Corporate Social Responsibility Assignment 2022

CORPORATE SOCIAL RESPONSIBILTY 0
Corporate
Social
Responsibilit
y
September 26
2019
Student’s
Details-

CORPORATE SOCIAL RESPONSIBILTY 1
Abstract
Corporate Social Responsibility (CSR) is typically regarded as the responsibility or the duty of
the company that needs to be fulfilled by keeping in mind the interest of the stakeholders being
concerned. The stakeholders can be the society, employees and the government. CSR is crucial
for the business as it helps the company to undertake sustainable operations and is related to
business ethics which is concerned with the assurance of ethical code of conduct that is needed to
be followed within the organization. CSR not only maintains the sustainable business but also
helps in the satisfaction of needs of employees and society. For the control of the activities of the
company and ensuring the ethical code of conduct, every company is needed to have a good
corporate governance which is characterized by the governing body that initiates the policies,
rules and guidelines for the effective control of the organizational members. For this assignment,
secondary data is utilized through the journal articles, website sources of the companies and
academic books. The results of the assignment are helpful in the determination of CSR
framework by taking into consideration the legal, economical, ethical and philanthropic
responsibility of the organization and analyzing the similarities and omissions being made with
respect to United Nations Sustainability Development Goals.
Keywords: Corporate Social Responsibility (CSR), Business Ethics, UN SDGs, Corporate
Governance, Philanthropy, Legal Responsibility, Economic Responsibility, Ethical
Responsibility

CORPORATE SOCIAL RESPONSIBILTY 2
Contents
Introduction......................................................................................................................................3
Firm 1: Sime Dar by Properties.......................................................................................................3
Firm 2: Sunway Group....................................................................................................................5
Firm 3: SP Setia...............................................................................................................................6
Firm 4: IOI Properties Group..........................................................................................................7
Firm 5: UEM Sunrise.......................................................................................................................8
Similarity.......................................................................................................................................10
Omissions......................................................................................................................................10
Conclusion.....................................................................................................................................11
References......................................................................................................................................12

CORPORATE SOCIAL RESPONSIBILTY 3
Introduction
Corporate social responsibility(CSR) is regarded as the duty or obligation of the business process
towards the society in order to place a positive impact on the society through engaging in the
philanthropic and ethical oriented practices for fulfilling the societal goals (Calvo & Calvo,
2018). Business ethics is considered as the moral principles that the businesses follow towards
the sustainability of all the stakeholders (Chell, et al., 2016). Further, corporate governance
refers to the policies or the rules that are designed by the companies for controlling the activities
of the entire organization (Larcker & Tayan, 2015). The report will discuss the CSR of five
firms and their similarities and omissions with respect to UN sustainability development goals of
the five firms selected. In this report CSR framework is discussed by making use of Carrol’s
model which takes into account the legal, economic, ethical and philanthropic responsibility of
the organization. The report highlights the Carroll’s model of five firms and identifies whether
the selected firms follow the UN SDGs and similarities in the Corporate Social Responsibility
and also omissions in the sustainability goals.
Firm 1: Sime Dar by Properties
Carroll’s model described as corporate social responsibility of the firm in terms of economic,
legal, ethical and philanthropic duties of the firm by taking into consideration the United Nations
sustainability development goals (Carroll, 2016). The model specifically determines four
components which are economic, legal, ethical and philanthropic. These components are taken
into account and linked with United Nations Sustainability Development Goals for analyzing the
firm’s sustainability position.
Economic Responsibility
Economic responsibility relates to the responsibility of the company to earn the desired profit.
Moreover, it is the fundamental obligation and also main reason for the company’s existence
(Jensen & Rosas, 2019). A company is expected to earn a sustainable profit then only it can
serve the needs of employees, investors and shareholders. Sime Darby is meeting UN SDGs 8
which is decent work and economic growth as the company is able to increase the profitability of