Analysis of CSR in Business Law and Ethics - University of Suffolk

This essay provides an analysis of corporate social responsibility (CSR) within the framework of business law and ethics. It explores the role of CSR in managing organizations, integrating environmental and social concerns, and interacting with stakeholders. The essay discusses key issues related to CSR, such as environmental management, labor standards, and human rights. It also examines the relationship between corporate behavior and CSR, highlighting the importance of ethical practices and legal compliance. Furthermore, the essay references initiatives and perspectives from institutions like Harvard Kennedy School and Joel Bakan's documentary, emphasizing the significance of CSR in corporate governance and societal welfare. The report concludes that CSR is crucial for sustainable business practices and overall societal advancement. Desklib offers a platform for students to access similar solved assignments and study resources.

Business Law and
Ethics

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

INTRODUCTION
Business law regulates out incorporation of different corporate and civil laws which helps
out to embodied rules and regulations for companies. This helps out to maintain the smooth
functioning of company and also to plan working procedure is according to the legal regulations.
In business it is important to maintain the social welfare through corporate social responsibility
as they are the important ethical and moral conduct which provides the morality with proper
code of conduct. CSR helps out to enhance the growth of the society by practicing positive
attitudes towards the individual (Saha and et. al., 2020). In this report there will be an analysis
about corporate behavior and corporate personality with the role of CSR and there is
significance.
MAIN BODY
Corporate social responsibility
CSR is management of organizations with integrating all the concerns regarding to
environmental and social behavior for the business practices. It mainly operates out interactions
with the stakeholders regarding the welfare of companies. It helps out to address and implement
all the smooth functioning and proper working with the stakeholders and shareholders with the
strategic management in all the charity and business with the help of sponsorship and
philanthropy. CSR provides proper methods through which communities and companies can
maintain their business practices with all the ethical and moral goals. It focuses on reducing
poverty and also on enhancement of global areas and companies by strengthening the relations
with the other companies and organizations and also by implementing ethical and moral goals in
their working process (lombardi, and et. al.,2020).
Key elements on issues of CSR
The important issues related to CSR are variably environmental management, eco-efficiency,
responsible sourcing areas, stakeholder engagement, standards for laborers, adequate working
conditions, proper community relations, social equity, anticorruption measures, Human rights
and many more. All such helps out for the competitive implementation and advancement and

also to gain the capital for the market enhancement. The provide growth and profitability by
increasing sales and also by providing optimum quality of products and services with the low
operational cost in areas. It focuses on gaining the loyalty of customers by providing better
decision-making and programs and also by strategizing risk management (Lin and et. al., 2019).
The major practice which are being implemented for corporate responsibility are mentioned there
under:
 Environmental efforts: CSR usually concern in protection of environmental areas as the
approach towards implementing some sustainable advancement and also focus on
reduction of pollution and global warming. It helps out to protect different segments and
hazardous issues by channelizing programmes for reducing pollution and global
warming. Most of the companies used to take certain measures through which eco-
friendly Products and services can be provided.
 Philanthropy: When the vast business practices and companies used to donate surplus
amounts of money for the betterment of society and also for the products and services
that should be made available for the individuals or to the non-profit organisations for the
betterment of communities all such are being referred under it. They usually take
initiatives for the local community programs in order to expand their business and also to
help out in a positive manner for the maintaining of images and also for enhancement of
society.
 Ethical practice: These are the code of conduct that were being involved by the
companies in order to regulate a proper positive approach towards the working areas and
also for maintaining law and order and also to gain the trust of individuals on the
organisations. These mainly focus on equal treatment in working areas and ethical and
moral values to be applied.
 Volunteering: It requires all the locals who used to participate for the good deeds in order
to provide benefits for the communities who were being aggrieved from all the benefits
and resources. They mainly concerned about the social cause and also for the betterment
of society and for the further growth and advancement. It usually generates the profit for
the poor people (Grover and et. al., 2019).
Relation between corporate behavior and CSR

