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Jan Ruecker James Choi Sakshi Sachdev Shan Moin Jarrett Robbins Anh Dang
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A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis. (European Commission, 2001)
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Image & Reputation Employee motivation, retention & recruiting Cost Saving Revenue Increases Risk Reduction Competitive Advantage Weber, M (2008)
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Enhance Reputation in the EU market and understand EU market Establish EU Distribution Channels Improve Administrative Efficiency Technological Advancement Maintain Efficiency in Rescue/Military sector Environmental Responsibility Responsibility with Stakeholders
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Environmental Responsibility: Reduce waste/Recycling Reduce Emissions Eliminate toxic materials Responsibility with Stakeholders: Customer selection Finance Working Environment Donation/Charity
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Objectives Practices 12345 Reduce waste / Recycling ✔✔✔✔ Reduce emissions ✔✔✔ Toxic materials ✔ Customer selection ✔ Supplier selection ✔ Finance ✔ Working environment (health & safety) ✔✔ Donation / charitye.g. donate rescue boats
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Reduction in Wastage, Emissions & Toxic material- Reduced Cost of Production An improved enterprise image and reputation Increased sales and better brand loyalty from the consumer Working environment ( Health& Safety) & Finance An increased ability to attract and retain employees improve employee morale => increased productivity and quality and reduce complexity and costs
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Customer Selection & Donations- Increased sales and better brand loyalty from the consumers for enterprises perceived to be responsible with local community and the environment
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CSR- Feel-good factor + Corporate strategy for Survival Positive link between CSR actions and good- will make a positive contribution towards the needs of the community along with an opportunity to make a difference
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Gjolberg,M.(2008) Measuring the immeasurable?: Constructing an index of CSR practices and CSR performance in 20 countries. Castka, P., Balzarova, M. A., Bamber, C.J., Sharp, J.M. (2004) How can SMEs effectively implement the CSR agenda? Corporate Social Responsibility and Environmental Management 11 pp. 140-149 Carlisle, Y.M., Faulkner, D.O. (2005) Strategic change 14, pp 413-422
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