Examining the Importance and Nature of CSR in International Firms

This essay discusses the importance and nature of Corporate Social Responsibility (CSR) for organizations operating internationally. It highlights how CSR contributes to sustainable development by providing environmental, economic, and social benefits to stakeholders. The essay addresses moral and ethical issues faced by firms, including employment practices, human rights, environmental pollution, corruption, and moral obligations. It also examines conflicts between corporate strategy and ethical responsibilities, referencing relevant legislation and regulations. The conclusion emphasizes the importance of adhering to international rules, treating employees equally, and following CSR policies. The document is available on Desklib, a platform offering study tools and solved assignments for students.

Importance and nature of Corporate
Social Responsibility to organisations
operating internationally.
Activity 2

Introduction to Corporate social
responsibility (CSR)
• Business approach which contributes towards the
sustainable development
• Done by providing environmental, economical and social
benefits to stakeholders.
• Organizations sense a responsibility towards the
environment and community.
• they make certain investment so that they will be able to
support the environment in which they operate.

Moral and ethical issues faced by firms
operating in an international environment
• Moral and Ethics - principles of wrong or right which helps to
govern the business operations effectively.

Issues related to Employment Practices:
• At different countries the working practices are different.
• Issues occur when the working condition at the
international market are inferior when compared to
home nation.
• Issues are in form of
• discrimination is done among male and female
• Equal pay is not provided
• Opportunities are not given equally

Issues related to Human
rights
basic human rights includes freedom of speech, assembly,
movement, etc.
Issues occur when
• employees are not given proper right to express their
suggestions
• when they are made to work late hours
• proper salary is not provided according to their
performance

Issues related to Environmental
pollution:
Issues include
• Unethical disposal of waste
• deforestation
• water pollution
• noise pollution

Issues related to corruption
• Any firm which performs its operation in an unethical way will
also have negative impact over the economy of the country.
• Corruption leads to loss of tax revenue, adverse budgetary
consequences, etc.

Issues related to Moral
obligations
• It is the responsibility of the organization to given back what it
has achieved.
• It is important for the firm to make contribution for the nation
in which they operate their business operations.

Conflicts between corporate strategy and
ethical and social responsibilities
 Conflicts in Management
 Conflicts in HRM
 Conflicts in performance

Legislation/regulation and guidance relating to
corporate social responsibility for organisations
• Parameters with the help of which government and
management will be able to promote ethical condition of
business environment
• It essential to make 6% contribution for the profit gained
organization

CONCLUSION
• It is very essential for the organizations to follow all the rules
and regulations provided at international level
• Organization should treat all the employees equally and they
should not be provided with equal opportunities
• CSR policies should be followed

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