Willdan Mugar Nurochmad
2311011027
1. Explain the concept of Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) refers to a company's commitment to conduct its business in an ethical, socially responsible, and environmentally sustainable manner. It goes beyond profit-making to include the impact a company has on society and the environment. CSR initiatives can include philanthropy, ethical labor practices, environmental conservation, and community engagement.
2. Reasons why companies should engage in CSR and how they can do this
Reasons:
- Reputation and Brand Loyalty: Consumers prefer brands with strong ethical values. CSR builds trust.
- Employee Satisfaction and Retention: Employees are more engaged and loyal to socially responsible employers.
- Risk Management: CSR reduces regulatory and reputational risks.
How they can do this:
- Environmental Initiatives: Reduce carbon footprint, recycle, and use renewable energy.
- Ethical Labor Practices: Ensure fair wages, safe working conditions, and diversity.
- Community Involvement: Support education, healthcare, or local development projects.
- Responsible Sourcing: Partner with suppliers who follow ethical and sustainable practices.
- Transparency and Reporting: Publish CSR or sustainability reports aligned with frameworks like GRI or ESG.
3. How CSR differs between countries and why?
CSR differs between countries due to variations in cultural values, legal systems, economic development, and societal expectations. In developed nations, where regulations are more stringent and public awareness is high, companies often focus on advanced issues such as climate change mitigation, innovation in green technology, and ethical governance. Meanwhile, in developing countries, CSR tends to concentrate on addressing fundamental societal needs like poverty, education, and health, often due to the lack of strong government support in these areas. Cultural norms also influence CSR; for example, collectivist societies may stress community welfare and long-term relationships, while individualist societies may emphasize voluntary philanthropy and corporate autonomy. Furthermore, the presence or absence of regulatory frameworks such as mandatory CSR reporting shapes how companies prioritize and report their CSR activities.
4. Explain the implications of the rise of CSR for HRM !
The rise of CSR has reshaped the role of Human Resource Management (HRM) by embedding social responsibility into the core of employee-related practices. HR departments are increasingly responsible for attracting and retaining talent through ethical employer branding that highlights the company’s CSR commitments. CSR also influences internal processes such as training programs, which must educate employees on sustainability goals and ethical conduct. Performance appraisals may include CSR objectives to align individual contributions with broader corporate values. Moreover, diversity, equity, and inclusion central elements of CSR are now key HR responsibilities. By aligning HR strategies with CSR, organizations can create a more engaged, purpose-driven workforce and cultivate a positive, responsible organizational culture that supports both social impact and business performance