What Are The Pros And Cons Of Social Accountability

1136 Words5 Pages
Corporate social responsibility and social accountability is still a newer function that is continually changing and evolving in organizations. CSR and accountability in organizations focus on improving society and the environment. According to the article, Corporate Social Responsibility: Who’s responsible, “Virtually every Fortune 1000 company has some type of CSR initiative and policy, and smaller companies are becoming increasingly active in CSR. CSR efforts are now an integral part of business culture and are on their way to becoming a standard business practice in American industry”. Since over 1000 Fortune 1000 companies utilize CSR into their organization’s business practices, there are many different ways to measure their effectiveness.…show more content…
One of the methods to measure corporate social responsibility and accountability is using the triple bottom line concept. The concept consists of three Ps: profit, people and planet. It aims to measure the financial, social and environmental performance of a corporate over a period of time (The Economist, 2009). One of the pros of using TBL is it's a tool to frame business in optimizing and communicating investment alignment with economic, environmental, and social performance. Another advantage is the business mindset frames itself for success with building your communities. They are focusing on people, planet, and profit to utilize these tools for success in their company. One of the cons of TBL is the difficulty to quantify social and environmental aspects. When a business makes a commitment to the environment, it is very hard to quantify the impact. Another disadvantage of the TBL is creating an interesting scenario to shareholders. A business is always trying to maximize returns for shareholders. The benefits of any social and environmental impacts can create conflicts for business when using triple bottom line…show more content…
The program’s financial cap is set at $12,000 (over four years), and is available to employees after they have been with the company for at least one year. The company’s Career Choice Program has an interconnection to its environmental initiatives. “According to the annual National Solar Jobs Census, one in 50 new jobs created in 2016 was in the solar industry across the country, which is a 25 percent increase from the previous year” (Solar Power Delivers, 2017, para.4). Therefore, in hopes of having solar panels installed on fulfillment center rooftops by former Amazon employees, the company decided to expand on its Career Choice Program by offering funding towards employees’ pursuit of North American Board of Certified Energy Practitioners (NABCEP)

More about What Are The Pros And Cons Of Social Accountability

Open Document