UNIT 13: SOCIAL RESPONSIBILITY
• Businesses should get involved and invest in
sustainable community programs or projects that will
AND CORPORATE CITIZENSHIP : CSR + CSI benefit and uplift communities.
• Businesses must contribute to the well-being of all
their stakeholders.
THE CONCEPT OF SOCIAL RESPONSIBILITY
Profit/Economic
Businesses have an obligation to all their
stakeholders, and also to the community. They must • The triple key aspects mean that businesses should
maintain a balance between the economy and the not only focus on their profits and charge high prices,
environment, and also take into account the well- but also invest in CSI projects.
being of others. Businesses must always keep in
• Businesses should not make profits at the expense
mind the laws and legal requirements of the
of their community
government in their operations. They must also be
careful not to deplete natural resources. Businesses Planet/Environment
must also be actively involved in the community and
care for the environment. • Businesses should not deplete resources or harm
the environment for production or to obtain profit for
themselves.
The meaning of social responsibility • They should support energy-efficient or eco-friendly
products and production methods.
In today's world, it is the responsibility of every
citizen and organization to contribute to the well- • They should participate in recycling or reusing
being of the community and the environment they waste, for example by using recycled materials for
live in. Businesses have the responsibility to balance packaging or in products
their operations between economic development, the
well-being of the community, and caring for the Examples of companies with DSA
environment. strategies
This can take the following forms: • Unilever aims to reuse 100% of plastic packaging
by 2025.
• avoid any actions that could harm the environment,
for example the exploitation of natural resources • DHL aims to achieve zero emissions by 2050.
• implementation of initiatives that can benefit • Patagonia reuses old clothes.
society.
Ways a business project can contribute to
The relationship or connection between the community
social responsibility and the triple bottom
• The business can make charitable contributions to
line (DSA) NGOs, for example, look at how Chefs that care
contributes to the communities within which they
Introduction to the triple key aspects
operate.
(DSA)
• The business can be involved in community
The triple bottom line (DSA) suggests that businesses
education, for example, the take a child to the
should be committed to measuring their social and
workday initiative.
environmental impact in addition to their financial
performance, rather than focusing solely on profit. • The business can employ members of the local
This can be broken down into the ‘three Ps’: people community in their projects for the community, for
(people/social), profit (profit/economic), and planet example Granny's Nursery.
(environment).
• Businesses can encourage their employees to
participate in volunteer programs that take place in
the local community, for example the Grand West
The relationship between social School Renovation Programme
responsibility and the three key aspects
Persons/People/Social/Social
SOCIO-ECONOMIC ISSUES
• Businesses or organizations should not harm or
exploit people, their employees, customers or the Introduction to socio-economic issues
community.
Socio-economic issues are problems or challenges
that arise from certain aspects of society and the
• Businesses should get involved and invest in
sustainable community programs or projects that will
AND CORPORATE CITIZENSHIP : CSR + CSI benefit and uplift communities.
• Businesses must contribute to the well-being of all
their stakeholders.
THE CONCEPT OF SOCIAL RESPONSIBILITY
Profit/Economic
Businesses have an obligation to all their
stakeholders, and also to the community. They must • The triple key aspects mean that businesses should
maintain a balance between the economy and the not only focus on their profits and charge high prices,
environment, and also take into account the well- but also invest in CSI projects.
being of others. Businesses must always keep in
• Businesses should not make profits at the expense
mind the laws and legal requirements of the
of their community
government in their operations. They must also be
careful not to deplete natural resources. Businesses Planet/Environment
must also be actively involved in the community and
care for the environment. • Businesses should not deplete resources or harm
the environment for production or to obtain profit for
themselves.
The meaning of social responsibility • They should support energy-efficient or eco-friendly
products and production methods.
In today's world, it is the responsibility of every
citizen and organization to contribute to the well- • They should participate in recycling or reusing
being of the community and the environment they waste, for example by using recycled materials for
live in. Businesses have the responsibility to balance packaging or in products
their operations between economic development, the
well-being of the community, and caring for the Examples of companies with DSA
environment. strategies
This can take the following forms: • Unilever aims to reuse 100% of plastic packaging
by 2025.
• avoid any actions that could harm the environment,
for example the exploitation of natural resources • DHL aims to achieve zero emissions by 2050.
• implementation of initiatives that can benefit • Patagonia reuses old clothes.
society.
Ways a business project can contribute to
The relationship or connection between the community
social responsibility and the triple bottom
• The business can make charitable contributions to
line (DSA) NGOs, for example, look at how Chefs that care
contributes to the communities within which they
Introduction to the triple key aspects
operate.
(DSA)
• The business can be involved in community
The triple bottom line (DSA) suggests that businesses
education, for example, the take a child to the
should be committed to measuring their social and
workday initiative.
environmental impact in addition to their financial
performance, rather than focusing solely on profit. • The business can employ members of the local
This can be broken down into the ‘three Ps’: people community in their projects for the community, for
(people/social), profit (profit/economic), and planet example Granny's Nursery.
(environment).
• Businesses can encourage their employees to
participate in volunteer programs that take place in
the local community, for example the Grand West
The relationship between social School Renovation Programme
responsibility and the three key aspects
Persons/People/Social/Social
SOCIO-ECONOMIC ISSUES
• Businesses or organizations should not harm or
exploit people, their employees, customers or the Introduction to socio-economic issues
community.
Socio-economic issues are problems or challenges
that arise from certain aspects of society and the
