How is CSR Reflected in Legislation and Standards?

How is CSR Reflected in Legislation and Standards?

Many businesses are embracing Corporate Social Responsibility – CSR. There are many reasons for this, motivated by philanthropic and self-serving interests. But what standards do legislators hold these companies to? And what independent standards can they adopt, to demonstrate their CSR credentials? Watching this video is worth 2 Management Courses CPD Points*. 🔎 See below for details Corporate Social Responsibility (CSR) This video is part of course module 6.2 Program 6: Managing within Organizations Course 2: Corporate Social Responsibility Other videos that describe Corporate Social Responsibility: 🎬 What is Corporate Social Responsibility (CSR)? https://youtu.be/ONgWaJJk20M 🎬 What is the Triple Bottom Line? https://youtu.be/82nTJEdPmbs 🎬 CSR: Who are an Organization's Stakeholders? https://youtu.be/mRqsqezbgGk 🎬 What are an Organization's Environmental Responsibilities under CSR? https://youtu.be/EjkF3LBWPI0 🎬 What are an Organization's Social Responsibilities under CSR? https://youtu.be/QIVzrISHSHs 🎬 What are an Organization's Ethical Responsibilities under CSR? https://youtu.be/n2qJDIcaotI LESSON NOTES It’s impossible to cover all the legal and regulatory frameworks in the nations and federal states around the world. But the key elements of CSR embedded in legislation include things like: - Employment protection - Equal Opportunities and Discrimination legislation - Maternal, paternal, and carer rights - Consumer protection and product liabilities - Environmental protection - Health & Safety legislation In addition, the accounting industry and corporate oversight bodies are building CSR requirements into Corporate Governance and mandatory reporting to shareholders and regulators. Four Standards & Certifications 1. The Sustainability Accounting Standards Board - https://www.sasb.org 2. B Lab’s B-corp certification - https://www.bcorporation.net 3. ISEAL code compliance - https://www.isealalliance.org 4. International Organization for Standardization: ISO 26000 - https://www.iso.org/iso-26000-social-responsibility.html RECOMMENDED EXERCISE 1. What CSR-related regulations and legislation are you aware of in your country or state? (2 MC CPD Points) 2. How could compliance with an external standard benefit your organization? (2 MC CPD Points) DOWNLOADS Free Resources 🧰 CPD Tools - https://gum.co/MC-CPD Paid resources 🧳 Management Courses Onboarding Kit - https://gum.co/MC-ObK ($3) RECOMMENDED READING There are many books that discuss CSR. These are the ones I recommend: 📖 Corporate Social Responsibility: A Very Short Introduction https://geni.us/oCWl1m 📖 Cannibals with Forks: The Triple Bottom Line Of 21st Century Business https://geni.us/Lyr1bRP 📖 Strategic Management: A Stakeholder Approach: R Freeman https://geni.us/XzYlz 📖 The Stakeholder Strategy: Profiting from Collaborative Business Relationships https://geni.us/bPI5 📖 Corporate Social Responsibility: Doing the Most Good for Your Company and Your Cause https://geni.us/UCLsj 📖 Corporation Be Good! the Story of Corporate Social Responsibility https://geni.us/a97O ⭕️ Links to our book recommendations are affiliated through Amazon and help support our free videos Managers Need a Basic set of kit to do your job well. Here are my top recommendations: https://kit.co/MikeClayton/manager-s-work-kit (the links are affiliated) MANAGEMENT COURSES CONTINUING PROFESSIONAL DEVELOPMENT (CPD) POINTS You can record your Management Courses CPD points on our free, downloadable CPD record log. 📓 Download it at: https://gum.co/MC-CPD Each video has two levels of MC CPD points. For this video: - If you simply watched the video, record 2 MC CPD points - If you also carried out all of the recommended exercises, score a total of 6 MC CPD points CHAPTER MARKERS 00:00 - Corporate Social Responsibility legislation and standards 00:36 - CSR in Legislation 02:25 - Corporate Social Responsibility for its own sake 02:52 - CSR in owner-managed businesses 03:19 - Companies’ desire to hold themselves to CSR standards 03:47 - The Sustainability Accounting Standards Board 04:06 - B Lab’s B-corp Certification 04:37 - ISEAL Code Compliance 05:10 - International Organization for Standardization: ISO 26000 06:05 - Summing up #ManagementCourses #CSR #CorporateSocialResponsibility
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