Business Ethics and Corporate Governance, Second Edition

STEPS TO ATTAIN CSR

The International Chamber of Commerce recommends the following nine steps to attain CSR:

1. Confirming CEO/Board commitment to prioritize responsible business conduct;
2. Stating company purpose and agree on company values;
3. Identifying key stakeholders;
4. Defining business principles and policies;
5. Establishing implementation procedures and management systems;
6. Benchmarking against selected external codes and standards;
7. Seting up internal monitoring;
8. Using language that everyone can understand; and
9. Seting pragmatic and realistic objectives.

Corporations exist because they, in a sustainable fashion, enable people to constructively practice their craft and create jobs, economic value, and wealth for the society and the enterprise, especially ...