Corporate Social Responsibility (CSR) on the UK and International framework for CSR

Corporate Social
Responsibility (CSR)
on the UK and
International
framework for CSR

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Labour Laws are basically known as the employment laws that basically mediate the
relationships among the trade unions, workers, the government and the employing entities. The
present report basically focuses on the extent to which the Corporate Social Responsibility is
actually taken seriously by the large corporations. Also the present report basically pay emphasis
on the both the UK and International Framework for the CSR.
MAIN BODY
Corporate Social Responsibility is basically described as the process in which the
organizations integrate the environmental and social concerns into their business and the
stakeholder interactions. The main objective of the CSR is to basically create a positive impact
on the society and also delivering value. With the help of Corporate Social Responsibilities, the
organizations could easily retain and attract employees(Lee and Riffe, 2019). With the support
of CSR efforts, it helps a lot in fostering a positive and productive surroundings and working
environment for the employees. In relation to Corporate Social Responsibilities, it has basically
taken very seriously by the large corporations. In today's large corporations, the Corporate Social
Responsibility has become a known phenomenon and basically pay emphasis in order to take up
the responsibility of addressing issues faced by the society members. It is also described as the
strategy that is used by the corporations in order to maintain a positive image held by their
consumers creating an engagement in different activities related to problem solving within the
operations of the society(Akbari and McClelland, 2020).
As per various assumptions, the corporate entities basically uses CSR strategies in order
to get benefit. Through Corporate Social Responsibilities, it not only gives the company a
competitive advantage but also contributes towards enhancing the satisfaction and loyalty of
customers. When corporations engage more in the activities of CSR, the companies are tend to
gain more. Also various governments have engaged corporations in focusing upon the need for
the corporate social responsibility. In relation to corporations, they tend to pollute the
environment during their operations for the objective to support the community to clean the
surroundings. For the aim to end this, the corporate social responsibility is impossible as they
pay more focus on the profit maximization. As per the viewpoint of Milton Friedman, he
basically criticized that the corporate resource use is basically to engage in the different CSR