MGMT 1040 Lecture Notes - Lecture 9: Corporate Social Responsibility, Global Financial System, Kpmg
15 Dec 2017
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Document Summary
The term sustainability or corporate social responsibility has grown increasingly prevalent in corporate boardrooms and on executive agendas. In a study of 766 ceos worldwide, kpmg concluded. That sustainability is truly top-of-mind for ceos around the world i. Growing pressure to respond to issues of climate change, the financial crisis, environmental degradation, and increasing social inequality have precipitated the diffusion of sustainability in internal business text, company websites, ceo speeches, and company reportingii. In response, ceos regularly tout their efforts to embed or weave sustainability into their operations and culture as the ultimate commitmentv while scholars and practitioners have offered a number of prescriptions to achieve this objectivevi. Yet despite the prevalence of sustainability and corporate social responsibility, there is tremendous variation in how companies have responded. Part of this variation can be explained by the lack of standardized definitions available, leaving the movement open to various managerial interpretations that influence the type of responses by a given firm.
