ACC3200 Study Guide - Final Guide: Corporate Social Responsibility, Triple Frontier, Intergenerational Equity
8 Aug 2018
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Measuring a business" performance in terms of their sustainability and suggesting ways to improve. Definition = development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Intergenerational equity = this generation and future generations can enjoy the same standard of life. Intragenerational equity = all countries and societies in this generation can enjoy the same standard of life (eg. Au vs africa and upper class vs lower class) Corporate social responsibility (csr) involves organisations taking into account the social and environmental impact of corporate activity when making decisions. Many stakeholders can put pressure on a business to improve its social or environmental performance. Want to work for an organisation that cares for the environment and community. If one intermediary along the supply chain demands sustainable practices, all preceding suppliers will have adopted sustainable practices. Preferred supplier may be given to those who demonstrates environmental and social performance.
