Employment - Taking responsibility
CSR is not just about being a good corporate citizen. As far as the financial and investment communications are concerned it is more about managing risk. Michael Burd examines the role human resources advisers have to play
Corporate social responsibility (CSR) is referred to in the US as ‘corporate responsibility’ and on the Continent it is subsumed under the wider concept of ‘sustainable development’. Whatever the tag, it boils down to the same thing. Whereas historically businesses have focused on maximising shareholder value, now shareholders are only one of a number of ‘stakeholders’ whose interests companies must answer to – others include suppliers, customers, the wider community and workers. In addition to financial performance, businesses should concern themselves with their social and environmental impact. Hence the so-called ‘triple bottom line’.
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651