Edited by David M. Konisky
Chapter 32: Letting the fox guard the hen house? Corporate social responsibility and environmental governance
This chapter seeks to explain the role of corporate social responsibility (CSR) from an environmental policy perspective. The chapter details three perspectives on why firms might pursue beyond compliance or CSR behavior. These include a strategic model, a stakeholder model, and a market barrier model of CSR. Following these models, there are several conditions and pathways for successful CSR. These include a strong regulatory threat, the ability to market to and signal stakeholders, and the ability to find low-cost opportunities for environmental improvement. Barriers to achieving these include competitive disadvantages in competitive markets, a lack of prices on environmental externalities, and the potential for greenwashing. The chapter synthesizes innovative opportunities for CSR, detailing new trends in certified B Corporations, sustainability reporting, social enterprises, and cooperative ownership. The chapter concludes with directions for future academic research.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.