Corporate Social Responsibility in the 21st Century Debates, Models and Practices Across Government, Law and Business
Debates, Models and Practices Across Government, Law and Business
Chapter 4: Mapping Governmental Frameworks and Roles on Corporate Social Responsibility
4. Mapping governmental frameworks and roles on corporate social responsibility OVERVIEW CSR no longer simply affects relationships between businesses and society. It has become a way of rethinking the role of companies in society, which takes governance and sustainability as its core values and changes the focus of CSR public policies. – CSR public policy scholars Laura Albareda, Josep Lozano and Tamyko Ysa1 The Government understands that it has a strategic role to play in encouraging the right conditions for sustainable business practice . . . I believe the role of Government is in creating an environment that – ﬁrst encourages, facilitates and promotes the integration of CSR into companies’ business practices and secondly opens those practices up to accountability and transparency. – Australia’s Minister for Superannuation and Corporate Law, Senator Nick Sherry2 The study of CSR in the first part of this book provides a platform for mapping how its contemporary features and debates manifest themselves in particular corporate regulatory systems. Such a mapping exercise starts with governmental policy, legal and other regulatory measures directed towards CSR. Governmental CSR concerns in the 21st century are national, regional and global in focus. ‘The discourse on CSR has moved away from an emphasis on the social, economic and political development of the native country to more universal concerns about environmental integrity and global welfare’, notes Wharton’s Professor Donaldson.3 Despite the varying historical, social and political dynamics shaping different governmental approaches to CSR in different countries and regions, governments that want to foster CSR can usefully model policy...
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