What is the motivation for these companies to fund CSR programs? When asked, 92 percent stated...

 

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What is the motivation for these companies to fund CSR programs? When asked, 92 percent stated that enhancing corporate reputation was very important. Other popular responses were for recruiting and retention (78 percent) and reducing risk (65 percent). a. In the summer of 2015, Volkswagen was touting on its corporate website that it was one of only two automakers to E listed in both the Dow Jones Sustainability Index (DJSI) World and DJSI Europe. It was considered a "best in ESG class" firm. Unfortunately, in September of that year the news broke that Volkswagen had programmed some of its c to cheat on the diesel emissions tests. This event has had significant ramifications for Volkswagen's relationships with its customers, investors, and regulatory agencies around the world. Investigate this story and describe what has happened to Volkswagen since this scandal broke. b. What activities might companies engage in to satisfy the four components of corporate citizenship: economic, legal, ethical, and philanthropic? c. By embracing citizenship goals, assess whether corporations can insulate themselves from many activist actions, thereby avoiding negative media events. Sources: United Nations, 2015, "Principles for Responsible Investment," http://www.unpri.org, and David Vidal, "Reward Trumps Risk: How Business Perspectives on Corporate Citizenship and Sustainability Are Changing." Executive Action Series, The Conference Board, No. 216, November 2006. What is the motivation for these companies to fund CSR programs? When asked, 92 percent stated that enhancing corporate reputation was very important. Other popular responses were for recruiting and retention (78 percent) and reducing risk (65 percent). a. In the summer of 2015, Volkswagen was touting on its corporate website that it was one of only two automakers to E listed in both the Dow Jones Sustainability Index (DJSI) World and DJSI Europe. It was considered a "best in ESG class" firm. Unfortunately, in September of that year the news broke that Volkswagen had programmed some of its c to cheat on the diesel emissions tests. This event has had significant ramifications for Volkswagen's relationships with its customers, investors, and regulatory agencies around the world. Investigate this story and describe what has happened to Volkswagen since this scandal broke. b. What activities might companies engage in to satisfy the four components of corporate citizenship: economic, legal, ethical, and philanthropic? c. By embracing citizenship goals, assess whether corporations can insulate themselves from many activist actions, thereby avoiding negative media events. Sources: United Nations, 2015, "Principles for Responsible Investment," http://www.unpri.org, and David Vidal, "Reward Trumps Risk: How Business Perspectives on Corporate Citizenship and Sustainability Are Changing." Executive Action Series, The Conference Board, No. 216, November 2006.

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Answer Step by Step Explanation iCorporate Social Responsibility CSR is a business model which helps ... View the full answer