Corporate Social Responsibility: Business Law and Ethics

This article discusses the concept of Corporate Social Responsibility (CSR) and its impact on business operations. It explains how CSR goes beyond philanthropy and compliance, and encompasses economic, social, and environmental factors. The article also highlights the role of business law and ethics in enhancing an organization's social accountability and sustainability. It covers the impact of CSR on the workplace, marketplace, supply chain, community, and public policy realm.

BUSINESS LAW AND
ETICS(INDIVIDUAL
REPORT)

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK ..............................................................................................................................................3
Corporate social responsibility encompasses not only what companies do with their profits,
but also how they make them. It goes beyond philanthropy and compliance.............................3
Addresses how companies manage their economic, social, and environmental ........................4
Relationships in all key spheres of influence: the workplace, the marketplace, the supply
chain, the community, and the public policy realm....................................................................5
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business laws means that kind of laws which has been formed over leading upon making
formation of organization possible. These laws leads over helping in making rules and regulation
over making business organization work over its different processes. Such law leads upon
enhancing business activities. Ethics are those standards which helps in enhancing standards that
is formed within an organization and lead upon affecting business environment through
increasing timely accomplishment of task in more effective way. Both business and ethics makes
target of business organization achieved with fluency. Business law and ethics leads upon
making basic framework developed which makes organization growth attained in sustainable
manner. Scope of these laws are wider as they cover all aspects related to business and nature is
dynamic which affects functioning of business. In this file the main concept is based upon
Corporate Social Responsibility.
TASK
Corporate social responsibility encompasses not only what companies do with their profits, but
also how they make them. It goes beyond philanthropy and compliance.
Corporate social responsibility (CSR) these are those self-regulating business which has
been helping in making an organization develop social responsibility which makes an
organization develop social accountability. These practices makes an organization develop
socially accountability in relation over stakeholders, itself and public. In this practices impact is
been created in relation to social, economic and environment achieved(Surden, 2020). Through
engaging within CSR an organization is able to achieve organization operating over those means
making operations enhanced within society and environment which makes positive contribution
made. The concept of Corporate social responsibility is broader concept that takes over different
forms which is based over company and industry. This is considered as one of the most
important part of an organization which is equally valuable for an organization making an
organization achieve value in relation to an various elements of an organization. These
responsibility makes formation of strong bond within employees and employer. This is helpful in
boosting moral values by making both higher management and employee feel connected with
each other and working environment. This is important for both consumer and organization
through this an organization is required to make development of various aspects related to

consumer. In this business makes responsibility developed over different aspects. Corporate
responsibility programs are a great way to raise morale in the workplace. This is one of the most
important part of an organization that helps in building of those aspects which makes business
enhancement possible. Regarding an organization CSR have major responsibility related with all
those elements making an organization achieve better business environment. Also CSR
responsibility makes an organization deal over both ethical and corporal issues taking place
within an organization. CSR makes an organization enhance all kinds of aspect that is based
over various factors existing in an organization(Ryan, 2021).
Addresses how companies manage their economic, social, and environmental
As the concept of social responsibility deals with corporate welfare which makes three
main factors developed within an organization that is economic, social, and environmental. It
leads over making all aspects in an organization developed with more efficiency. Under the
concept of CSR all over aspect existing in an organization leads upon enchaining mechanism
through which monetary transaction is been conducted in more strategic manner. Also it helps in
making economic standards within an organization developed. CSR responsibility leads upon
developing economic stability by increasing organizations good will within market through this
social responsibility is enhanced with more efficiency. Further it makes concept of optimum
utilization of resources enlighten that helps in making wastage of resource reduced. It makes lot
of money saved which leads upon making investment of capital done within internal factors
stabilization. At time due to corporate social responsibility economical growth is been developed
within an organization making an organization develop better budget by keeping in mind affect
of both internal and external factors over an organization which makes organization attain
growth over product and services provided. Economic development leads upon making financial
department think over consequences of lack of funding which makes funds collected within time.
It is been applied with ethical code of conduct within organizations financial sector that makes
more innovative ideas develop for economic growth through CSR(Roberts-Lombard and et. al.,
2019).
Social responsibility is also known as corporate social responsibility which is present
within an organization to make social welfare done by an business organization. It is been
achieved with the helps of moral values and ethical code of conduct. Social welfare makes an
organization attain popularity within market. An business organization performs social welfare

