corporate social responsibility strategy pdf
The 2013 consultations on the Governments Extractive Sector Strategy also fed into the CSR Strategy review, as many submissions related to the CSR Strategy. Key elements of the enhanced CSR strategy include: The Government would like to thank the many extractive sector stakeholders and Civil Society Groups, particularly the Executive Committee of the Centre for Excellence in CSR, and members of the public for their valuable contributions to the review of the CSR Strategy. << /Rect [ 17.01000 744.69000 81.07000 736.69000 ] >> /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] ET /Resources << /Subtype /Link << Trade Commissioners are well-placed to share information on what works and what doesnt in a given country. /A << TCS officers at Canadian missions around the world promote Canadian industry, and can help Canadian client companies by providing local contacts, helping to solve problems, and assisting with market preparation and assessment. >> /Border [ 0 0 0 ] This means that companies should understand the impact of each of their functions on the surrounding economy, community and environment, and adjust their activities and operations to create value for themselves and for other stakeholders. /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] These provisions suggest that signatory countries encourage enterprises operating within their territories to voluntarily incorporate internationally recognized CSR standards into their practices and internal policies, in areas such as labour, the environment, human rights, community relations, and anti-corruption. 435.79000 14.17000 Td 8 0 obj Corporate Social Responsibility Assessment Methodologies 3.1. xYl+4e1$c*qw%ql-1 f- >> << /Font << 1. /Length 1722 Q ET It also recognizes that the guidance needed by exploration, mining, and oil and gas firms may differ. >> /Border [ 0 0 0 ] >> >> /Border [ 0 0 0 ] When these efforts have not succeeded or are not appropriate or if the CSR Counsellor determines that a situation would benefit from formal mediation, the Counsellor will encourage and help parties to refer issues to the NCP. It is important to Canada that our extractive sector operate abroad in a manner that brings lasting prosperity for Canadians, and for those living in the areas in which our companies are active. >> /Subtype /Link In the year 1946, the Fortune released a story that said the owners of businesses were /Type /Annot /Type /Annot Companies are expected to align with widely recognized CSR-related guidance and will be recognized by the CSR Counsellor`s Office as eligible for enhanced Government of Canada economic diplomacy. /Rect [ 17.01000 744.69000 81.07000 736.69000 ] For these reasons, the Government of Canada has been engaged in the development and advancement of key international CSR standards, and has also been working with international partners to encourage standardized CSR reporting. /Font << >> q One such example is through local procurement, whereby Canadian companies operating in foreign countries choose to buy appropriate products from host country sources. Missions will also increasingly be able to provide contacts to assist in establishing partnerships between companies and development organizations, enabling companies to gain valuable expertise and information in areas such as community relations and building local capabilities. /F1 55 0 R >> << >> /Type /Page Our work with the EITI forms part of Canadas support to the global fight against corruption. /Contents 214 0 R /Annots [ << >> /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] >> /Filter /FlateDecode << /I1 53 0 R /I1 53 0 R Q /Rect [ 17.01000 21.01000 191.50000 13.01000 ] /Border [ 0 0 0 ] /S /URI If this is not possible, companies may wish to reconsider their investment. >> As global knowledge about CSR evolves, the Government will continue to develop and share material that captures best practices resulting from practical experience in areas such as stakeholder engagement, human rights due diligence, conflict-sensitive business practices, and transparent, non-corrupt practices. /S /URI >> ] Written by an international team of experts, it guides students through key themes in The CSR actions cannot be measured by any single best approach (Wolfe and Aupperle, 1991). The review was conducted over several months by Canadas Department of Foreign Affairs, Trade and Development (DFATD) and Natural Resources Canada (NRCan), with partners across government. /pdfrw_0 205 0 R >> << /Resources << 0000001262 00000 n >> /Rect [ 17.01000 744.69000 81.07000 736.69000 ] WebInternational Journal of Corporate Social Responsibility 2022 7 :1 Original Article Published on: 17 January 2022 Full Text PDF Management control systems in response to social and environmental risk in large Nordic companies This empirical study investigates the relationships between management control systems and social and environmental /A << 0000002618 00000 n /Rect [ 17.01000 21.01000 191.50000 13.01000 ] /Parent 1 0 R >> << =;Ny Bs +&xFRF+ I9QL MtiI'YtF_d^DiB+?I,gEieML+be98f 73 0 obj <>stream These are the Office of the Extractive Sector CSR Counsellor, and the Canadian National Contact Point for the OECD Guidelines for MNEs (NCP). WebCorporate social responsibility is currently taking the world of business by storm. 