LAW 533 Study Guide - Midterm Guide: Corporate Social Responsibility, Canadian Environmental Protection Act, 1999, Fiduciary
15 Jan 2019
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Document Summary
Iso 26000 international consensus view of the meaning of social responsibility. Includes stakeholder interest, compliance with law, transparency and accountability, supply-chain relationship. Compliance with laws is a necessary minimum csr expectation, but csr is typically described as voluntary, non-statutorily required social responsibility commitments. 7 core csr subjects/issues in the international standard iso 26000. Organizational governance, human rights, labour practices, the environment, fair operating practices, consumer issues, and community involvement and development. Stakeholder approach taking into consideration the impacts on and concerns of stakeholders. Csr toolbox csr policy or code, third party standards, third-party auditors to certify, industry associations creating csr standards, anonymous whistleblower programs, stakeholder advisory groups, regular meetings with communities. Law helps csr by: constrains firms through regulatory laws (worker health and safety, consumer protection, pollution control) facilitates csr by the contracts made. Prescribe csr by reporting requirements where firms must publicly disclose what they are doing to improve communities or the environment (information disclosure law)
