A nonher factor that has helped make CSR what it is today is the elaborateness of boundaries of corporate accountability. Businesses are not only accountable for their testify practices, but of the practices of their partners throughout the entire value chain with a special focus on supplier environmental, labor, and human rights practices (Overview, 4).
A big factor that has shaped business ethics is the overbold increased demands for transparency and reporting.
Companies are being pressured to measure, report and perpetually improve their social, environmental and economic performance (Overview, 5). Access to a companys information on impacts of their operations, is expected to be provided by stakeholders and regulatory agencies. This is so stakeholders can engage in meaningful dialogue about issues of concern that are relevant to either party and to be responsive to concerns that are not covered in standard reporting and communication practice (Overview, 5). Today, whether the information is negative or positive, many companies are adding much detail about their social and environmental performances in their reports and humanity websites (Overview, 5).
External Standards also helped shape CSRs substantial harvest-tide in recent years. These standards...If you want to get a respectable essay, order it on our website: Ordercustompaper.com
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