The Limitations of Corporate Social Responsibility (CSR): A Philosophy at Odds with Its Surroundings
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Despite its growth in popularity in the past twenty years, CSR has serious limitations, which profoundly affect its ability to reduce the negative social, environmental, and economic impacts that companies generate as they pursue the financial bottom line. Emerging as a response to changing expectations of how organizations should behave in a complex and increasingly globalized world, its incoherency makes it inadequate to deal with the serious problems faced by humanity in the twenty-first century. This chapter summarizes the origins of CSR, as well as its limitations and fundamental underlying contradictions. It then explains why CSR needs to adopt a more coherent approach and outlines what that approach should look like.
KeywordsCSR origins Non-financial reporting Stakeholders Negative impacts Coherency
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