University CSR and Philanthropy: Balancing Economic, Legal, Ethical, and Social Responsibilities

Running head: CSR PHILANTHROPY
CSR philanthropy
Nam of the student
Name of the university
Author Note

1CSR PHILANTHROPY
Executive summary
The aim of the report is to analyze the issue of corporate social responsibility and the nuances
attached to it. The first part of the report highlights the concept CSR and their nuances. The
second part of the report has been developed to analyze the four types of corporate social
responsibilities with specific examples of companies. This has been analyzed to criticize the
issue faced by these corporate bodies while implementing the CSR policies. The last part of the
report summarizes the key issues of CSR to find out the reason behind the issues arising
irrespective of having a robust CSR policy at practice.

2CSR PHILANTHROPY
Table of Contents
Introduction......................................................................................................................................3
Discussion........................................................................................................................................3
Ethical concerns of the company: Unilever & Volkswagen........................................................5
Legal issues of the company: Nokia............................................................................................7
Economic responsibility issue of companies: Goldman Sachs....................................................8
Philanthropic issues of companies: Microsoft...........................................................................10
Conclusion.....................................................................................................................................11
References......................................................................................................................................12

3CSR PHILANTHROPY
Introduction
Philanthropy, taken from the Greek word literally means the “love for mankind”. The
idea of Corporate Social Responsibility is the new buzzword of the 21st century (Amaeshi et al.
2016). This is one kind of charitable actions carried out by the companies as it is the duty of the
individual and corporate and non-corporate bodies to contribute towards society. It is the way of
taking up socially responsible action, and this is the way companies undertake self-regulation
approaches. The purpose of the report is to analyze the issue of CSR philanthropy through
various perspectives by citing multiple examples of these bodies.
Discussion
According to Carroll, corporate social responsibility is the social performance is the
process of inclusion on the global level and embracing the social responsibility and undertaking
activities that are socially beneficial to the people (Carroll 2016). According to Carroll and
Schwartz, corporate social responsibility is measured in terms of the performance of the business
entities (Carroll 2016).
The idea of corporate philanthropy is narrower than the concept of CSR, the idea of
corporate philanthropy is based in the belief that in order to take socially responsible actions, it is
important to make donations both to the individuals, NGO’s for the purpose of charity (De Jong
et al., 2017). However donations do not necessarily mean financial donations. This might also
include the company’s multiple efforts of fundraising, to campaign for the social causes or to the
camps like blood donations, sustained drives etc. The issues that are undertaken by the CSR
activities are multifaceted like environment, human rights issues, sustainability, and transparency