Corporate Sustainability, Social Responsibility and Environmental Management: An Introduction to Theory and Practice with Case Studies (Csr, Sustainability, Ethics & Governance)

This book provides a concise and authoritative guide to corporate social responsibility (CSR) and related paradigms, including environmental responsibility, corporate sustainability and responsibility, creating shared value, strategic CSR, stakeholder engagement, corporate citizenship, business ethics and corporate governance, among others. It is primarily intended for advanced undergraduate and / or graduate students. Moreover, it is highly relevant for future entrepreneurs, small business owners, non-profit organisations and charitable foundations, as it addresses the core aspects of contemporary strategies, public policies and practices. It also features case studies on international policies and principles, exploring corporate businesses’ environmental, social and governance reporting.__“Mark Camilleri’s new book provides an excellent overview of the eclectic academic literature in this area, and presents a lucid description of how savvy companies can embed themselves in circular systems that reduce system-wide externalities, increase economic value, and build reputation. A valuable contribution.”__**Charles J. Fombrun**, Founder of Reputation Institute and a former Professor of Management at New York University and The Wharton School, University of Pennsylvania, USA__“I am pleased to recommend Dr. Camilleri’s latest book, Corporate Sustainability, Social Responsibility, and Environmental Management. The book is a rich source of thought for everyone who wants to get deeper insights into this important topic. The accompanying five detailed case studies on a wide array of corporate sustainable and responsible initiatives are helpful in demonstrating how theoretical frameworks have been implemented into practical initiatives. This book is a critical companion for academics, students, and practitioners.”__**Adam Lindgreen**, Professor and Head of Department of Marketing, Copenhagen Business School, Denmark__“This book is an essential resource for students, practitioners, and scholars. Dr. Mark Camilleri skillfully delivers a robust summary of research on the business and society relationship and insightfully points to new understandings of and opportunities for responsible business conduct. I highly recommend Corporate Sustainability, Social Responsibility, and Environmental Management: An Introduction to Theory and Practice with Case Studies."__**Diane L. Swanson**, Professor and Chair of Distinction in Business Administration and Ethics Education at Kansas State University, KS, USA__"Mark’s latest book is lucid, insightful, and highly useful in the classroom. I strongly recommend it."__**Donald Siegel**, Dean of the School of Business and Professor of Management at the University at Albany, State University of New York, NY, USA__“The theory and practice of corporate sustainability, social responsibility and environmental management is complex and dynamic. This book will help scholars to navigate through the maze. Dr Camilleri builds on the foundations of leading academics, and shows how the subject continues to evolve. The book also acknowledges the importance of CSR 2.0 - or transformative corporate sustainability and responsibility - as a necessary vision of the future.”__**Wayne Visser**, Senior Associate at Cambridge University, UK. He is the author of CSR 2.0: Transforming Corporate Sustainability & Responsibility and Sustainable Frontiers: Unlocking Change Through Business, Leadership and Innovation__"Corporate Sustainability, Social Responsibility and Environmental Management: An Introduction to Theory and Practice with Case Studies" provides a useful theoretical and practical overview of CSR and the importance of practicing corporate sustainability.”__**Geoffrey P. Lantos**, Professor of Business Administration, Stonehill College. Easton, Massachusetts, USA__“This book offers a truly comprehensive guide to current concepts and debates in the area of corporate responsibility and sustainability. It gives helpful guidance to all those committed to mainstreaming responsible business practices in an academically reflected, yet practically relevant, way.”__**Andreas Rasche**, Professor of Business in Society, Copenhagen Business School, Denmark__“A very useful resource with helpful insights and supported by an enriching set of case studies.”__**Albert Caruana**, Professor of Marketing at the University of Malta, Malta and at the University of Bologna, Italy__“A good overview of the latest thinking about Corporate Social Responsibility and Sustainable Management based on a sound literature review as well as useful case studies. Another step forward in establishing a new business paradigm.”