Corporate and social responsibility

Perhaps the greatest impact of rDNA technology lies in ib ability to alter a DNA sequence and create entirely new molecules that, if reintroduced into the genome, can be inherited and propagated in perpetuity. The ability to alter a DNA sequence, literally in a test tube, at the di.scretion of an individual. corporation, or nation, brings with it important questions about ownership, ethics, and social responsibility. There is no question, however, that potential benefits to the treatment of human dLsease are great. 

Proliferation of Corporate Social Responsibility and Socially Responsible Investing (CSR/SRI) standards and the compliance with key standards as a requirement of doing business. 

Today, leadership companies are expected to respond to a proliferation of corporate social responsibility (CSR) and socially responsible investing (SRI) standards. Leading companies report not just their return to shareholders but also their return to stakeholders. But with more than a dozen major standards organizations - each representing a variety of stakeholder perspectives - and even more questionnaires for reporting on CSR/SRI accountability and sustainability practices (see the Standards Directory Appendix Item A), how should a company approach this emerging field And, even more critical for the business bottom line, what strategic opportunities are indicated ... 

Evolution of Costs. From a sustainability perspective, the TCA methodology should account for both internal corporate costs and societal costs. In the conventional business model (Fig. 6.12a), a company invests on a project when the projected revenues are greater than the projected costs to the company. However, to reflect environmental stewardship and social responsibility, a truly sustainable company should make considerations beyond the conventional business model... 

Users Religious and socially responsible investors use ICCR to guide investment decisions media and activist stakeholders use their information on corporate... 

Caring corporate sustainability consists of balancing economic, social and ecological concerns, which are all three important in themselves. The initiatives go beyond those demanded by legal compliance and beyond profit considerations. The motivation for corporate sustainability is that human potential and social responsibility are important as such. 

Excerpts follow from an article written by Jeffrey Camplin titled Aligning Safety and Social Responsibility Safety as a Value-Add to Corporate Stakeholders and published in the May 2011 issue of Professional... 

In the event of an incident, a strong pre-startup safety review program documents corporate operational discipline and social responsibility. 

Numerous safety-related and socially responsible laws have been enacted and many more are on the way. A lawsuit begins when a person (corporations, etc.) whose body or property is injured or damaged alleges that tile injury was caused by the acts of another and files a complaint. The person asserting the complaint is the plaintiff the person against whom the complaint is brought is the defendant. 

Sustainability overall objective for human beings formulated by the United Nations in the 1990s is to ensure sustainable development for future generations chemical companies have already started to translate this objective into their industry practice with respects to products developed and sold, energy and natural resource efficiency in their processes, climate protection, corporate social responsibility for the workforce as well as stakeholders in production and consuming areas sustainability as an objective also already inspired operations research and supply chain literature (see for example Zhou et al. 2000 Al-Sharrah et al. 2002)... 

Encouragement of the pharmaceutical industry to take a more active, direct, long-term responsibility for the safety of their products and customers, through reallocation of priorities and funds, as part of corporate social responsibility. 

Drug companies exist within a market economy and cannot be expected to deviate from the norms of that economy. By law, corporations have a "duty to put shareholders Interests above all others and no legal authority to serve any other interests" (Bakan 2004 36). Corporations are amoral they need to obey the law, but beyond that their obligation is to be as profitable as possible. Corporate social responsibility or anything that reduces profitability in the long term violates the corporation s fiduciary duty to its shareholders and leaves it vulnerable to a civil lawsuit. 

Industry perspectives on equity, access, and corporate social responsibility a view from the inside... 

As noted elsewhere in this volume, pharmaceutical companies have slowly come to recognize that they have social responsibilities that must be addressed beyond those associated with R D output. Multinational pharmaceutical corporations have a genuine desire to serve public health needs but are constrained by their obligation to shareholders and other factors. All companies aspire to be good corporate citizens in the communities and countries in which they operate and with the populations in which their products are used. 

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