CORPORATE SOCIAL RESPONSIBILITY

AND SUSTAINABLE DEVELOPMENT

MADE BY :
N I T I K M A D A A N
 What is sustainable development

Sustainable development is development that meets the needs of the

present without compromising the ability of future generations to meet
their own needs.
Harlem Brundtland first introduced the concept of sustainable
development
 Objectives of sustainable development

Securing economic development, social equity and justice, and

environmental protection is the goal of sustainable development. 
The aim of sustainable development is to balance our economic,
environmental and social needs, allowing prosperity for now and future
generations.
 Sustainable development consists of a long-term, integrated approach
to developing and achieving a healthy community by jointly addressing
economic, environmental, and social issues, whilst avoiding the over
consumption of key natural resources
 Example of sustainable development

Solar energy-From roof-top solar panels to massive solar farms that can
attain the same generating capacity as a conventional power plant, it is
clear that there is a renewable energy revolution happening in the world
— and it is powered by the sun.
Crop rotation-Crop rotation, in contrast, is defined as “the successive
planting of different crops on the same land to improve soil fertility and
help control insects and diseases.” This way of farming is not a new
practice, but rather a more ancient way of farming chemical-free, whilst
maximizing the long-term growth potential of land.
 Pillars of sustainable development

Social Sustainability
Social Sustainability is the ability of a social system, such as a country, family, or organization, to function at
a defined level of social well-being and harmony indefinitely. Problems like war, endemic poverty,
widespread injustice, and low education rate are symptoms of a system that is socially unsustainable.
Environmental Sustainability
Environmental Sustainability is the ability of the environment to support a defined level of environmental
quality and natural resource extraction rates indefinitely. This is the world's biggest actual problem,
though, since the consequences of not solving the problem now are delayed, the problem receives too low a
priority to be solved.
Economic Sustainability
Economic Sustainability is the ability of an economy to support a defined level of economic production
indefinitely. Since the Great Recession of 2008 this is the world's biggest apparent problem which
endangers progress due to environmental sustainability problem.
 Goals of sustainable development

No poverty
Zero hunger
Good health and well being
Quality education
Gender equality
Clean water and sanitation
Affordable and clean energy
Industry innovation and infrastructure
Climate action
 Sustainability principles

Reduce dependence on fossil fuel , underground metal and and

minerals
Reduce dependence on synthetic chemicals and other unnatural
substances
Meet human need fairly and efficiently
 Corporate Social Responsibility

 Corporate Social Responsibility is the continuing commitment by business to

behave ethically and contribute to economic development while improving the
quality of life of the workforce and their families as well as of the local community
and society at large”.
CSR is also referred to as
• ‘corporate’ or ‘business responsibility ’
• ‘corporate’ or ‘business citizenship’
• ‘community relations’
• ‘social responsibility ’
 Benefits of CSR

• It aids the attraction and retention of staff.

• It attracts green and ethical investment.

• It attracts ethically conscious customers.

• It can lead to a reduction in costs through recycling.

• It differentiates the form from its competitor and can be a source of competitive advantage.

• It can lead to increased profitability in the long run

THE PYRAMID OF CORPORATE SOCIAL
RESPONSIBILITY
Philanthropic
Responsibilities

Ethical
Responsibilities

Legal Responsibilities

Economic Responsibilities
 THE PYRAMID OF CORPORATE SOCIAL
RESPONSIBILITY

• Economic Responsibilities
 Business organizations were created as economic entities designed to provide goods and services to
societal members.

 The profit motive was established as the primary incentive for entrepreneurship.

 Business organization was the basic economic unit in our society. As such, its principal role was to
produce goods and services that consumers needed and wanted and to make an acceptable profit in the
process.

 At some point the idea of the profit motive got transformed into a notion of maximum profits, and this
has been an enduring value ever since.
• Legal Responsibilities

 Society has not only sanctioned business to operate according to the profit motive; at the same time
business is expected to comply with the laws and regulations promulgated by federal, state, and
local governments as the ground rules under which business must operate.

 As a partial fulfillment of the "social contract" between business and society firms are expected
to pursue their economic missions within the framework of the law.

 Legal responsibilities reflect a view of "codified ethics" in the sense that they embody basic
notions of fair operations as established by our lawmakers.

 They are depicted as the next layer on the pyramid to portray their historical development, but
they are appropriately seen as coexisting with economic responsibilities as fundamental precepts of
the free enterprise system.
• Ethical Responsibilities

 Although economic and legal responsibilities embody ethical norms about fairness and justice,
ethical responsibilities embrace those activities and practices that are expected or prohibited by
societal members even though they are not codified into law.

 Ethical responsibilities embody those standards, norms, or expectations that reflect a concern for
what consumers, employees, shareholders, and the community regard as fair, just, or in keeping
with the respect or protection of stakeholders' moral rights.
• Philanthropic Responsibilities

 Philanthropy encompasses those corporate actions that are in response to society

’s expectation that businesses be good corporate citizens.

 This includes actively engaging in acts or programs to promote human

welfare or goodwill.
 Need for CSR
• To fulfill long run self interest of the organisations. • To establish a
better public image.
• To avoid misuse of resources.
• To minimize environmental damage.
• For economic and social welfare of the community.
EXAMPLE
BREWED RESPONSIBLY: STARBUCKS COFFEE

• Since Starbucks Coffee started in 1971, the company has

focused on acting responsibly and ethically. One of
Starbucks' main focuses is the sustainable production of
green coffee. With this in mind, it created C.A.F.E. Practices, a
set of guidelines to achieve product quality, economic
accountability, social responsibility and environmental
leadership. The company supports products such as Ethos
Water, which brings clean water to the more than 1 billion
people who do not have access. To date, Ethos Water has
committed to grants totaling more than $6.2 million.
 AN K
TH U
YO