SPOTLIGHT INSIGHT
Corporate Social Responsibility (CSR) Bo DeDeker, Ed.D. UWSP Assistant Professor of Accounting
"Corporate social responsibility is not just about managing, reducing, and avoiding risk, it is about creating opportunities, generating improved performance, making money, and leaving the risks far behind." –Sunil Misser, Head of Global Sustainability Practice, PwC
Introduction Corporate sustainable responsibility (CSR) programs, combined with the advent of social accounting are quickly becoming the language of business. A balanced approach to harmonizing the needs of all the stakeholders on our planet (humans, plants, and animals) is needed to protect our delicate environmental and social structures. Governments and corporations will play a crucial role in educating and changing our behavior to help keep our planet viable and a safe place to call our home.
Climate Overview Conditions on our planet are changing rapidly; the human population has increased from 1 billion in the 1800s to 7.9 billion in 2020, placing pressure on the environmental carrying capacity of the earth. In August of 2021, the Intergovernmental Panel on Climate Change (IPCC), a collection of scientists sanctioned by the United Nations, issued their latest and most dire assessment about the state of our planet. Their report details how human activity has altered the earth’s environment at an unprecedented pace and cautioned that our world risks facing increasingly catastrophic impacts in the absence of rapid greenhouse gas reductions.
Central Wisconsin Report - Fall 2021
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