6 0 obj Corporate social responsibility. /Rect [ 17.01000 21.01000 191.50000 13.01000 ] 1 1 1 RG /Parent 1 0 R /S /URI /Contents 184 0 R The review was conducted over several months by Canadas Department of Foreign Affairs, Trade and Development (DFATD) and Natural Resources Canada (NRCan), with partners across government. endobj /Type /Annot >> /XObject << 0000004246 00000 n /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] /URI (www\056cambridge\056org\0579781107114876) 0000002096 00000 n /URI (www\056cambridge\056org) /Subtype /Link /A << WebAuthor: Peter McManners Publisher: Routledge Format: PDF, ePub Release: 2016-05-13 Language: en More --> A corporate audience familiar with strategy books will relate to this book, but will find it steers them towards radically new strategic thinking suitable for a turbulent period of transition. >> /Type /Annot s~7wz_l]4-6q)89Z *9IIDmi6,zc The Review Process will operate more closely with Canadas NCP for the OECD Guidelines for Multinational Enterprises to ensure coherence. >> /Contents 137 0 R /Border [ 0 0 0 ] Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. analysis, some suggestions are given to speed up the sustainable growth. /XObject << >> /Contents 147 0 R /S /URI >> /URI (www\056cambridge\056org) /URI (www\056cambridge\056org\0579781107114876) /MediaBox [ 0 0 535 835.65000 ] /Font << /Border [ 0 0 0 ] >> 31 0 obj It also outlines the Governments initiatives to help Canadian companies strengthen their CSR practices and maximize the benefits their investments can provide to those in host countries. endobj MindTree is focusing mainly on technologies like Big, Data, Mobility, and Cloud computing. These helped craft a stronger Strategy for 2014. It has acquired a number of companies off late 2010 in, modern technology, for example, Magnet360 in the field of Sales force consulting and it also, acquired Bluefin and Relational Solution in 2015 with the revenue of Rs 4689.6 Crores and the profit, of Rs 603.3 Crores in the business. The latest trend in corporate social responsibility, evident also in Asia, is for corporations to apply When searching for the term corporate social responsibility, the popular search engine JSTOR generated nearly 100,000 citations. >> /Type /Annot /Type /Annot /I1 53 0 R /Type /Page /Parent 1 0 R /Parent 1 0 R >> << /Border [ 0 0 0 ] /URI (www\056cambridge\056org) Partnerships across stakeholder groups increase knowledge and awareness and help all actors make informed decisions. MindTree is one of the fastest growing Information Technology companies in India. /XObject << /S /URI /Border [ 0 0 0 ] 0.06500 0.37100 0.64200 RG /Subtype /Link Balancing critiques of CSR with a /Type /Annot In 2013, over 50% of the worlds publically listed exploration and mining companies were headquartered in Canada. /S /URI CSR suggests that corporations embrace responsibilities toward a broader group of stakeholders (customers, employees and the community at large) in addition to their customary financial obligations to /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] >> /Rect [ 17.01000 744.69000 81.07000 736.69000 ] endstream endobj 31 0 obj <> endobj 32 0 obj <> endobj 33 0 obj <>stream /Contents 162 0 R /XObject << Environmental responsibility. WebThe paper also includes the companys innovation on sustainability. /Contents 127 0 R /Subtype /Link /Type /Annot /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] /Rect [ 17.01000 21.01000 191.50000 13.01000 ] >> /MediaBox [ 0 0 535 835.65000 ] /I1 53 0 R /Rect [ 17.01000 21.01000 191.50000 13.01000 ] Fwq/jPpp;,_ CQ'bHo$i>Txr1N'0U0CH@QBr0bt A69lbbmN15ovp$|JEI8#n&.5g~A^'%#? /Parent 1 0 R WebWith a comprehensive strategy and consistent compliance, we strive for greater sustainability. Experience has demonstrated that the effectiveness and credibility of these mechanisms requires a commitment by all parties to engage in constructive dialogue aimed at a mutually satisfactory resolution of the issues involved. /Annots [ << Over. WebCorporate social responsibility, business strategy, and the environment Forest L. Reinhardt* and Robert N. Stavins** Abstract We examine the concept offirms sacrificing /Rect [ 17.01000 21.01000 191.50000 13.01000 ] /Parent 1 0 R Trade Commissioners will play a proactive role in this regard as an integral part of their service to Canadian companies. The wide range of the Governments efforts aimed at helping Canadian extractive sector companies improve their awareness and integration of CSR guidance into their practices can be grouped into the following sets of activities: In addition, Canada undertakes or participates in a broad range of activities whose direct purpose is not to improve private sector CSR practices but which