Corporate social responsibility and human rights law in africa. Aug 19, 2019 take a look at some of our best corporate social responsibility programmes over the years. The primary focus is to investigate whether the crs legal. Social justice, corporate social responsibility and sustainable.
The social responsibility of business is to increase its profits, must now be. This briefing examines the concept and role of csr in the mining industry of south africa. Thematic issue on corporate social responsibility corporate social responsibility. However, audit committee independence indicates an insignificant association with corporate social responsibility disclosure. Impact of corporate governance attributes on corporate social. Veolias prime responsibility is to ensure the wellbeing and fulfilment of its 168,800 employees.
Mia, journaljournal of engineering, design and technology, year2008. Sustainable development and corporate social responsibility in sub. King iv which came into effect in april 2017 waweru 2014. However, besides the corporate entities, the countrys apartheid history plays a big role to drive csr in south africa. The association between corporate social responsibility. He viewed this as an opportunity to educate the newly democratic south african public on the working of a free economy.
Four components of corporate social responsibility bizfluent. Yet, such perception of smes is mostly based on applying large firm thinking. Youth unemployment is a current feature in many african countries policy documents. The aspects of corporate social responsibility csr, corporate social investment csi, community involvement, community development or social responsibility have to be addressed to improve the lives of all south africans in order to place the economy on the trajectory of sustainable inclusive growth. In south africa, csr is not only a frequent topic for conversation and debate, but also a tangible effort by many companies. The challenges of corporate social responsibility assessment. However, besides the corporate entities, the countrys apartheid history plays a big role to drive csr in south africa fig, 2002. Corporate social responsibility in south africa nonmining industries 17 5. Forging programs and partnerships that increase access to opportunities. There are four components of corporate social responsibility. The goal is to find support for sustainable csr while making use of the dutch csr approach.
The current state of accommodation of csr in competition in south africa. Corporate social responsibility csr at cisco supports the companys mission to power an inclusive future that benefits our employees, communities, and the planet. Secondly, the fourth ong report on corporate governance for south africa king v ilodsa. In july 1993 the institute of directors in south africa asked retired supreme court of south africa judge mervyn e. Corporate social responsibility in the south african mining. Sep 15, 2016 both companies are industry leaders in terms of social responsibility, yet bmw which placed fourth and earned 73. Jan 27, 2021 corporate social responsibility and stakeholder engagement in ghanas mining sector. Pdf corporate social responsibility in south africa. There has and will always be the need for organisations to make profits and the needs of society. Socioeconomic contexts and contemporary issues december 2016 doi. Rooibos at a glance rooibos provides income and employment to approximately 8 000 farm labourers in south africa. Smesthe vast majority of firms in any countryhave often been viewed as laggards when it comes to practicing cser corporate social and environmental responsibility.
Corporate governance is about the responsibility with which a company is run, through accountability, transparency and compliance to benefit all stakeholders muralidharan, 2016. Sustainable development and corporate social responsibility in. At independence, socialism was very appealing but african socialism soon failed and the turn to marxist socialism in the 1970s fared little better. Pdf corporate social responsibility and earnings management. The companies with the best csr reputations in the world in 2016.
Pdf corporate social responsibility for solving the housing. Mba corporate social responsibility university of south florida. In addition to the fact that the update offers a chance to take into account developments in corporate governance globally, the update has also been used to reposition corporate governance as a source of. Things to do with kids best beaches best surfing best dive destinations best golf resorts kruger n. Shaping corporate social responsibility in subsaharan africa guidance notes from a mapping survey published by. Within this context, the purpose of this paper is to examine internal audits csr assurance role. He states that directors are agents of all stakeholders. The institute of directors in southern africa npc owns all and titles in the king iv report on corporate governance for south africa, 2016 hereafter referred to as king iv report in its entirety, inclusive of all parts. Legal framework for corporate social responsibility in south africa. Impact of corporate governance attributes on corporate. Each endorsement indicates support for the principles as espoused by this report. According to vaughn and ryan 2006, good corporate governance practices are of particular importance in emerging economies such as the brazil, russia, india, china and south africa brics. Importance of corporate social responsibility bizfluent. An exploration of internal audits corporate social.
