Tag Archives: United Nations Global Compact

Corporate Social Responsibility

How far does corporate social responsibility go? While corporate social responsibility looks good on paper, how far are companies willing to not just talk the talk, but also walk the walk? For example, what should a company do if the authorities in a foreign country are clearing away residential areas (and removing residents without any compensation) to make room for industrial development that may allow said company to expand its offshored manufacturing facilities? Interfere? Do nothing? Milton Friedman is supposed to have said that “The business of business is business”, a quote that is often seen as the direct opposite of social responsibility. Thus, should the company even care?

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