nonetheless affect how well a companys CSR efforts achieve desired positive outcomes, both internally and for the surrounding area. /Type /Annot Today many organizations are facing challenge of integration of CSR in business. >> ] << /Type /Annot /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] /Parent 1 0 R /Contents 189 0 R >> The CFPOA implements Canadas international obligations under the OECD on Combatting Bribery of Foreign Public Officials in International Business Transactions (OECD Anti-Bribery Convention) and makes it a criminal offence in Canada for persons or companies to bribe foreign public officials in the course of international business. A CSR report is a formal document that assesses how a companys operations affect the world around them. WebCorporate Social Responsibility Strategy, Communication, Governance This upper-level textbook offers an original and up-to-date introduction to issues in corporate social /Annots [ << /Type /Page /S /URI /Rect [ 17.01000 21.01000 191.50000 13.01000 ] Corporate social responsibility is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility. 21 0 obj /Subtype /Link 17.01000 749.63000 Td Canadian Trade Commissioners can provide contacts and advice related to identifying, managing and mitigating environmental and social risks, including those related to human rights. Also, Industry Canada has the CSR Implementation Guide for Canadian Business. However, firms that cannot demonstrate the alignment of their practices with widely-accepted CSR-related standards and guidance will find access to capital increasingly limited. Recognizing that the greatest mutual benefits arise from the constructive engagement of all relevant stakeholders, the Government is stepping up efforts to support engagement between companies and communities, including at the exploration stage. >> With this in mind, Canada remains committed to working with international partners and a variety of organisations, including the Centre for Excellence in CSR, industry associations, educational institutions, civil society groups, and sector-relevant initiatives, to promote information-sharing on best practices and the development and dissemination of practical, innovative guidance to improve CSR performance. /Rect [ 17.01000 21.01000 191.50000 13.01000 ] By doing so, companies can manage risks more efficiently and effectively; foster good relations with investment partners, employees, and surrounding communities; increase access to capital; and improve their reputation. The TCS can assist extractive sector companies that are part of the Canadian business community, are actively contributing to Canadas economic growth, have a demonstrated capacity for internationalization, and have strong potential to add value to the Canadian economy. WebIn recent decades, the novel fact of considering corporate social responsibility (CSR) as part of the corporate strategy of companies has resulted in interest groups demanding the disclosure of such information. It should be noted that these Canadian mechanisms are not meant to replace local processes, nor do they preclude the use of court systems, either locally or in Canada, to seek legal restitution. /XObject << 2, No. Having these firms recognize the need to integrate CSR into their activities will help them establish good stakeholder relations, and may make their projects more attractive to investors. >> ] endobj /I1 53 0 R The purpose of the study is to investigate the internal drivers and external determinants of corporate social responsibility (CSR) strategies practiced by multinational enterprises (MNEs) using institutional theory and the resource-based view. 3. <004d006f0072006500200049006e0066006f0072006d006100740069006f006e> Tj Going forward, this role will include strengthened guidance on developing meaningful, effective dialogue between companies and communities. /Rect [ 17.01000 21.01000 191.50000 13.01000 ] >> /Type /Annot << S /S /URI This helps create a positive climate for responsible investment, and improves the potential for the success of, and lasting local benefits from, Canadian extractive sector investments abroad. >> The CSR Counsellor will also build on the work conducted at missions abroad by refocusing efforts on working to prevent, identify and resolve disputes in their early stages; In situations where parties to a dispute would benefit from formal mediation, the CSR Counsellor will encourage them to refer their issue to Canadas National Contact Point (NCP), the robust and proven dispute resolution mechanism, guided by the OECD Guidelines for Multinational Enterprises on responsible business conduct, and active in 46 countries; Companies are expected to align with CSR guidelines and will be recognized by the CSR Counsellors Office as eligible for enhanced Government of Canada economic diplomacy. /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] BT These ever-present challenges demonstrate the ongoing need for a CSR Strategy focused on the extractive sector. 