__**René Schmidpeter**, Professor of International Business Ethics and CSR at Cologne Business School (CBS), Germany__“Dr. Camilleri's book is a testimony to the continuous need around the inquiry and advocacy of the kind of responsibility that firms have towards societal tenets. Understanding how CSR can become a modern manifestation of deep engagement into socio-economic undercurrents of our firms, is the book's leading contribution to an important debate, that is more relevant today than ever before."__**Mark Esposito**, Professor of Business and Economics at Harvard University, MA, USA__“Mark’s book is a great addition to the literature on CSR and EM; it will fill one of the gaps that have continued to exist in business and management schools, since there are insufficient cases for teaching and learning in CSR and Environmental Management in Business Schools around the globe.”__**Samuel O. Idowu**, Senior Lecturer in Accounting at London Metropolitan University, UK; Professor of CSR at Nanjing University of Finance and Economics, China and a Deputy CEO, Global Corporate Governance Institute, USA__“Corporate Social Responsibility has grown from 'nice to have' for big companies to a necessity for all companies. Dr Mark Camilleri sketches with this excellent book the current debate in CSR and CSR communication and with his cases adds valuable insights in the ongoing development and institutionalization of CSR in nowadays business.”__**Wim J.L. Elving**, Professor at the University of Amsterdam, Netherlands This book provides a concise and authoritative guide to corporate social responsibility (CSR) and related paradigms, including environmental responsibility, corporate sustainability and responsibility, creating shared value, strategic CSR, stakeholder engagement, corporate citizenship, business ethics and corporate governance, among others. It is primarily intended for advanced undergraduate and / or graduate students. Moreover, it is highly relevant for future entrepreneurs, small business owners, non-profit organisations and charitable foundations, as it addresses the core aspects of contemporary strategies, public policies and practices. It also features case studies on international policies and principles, exploring corporate businesses’ environmental, social and governance reporting. “Mark Camilleri’s new book provides an excellent overview of the eclectic academic literature in this area, and presents a lucid description of how savvy companies can embed themselves in circular systems that reduce system-wide externalities, increase economic value, and build reputation. A valuable contribution.” Charles J. Fombrun , Founder of Reputation Institute and a former Professor of Management at New York University and The Wharton School, University of Pennsylvania, USA “I am pleased to recommend Dr. Camilleri’s latest book, Corporate Sustainability, Social Responsibility, and Environmental Management. The book is a rich source of thought for everyone who wants to get deeper insights into this important topic. The accompanying five detailed case studies on a wide array of corporate sustainable and responsible initiatives are helpful in demonstrating how theoretical frameworks have been implemented into practical initiatives. This book is a critical companion for academics, students, and practitioners.” Adam Lindgreen , Professor and Head of Department of Marketing, Copenhagen Business School, Denmark “This book is an essential resource for students, practitioners, and scholars. Dr. Mark Camilleri skillfully delivers a robust summary of research on the business and society relationship and insightfully points to new understandings of and opportunities for responsible business conduct. I highly recommend Corporate Sustainability, Social Responsibility, and Environmental Management: An Introduction to Theory and Practice with Case Studies." Diane L. Swanson , Professor and Chair of Distinction in Business Administration and Ethics Education at Kansas State University, KS, USA "Mark’s latest book is lucid, insightful, and highly useful in the classroom. I strongly recommend it." Donald Siegel , Dean of the School of Business and Professor of Management at the University at Albany, State University of New York, NY, USA “The theory and practice of corporate sustainability, social responsibility and environmental management is complex and dynamic. This book will help scholars to navigate through the maze. Dr Camilleri builds on the foundations of leading academics, and shows how the subject continues to evolve. The book also acknowledges the importance of CSR 2.0 - or transformative corporate sustainability and