A discussion on sustainable development and social responsibility in business

Sustainable development involves the use of environmentally responsible and efficient operational practices that preserve environmental resources crucial to your long-term business success. Corporate social responsibility, or CSR, involves balancing corporate citizenship and environmental responsibility to give back to the communities in which you operate.

A discussion on sustainable development and social responsibility in business

Sustainability or Social Responsibility -- What's in a Name? Tuesday, August 25, - There seems to be an endless battle over whether sustainability is merely a component of corporate social responsibility or whether social responsibility is simply one of the so-called bottom lines in sustainability's triple bottom line TBL.

It is not really a battle since neither side will even recognize the other. Yet there are adherents defending each of the terms.

Both sustainability and social responsibility are broadly defined. Neither term has a well-accepted operational definition showing how it works at the facility and process level. The definitional issue was raised in a previous blog. Why do I bring this up? Inthe International Organization for Standardization will release the ISO social responsibility standard.

It defines social responsibility as: Neither definition mentions the economic responsibility commonly included in sustainability's TBL.

Sections of This Topic Include

It defines sustainable development as "An enduring, balanced approach to economic activity, environmental responsibility and social progress. The current draft of ISO addresses the relationship between social responsibility and sustainable development by noting that the focus of social responsibility is on the organization, not the globe.

In their book, " Total Responsibility Management: The Manual, " Sandra Waddock and Charles Bodwell characterize TRM as a systemic framework for managing responsibility for all of the organization's stakeholder- and natural environment-related activities.

They liken the journey to total responsibility as being similar to the quest for total quality management. The book describes the TRM framework as instituting a values-driven vision and integrating this vision into the organization's strategies, its employee and stakeholder relationships and practices, and the numerous management systems that support the organization's strategies.

While you might not like the TRM term, the word "responsibility" certainly does have a good ring to it. Responsibility could become the foundation for the organization's Code of Conduct. The three responsibilities in the TBL could become the outcomes of the practice of responsibility.

Why this is important

In a previous blogs, I outlined the five basics for sustainability at the organizational level: Maybe I need to make a change even though I do not buy into the Draft ISO explanation that sustainability is only for the globe!

So what do you think? It is time to stand up and be heard on this topic! What do you feel is the overarching concept -- sustainability or social responsibility?

Perhaps you would like to propose a new name for this concept as a gesture of compromise for the people that just cannot vote for the "competing" term. I will report on the tally in a future blog. Images CC licensed by Flickr users jemsweb and futurestreet.Download Citation on ResearchGate | The Contribution of Corporate Social Responsibility to Sustainable Development | This paper considers the motivations for and nature of business contributions.

Social responsibility and business ethics are often regarding as the same concepts. However, the social responsibility movement is but one aspect of the overall discipline of business ethics. Nov 24,  · Milton Friedman and the Social Responsibility of Business.

Joel Makower. It remains the basis for many companies' contention today that "corporate social responsibility," "sustainable business," and other such monikers are a distraction from their core obligation: to act in their shareholders' best interests.

A discussion on sustainable development and social responsibility in business

discussion of. Sustainable development and corporate social responsibility are closely related business concepts that have greatly affected corporate governance in the early 21st century. Sustainable development involves the use of environmentally responsible and efficient operational practices that .

Discussion Ch 9. Uploaded by Coty Sheme. Business Ethics Social Innovation and Sustainable. Development as Drivers of Business Growth” on page by Patrick Cescau, Group Chief Executive of Unilever. It’s crazy to think, that about forty-five years ago corporate responsibility and sustainable development was hardly present.

A belief. a broader discussion on corporate social responsibility, in the context of environmental protection. paper is not a publication of the World Bank. It is circulated to encourage discussion.. are solely those of the author and his views and this paper should not be attributed to the World Bank.

Milton Friedman and the Social Responsibility of Business | GreenBiz