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Transcript of Main Presentation 5020
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Questions
Case Study
Ethical
Theories
CSR
Conclusion
Research Questions
CSR Case Study: Construction Industry
CSR and Drivers of Compliance
Ethical theories : Utilitarianism
Recommendations and Future Research
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Questions
Case Study
CSR
Ethical
Theories
Conclusion
Questions To identify:
What steps have been taken in the Australianconstruction industry to incorporate CSR
practices?
What are the drivers of CSR and the ethical
theories underpinning it for Australian
corporations?
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Questions
Case Study
CSR
EthicalTheories
Conclusion
Case Study
What steps have been taken in the Australian
construction industry to incorporate CSR practices?
It has been suggested that it is important for firms to
be socially accepted in order to achieve best practice
(Ghazali, 2007).
The construction industry in Australia has been
targeted by environmentalists and governments to
more effectively manage its environment (Teo and
Loosemore, 2003, Petrovic-Lazarevic, 2007).
Based on a 2006 study, it was found that 77% of
the approached corporations had changed their
corporate governance structure to one that is more
oriented towards a healthy working environment
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Questions
Case Study
CSR
EthicalTheories
Conclusion
Case Study
What steps have been taken in the Australian
construction industry to incorporate CSR practices?
One important measure of CSR that
corporations in the construction industry have
taken is the application of ISO 14000 (Zobel,
2007) that incorporates ISO 14001 EMS, and
OHS measures.
EMS increases credibility and communication
with stakeholders such as government
agencies, community groups and investors.
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Questions
Case Study
CRS
EthicalTheories
Conclusion
CSR
No universally accepted definition of CSR is
available (Overland, 2007)
Corporations and Markets AdvisoryCommittee definition:- It identifies that a corporation is acting in a socially responsible
manner if it: operates in an open and accountable manner, uses its
resources for productive ends, complies with relevant regulatory
requirements and acknowledges and takes responsibility for the
consequences of its actions (CAMAC, 2006)
Core Principles:
Accountability
Responsibility to stakeholders
Environmental and social sustainability
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Principles of corporate social
responsibility
Institutional Principle: Legitimacy
Organisational Principle: Public responsibility
Individual Principle: Managerial discretion
Processes of corporate socialresponsiveness
Environmental Assessment
Stakeholder Management
Issues Management
Outcomes of corporatebehaviour
Social Impacts
Social Programs
Social Policies
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Questions
Case Study
CRS
EthicalTheories
Conclusion
CSR
Economical pressures
Future company prosperity
Interest in enhancing future trading
performance
Long term goals
Societal pressures
Developing good corporate image
Developing corporate citizenship
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Legislative pressure
± The Corporations Act 2001 (Cth)
Section 1013D(1)(l)
± ³if a product has an investment component ± the extent towhich labour standards or environmental, social or ethical
considerations are taken into account in the selection,
retention or realisation of the investment´
Section 299(1)(f)
± ³if the entity¶s operations are subject to any particular and significant environmental regulation under a law of the
Commonwealth or of a State or Territory--give details of
the entity's performance in relation to environmental
regulation´
Questions
Case Study
CRS
EthicalTheories
Conclusion
CSR
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Multinational corporations in particular, are considered as
harbingers of overconsumption.
There is a need to improve OHS with subcontractors, union,
and government, as well as improving relationships with
the local community, mostly in regards to environmental
protection.
It is also essential for the CI to identify the outcomes for
the greatest good for their stakeholders in the long-term.
Further research concerning the criteria of what constitutes
a socially responsible business, particularly as it pertains to
the CI.
Questions
Case Study
CSR
EthicalTheories
ConclusionConclusion
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References
Anderson, H., Gumley, W. (2008) Corporate social responsibility: Legislative options for protecting
employees and the environment, Adelaide Law Review , 29(1), 29-77.
Anderson, H., Landau, I. (2006) Corporate social responsibility in Australia: A review, Corpor ate Law and
Accountability Resear ch Group W ork ing Pa per No 4 Monash University (October).
Best, A.L. (2010). Beyond Sustainability Narratives: justice and complex systems thinking for justsustainable viability. UMI.
Cole, T.R. (2003) Final Report of the Royal Commission into the Building and Construction Industry,
ReformOccupational Health and Safety, Vol. 6, Commonwealth of Australia, Canberra.
Corporations and Markets Advisory Committee [CAMAC] (2006) T he social r es ponsibility of corpor ati ons.
Retrieved fromhttp://www.camac.gov.au/camac/camac.nsf/byHeadline/PDFFinal+Reports+2006/$file/CSR_Report.pdf
Crane, A. & Matten, D. (2007) Business Ethics (2nd edition). Oxford: Oxford University Press, pp. 86-122.
Davis, J. (1991). Greening Business: Managing for Sustainable Devel opment , Blackwell, Oxford.
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DesJardins, J. (1998). Corporate environmental responsibility. Jour nal of Business Ethics; Jun 1998; 17, 8;pg. 825.
Durham, B. (2002)Workplace health and safety in the building and construction industry. Discussion Paper6, Royal Commission into the Building and Construction Industry.
Fishcher, K. and Schot, J. (1993). Environmental Strategies for Industry: international perspectives onresearch needs and policy implications. Washington: Island Press
Ghazali, N.A.M. (2007) Ownership structure and corporate social responsibility disclosure: some Malaysianevidence. Corpor ate Gover nance, 7(3), 25266.
Health Workforce Advisory Committee (2006) Nati onal Guidelines for the Promoti on of Healthy W ork ingEnvi ronments, Ministry of Health, Wellington.
Horrigan, B. (2007) 21st Century corporate social responsibility trends An emerging comparative body of
law and regulation on corporate responsibility, governance and sustainability, Macquar ie Jour nal of Business Law , 4, 85-122
Hussain, S. (1999). The ethics of Going Green: the corporate social responsibility debate. BusinessSt r ategy and the Envi ronment; Jul/Aug 1999; 8, 4; pg. 203.
References
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