This weeks lecture really grabbed my attention because I had no idea the time and effort that companies go to in preparing these CSR reports. However if i learned one thing from this weeks lecture it was that we have to take a step back before we accept what these companies say they do for their CSR as Gospel truth. One must think that some of these companies may spend making up the reports than they do actually doing any good in the community.
CSR is defined as “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”. This is a great idea and if all business both big and small worked to try and fullfill this definition then without a doubt the world would definatly be a better world. In my opinion there should a regulator put in place to stop big companies lying in their CSR reoports about all the good work that they apaerently do and also the actual good work that companies do should be rewarded by tax breks or free publicity etc etc.
How many inchs of newspaper articles are filled with gossip about the goings on in Hollywood and all these places. In my opinion journalists should try and look into companies CSR reports and thus giving knowledge to the public about companies who work well for the community or badly. By doing this it will encourage companies to get good free publicity by doing good work in the community and this will also benefit the community.
CSR is a great idea as it encourages companies to give sometghing back to the community however to many companies are lying about there CSR and this is taking away from the actual good work being done by some companies. A stop must be put to this. In my opinion a company with good CSR will also be sustainable in the future.
