Elkington (1999), Visser and Sunter (2002), and Visser (2006) argue that despite the attempt in Carroll's CSR Pyramid to establish an umbrella concept for the relationship between business and society, the model fails to consider the inter-related economic, social and environmental aspects that impact upon CSR.
Sceptics say it renders CSR meaningless.
Has this aspect of CSR been somewhat neglected?
Hence, the disclosure of reliable and timely financial information is arguably an important aspect of CSR.
Most of the attempts to define CSR address only an aspect of it (Carroll & Shabana, 2010; Dahlsrud, 2008; Ghobadian et al., 2015; Danilovic et al., 2013; Sprinkle & Maines, 2010).
As we can see from the Fig. 1, little attention is paid to philanthropic, economic, and ethical aspects (GRI, OECD and partly RBF Index) yet they are among the most important aspects of CSR.
While the resources allocated to CSR are small, few aspects of business have the potential to get the attention and support of the company's most senior leadership.
Ford expects its philanthropic arm to shell out 40% less this year, but says it remains committed to the principle of corporate giving.The downturn has dented other aspects of CSR, too.
Models of self-regulation emphasize that the teaching of strategy knowledge (Strat) has to be complemented by offering skills of cognitive (CSR) and motivational (MSR) aspects of self-regulation.
TNT is asking its own suppliers and subcontractors to be committed to the environment too, and selects them with that in mind.The list of big companies that have put the environment or other aspects of CSR at the heart of their strategy is not very long, but one name usually tops it: GE.
As described above, most aspects of CSR should be handled internally.
