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?

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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)


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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
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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