responsibility - as a necessary vision of the future.” Wayne Visser , Senior Associate at Cambridge University, UK. He is the author of CSR 2.0: Transforming Corporate Sustainability & Responsibility and Sustainable Frontiers: Unlocking Change Through Business, Leadership and Innovation "Corporate Sustainability, Social Responsibility and Environmental Management: An Introduction to Theory and Practice with Case Studies" provides a useful theoretical and practical overview of CSR and the importance of practicing corporate sustainability.” Geoffrey P. Lantos , Professor of Business Administration, Stonehill College. Easton, Massachusetts, USA “This book offers a truly comprehensive guide to current concepts and debates in the area of corporate responsibility and sustainability. It gives helpful guidance to all those committed to mainstreaming responsible business practices in an academically reflected, yet practically relevant, way.” Andreas Rasche , Professor of Business in Society, Copenhagen Business School, Denmark “A very useful resource with helpful insights and supported by an enriching set of case studies.” Albert Caruana , Professor of Marketing at the University of Malta, Malta and at the University of Bologna, Italy “A good overview of the latest thinking about Corporate Social Responsibility and Sustainable Management based on a sound literature review as well as useful case studies. Another step forward in establishing a new business paradigm.” René Schmidpeter , Professor of International Business Ethics and CSR at Cologne Business School (CBS), Germany “Dr. Camilleri's book is a testimony to the continuous need around the inquiry and advocacy of the kind of responsibility that firms have towards societal tenets. Understanding how CSR can become a modern manifestation of deep engagement into socio-economic undercurrents of our firms, is the book's leading contribution to an important debate, that is more relevant today than ever before." Mark Esposito , Professor of Business and Economics at Harvard University, MA, USA “Mark’s book is a great addition to the literature on CSR and EM; it will fill one of the gaps that have continued to exist in business and management schools, since there are insufficient cases for teaching and learning in CSR and Environmental Management in Business Schools around the globe.” Samuel O. Idowu , Senior Lecturer in Accounting at London Metropolitan University, UK; Professor of CSR at Nanjing University of Finance and Economics, China and a Deputy CEO, Global Corporate Governance Institute, USA “Corporate Social Responsibility has grown from 'nice to have' for big companies to a necessity for all companies. Dr Mark Camilleri sketches with this excellent book the current debate in CSR and CSR communication and with his cases adds valuable insights in the ongoing development and institutionalization of CSR in nowadays business.” Wim J.L. Elving , Professor at the University of Amsterdam, Netherlands Foreword 6 Preface 10 Acknowledgments 12 Praise for this Book 13 Contents 16 About the Author 20 Part I: An Introduction to the Corporate Social Responsibility Agenda 21 Chapter 1: The Corporate Social Responsibility Notion 22 1.1 Introduction 22 1.2 The Social Responsibility Concept 23 1.3 The CSR Conceptualisation 24 1.3.1 Corporate Social Performance 26 1.3.2 Business Ethics 27 1.3.3 The Stakeholder Theory 29 1.3.4 Corporate Citizenship 32 1.3.5 Strategic CSR 34 1.3.6 Corporate Sustainability and Responsibility 36 1.3.7 Creating Shared Value 37 1.4 Conclusions 38 References 39 Chapter 2: International Policies and Regulatory Instruments for Non-financial Reporting 46 2.1 Introduction 46 2.2 The Regulatory Frameworks for Environmental, Social and Governance Reporting 47 2.3 International Standards for Corporate Social Responsibility and Sustainability Reporting 49 2.4 The National Governments ́ Regulatory Role 50 2.5 Non-governmental Regulatory Tools 52 2.6 Corporate Governance, CSR and Sustainability Reporting 55 2.7 Conclusions and Recommendations 55 References 57 Chapter 3: Unlocking Corporate Social Responsibility Through Integrated Marketing Communication 60 3.1 Introduction 60 3.2 Organisational Legitimacy and Stakeholder Influences 61 3.3 The CSR Communication and Its Content 63 3.4 CSR Communication and the Use of Media 65 3.4.1 CSR Communication on Digital Media 67 3.4.2 CSR Communication and Social Media 69 3.4.3 Environmental, Social and Governance Reporting in Corporate Web Sites 71 3.5 Conclusions 73 3.6 Future Research 74 References 74 Chapter 4: Socially Responsible and Sustainable Investing 79 4.1 Introduction 79 4.2 The Background Behind Responsible Investing 80 4.3 Socially Responsible Investing 83 4.3.1 Impact Investment Approaches 