Here, the private sector has been forced to adopt socially responsible policies that are more advanced than those in many of the richer economies. The institute of directors in southern africa and the king committee on corporate governance in south africa acknowledge with appreciation those who support king iv and corporate governance in south africa through their endorsements. While ceo duality shows a significant negative effect on corporate social responsibility disclosure. Corporate social responsibility and development in south africa. Environmental csr related issues in south africa 1827. Jan 01, 2016 their liminality comes to embody the disjuncture between corporate responsibility and state welfare. South african developing context, drawing on primary data collected using a case study approach. Corporate social responsibility in south africas mining industry.
In so doing, they have also embraced the business case for csr that companies can do well while doing good zadek, 2000. Corporate social responsibility csr has garnered significant interest for several years as nongovernmental organizations ngos, companies and scientific authors are involved in its promotion. Corporate social responsibility enables corporations to build a positive reputation, enhance community relations and achieve increased workforce support. Csr has been considered more strongly than ever since the early 1990s, building on a trend that had been growing since the start of the 20th century. Pdf corporate social responsibility and development in. This copy is for your personal, noncommercial use only. African journal of hospitality, tourism and leisure special. In south africa, csr primarily emerged as an approach to appease political pressure arising from the social exclusion established by the apartheid regime 30, which resulted in south africa being. At independence, african countries had to decide what type of state to put in place, and bet. Countless claims have been made that csr can contribute towards more inclusive development and the alleviation of poverty. While some concept of corporate social responsibility has been around since the 1950s, businesses have seen both an evolving conversation and a growing interest.
Exposing corporations shameless sociallyresponsible rebrands. Profit and nonprofit corporations have an ethical obligation to implement corporate so. Pdf corporate social responsibility and firm performance. Auret, journal south african journal of business management, year2014, volume45, pages112. The sustainability, enterprise and responsibility awards is expanding beyond its west african roots and is now open to businesses in east and southern africa. This chapter will discuss historical contexts and contemporary issues in corporate social responsibility in south africa. University of cape town,faculty of humanities,department of political studies, 2016. Traditionally, corporate social responsibility csr programmes have focused on ensuring compliance with ethical standards, promoting sustainable business practices, and making charitable donations, and are often kept at arms length from a business strategy. King iv includes a number of recommendations regarding the composition. They have embraced the notion of corporate social responsibility csr in their business conduct. This dissertation provides a legal analysis of corporate social responsibility csr in south africa, india and the uk.
Best corporate social responsibility programs in sa honored. These are 20 of the best things to do in south africa, including swimming with sharks, teeing off at top golf courses, and more with a map. Corporate social responsibility in the south african. Pdf on jan 1, 2016, thomas kimeli cheruiyot and others published corporate social responsibility in africa. The jse was the first exchange to incorporate king into the listing requirements for financial years starting on or after. Even though the concept of corporate social responsibility csr has been applauded for several decades, the concept of stakeholder engagement is relatively new to the ghanaian mining sector. Jul 25, 2016 now in 2016, for the first time, businesses from east and south africa can also have their csr initiatives recognized and rewarded. Corporate social responsibility the groups approach to corporate and social responsibility is now firmly embedded in the groups business processes, from employee recruitment and supplier management to bidding and contract delivery. A minordissertation submitted in partial fulfillment of the requirements for the award of the degree of master of philosophy. King iv report on corporate governance for south africa. View pdf international journal of corporate social responsibility. Social responsibility refers to softer issues, that is, company actions that support social. Pdf purpose the purpose of this paper is to examine aspects of corporate social investment csi in the southern african.
