Abstract

In this chapter we will discuss the ethical foundations of CSR. The chapter consists of three major parts. First, we discuss three different approaches to CSR, namely (a) an instrumental approach, (b) an ethical approach and (c) a hybrid approach, attempting to combine the instrumental and the ethical approach. We will conclude that the ethical approach to CSR is the most reasonable of the three alternatives. Second, we introduce some of the most influential ethical theories and their key principles, namely (a) the utilitarian principle of maximizing well-being, (b) theories of rights, and (c) social contract principles concerning fairness, and discuss how they might relate to CSR in general. Third, we present and discuss some specific ethical challenges characteristic for CSR including whether companies should focus solely on avoiding harmful actions or whether they also have obligations to actively do good.

Original languageEnglish
Title of host publicationCorporate Social Responsibility : Challenges, Opportunities and Strategies for 21st Century Leaders
EditorsJohn O. Okpara, Samuel Idowu
Number of pages17
Place of PublicationBerlin
PublisherSpringer Publishing Company
Publication date2013
Pages17-33
Chapter2
ISBN (Print)9783642409745
ISBN (Electronic)9783642409752
DOIs
Publication statusPublished - 2013
SeriesCSR, sustainability, ethics & governance

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