NEW ADVANCE IN BUSINESS

School: American School of Business           Price: $10.00 USD

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Essay on NEW ADVANCE IN BUSINESS.

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American School of Business
Running head: NEW ADVANCE IN BUSINESSTO:FROM:DATE:SUBJECT:According to Idowu and Leal (2008), Corporate Social Responsibility (CSR) is amanagement concept whereby, businesses behave ethically so as to integrate social, economicand environmental concerns in their operations while interacting with their stakeholders. As aresult, it improves the quality of life of the workforce, community and the society. CSR conceptis mainly a voluntary contribution from an organization so as to attain a clean environment and abetter a society thus attaining sustainability.The UK is one of the world leaders who have contributed in the development andimplementation of CSR over the years. In 1999, the UK parliament amended the 1995 PensionAct whereby, the act required all organizations to put consideration on social, environmental andethical behavior factors in their investments. In addition, a Minister for CSR was appointed, in2000, within the department of Trade and Industry. Moreover, the government promoted debateon CSR by launching a CSR-dedicated website (www.societyandbusiness.gov.uk). In June 2003,the UK government further promoted CSR with the introduction of the UK Corporate
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