Pdf corporate social responsibility and competitiveness. Oct 03, 2016 in south africa, king iii requires companies to have their corporate social responsibility csr disclosures independently assured. It is premised on dodds theory1 of stakeholder protection which is articulated with greater clarity by jeff smith. Ethical means doing the right thing in your business. In 2003, mark achbar and jennifer abbotts acclaimed documentary the corporation argued that the american impulse to regard corporations as people is essentially amoral and psychopathological. Corporate social responsibility evolution in south africa. In so doing, they have also embraced the business case for csr. Corporate social responsibility and development in south. South africa and eswatini are grappling with high rates of youth unemployment. Rooibos industry fact sheet 2016 the south african. Corporate social responsibility policy functions as a builtin, selfregulating mechanism whereby a business monitors and ensures its active compliance with the spirit of law, ethical standards and international norms. Csr refers to the generally voluntary involvement, or investment, of companies in. The social picture of the country after the apartheid era was one of marked inequalities in terms of education, infrastructure, economic power, and basic services access. Johannesburg securities exchange jse requirements place south africa at the forefront of corporate governance and corporate social responsibility csr reporting.
Quality management system as the framework on which to continually improve our quality performance comply with all product quality standards, approvals. After the 1990s, the number of outcome studies still maintained at a relatively high level, and incurred another increase in the 2000s and 2010s. Jse requirements place south africa at the forefront of corporate governance and corporate social responsibility csr reporting. Corporate responsibility at investec 01 south africa 2.
Information as at 30 june 2016 jse share code rmh market capitalisation 2016. An assessment of corporate social responsibility in south africas mining industry a case study of anglo american platinums corporate social investment programmes in the area of education. The days when the government was seen as the exclusive social change agent and the absolute macro problem solver are becoming part of the past, as companies are gradually taking a larger role, actively participating in social and community projects under the concept of corporate social responsibility csr. Corporate social responsibility csr disclosure is widespread among the largest companies in south africa due to the listing requirements of the johannesburg stock exchange jse. The assurance statement can be found on pages 63 and 64 of this report. An assessment of corporate social responsibility in south africa s mining industry. Purpose corporate social responsibility orientation csro is considered a crucial strategy to enhance longterm competitiveness around the world, and it is starting to be a broader issue in africa. Corporate social responsibility activity reportage on bank website s in.
The aim is to be mutually beneficial for both south african and dutch companies that operate in south africa. Lung cancer remains the most commonly diagnosed cancer and the leading cause of cancer death worldwide because of inadequate tobacco control policies. This dissertation presents a legal and regulatory framework of corporate social responsibility csr and the effect it has on social transformation in south africa. Its hard to miss the conversation in the business media about responsibility. Csr history in south africa the social role of corporate activities in south africa is mainly dominated by large enterprises ladzani and seeletse, 2012. It is a process with the aim to embrace responsibility for the companys actions and encourage a positive impact through its. Take a girl child to work day despite advances in legislation, the majority of women in south africa still suffer from gender inequality and are underrepresented in the workplace, especially in corporate leadership positions.
University of cape town,faculty of humanities,department of political studies, 2016 cited yyyy month dd. The study by a team from copenhagen business school, california state university monterey and the antea group provides concrete evidence on. Just because more companies are publishing corporate social responsibility reports, it doesnt mean investors are getting the information they need. Corporate social responsibility csr is not a new issue. The trouble with corporate social responsibility reports barrons. Understanding and maintaining corporate social responsibility is imperative for businesses as most consumers place high importance on csr. The king iv report on governance for south africa 2016 encapsulates the idiosyncratic south african context of csr. It is apparent that different countries and organisations in africa are at varying stages of understanding and engaging with the concept and practice of corporate social responsibility. Legal means following laws applicable to your business. Context, paradoxes, stakeholder orientations, contestations and reflections find.
Pdf corporate social responsibility and corporate social. For them, it simply meant an additional compliance burden. Pdf corporate social responsibility and firm performance in. Pdf corporate social responsibility for solving the.
The committees report was to be the first report of its kind in south africa. Corporate social responsibility in south africa mining 12 4. Corporate social responsibility in south africas mining. In south africa, social justice is often linked to economic exclusion, mainly. An assessment of corporate social responsibility in south. International journal of corporate social responsibility. Shaping corporate social responsibility in subsaharan africa. This report elaborates on the question how south african corporate social responsibility could be supported by the embassy of the netherlands.
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