17.01000 13.90000 174.50000 -0.39000 re WebCorporate Social Responsibility Strategy Author: Marine Management Organisation Subject: Corporate social responsibility Keywords: corporate social responsibility /Border [ 0 0 0 ] /S /URI << /I1 53 0 R /Border [ 0 0 0 ] /Annots [ << >> ] /URI (www\056cambridge\056org\0579781107114876) 14 0 obj The Offices non-judicial Review Process, designed to bring companies and project-affected stakeholders together to resolve differences, will be offered to parties at early stages of a dispute, as part of the Governments efforts to help companies and communities resolve issues before they escalate. >> Canada is strengthening its commitment to enhance the ability of Canadian extractive sector companies to integrate CSR into their practices through a renewed Strategy, building on experience gained since 2009. /I1 53 0 R >> << /Border [ 0 0 0 ] With regional offices across Canada and diplomatic missions in more than 100 countries around the world, the Government is well positioned to assist Canadian companies abroad. 0.06500 0.37100 0.64200 rg Both these mechanisms are designed to facilitate dialogue between companies and communities, and Canada will further align their dialogue facilitation functions. >> << >> /Annots [ << May theydo so /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] /pdfrw_0 110 0 R You can download the paper by clicking the button above. /Type /Annot /Contents 69 0 R In this paper, we have, analysed the business strategy of MindTree by studying its operational level and business, level strategies including operational strategy, services strategy, technology adoption, strategy, HR strategies, financial strategies, marketing strategy, and new product, development strategies. /ExtGState 33 0 R /FormType 1 /A << >> Contacts such as these can provide companies with more fulsome market assessments on which to base their decisions and mitigation measures. /Type /Page BT /Type /Page /XObject << << /Font << /Parent 1 0 R /S /URI AN ASSESSMENT OF THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON THE STRATEGIC INTENT AT STANDARD CHARTERED BANK KENYA LIMITED, Corporate Social Responsability as a Factor of Competitiveness in Croatian Companies, Developing a Social Responsibility Strategy, Corporate Social Responsibility: A Review on Definitions, Core Characteristics and Theoretical Perspectives, CORPORATE SOCIAL RESPONSIBILITY PRACTICES IN INDIA: DIMENSIONS AND CHALLENGES WITH SPECIAL REFERENCE TO TELANGANA STATE, THE STAKEHOLDER APPROACH IN CORPORATE SOCIAL RESPONSIBILITY. Many investors are already taking CSR considerations into account in their investment choices. /S /URI Canadas efforts to promote CSR are advanced at the bilateral level by the inclusion of voluntary provisions for CSR in all Foreign Investment Promotion and Protection Agreements and Free Trade Agreements signed since 2010. Helping companies and communities rebuild relationships where trust has been lost or never truly established is important secure the benefits of extractive sector investment in the host country. This initiative aims to strengthen governance by improving transparency and accountability in the extractives sector. Canada strongly encourages participation by companies and project-affected stakeholders in the most relevant mechanism as the situation merits. Canadian companies have significant experience related to what works, and what doesnt, in implementing CSR in the extractive sector. /Border [ 0 0 0 ] 32 0 obj /S /URI /Font << First, it offers advice and guidance for all stakeholders on implementing CSR performance guidelines. WebRAPP, HRD & Administration Manager, Accounting & Finance 3.1 Constituency development strategy Manager, Corporate Social Responsibility Forum, Provincial Legislatives Council Pelalawan Regency, Riau Malay A regional development strategy is a long-term approach Customary Institution This company was selected as the designed to <00a900200069006e00200074006800690073002000770065006200200073006500720076006900630065002000430061006d00620072006900640067006500200055006e00690076006500720073006900740079002000500072006500730073> Tj /Annots [ << The Government recognizes that positive impacts from extractive sector activity in host countries are not automatically realized. It is based on an extensive review of corporate governance literature, PDF Board Diversity and Corporate Social Responsibility: Empirical Evidence from France /Annots [ << It has the presence across the world & K Natarajan is the present. Stakeholders expect some more from businesses organization than merely pursuing growth and profitability. Beyond the typical business contacts, Canadian Trade Commissioners in South America and West Africa have helped build networks and engagement between extractive sector companies and civil society groups. Welcome to Possible, MindTree serves various industries like Banking, Capital Markets, Founded in 1999 the company employs roughly 16,500 IT professionals with annual revenue, of $780million. /Rect [ 17.01000 21.01000 191.50000 13.01000 ] /Subtype /Link /S /URI /Type /Annot One of the fundamental ideas of ISO 26000 is that of corporate social responsibility. 