Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 2000 words

Corporate kindly Responsibility - Essay ExampleRecommendations for the enhancement of the reports 3. Conclusion References Appendix Executive Summary The evaluation of the perspectives of groundbreaking geological formations within the global market is quite difficult. The increasing financial turbulences and neighborly conflicts worldwide have caused delays in the stabilization of firms moreover concerns often appear in attend to the potentials of a firm to face its competitors and win a stable growth. The corporate reports are used as sources for evaluating the current status of organizations but withal their potential performance in the future. Particular emphasis is given on the CSR reports, which indicate the efforts of firms for addressing their social and environmental responsibilities. These reports are likely to be used for the development of communication between organizations and their stakeholders. The review of the CSR reports of three organizations direct in dif ferent industries in UK proves the value of CSR reports for the improvement of organizational performance. It is also proved that each organization is likely to use different approaches for addressing its social and environmental obligations, as resulting by the principles and standards set by the germane(predicate) international organizations. 1. Introduction The response of organizations to their social and environmental responsibilities has been traditionally considered as a criterion for evaluating the potentials of these organizations to garner the markets requirements. In this context, Corporate Social Responsibility (CSR) has become a vital digress of organizational activities. The above fact is also highlighted in the literature published in the specific field. It should be let downd, though, that theorists and researchers have used different approaches in order to explain the importance of CSR within modern organizations. In accordance with Habisch (2005) the corporate responsibility should be considered as bulge out of the political and social tradition (Habisch 2005, p.38). Moreover, Boeger et al. (2008) note that CSR reports should take into consideration the local culture and ethics. Also, Mullerat et al. (2010) notes that CSR is commonly used as a tool for enhancing stockholder value (Mullerat 2010, p.130), a target that is characterized as of key importance for the success of organizational plans. On the other(a) hand, Idowu et al. (2008) note that the development of credible evaluations regarding the CSR initiatives of modern organizations freighter be achieved only by using eliminate standards and principles, as set by relevant international organizations. From another point of view, Anderson (1989) supports that the quality and the credibility of CSR reports can be checked effectively through appropriate organizational schemes, for instance the development of a social responsibilities audit (Anderson 1989, p.255). It should be also no ted that firms are likely to set different priorities in regard to their CSR plans, as indicated in the graphs presented in Figure 1 & Figure 2 (Appendix section). Current paper focuses on the review of the CSR reports of three firms operating in different industries within the British market the Wates Group, a sound known construction firm, the BAM Group, a firm operating in the field of international contracting, as part of the Royal BAM Group, a European construction enterprise (BAM 2011, About us) and E.on, a key competitor in the power generation industry of UK. The CSR reports