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"The concept of corporate environmental responsibility." While some actors have argued that the sole responsibility of corporate entities remains to make profit for the shareholders, others are of the view that there are scenarios where corporate entities should have their contributions in ensuring that there are sound environmental practices so that all organizational ventures are sustainable. It is commonly defined as is the way in which organizations can incorporate environmental issues into their operations in order to eliminate waste and emissions, maximize the efficiency and productivity of its resources and minimize practices that badly affect the country’s natural resources. The World Bank Group works in every major area of development. The term derives from corporate social responsibility (CSR). (2020) 'The concept of corporate environmental responsibility'. © 2019 Elsevier Ltd. All rights reserved. January 16, 2020. https://ivypanda.com/essays/the-concept-of-corporate-environmental-responsibility-essay/. Therefore, it is imperative that corporate entities should have viewed the issue of environmental ethics as their own responsibility as opposed to viewing their role as though it is only defined by the government. You can also actively seek suppliers who have their own commitment to environmental sustainability. The Racial Discrimination among Employers, Corporate Social Responsibility and Marketing, Suncorp-Metway Limited Corporate Social Responsibility Strategies. Companies should not be blinded by the profit motive as this may make them engage in unethical practices. Your privacy is extremely important to us. The concept of corporate environmental responsibility has been widely debated. However, due to its increasing level of importance, it is usually considered as a separate element (Timpere, 2008). Retrieved from https://ivypanda.com/essays/the-concept-of-corporate-environmental-responsibility-essay/. 1. These programs center around the idea that businesses can make the world a better place, or at the very least, they can reduce their negative social and environmental footprint on the world. IvyPanda, 16 Jan. 2020, ivypanda.com/essays/the-concept-of-corporate-environmental-responsibility-essay/. IvyPanda. By continuing you agree to the use of cookies. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. From the assigned case, it is evident that the principles of utilitarian ethics were grossly violated. Corporate social responsibility (CSR) can refer to a wide range of actions that businesses may make - from donating to charity to ethical trading. Corporate Environmental Responsibility (CER) refers to a company's duties to abstain from damaging natural environments. If corporate entities accept to adopt the utilitarian approach to matters that concern environmental management, then the issue of the future of the environmental condition is brilliant. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. https://doi.org/10.1016/j.jclepro.2019.06.245. IvyPanda. We will write a custom Essay on The concept of corporate environmental responsibility specifically for you for only $16.05 $11/page. This essay on The concept of corporate environmental responsibility was written and submitted by your fellow student. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Corporate environmental responsibility : Is a common CSR framework possible? This paper contributes to the CER literature by providing a general framework for CER research applicable to both free-market and mixed economies, using multiple lenses that incorporate institutional theory, stakeholder theory, legitimacy theory and environmental externality theory. Environment Protection is viewed as a corporate social responsibility for the corporations and it is mandatory for corporations to strictly practice them. As a supplement to governmental intervention, corporate environmental responsibility (CER) practice will help correct environmental externalities and, thus, contribute to the implementation of national environmental plans. Need a custom Essay sample written from scratch by The article in brief explains the concept of ‘environmental liability’ of corporations and its. The relevance of having corporate taking responsibility for their environmental actions has been exacerbated by the repercussions that have been seen as far as environmental factors are concerned where it is believed that the years of irresponsible business practices and the motive for profit has led to acute degradation of the environment leading to notable problems such as drying water … What is environmental CSR? Thus, the extended framework adds to the Chinese CER literature by synthesising influential factors on CER practice and performance, which in turn provides a conceptual model for policy makers to promote national environmental champions at a micro level, for example, the implementation of China's SDG 2030 Agenda. Arguments that have been advanced by Norman Bowie are thus misleading as it should be the responsibility of corporate entities to ensure that whatever they do is not in the contrary to their ability to be in the same business sustainably in the future. “CER improves CSR for pollution prevention and cleaner production” . Global data and statistics, research and publications, and topics in poverty and development. Based on a Chinese and English literature review of CER issues in China, this paper incorporates the findings of Chinese indigenous research and provides an extended framework for the Chinese context. January 16, 2020. https://ivypanda.com/essays/the-concept-of-corporate-environmental-responsibility-essay/. It takes all its meaning in the current context (global warming, destruction of biodiversity, etc… "The concept of corporate environmental responsibility." An attempt has been made to incorporate various aspects of corporate environmental responsibility and study the relationship between them. From the utilitarian point of view, the main idea being presented by Hoffman views that corporate entities should be the driving forces towards the environmental conservation.

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