The Scope of Corporate Social Responsibility

The scope of corporate social responsibility

Brummet (2003) has identified five possible areas in which corporate social objectives may be found:

(1) Net income contribution

(2) Human resource contribution

(3) Public contribution

(4) Environmental contribution

(5) Product or service contribution.

392 Accounting Theory and Practice

The term 'contribution' includes both benefits and costs associated with an organization's activities.

Implicit in this definition of the scope of corporate social responsibility are a variety of users having different purposes in using accounting information.


Next - Accounting As a Social Science in 2018

Read on: Government Action and Corporate Social Responsibility

Government Action and Corporate Social Responsibility

Such action may take three forms:

(a) Legislation which outlaws undesirable social activities. Many examples exist of public concern with undesirable features of business activity, and of legislation to suppress such activities. One early example in the United Kingdom was the legislation relating to child labour in the 19th century which was made illegal.

(b) Licensing systems may be employed to limit the extent of activities which are useful to society, but present a potential social problem. The licensing of lorries,... see: Government Action and Corporate Social Responsibility