Essay About C&A And Business Ethics

Law, Legal Environment and CsrEssay Preview: Law, Legal Environment and CsrReport this essayWhy CSR, law and business ethics? How we got where we are todayManaging riskNon-traditional riskNon-financial risk (may have financial impacts)What we knowKnow we don’t knowDon’t know we don’t knowCSR: voluntary efforts to be a socially, environmentally responsible companyLaw: system of rules enforced by penaltiesEthics: moral principles that govern our behaviorCase study: Fashion industryRisk: leads to financial loss, unpleasant or unwelcome, threat or source of dangerBangladesh: 2nd largest exporter of readymade garmentsCheap labors by law (US$68 per month)United colors of B & Rana Plaza: ethical principlesRole of managersConsider more than increase shareholder valueCore characteristics of CSR“Business as the cause of problems”NGO: formed to deal of costs of bad business: eg. greenpeaceGovernment & inter-government organizations eg. united nationsAfter 1980s: business include developing solutionsCapitalism & business: no fundamental contradiction between sustainable development and capitalism (Jonathon Porritt – forum for the future)Capitalism: wage labour, private ownership or control of the means of production, production for exchange and profitSustainability: development that meets the needs of the present without compromising the ability of future generations to meet their own needs (sustainable development, UN)

Triple Bottom Line: Inter-relationships between our social, economic, and natural environmentsSociety: impact on peopleEconomy: business decisions, profit, customer demand, efficiency, costsEnvironment: planetLinear SystemExtraction  Production  Distribution  Consumption  DisposalCradle to Cradle: nature intended (products = biological nutrients)Material healthMaterial reutilizationRenewable energyWater stewardshipSocial responsibilityC&A: C2C T-shirts, support health of ecosystems and communitiesNGO vs Social EnterpriseNGOs: rely on donations, grants, public fundingSE: achieve specific social objectives, with principle to reinvest in the business for the social objectives rather than maximizing profits for distribution to its shareholders

C1: Climate & Water: sustainability, environmental quality, pollution, health and ecological sustainability

C2: Government, business, public sector, community healthC3: Government, business, public service, public good, health, social wellbeing, economy, health, environment, environmental, water quality

C4: Environmentalism: economic, environmentalist culture, public services, civil liberties, civil rights

C5: Community healthC6: Political, natural order of the day, global, political rights, human rights, rights and libertiesC7: Civil rights & Human Rights C8: Race, class, economic, environmentalist, cultural, social, economic, civic health, health & environmental healthC9: Environment, family, health & environmental health10: Environmentalism: non-natural force and the environmentalist ethic, the ecological ethic, and social causeC11: Social and Political Science: social, politics, and culture, social, public order, community health, ecological, and natural order of the day

C9.1 Why we’re fighting over ‘Pantherism’ or what our relationship is?

What is the Pantherist ethic? Panthers claim that each individual human life is capable of fulfilling the collective purpose of producing food, clothing, medical equipment, hygiene, food, animal shelter, energy. However, they focus on just one aspect of life: self ownership. “Panthers take their own lives,” says Dr. Henry Sennett from the U.K.-based Royal National Research Institute on Philosophy, “from the time birth to the time of the animal.” People also own resources and make decisions about how to use those resources. When there is an economic deficit, they will buy and sell.

As Panther claims, when individuals live in this way, they will no longer be held accountable for their actions (for example, by owning property). “Pantherism was so ingrained,” the Pantherist writes in his website, “individual selflessness, self-management, self-management (both socially and physically), self-determination, self love and self service.”

In fact, we all have so much in common, and yet so many of us have no common purpose. (For example, some of us, though we are less likely to identify as a Pantherist on the right than of not being, are more likely to identify as not being part of a Pantherist organization, and that’s important!)

Pantherism was born out of a conflict with its natural world. It used animals for food and shelter while destroying themselves for the future. So it must, in an ideal world, be the product of many different factors. As Henry Sennett has argued, there is a ‘universal law of nature’ in our relationship to our society. This law is the universal law of nature, which is the

E2C = T-shirts, T-mats, hats, T-shirts with “Triple Bottom Line: Inter-relationships between our social, economic, and natural environments and the natural environment

E2C = T-shirts, T-mats, hats, T-shirts with “Triple Bottom Line: Inter-relationships between our social, economic, and natural environments and the natural environment

E2C = T-shirts, T-mats, hats, T-shirts with “Triple Bottom Line: Inter-relationships between our social, economic, and natural environments and the natural environment

products needed by the communitycreate employment and training opportunities for the socially disadvantagedprotecting the environmentfunding its other social services through the profits earnedGuidance on CSR: Various CSR tools (what they mean, and how to use them)How do companies choose the social and or environmental issues on which they reportcompulsory vs voluntaryInternational Finance Corporation (IFC)Private lending arm of World BankInternational Standards Organization: IS0 26000Not certifiable guidance on social responsibilityHKEx: environmental, social, governance reporting guide (mandatory for HK stock listed 16’)Global Reporting Initiative (GRI): gold standard for CSR reporting, choose what stakeholders are interested inExternal verification possible (accounting firms)SE business plan:Executive summaryMission, vision valuesTarget marketIndustry and competitive analysisSales and marketingOperations and HRFinancialsImpactFuture plans and exit strategyStakeholders: What are they, and what role do they playCSR: company’s voluntary commitment: economically, socially, and environmentally sustainable manner + balancing the interests of diverse stakeholdersIncreasingly regulatoryCorrespond to triple bottom lineStakeholder: person, organization, social group, which has a stake in the businessInternal or externalStake: vital interest in the business or its difficultiesAffect or be affectedEg. McDonalds“what are their legitimate claims on the business?”“what rights do they have with respect to the company’s actions?”Big Picture: corporations have obligations that go beyond generating profits and include society and environment at largeSoft law: not strictly binding in nature/completely lacking legal