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Essay Details:
Essay text:
Even when ethical funds perform well, there has been criticism that the positive performance would be short lived”.
Australian Stock Exchange
asx.com 2007
1. What is corporate social responsibility?
In relation to social responsibility, in the corporate sense (relevant to Westpac): corporate social responsibility refers to “the firm’s considerations of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social [and environmental] benefits along with the traditional economic gains which the firm seeks” (Aguilera, 2007).
There are a number of views on the concept of corporate social responsibility, and whether or not is it sustainable for a corporation to uphold social responsibilities in congruence with its economic goals and profit maximisation...
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