A Daunting New Challenge – Are Standards The Right Mechanism To Advance Corporate Social Responsibility?
- Topics:
- ISO Standards
- Tags:
- British Telecommunications,
- Quality,
- Management,
- Leadership,
- Corporate Social Responsibility,
- Corporate Law,
- Business Operations,
- Business Ethics,
- Business,
- Standards
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Overview: Corporate social responsibility is about the values and standards by which businesses operate. Mr. Clement K. Sankat, Chair of Trinidad and Tobago Bureau of Standards (TTBS), called it “the commitment of business to behave ethically, operate legally and contribute to economic development while improving the quality of life of its employees and their families, as well as the local community and society at large.” It affects every aspect of the business, from the source of the raw materials and how they are produced to what happens to the products and services. A document published in 2001 by BT (British Telecom) on “the economics of sustainable business” concluded that: “It is impossible to consider the economic dimension in isolation from the social or the environment.” To be exposed as greedy, insensitive, or uncaring is disastrous for business, often in the short term, but even more certainly in the longer term.
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Format: PDF | Size: 162KB | Date: Aug 2002 | Pages: 9
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