Call for a corporate social conscience index
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Corporate social responsibility (CSR) has become a widely used term to describe how large companies adopt practices and policies that curb the potential negative impacts their operations can have on the surrounding environment and the community in which they are based. But companies’ claims of CSR behavior can be difficult to verify. This brief calls for the development of a “Corporate Social Conscience Index” as a mechanism for exerting some degree of transparency and accountability for CSR programs of large multinational companies. The author argues that by developing an index that provides insights to corporations’ excessive, unproductive spending as well as their activities related to environmental sustainability, job creation, and supply chain transparency, consumers along with policy makers, employees and researchers would be able determine whether a corporation is truly practicing corporate social responsibility and pressure more corporations to adopt meaningful CSR programs.
This repository item contains a single issue of Issues in Brief, a series of policy briefs that began publishing in 2008 by the Boston University Frederick S. Pardee Center for the Study of the Longer-Range Future.