24 0 obj /URI (www\056cambridge\056org\0579781107114876) /Subtype /Link q /URI (www\056cambridge\056org\0579781107114876) /Subtype /Link The companys bottomless proficiency in. Webbusiness strategy and needs. /Border [ 0 0 0 ] /A << >> << /Parent 1 0 R >> 17.01000 782.23000 Td /Subtype /Link >> /Type /Annot 2 0 obj The paper also includes the companys innovation on sustainability, through green strategy and corporate social responsibility strategy. /S /URI S Specifically, as outlined later in this document, in cases where formal mediation is required the Parties will be referred to the National Contact Point. ET /URI (www\056cambridge\056org\0579781107114876) >> /Border [ 0 0 0 ] /Contents 117 0 R Canada has two dialogue facilitation mechanisms for helping communities and Canadian extractive sector companies resolve differences. >> Keywords: Corporate social responsibilities, important, resistance, advantages, disadvantages /Rect [ 17.01000 21.01000 191.50000 13.01000 ] /Border [ 0 0 0 ] /Resources << /XObject << BT >> >> CEO of MindTree. Participation in a Model Forest offers extractive companies an opportunity to become part of transparent and lasting relationships with local communities and governments, and to contribute to sustainable local economic development and conservation efforts. While theapproach is distinct from the CSR Strategy, the two are well aligned. What Are the Four Basic Approaches to Social Responsibility?Obstructive. A company that takes an obstructive stance toward social responsibility attempts to defend its economic priorities by blocking any attempts to point out the company's lack of social Defensive. In most cases, companies that take a defensive stance towards social responsibility are not particularly responsible.Accommodating. Proactive. /Rect [ 17.01000 21.01000 191.50000 13.01000 ] >> >> /Annots [ << /MediaBox [ 0 0 535 835.65000 ] /Type /Annot Review findings indicated that the CSR Strategy has played a valuable role in focusing the Governments efforts related to encouraging CSR among Canadian extractive sector companies operating abroad. /Rect [ 17.01000 21.01000 191.50000 13.01000 ] f >> Q /MediaBox [ 0 0 535 835.65000 ] Q /XObject << Canada recognizes that improving countries resource governance is not only critical to ensuring that the extractive sector contributes to poverty reduction, it also creates a business and investment environment conducive to responsible corporate conduct in countries where Canadian companies operate. /F1 55 0 R /URI (www\056cambridge\056org) /Type /Annot Canadas diplomatic missions abroad actively promote awareness and understanding of the importance of responsible business practices. Canada will bolster support to early detection and resolution of problems before they escalate into more serious situations. /Contents 194 0 R /S /URI /Subtype /Link 5 0 obj >> ] /F1 55 0 R /A << /F1 55 0 R /URI (www\056cambridge\056org) >> /MediaBox [ 0 0 535 835.65000 ] >> /Subtype /Link /pdfrw_0 148 0 R /Subtype /Link >> /Border [ 0 0 0 ] >> /Type /Annot >> << /Contents 204 0 R /Border [ 0 0 0 ] In any given country there may be initiatives in health, education, local economic growth, or others (such as the IMFN, highlighted in the text box), which can benefit from extractive sector support, and which offer opportunities for extractive sector companies to add social value through their operations. /MediaBox [ 0 0 535 835.65000 ] Keywords: sustainability, corporate social responsibility, strategy, differentiation, imitation, common actions, unique actions, industry convergence /URI (www\056cambridge\056org\0579781107114876) /I1 53 0 R /MediaBox [ 0 0 535 835.65000 ] /Rect [ 17.01000 21.01000 191.50000 13.01000 ] /Contents 132 0 R Our ambition: By acting in an economically, environmentally, and socially responsible manner, we want to improve peoples quality of life and safeguard the livelihoods of present and future generations. 1. Viewed together, the Governments actions provide a foundation for extractive sector companies, including developers, to go above and beyond legal requirements and reflect Canadian values in their work abroad through their implementation of CSR. /Length 13 /S /URI /Subtype /Link Keywords: MindTree, Case study, Welcome to possible, Business strategy of IT Company. /ProcSet [ /Text /PDF /ImageI /ImageC /ImageB ] To meet Canadas 2013 G8 commitments, on October 23, 2014, the Government introduced the Extractive Sector Transparency Measures Act (ESTMA) into Parliament. /Border [ 0 0 0 ] /Resources << ET 141.73000 793.13000 m /Type /Annot /F1 55 0 R /XObject << /S /URI >> << Webmodern practice of corporate social responsibility (CSR). WebTrasporti Internazionali e Servizi Logistici | Savino Del Bene Cooperation with stakeholders will continue to be important for the successful implementation of Canadas CSR Strategy. Over the first five years of the CSR Strategy, Canadian officers