Markopoulos, E;
Staggl, A;
Gann, EL;
Vanharanta, H;
(2021)
Beyond Corporate Social Responsibility (CSR): Democratizing CSR Towards Environmental, Social and Governance Compliance.
In:
Advances in Creativity, Innovation, Entrepreneurship and Communication of Design.
(pp. pp. 94-103).
Springer Nature
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Abstract
The Corporate Social Responsibility (CSR) concept evolved from a commonly-doubted understanding to a measurable framework. It compensates for negative socio-economic externalities emulated by consumerist societies. Its progressive takeover on market mindsets set the pathway for Environmental, Social, and Governance (ESG) factors implementation in alignment with global plans for greener practices like the Kyoto Protocol. Ultimately, CSR-driven initiatives under democratic rules enable a swift Green Ocean Strategy and a dynamic integration from the business environment to the business ecosystem. So far, CSR and ESG transitions have been criticized for their labor and cost intensiveness, not necessarily translating into shareholder's short-term financial interests. This paper explores the efficient implementation and execution of a strategy that extends CSR to ESG. It provides transitional frameworks for organizations to transform their CSR activities into achieving ESG compliance using shared intellectual capital in a structured and profitable way.
| Type: | Proceedings paper |
|---|---|
| Title: | Beyond Corporate Social Responsibility (CSR): Democratizing CSR Towards Environmental, Social and Governance Compliance |
| Event: | International Conference on Applied Human Factors and Ergonomics |
| ISBN-13: | 9783030800932 |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1007/978-3-030-80094-9_12 |
| Publisher version: | https://doi.org/10.1007/978-3-030-80094-9_12 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher's terms and conditions. |
| Keywords: | Corporate Social Responsibility, New Product Development, ESG, Green Ocean Strategy, Agile, Scrum, Human Resources, Company Democracy, Management, Business Ecosystems, Innovation Family Business |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > UCL School of Management UCL > Provost and Vice Provost Offices > UCL BEAMS UCL |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10153258 |
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