Corporate Social & Environmental Responsibility

by Noradiva Hamzah,Ruhanita Maelah & Intan Belinda Lestari

Publisher -

Penerbit UKM

Category - General Academics

Corporate social responsibility and environmental responsibility refer to the idea that businesses have the obligations not only to shareholders but to society at large and must act in socially and environmentally responsible ways. It is an industrial dynamic that enables organizations to address the pressures imposed by these environmental constituents. This means a business’s performance is measured not only in terms of profit, but also in how well it addresses its social and environmental impacts. Reducing unethical and environmentally damaging practices are laudable goals, but considerable gaps often exist between intentions and results. A good reputation that goes along with corporate social responsibility and environmental responsibility helps build customers’ loyalty and employees’ dedication as well as responsibility and care for the society and nature. Organizations that apply corporate social responsibility and environmental responsibility position themselves better on the market and improve their image rapidly. Furthermore, organizations must also guard against the risk of unintended consequences leading to environmental injustice. Corporate social responsibility and environmental responsibility can reduce business risk, improve reputation and provide opportunities for cost savings. Companies that practise corporate social responsibility and environmental responsibility position themselves better on the market and present better image. Sustainability, an imperative to corporate social responsibility and environmental responsibility, is not only concerned with preservation of natural resources, but reduction of energy costs that positively affects the growth. Energy efficiency is therefore a combination of responsible business and rational cost management, all complying with corporate social responsibility and environmental responsibility. This book is written to emphasize the importance of corporate social and environmental responsibility in today’s business organization. 

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