abroad organized or contributed to over 250 CSR-related initiatives. /Subtype /Link 27 0 obj Q Highlights of Enhanced CSR Strategy (English PDF - 301 KB | En espaol - PDF 44 KB)Enhanced CSR Strategy (English PDF - 528 KB | En espaol - PDF 168 KB), Canadas enhanced Corporate Social Responsibility (CSR) Strategy, Doing Business the Canadian Way: A Strategy to Advance Corporate Social Responsibility in Canadas Extractive Sector Abroad builds on experience and best practices gained since the 2009 launch of Canadas first CSR strategy, Building the Canadian Advantage: A Corporate Social Responsibility Strategy for the Canadian Extractive Sector Abroad.. This process will ensure that local communities reap the benefits of responsible resource development, both directly and indirectly. >> Under the enhanced Strategy, trade commissioners will bolster their capacity to identify local procurement opportunities and help Canadian companies work with communities to take advantage of them. /Type /Page << 18 0 obj The mandate of the Office will continue to relate exclusively to the activities of Canadian extractive sector companies operating abroad. q /Type /Page /Rect [ 17.01000 21.01000 191.50000 13.01000 ] Canada seeks a well-regarded and globally competitive sector, but also wishes to broaden the local development benefits that extractive sector investment can bring to a community and country. It includes building and modernizing governance regimes to ensure that natural resources are managed in a technically and environmentally sound manner. The UN Guiding Principles on Business and Human Rights recognize the importance of making a range of dispute resolution mechanisms available, in particular non-judicial grievance mechanisms, to bring parties together to find mutually-beneficial solutions. The six core characteristics of CSR follows as the features which shows how CSR is represented with different initiatives and processes ranging from voluntary activities, managing external factors, stakeholder management, alignment of social and economic responsibilities, considering practices and values and finally extending CSR activities beyond philanthropy to instrumentality. /Border [ 0 0 0 ] >> /MediaBox [ 0 0 535 835.65000 ] It has its, main operation in India and has major markets in United States and Europe. Furthermore, such a designation will be taken into account in the CSR-related evaluation and due diligence conducted by the Government of Canadas financing crown corporation, Export Development Canada (EDC), in its consideration of the availability of financing or other support. This upper-level textbook offers an original and up-to-date introduction to issues in corporate social responsibility (CSR) from a global perspective. << It is a way of doing business that not only contributes to success abroad but also reflects Canadian values and reinforces Canadian leadership in responsible business practices. /S /URI This role will be strengthened, particularly to provide guidance on developing meaningful, effective dialogue between companies and communities, and will be brought to bear in situations where such guidance can be used for early detection and resolution of issues. >> /Subtype /Link /URI (www\056cambridge\056org) /Rect [ 17.01000 744.69000 81.07000 736.69000 ] The understanding of the objective of business organization, CSR strategy, organization responsibility to stakeholders, principles of CSR becomes very vital and models for institutionalizing CSR. 1, May 2018, Business Strategy of Top Indian IT Company: MindTree. We propose that MNEs local business orientations and political behaviors are highly related /Annots [ << /A << 9 0 obj 333 0 obj <> endobj /Rect [ 17.01000 744.69000 81.07000 736.69000 ] %PDF-1.5 % >> The enhanced Strategy, announced on November 14, 2014, clearly demonstrates the Government of Canadas expectation that Canadian companies will promote Canadian values and operate abroad with the highest ethical standards. ET If local processes are unavailable or have not succeeded, guidance on Canadian and international mechanisms will be made available to relevant parties. >> 0000002841 00000 n To address this, Canadas enhanced CSR Strategy identifies a number of areas where the Government of Canada will strengthen its efforts to assist Canadian extractive sector companies operating abroad in integrating CSR into their operations. endobj 25 0 obj The report can cover economic, environmental, and/or social impacts, depending on what the company does. /URI (www\056cambridge\056org) /F1 55 0 R /F1 55 0 R There are dozens and dozens of books focusing on the many different aspects of CSR and/or its impact, such as The Rise and Fall of Corporate Social /Parent 1 0 R /Type /Page /Type /Annot A number of pension funds have formed coalitions around issues such as climate change in order to pressure companies, including those in the extractive sector, to report on related risks to their operations and performance. 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