Finance as a Driver of Corporate Social Responsibility

Abstract

In order to operate effectively in a continuously changing and frequently turbulent markets, companies must account for the needs and expectations of both their management and lower-ranking employees. To that end, it is essential that business organizations identify ways to adopt changes that will guarantee their success. One way to improve the market position of a company is to employ the principles of corporate social responsibility. A key requirements as well as a key area of such responsibility is occupational health and safety, whose guidelines fall within the scope of the overall practices enshrined in labor law. A prerequisite for the effective fulfillment of such requirements is to secure competent contractors who will undertake all measures associated with this field. The article notes the issue and examines it against the standards set forth in ISO 26000. The author demonstrates the need to acquire competences that will enable the concerned company to ensure the safe performance of work and the fulfillment of occupational health and safety requirements in conformity with the principles of corporate social responsibility. Only by embracing the rules of CSR under such an approach will a business be able to achieve the desired outcomes.

Financing energy transformation: The role of renewable energy equity indices

“…The indices themselves play no direct role in the take-off of companies that somehow engage with solutions targeted at making the energy system more sustainable. This is rooted in the nature of the markets, namely being secondary financial asset markets (Scholtens 2006). These markets are about the exchange of existing assets: The buy of an assets by one investor is the sale of this asset by another investor.…”

“…However, upscaling these projects faces several challenges, among which financial (Beerman and Tews 2016;van der Schoor and Scholtens 2015). In this respect, institutional investors might play a role (Scholtens 2006) and they will want to assess the renewable energy investments from a portfolio perspective. However, they mainly invest in tradeable assets and do only to a very limited extent engage with directly financing renewable energy projects as a consequence of their financial imperative in relation to risk management.…”

La valeur apportée par un réseau social brick and mortar les points passerelle du crédit agricole

“…Cette notion pourrait être associée à celle de responsabilité sociale des entreprises (SCHOLTEN 2006 ;WEAVER et al, 1999) Si une banque mutualiste cultive les valeurs de la solidarité, elle se doit dès lors d'aider ses clients dans les moments difficiles et pas seulement être présente dans les bons moments. D'une part, cela correspond à une performance sociale des entreprises et, d'autre part, cela permet une réduction des coûts opérationnels associés à la gestion des litiges générés par une prise en charge trop tardive des problèmes.…”

CSR and indirect impacts of core business products/services of financial services institutions

“…It is argued that financial services institutions (FSIs) are in a relatively powerful position to encourage CSR adoption and/or discourage anti-CSR activities by their clients, and so can provide overall benefits to society (Scholtens, 2006;Thompson and Cowton, 2004). According to Deepak (2014), CSR needed to be integrated into the core business process.…”

“…According to Deepak (2014), CSR needed to be integrated into the core business process. Through their core business products/services, or indirectly through the activities of their clients, it is claimed that FSIs are powerful and influential and as such can have an enormous economic, social and environmental impact (Jeucken and Bouma, 2001;Scholtens, 2006). FSIs are important business organisations that perform an intermediary function in society that is a central feature in modern capitalism (Cowton, 2002;Scholtens, 2006).…”