Chapter Preview
This chapter covers how businesses can act responsibly and ethically. You’ll learn about CSR, the UN Sustainable Development Goals, Caroll’s CSR Pyramid, and legal duties. We’ll also discuss business ethics, preventing unethical actions, and maintaining honesty and integrity in your professional life.
Learning Objectives
After reading this chapter, you should be able to do the following:
- Define Corporate Social Responsibility (CSR) and how it aligns with the United Nations Sustainable Development Goals (SDGs).
- Discuss how corporate social responsibility (CSR) impacts various stakeholders such as owners, investors, managers, employees, customers, and communities.
- Explain the four parts of Caroll’s Corporate Social Responsibility Pyramid.
- Differentiate between CSR and ESG frameworks in assessing corporate sustainability.
- Describe business ethics and explain what it means to act ethically in business.
- Illustrate how an individual can avoid an ethical lapse, and why one should not rationalize when making decisions.
- Identify the things you can do to maintain your honesty and integrity in a business environment.