Corporate social responsibility is merely being a social concern for all the business
practices that were being made for the betterment of society. Corporate behavior used to imply
all such functioning of business in order to maintain strong and friendly relations between the
corporates and with the stakeholders. Corporate behavior used to confirm with the legal rules,
ethical conduct and the moral principles of social responsibility through which the ethics, law
and CSR is being implemented. They usually recognize all the perception for the growth and
expansion of organizations, and also maintain the proper relation between the stakeholders and
shareholders for Growth of economy.
Both CSR and corporate behavior are interlinked as their major role is to carry out social
responsibility and also to follow all the legal rules, ethical practises and moral and economic
values in their business activities. It idealise important features through which CS are used to
focus on society and also on maintaining alleged relations between the companies and
stakeholders whereas corporate behaviour also used to Implement strategies in order to enhance
the relation of stakeholders and their business practises. These are mainly being used to maintain
the legal, ethical and the societal changes and practices.
Thus, corporate behaviour plays An important role in the ethical applications of moral
conduct in the business practises with the help of shareholders and stakeholders which will help
out to enhance the economy and better decisions. CSR work for the improvement of country and
also focus on expansion of growth of economy (Muttakin, and et. Al., 2018).
.
According to Harvard Kennedy school M-RCBG programs, various initiatives were
being taken for the corporate responsibilities for enhancement of public rule and to implement
corporate governance with accountability in order to focus for the business practises. They
mainly involve public policies, corporations and government for all the fundamental issues that
are being generated for the corporation. The emphasize on education policies, financial sector
programs, growth policy and all the sustainable development and advancement which will help
the country to gain deep better functioning and increased economy. Also sustainable
development and advancement with various innovation in technology in regulations helps out to
focus on CSR in order to analyse the concerns that are being related to the society and also to

remove the obstacles from all the public and private sectors. Their main scope is to work for
global region and for intellectual sources in business.
The Corporation given by Joel Bakan of University of British Columbia
Joel Bakan Has asked some important questions for enduring the viability about the
corporations and the primary areas that are been confirmed for the growth in production of the
market be society he also emphasized on the important concerns regarding the corporate
structure for the public goods and to organize effective areas for growth in production in general
welfare.
He has made a documentary which interprets about further development in business areas
and also for the legal entity through which common character is institutions can be implemented
in the public functions. The documentary focus on corporate social behaviour and important
nature regarding to the growth of the public and people with the help of ethical and moral rules
and conducts and by implementing CSR in their work in process and organisations (Yu, and et.
al., 2020).
CONCLUSION
From this above report it is analysed that business law regulates important decision
making process and provides important functions through which it can be run in a smooth
manner. Corporate social responsibility helps in management of business practises by concerning
towards the social and environmental issues. Corporate behaviour and CSR are majorly being
linked with each other as they both used to work for the ethical, legal and economic cultures and
values. Professor Joel bakan has given in his documentary about the development for the
corporation with the help of CSR. Furthermore it is also analyse that different kinds of initiatives
can be taken out by the organisations for the expansion of growth in the public and private
sectors and also for the betterment and advancement of communities and regions.

REFERENCES
Books and Journals
Grover, and et. al., 2019. Impact of corporate social responsibility on reputation—Insights from
tweets on sustainable development goals by CEOs. International journal of information
management, 48, pp.39-52.
Lin, and et. al., 2019. The causality direction of the corporate social responsibility–Corporate
financial performance Nexus: Application of Panel Vector Autoregression approach. The
North American Journal of Economics and Finance, 48, pp.401-418.
Lombardi, and et. al.,2020. The profitable relationship among corporate social responsibility and
human resource management: A new sustainable key factor. Corporate Social
Responsibility and Environmental Management, 27(6), pp.2657-2667.
Muttakin, and et. al., 2018. Corporate political connection and corporate social responsibility
disclosures: A neo-pluralist hypothesis and empirical evidence. Accounting, Auditing &
Accountability Journal.
Saha, and et. al.,2020. Effect of ethical leadership and corporate social responsibility on firm
performance: A systematic review. Corporate Social Responsibility and Environmental
Management, 27(2), pp.409-429.
Yu, and et. al., 2020. Exploring the role of corporate social responsibility practices in
Enterprises. Journal of Advanced Manufacturing Systems, 19(03), pp.449-461.