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Efficiency and Sustainability of CSR Projects

The progressive expansion of Corporate Social Responsibility (CSR) has been accompanied by an increasing interest from regulators and market analysts. Governments and supra-national organisations have issued guidance rules on CSR, while market analysts have created a set of gatekeepers focused on its evaluation, publishing rankings and comparative reports. The UN Global Compact and the sustainability indexes are two relevant examples. The complexity and some of the functions of this CSR infrastructure have common features with the financial system. Information is at the core of both. The distinction between information and noise is central for building up efficient financial markets. The aim of this paper is to analyse how information can be separated from noise in CSR. To this end, we develop a qualitative model that centres on the following variables: the CSR features of the project under consideration, its financial features, its relationship with corporate strategy, the performance metrics for its analysis, the different kinds of risk it involves, and its impact on value creation. This model relies on two common functions that we identify in the CSR infrastructure and the financial system: the defining function and the performance information function. The model is applied to Adidas’ CSR policy

Sustainability, 2017, vol. 9, núm. 10, p. 1714

MDPI (Multidisciplinary Digital Publishing Institute)

Autor: Bosch Badia, Maria Teresa
Montllor Serrats, Joan
Tarrazón Rodón, Ma. Antonia
Data: 25 setembre 2017
Resum: The progressive expansion of Corporate Social Responsibility (CSR) has been accompanied by an increasing interest from regulators and market analysts. Governments and supra-national organisations have issued guidance rules on CSR, while market analysts have created a set of gatekeepers focused on its evaluation, publishing rankings and comparative reports. The UN Global Compact and the sustainability indexes are two relevant examples. The complexity and some of the functions of this CSR infrastructure have common features with the financial system. Information is at the core of both. The distinction between information and noise is central for building up efficient financial markets. The aim of this paper is to analyse how information can be separated from noise in CSR. To this end, we develop a qualitative model that centres on the following variables: the CSR features of the project under consideration, its financial features, its relationship with corporate strategy, the performance metrics for its analysis, the different kinds of risk it involves, and its impact on value creation. This model relies on two common functions that we identify in the CSR infrastructure and the financial system: the defining function and the performance information function. The model is applied to Adidas’ CSR policy
Format: application/pdf
Cita: https://doi.org/10.3390/su9101714
ISSN: 2071-1050
Accés al document: http://hdl.handle.net/10256/14396
Llenguatge: eng
Editor: MDPI (Multidisciplinary Digital Publishing Institute)
Col·lecció: Reproducció digital del document publicat a: http://dx.doi.org/0.3390/su9101714
Articles publicats (D-EC)
És part de: Sustainability, 2017, vol. 9, núm. 10, p. 1714
Drets: Attribution 3.0 Spain
URI Drets: http://creativecommons.org/licenses/by/3.0/es/
Matèria: Empreses -- Responsabilitat social
Social responsibility of business
Ètica empresarial
Business ethics
Títol: Efficiency and Sustainability of CSR Projects
Tipus: info:eu-repo/semantics/article
Repositori: DUGiDocs

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