. Corporate social responsibility complete report 2012. These prostakeholder actions provide unexpected superior and innovative benefits to consumers, employees, and other stakeholders including the natural environment. Corporate social responsibility csr is a type of international private business selfregulation. Hrms role in corporate social and environmental sustainability for more information, contact the shrm foundation at 703 5356020. Corporate social responsibility report introduction1 the modern company should be able to combine its corporate responsibilities create value and employment, generate profits and be efficient with sustainable growth and human development, adherence to ethical principles, contribution to social welfare and. Jeff flood, general manager social responsibility, nexen. The impact of corporate social responsibility on firm value 1046 management science 595, pp. In 2012, we took a number of steps to strengthen our efforts within csr and further integrate the area into our global business strategy. Aug 21, 2018 this study examines the relation between a firms business strategy and its corporate social responsibility csr performance.
Corporate social responsibility csr has become a pervasive topic in the business literature, but. Pdf modern companies are increasingly becoming involved in society and show a growing interest in corporate social responsibility. In 2012 the rise in consumer activism and mobility, the occupy movement, 24hour. Empowering the world in 2012 6 public responsibility 8 economic and corporate responsibility 16 employee responsibility 26 environmental responsibility 38 documents posted at include the companys mission statement, safety vision and policies that support the companys goals of social responsibility and.
An overview and new research directions the idea of corporate social responsibility csr that is, businesses bearing a responsibility to society and a broader set of stakeholders beyond its shareholdersgained currency in the 1960s. We propose that corporate social responsibility csr is a key driver of corporate reputation given its potential to foster hard. It covers activities relating to santander uks operations in the uk for the period january to december 2012 and takes into account developments at the beginning of 20 where they have a bearing on the content of the report. Pdf in this introductory paper to a new journal, i set the stage with a. Pdf corporate social responsibility csr and corporate. Ronald van zetten ceo of hema 2 3 3 4 7 14 21 24 30 32 foreword real social responsibility making our.
In this report, we discuss our corporate responsibility performance during 2012, and the actions we are taking to achieve our vision and strategic objectives to care for our people, care for the planet, and inspire the next generation. Aktuelles deutschsprachiges standardwerk zum thema corporate social responsibility mit stateoftheart managementwissen. In 2012, moodys moved forward on all three aspects of corporate social responsibility people, planet and profit. More and more, companies are building longterm commitments to corporate social responsibility csr. About the enbridge 2012 corporate social responsibility report enbridges 2012 csr report was prepared using the global reporting initiative gri g3. And because moss adams is an accounting and consulting firm, our work has always involved providing clients with comprehensive tax and business solutions as well. They offer a multilevel and multidisciplinary theoretical framework that synthesizes and integrates the literature at the institutional, organizational, and individual levels of analysis. Using a comprehensive measure of business strategy based on the miles and snow organizational strategy, structure, and process, mcgrawhill, new york, 1978, organizational strategy, structure, and process, stanford university press, stanford 2003 theoretical. Starting then, our corporate responsibility reports reflect data from the previous fiscal year. Corporate social responsibility at bank of america 2012.
This document is available at corporate social responsibility. Corporate social responsibility at bank of america 2012 csr. Corporate social responsibility past indian scenario in the year 2012. This article uses the swedish example to illustrate how corporate social responsibility csr is understood and interpreted when it enters a welfare state context where social issues have. Sustainability and corporate responsibility are at the core of americans business strategy. Role in corporate social and environmental sustainability. We have produced the corporate responsibility report crr annually since 2007 to provide our stakeholders with an overview of the companys environmental, social and governance priorities and performance. Practice, theory, and challenges find, read and cite all the research you need on researchgate. Canadas current corporate social responsibility csr policy strongly. How corporate social responsibility engagement strategy. Documents about qualcomms corporate responsibility policies, including the code of conduct and sustainability report.
Pdf corporate social responsibility in european context. Governance and ethics, supply chain, our people, society, and environment. Corporate social responsibility 2012 report new eyes for industry tamron csr report 2012 0b. Corporate social responsibility csr is embedded in our values and informs how we. We were also, for the second year running, a partner of the international forum for corporate social responsibility pioneers in africa. In 2012, the group continued to pursue its balanced growth strategy and achieved sustainable growth and development amid a still tough operating environment.
As well as a tool for communicating our performance to you, our stakeholders, we use the report internally to benchmark our performance against other airports and to look for ways to. Mar 27, 2011 we use the technique of panel data in a sample of 320 american listed companies from 2003 to 2007 to estimate a model of corporate reputation, measured by the fortune index. An overview of corporate social responsibility 4 what is the business case for csr. As part of the groups core values, we believe that fulfilling our corporate social responsibility supports the sustainability of our business, maintains our social license to operate and. Thematic issue on corporate social responsibility corporate social responsibility. They offer a multilevel and multidisciplinary theoretical fram. The area defined by advocates of csr increasingly covers a wide range of issues such as plant closures, employee relations, human rights, corporate ethics, community relations and the. It means operating responsibly, minimizing our environmental impact and having a positive influence on society. Newsroom corporate responsibility american airlines group. Dec 10, 2012 here are the companies with the best corporate social responsibility csr reputations, based on a study by reputation institute, a private global consulting firm based in new york.