Business Ethics (Edexcel A-Level Religious Studies): Flashcards

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Corporate social responsibility
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CSR definition

Business responsibility beyond profit to community & environment

Friedman's view on business's only responsibility

Make profit for shareholders

Friedman calls CSR this political term

Propaganda for socialism

Thatcher PM years enabling profit focus

1979 to 1990

Trickle-down effect (CSR)

Businesses adopt CSR responsibilities beyond legal requirements once profitable

Creator of global CSR pyramid

Archie Carroll

Pret Foundation delivers what to homeless

Unsold food

Environmental standard Kenco meets

Rainforest Alliance standard

Google's carbon-free energy goal year

2030

Google's 80-20 project

1 day/week on personal interest projects

Starbucks cups to landfills per year

4 billion

Bentham & Mill on free markets

Promote greatest happiness

Kant's 2nd formulation for business

Treat people as ends in themselves, not means

FTSE4Good Index purpose

Shows companies w/ good CSR, attracts ethical investors

Google power reduction from green practices

50 percent average

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