through conducting various programs based on awareness about education, health and hygiene
which makes people understand about various diseases existing within society. It is helpful in
attracting customers through making organization reach to its customers in more effective way.
Also social welfare is been achieved by an organization by conducting training programs for its
employees which makes employee realize about society and its various aspects. Through this
certain important aspects is been covered that is it makes society educated over various aspects
that makes social welfare more popular. Business organization through CSR contributes a lot
within society. Ethics also has important role to play within an organization as it provides basic
framework which makes guidelines developed over making corporate social responsibility
performed with more impactful manner(Parsons, 2017).
Organization should be focused upon environment safety and must makes it its priority.
This can be achieved with the help of ethics and CSR which makes organization achieve
organizational goals in more effective way. CSR responsibility and ethics makes an organization
develop different aspects which is focused over environmental safety. Through CSR an
organization can check about usage of carbon footprints, developing techniques to filter smoke
produce while performing manufacturing process and makes waste management technique
policies formed that makes waste to be reduced, reuse and recycle. All this makes environmental
awareness created through making organization develop eco-friendly element within its working
environment.
Relationships in all key spheres of influence: the workplace, the marketplace, the supply chain,
the community, and the public policy realm.
CSR responsibility and ethics makes an origination affected more drastically by covering
various aspects that is the workplace, the marketplace, the supply chain, the community, and the
public policy realm. These aspects makes over all functioning of business organization done with
more effectiveness. CSR makes an organization enhance its ethical value through making an
organization affected more internally in effective way. CSR and business organization makes
standard goals achieved in more effective way and has been discussed as follows:
 The workplace: CSR responsibility makes an organization develop its workplace by
enhancing working strategy which is focused over ease down working process(De
George, 2018). Through CSR various standards is been developed that makes discipline

and order formed within an organization. At workplace CSR makes an organization attain
sustainability through making employees feel more effective in nature.
 The marketplace: CSR through its social welfare standards makes an organization
achieve sustainability and attain goodwill within market. Through this society is been
benefited which enhances social responsibility within an organization.
 The supply chain: CSR responsibility creates satisfaction between employees which
makes supply chain management process attain more speed as satisfied employees
working with more consistency.
 The community: In this CSR responsibility makes organization get connected to those
segments of customers which belong to an community. It makes CSR develop
mechanism which focus over creating community welfare by an organization.
 The public policy realm: CSR responsibility helps in developing authentic standards
related to public welfare by making an organization develop policies with social welfare
scheme(Biggs, 2019).
CONCLUSION
From the above discussion it can be find out that business laws are those set of rules
which makes organization develop framework for running or establishment of it. Business laws
makes various organization operate effectively. Ethics are those rules and regulations that
enhances discipline with order in society. Then in this file Corporate Social Responsibility is
discussed leading over developing organization's capacity to perform social welfare. Then in this
file CSR responsibility is discussed over making an organization achieve organizational
objectives. Then corporate social responsibility with the help of economic, social and
environmental elements is explained. In then end CSR affect on workplace, community, market
place, supply chain management and public policy is explained.

REFERENCES
Books and Journals
Biggs, H., 2019. DNAR: to resuscitate or not to resuscitate, rights, wrongs, ethics and the voice
of the patient.
De George, R.T., 2018. Werhane’s Role in the Development of the Discipline of Business
Ethics: A Critical Appreciation. In The Moral Imagination of Patricia Werhane: A
Festschrift (pp. 9-27). Springer, Cham.
Parsons, T., 2017. The law and social control. In The Sociology of Law (pp. 334-338).
Routledge.
Roberts-Lombard, M and et. al., 2019. South African corporate ethics codes: establishment and
communication. European Business Review.
Ryan, M.R., 2021. Business ethics as a form of practical reasoning: What philosophers can learn
from Patagonia. Humanistic Management Journal, 6(1), pp.103-116.
Surden, H., 2020. The ethics of artificial intelligence in law: Basic questions. Forthcoming
chapter in Oxford Handbook of Ethics of AI, pp.19-29.
Unah, J., 2018, May. African Presuppositions of Business Ethics. In Proceedings of the XXIII
World Congress of Philosophy (Vol. 5, pp. 103-107)