Comments on: Will corporate social responsibility survive the bust? http://www.corporateresponsibility.net/2008/09/16/will-corporate-social-responsibility-survive-the-bust/ Corporate Responsibility (CSR) News, blogs and information Wed, 09 Dec 2009 14:43:13 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Roy Wares http://www.corporateresponsibility.net/2008/09/16/will-corporate-social-responsibility-survive-the-bust/comment-page-1/#comment-1485 Roy Wares Thu, 18 Sep 2008 19:24:36 +0000 http://www.corporateresponsibility.net/?p=522#comment-1485 One key effect of the present financial woes, is an increasingly widespread distrust in the transparency of business transactions. Is there any reason to believe that environmental and sustainability initiatives are any more transparent than financial transactions ? One key effect of the present financial woes, is an increasingly widespread distrust in the transparency of business transactions. Is there any reason to believe that environmental and sustainability initiatives are any more transparent than financial transactions ?

]]> By: Karl Ramjohn http://www.corporateresponsibility.net/2008/09/16/will-corporate-social-responsibility-survive-the-bust/comment-page-1/#comment-1453 Karl Ramjohn Tue, 16 Sep 2008 18:40:53 +0000 http://www.corporateresponsibility.net/?p=522#comment-1453 The industries related to CSR will survive, since many aspects such as environmental compliance are legally required. Some elements may be economy-dependent, such as the importance of public perceptions of "reputation" in consumer decision-making. But many of the driving motivations around a company's reputation in terms of environmental and social issues will not necessarily dissipate. I believe that a more likely scenario would be reduction in the in-house or internal departments dealing with CSR related issues, and an increase in external consultants, retained by companies on a contract or as-needed basis, to address specific issues or requirements. The industries related to CSR will survive, since many aspects such as environmental compliance are legally required.

Some elements may be economy-dependent, such as the importance of public perceptions of “reputation” in consumer decision-making.

But many of the driving motivations around a company’s reputation in terms of environmental and social issues will not necessarily dissipate.

I believe that a more likely scenario would be reduction in the in-house or internal departments dealing with CSR related issues, and an increase in external consultants, retained by companies on a contract or as-needed basis, to address specific issues or requirements.

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