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Beyond Corporate Social Responsibility (CSR): Democratizing CSR Towards Environmental, Social and Governance Compliance

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 Green open access

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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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