Is there any information about Social Responsibility that you do not know today? This topic is more important than you may think and it is presented in almost every committed company or individual with a deep sense and interest on social issues and needs.
The term. Social responsibility is an ethical framework which suggests that an entity – an organization or individual – has an obligation to act for the benefit of society at large. Social responsibility is a duty every individual has to perform to maintain a balance between the economy and the ecosystems. A trade-off may exist between economic development, in the material sense, and the welfare of the society and environment. This term means sustaining the equilibrium between the two. It pertains not only to business organizations but also to everyone whose any action impacts the environment. This responsibility can be:
· Passive: by avoiding engaging in socially harmful acts
· Active: by performing activities that directly advance social goals
Business and companies. Businesses can use ethical decision making to secure their businesses by making decisions that allow for government agencies to minimize their involvement with the corporation. Equally, for example, if a company follows the United States Environmental Protection Agency (EPA) guidelines for emissions on dangerous pollutants and even goes an extra step to get involved in the community and address those concerns that the public might have, they would be less likely to have the EPA investigate them for environmental concerns.
The regulation of the action. A significant element of current thinking about privacy, however, stresses “self-regulation” rather than market or government mechanisms for protecting personal information. According to some specialists, most rules and regulations are formed due to public outcry, which threatens profit maximization and therefore the well-being of the shareholder, and that if there is not outcry there often will be limited regulation.
Corporate Social Responsibility. Some critics argue that corporate social responsibility (CSR) distracts from the fundamental economic role of businesses; others argue that it is nothing more than superficial window-dressing, or “greenwashing“; some other experts say that it is an attempt to preempt the role of governments as a watchdog over powerful corporations. A significant number of studies have shown no negative influence on shareholder results from CSR but rather a slightly negative correlation with improved shareholder returns. Some other studies have shown strongly positive correlations between a CSR-type commitment to sustainability and company performance in the long-term.
The status. Social responsibility as a non-binding or soft law principle has received some normative status in relation to private and public corporations in the United Nations Educational, Scientific and Cultural Organization (UNESCO) Universal Declaration on Bioethics and Human Rights developed by the UNESCO International Bioethics Committee particularly in relation to child and maternal welfare. The International Organization for Standardization will encourage voluntary commitment to social responsibility and will lead to common guidance on concepts, definitions and methods of evaluation. The standard describes itself as a guide for dialogue and language, not a constraining or certifiable management standard.