TY  - GEN
TI  - CSR Needs CPR: Corporate Sustainability and Politics
AU  - Lyon, Thomas
AU  - Delmas, Magali
AU  - Maxwell, John W
AU  - Bansal, Pratima
AU  - Chiroleu-Assouline, Mireille
AU  - Crifo, Patricia
AU  - Durand, Rodophe
AU  - Gond, Jean-Pascal
AU  - King, Andrew
AU  - Lenox, Michael
AU  - Toffel, Michael
AU  - Vogel, David
AU  - Wijen, Frank
PY  - 2018
PB  - HAL CCSD; University of California Press
LA  - eng
KW  - JEL: M - Business Administration and Business Economics • Marketing • Accounting • Personnel Economics/M.M1 - Business Administration/M.M1.M14 - Corporate Culture • Diversity • Social Responsibility
KW  - JEL: D - Microeconomics/D.D7 - Analysis of Collective Decision-Making/D.D7.D72 - Political Processes: Rent-Seeking
KW  - Lobbying
KW  - Elections
KW  - Legislatures
KW  - and Voting Behavior
KW  - JEL: Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q56 - Environment and Development • Environment and Trade • Sustainability • Environmental Accounts and Accounting • Environmental Equity • Population Growth
KW  - [SHS.ECO]Humanities and Social Sciences/Economics and Finance
KW  - [SHS.GESTION]Humanities and Social Sciences/Business administration
AB  - International audience ; Corporate social responsibility has gone mainstream, and many companies have taken meaningful steps towards a more sustainable future. Yet global environmental indicators continue to worsen, and individual corporate efforts may be hitting the point of diminishing returns. Voluntary action by the private sector is not a panacea-regulatory action by the public sector remains necessary. Such public sector progress will be more likely if it is supported by influential segments of the business community. Recent court rulings in the U.S. make it easy for companies to hide their political activities from the public, yet the indicators of CSR used by ratings agencies and socially responsible investment funds mostly ignore corporate political action. We argue that it is time for CSR metrics to be expanded to critically assess and evaluate firms based on the sustainability impacts of their public policy positions. To enable such assessments, firms need to become as transparent about their political activity as many have become about their CSR efforts, and CSR rating services and ethical investment funds need to demand such information from firms and include an assessment of corporate political activity in their ratings. † We thank the Albert and Elaine Borchard Foundation for their generous financial support.
UR  - https://halshs.archives-ouvertes.fr/halshs-01846042
DO  - 10.1177/0008125618778854
UR  - https://www.pollux-fid.de/r/base-ftparscheconomic:oai:HAL:halshs-01846042v1
H1  - Pollux (Fachinformationsdienst Politikwissenschaft)
ER  -