83 4.3.2 Positive Investing 84 4.3.3 Shareholder Advocacy and Engagement 84 4.3.4 Community Investing 85 4.3.5 Government-Controlled Funds 85 4.4 SRI Developments 86 4.5 The Screening for the Responsible Investments 87 4.6 Analysing SRI Portfolios 90 4.7 Conclusions and Future Research Avenues 92 References 93 Chapter 5: Responsible Supply Chain Management and Stakeholder Engagement for Corporate Reputation 96 5.1 Introduction 96 5.2 The Procurement of Materials and Products from the Global Supply Chain 97 5.2.1 The Responsible Supply Chain Management 98 5.2.2 Engaging with Responsible Suppliers 100 5.2.3 The Responsible Supply Chain Management and Its Effect on Corporate Reputation 101 5.2.4 The Link Between Responsible Supply Chain Management and a Differentiated Strategy 103 5.3 Conclusions 106 5.4 Possible Research Avenues 107 References 107 Part II: Case Studies on Social and Environmental Issues in Business 113 Chapter 6: Case Study 1: Corporate Citizenship and Social Responsibility Policies in America 114 6.1 Introduction 114 6.2 American Social Responsibility Policy 114 6.3 The Corporate Citizenship Notion 115 6.4 Contemporary Corporate Citizenship Issues 117 6.5 Reporting Corporate Citizenship Activities 118 6.6 An Analysis of U.S. Social Responsibility Policies 119 6.6.1 Good Corporate Citizenship and Human Rights 120 6.6.2 Labour and Supply Chains 121 6.6.3 Anti-corruption 122 6.6.4 Health and Social Welfare 123 6.7 Analysing Policies for Environmental Sustainability 125 6.7.1 Energy and the Environment 125 6.8 Conclusions 127 6.9 Future Research Avenues 128 References 129 Chapter 7: Case Study 2: Environmental, Social and Governance Reporting in Europe 133 7.1 Introduction 133 7.2 The CSR Language 134 7.3 CSR Made in Europe 135 7.3.1 The EU ́s Directive on the Disclosure of Non-financial Information 136 7.3.2 The EU ́s Directive on Disclosure of Transparency 137 7.3.3 The EU ́s Energy Efficient Directive 138 7.3.4 Integrated Pollution Prevention and Control Directive 139 7.3.5 European Pollutant Release and Transfer Register (E-PRTR) 139 7.3.6 The European Union ́s Emissions Trading Scheme (EU ETS) 140 7.3.7 Eco-Management and Audit Scheme 141 7.3.8 The Modernisation Directive 141 7.4 National Frameworks for CSR Policy 142 7.5 Conclusions and Implications 147 7.6 The Way Forward 149 References 150 Chapter 8: Case Study 3: The Responsible Corporate Governance of the European Banks 153 8.1 Introduction 153 8.2 Corporate Governance Regulatory Principles and Codes 155 8.3 European Corporate Governance Guidelines 158 8.4 Analysis of the Non-financial Disclosures of Corporations in Financial Services 159 8.4.1 ING Bank 159 8.4.2 Deutsche Bank 161 8.4.3 UniCredit 164 8.5 Evaluation 166 8.6 Conclusions and Implications 169 8.7 Limitations and Future Research Avenues 170 References 171 Chapter 9: Case Study 4: Corporate Sustainability and Responsibility: Creating Value in Business and Education 174 9.1 Introduction 174 9.2 Corporate Social Responsibility Programmes that Add Value to the Business 175 9.2.1 Redirecting Corporate Social Responsibility Efforts Toward Human Resources 175 9.2.2 Corporate Social Responsibility in Education and Stakeholder Engagement 179 9.3 Conclusions and Implications 181 9.4 Future Research Avenues 183 References 184 Chapter 10: Case Study 5: Closing the Loop of the Circular Economy for Corporate Sustainability and Responsibility 187 10.1 Introduction 187 10.2 The Conceptualisation Behind the Circular Economy Construct 188 10.3 Policy Formulation on Closed Loop Systems 191 10.4 Analysing Closed Loop Economic Models 193 10.5 Conclusions and Implications for Business and Industry 197 10.6 The Way Forward 199 References 200 Index 203 Front Matter....Pages i-xxiii Front Matter....Pages 1-1 The Corporate Social Responsibility Notion....Pages 3-26 International Policies and Regulatory Instruments for Non-financial Reporting....Pages 27-40 Unlocking Corporate Social Responsibility Through Integrated Marketing Communication....Pages 41-59 Socially Responsible and Sustainable Investing....Pages 61-77 Responsible Supply Chain Management and Stakeholder Engagement for Corporate Reputation....Pages 79-95 Front Matter....Pages 97-97 Case Study 1: Corporate Citizenship and Social Responsibility Policies in America....Pages 99-117 Case Study 2: Environmental, Social and Governance Reporting in Europe....Pages 119-138 Case Study 3: The Responsible Corporate Governance of the European Banks....Pages 139-159 Case Study 4: Corporate Sustainability and Responsibility: Creating Value in Business and Education....Pages 161-173 Case Study 5: Closing the Loop of the Circular Economy for Corporate Sustainability and Responsibility....Pages 175-190 Back Matter....Pages 191-195