Basic Initiatives in the Field of CSR and Sustainable Development Corporate Social Responsiblity INCREASED EMPLOYEE SATISFACTION IMPROVED PUBLIC IMAGE INCREASED CUSTOMER LOYALTY INCREASED CAPACITY Corporate Social Responsiblity ECONOMIC ENVIRONMENTAL SOCIAL Additional Benefits to enacting CSR and Sustainablity Measures Increase in productivity and reducing costs Increased business ability to comply with regulation CSR AND SUSTAINABLE DEVELOPMENT INITIATIVES LEGO HAS INVESTED MILLIONS OF DOLLARS INTO ADDRESSING CLIMATE CHANGE AND REDUCING WASTE. ENVIRONMENTALLY CONSCIOUS EFFORTS REDUCED PACKAING USING SUSTAINABLE MATERIALS INVESTING IN ALTERNATIVE ENERGY JOHNSON & JOHNSON INVESTING IN VARIOUS ALTERNATIVE ENERGY SOURCES. PROVIDING CLEAN AND SAFE WATER TO COMMUNITIES STABUCKS SOCIALLY RESPONSIBLE HIRING PRACTICE, DIVERSIFYING THEIR WORKFORCE HIRING MORE VETERANS, YOUNG PEOPLE LOOKING TO START THEIR CAREERS AND REFUGEES. GOOGLE INVESTING IN RENEWABLE ENERGY SOURCES AND SUSTAINABLE OFFICES CEO IS ALSO KNOWN TO TAKE STANDS ON CERTAIN SOCIAL ISSUES,. PFIZER FOCUS ON CORPORATE CITIZENSHIP AS SEEN IN ITS HEALTHCARE INITIATIVES SPREADING AWARENESS ABOUT NON-INFECTIOUS DISEASES AND PROVIDING HEALTH CARE SERVICES TO WOMEN AND CHILDREN IN NEED Questions for Discussion People tend to be more upset about the death of a pet than a death of a thousands of people? Charities find that they can stimulate more giving by describing the case of a single named victim of a tragedy that by presenting statistics about thousands of victim. Does that make sense to you? Should things work that way? Will there be a business setting where a a tangible and abstract phenomenon might help cause someone to act unethically? CLIMATE AND THE PARIS DEAL In December 2015, representatives from 195 nations gathered in Paris and signed an international agreement to address climate change, which many observers called a breakthrough for several reasons. First, the fact that a deal was struck at all was a major accomplishment, given the failure of previous climate change talks. Second, unlike previous climate change accords that focused exclusively on developed countries, this pact committed both developed and developing countries to reduce greenhouse gas emissions. However, the voluntary targets established by nations in the Paris climate deal fall considerably short of what many scientists deem necessary to achieve the stated goal of the negotiations: limiting the global temperature increase to 2 degrees Celsius. Furthermore, since the established targets are voluntary, they may be lowered or abandoned due to political resistance, short-term economic crises, or simply social fatigue or disinterest. SOME QUESTIONS TO PONDER: What harms are potentially produced by failing to take action to control climate change? On the other hand, what harms are potentially produced by acting to lower carbon emissions? To what extent do humans have a moral responsibility to future generations that are yet to be born? Do prosperous countries have a greater responsibility to take action and bear more of the costs of controlling climate change than developing countries? Explain your reasoning.