A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Conceptualizing a credits trading approach towards corporate social responsibility credits
Life Cycles of both products and services significantly consume renewable and non-renewable resources across a worldwide scale. Thus, eliciting an enormous environmental impact, that is known to disproportionately instigate crises into the socio-economic and political domains of our civilization. Therefore, Creation of Shared Value and Corporate Social Responsibility (CSR) have been considered by Policy makers, Public and Private Institutions. In addition to Corporate Philanthropy, CSR practices also encompass a wide spectrum of activities, including Stakeholder safety/welfare, designing sustainable products and ecological restoration to name a few which are ascertained to capital and knowledge intensive in nature. Therefore, this paper primarily structures the scope of CSR and proposes a mechanism for trading Corporate Social Responsibility credits in order to incentivize stakeholder centered business practices. Furthermore, the CSR credits trading methodology would entail similar mechanisms used by its remotely successful predecessors namely, tax incentives, tradable credits/certificates and flexible mechanisms for implementing sustainable projects. The CSR credits trading methodology is envisioned to entail a more holistic approach towards overall Sustainability when compared to Carbon Offsets/Renewable Energy Certificates which are more focused towards reducing the environmental footprint. ; The author acknowledges the contribution of MIT Portugal Program, University of Minho and Fundação para a Ciência e Tecnologia (FCT), Portugal (Foundation Of Science and Technology, Portugal) for the scholarship grant SFRH / BD / 33794 / 2009.
Conceptualizing a credits trading approach towards corporate social responsibility credits
Life Cycles of both products and services significantly consume renewable and non-renewable resources across a worldwide scale. Thus, eliciting an enormous environmental impact, that is known to disproportionately instigate crises into the socio-economic and political domains of our civilization. Therefore, Creation of Shared Value and Corporate Social Responsibility (CSR) have been considered by Policy makers, Public and Private Institutions. In addition to Corporate Philanthropy, CSR practices also encompass a wide spectrum of activities, including Stakeholder safety/welfare, designing sustainable products and ecological restoration to name a few which are ascertained to capital and knowledge intensive in nature. Therefore, this paper primarily structures the scope of CSR and proposes a mechanism for trading Corporate Social Responsibility credits in order to incentivize stakeholder centered business practices. Furthermore, the CSR credits trading methodology would entail similar mechanisms used by its remotely successful predecessors namely, tax incentives, tradable credits/certificates and flexible mechanisms for implementing sustainable projects. The CSR credits trading methodology is envisioned to entail a more holistic approach towards overall Sustainability when compared to Carbon Offsets/Renewable Energy Certificates which are more focused towards reducing the environmental footprint. ; The author acknowledges the contribution of MIT Portugal Program, University of Minho and Fundação para a Ciência e Tecnologia (FCT), Portugal (Foundation Of Science and Technology, Portugal) for the scholarship grant SFRH / BD / 33794 / 2009.
Conceptualizing a credits trading approach towards corporate social responsibility credits
Hede, Shantesh (author) / Ferreira, Paula Varandas (author) / Nunes, Manuel L. (author) / Rocha, Luís A. (author)
2013-05-09
Conference paper
Electronic Resource
English
DDC:
690
Online Contents | 2004
Online Contents | 2004
Online Contents | 2008
Online Contents | 2014
Online Contents | 2010