CSR Needs CPR: Corporate Sustainability and Politics
Thomas P. Lyon
(1)
,
Magali Delmas
(2)
,
John W. Maxwell
(3)
,
Pratima Bansal
(4)
,
Mireille Chiroleu-Assouline
(5, 6, 7)
,
Patricia Crifo
(8)
,
Rodophe Durand
(9)
,
Jean-Pascal Gond
(10)
,
Andrew King
(11)
,
Michael Lenox
(12)
,
Michael Toffel
(13)
,
David Vogel
(14)
,
Frank Wijen
(15)
1
University of Michigan [Ann Arbor]
2 Anderson Graduate School of Management, UCLA
3 Indiana University System
4 UWO - University of Western Ontario
5 PJSE - Paris Jourdan Sciences Economiques
6 PSE - Paris School of Economics
7 UP1 - Université Paris 1 Panthéon-Sorbonne
8 EconomiX - EconomiX
9 HEC Paris - Ecole des Hautes Etudes Commerciales
10 Cass Business School - City University London
11 Tuck School of Business
12 Darden School of Business
13 Harvard Business School
14 LBNL - Lawrence Berkeley National Laboratory [Berkeley]
15 Rotterdam School of Management of Erasmus University
2 Anderson Graduate School of Management, UCLA
3 Indiana University System
4 UWO - University of Western Ontario
5 PJSE - Paris Jourdan Sciences Economiques
6 PSE - Paris School of Economics
7 UP1 - Université Paris 1 Panthéon-Sorbonne
8 EconomiX - EconomiX
9 HEC Paris - Ecole des Hautes Etudes Commerciales
10 Cass Business School - City University London
11 Tuck School of Business
12 Darden School of Business
13 Harvard Business School
14 LBNL - Lawrence Berkeley National Laboratory [Berkeley]
15 Rotterdam School of Management of Erasmus University
Magali Delmas
- Fonction : Auteur
- PersonId : 176838
- IdHAL : magali-delmas
- ORCID : 0000-0002-6819-5532
- IdRef : 140617493
Mireille Chiroleu-Assouline
- Fonction : Auteur
- PersonId : 5102
- IdHAL : mireille-chiroleu-assouline
- ORCID : 0000-0001-8810-4258
- IdRef : 059503629
Patricia Crifo
- Fonction : Auteur
- PersonId : 737316
- IdHAL : patricia-crifo
- ORCID : 0000-0001-6907-7856
- IdRef : 059378611
Andrew King
- Fonction : Auteur
- PersonId : 749612
- IdHAL : andrew-king-soleil
- ORCID : 0000-0001-9006-5745
Résumé
Corporate social responsibility has gone mainstream, and many companies have taken meaningful steps towards a more sustainable future. Yet global environmental indicators continue to worsen, and individual corporate efforts may be hitting the point of diminishing returns. Voluntary action by the private sector is not a panacea-regulatory action by the public sector remains necessary. Such public sector progress will be more likely if it is supported by influential segments of the business community. Recent court rulings in the U.S. make it easy for companies to hide their political activities from the public, yet the indicators of CSR used by ratings agencies and socially responsible investment funds mostly ignore corporate political action. We argue that it is time for CSR metrics to be expanded to critically assess and evaluate firms based on the sustainability impacts of their public policy positions. To enable such assessments, firms need to become as transparent about their political activity as many have become about their CSR efforts, and CSR rating services and ethical investment funds need to demand such information from firms and include an assessment of corporate political activity in their ratings. † We thank the Albert and Elaine Borchard Foundation for their generous financial support.
Format du dépôt | Fichier |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
CSR Needs CPR: Corporate Sustainability and Politics
|
Résumé |
en
Corporate social responsibility has gone mainstream, and many companies have taken meaningful steps towards a more sustainable future. Yet global environmental indicators continue to worsen, and individual corporate efforts may be hitting the point of diminishing returns. Voluntary action by the private sector is not a panacea-regulatory action by the public sector remains necessary. Such public sector progress will be more likely if it is supported by influential segments of the business community. Recent court rulings in the U.S. make it easy for companies to hide their political activities from the public, yet the indicators of CSR used by ratings agencies and socially responsible investment funds mostly ignore corporate political action. We argue that it is time for CSR metrics to be expanded to critically assess and evaluate firms based on the sustainability impacts of their public policy positions. To enable such assessments, firms need to become as transparent about their political activity as many have become about their CSR efforts, and CSR rating services and ethical investment funds need to demand such information from firms and include an assessment of corporate political activity in their ratings. † We thank the Albert and Elaine Borchard Foundation for their generous financial support.
|
Auteur(s) |
Thomas P. Lyon
1
, Magali Delmas
2
, John W. Maxwell
3
, Pratima Bansal
4
, Mireille Chiroleu-Assouline
5, 6, 7
, Patricia Crifo
8
, Rodophe Durand
9
, Jean-Pascal Gond
10
, Andrew King
11
, Michael Lenox
12
, Michael Toffel
13
, David Vogel
14
, Frank Wijen
15
1
University of Michigan [Ann Arbor]
( 24332 )
- 500 Church Street Ann Arbor, MI 48109-1090
- États-Unis
2
Anderson Graduate School of Management, UCLA
( 115717 )
- États-Unis
3
Indiana University System
( 566099 )
- États-Unis
4
UWO -
University of Western Ontario
( 318728 )
- 1151 Richmond St, London, ON, N6A 3K7, Canada
- Canada
5
PJSE -
Paris Jourdan Sciences Economiques
( 1171428 )
- 48 boulevard Jourdan 75014 Paris
- France
6
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
7
UP1 -
Université Paris 1 Panthéon-Sorbonne
( 7550 )
- 12 place du Panthéon, 75231 Paris Cedex 05
- France
8
EconomiX -
EconomiX
( 2564 )
- Bâtiment G
200 Avenue de la République
92001 NANTERRE CEDEX
- France
9
HEC Paris -
Ecole des Hautes Etudes Commerciales
( 105633 )
- 1, rue de la Libération - 78351 Jouy en Josas cedex
- France
10
Cass Business School - City University London
( 148474 )
- Royaume-Uni
11
Tuck School of Business
( 150475 )
- 100 Tuck Hall Hanover, NH, 03755, USA
- États-Unis
12
Darden School of Business
( 539850 )
- États-Unis
13
Harvard Business School
( 486577 )
- Soldiers Field Park Boston MA 02163 USA
- États-Unis
14
LBNL -
Lawrence Berkeley National Laboratory [Berkeley]
( 82005 )
- 1 Cyclotron Rd. MS 50A-1148, Berkeley, CA 94720
- États-Unis
15
Rotterdam School of Management of Erasmus University
( 146691 )
- Pays-Bas
|
Langue du document |
Anglais
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Internationale
|
Date de publication |
2018-06-06
|
Volume |
60
|
Numéro |
4
|
Page/Identifiant |
5 - 24
|
Domaine(s) |
|
Mots-clés (JEL) |
|
DOI | 10.1177/0008125618778854 |
Origine :
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