Corporate social responsibility and Country risk: Difference between pages

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''Corporate governance''.
''Risk management''


(CSR).
The risk that a country or an entity within a country will not be able to honour its financial obligations.  


Corporate social responsibility is a form of corporate self-regulation integrated into a business model.
Exposures can arise from - for example:


It includes the acceptance by commercial organisations that they have wider ranging and longer term responsibilities, beyond the short and medium term financial interests of financial stakeholders. 
*Interruption of business at the country level (political sovereign risk)
 
*Currencies being blocked from cross-border repatriation (transfer risk) and  
 
*Central bank liquidity shortages preventing conversion (convertibility risk).
Ideally, CSR policy is a built-in, self-regulating mechanism where the business or other organisation  monitors and ensures its adherence to law, ethical standards, and international norms.
 
The organisation embraces responsibility for the impact of its activities on the environment, consumers, employees, communities, other stakeholders and all other members of the public sphere.
 
The organisation also proactively promotes the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere.
 
 
All this means both:
#Adherence to existing laws and  
#Acting in a way that is significantly better than the minimum standards required by law.
 
 
Corporate social responsibility is also sometimes known as ''corporate responsibility'' or ''corporate citizenship''.




== See also ==
== See also ==
* [[Business & Human Rights Resource Centre]]
* [[Exposure]]
* [[Business in the Community]]
* [[Political risk]]
* [[Carbon footprint]]
* [[Corporate]]
* [[Corporate governance]]
* [[ESG investment]]
* [[ESG ratings]]
* [[Ethics]]
* [[Fair trade]]
* [[Free trade]]
* [[Green equity]]
* [[Greenwash]]
* [[Modern Slavery Act]]
* [[Profit maximisation]]
* [[Public interest]]
* [[Reporting]]
* [[Self-regulation]]
* [[SRI]]
* [[Stakeholder]]
* [[Sustainability]]
* [[Sustainability-Linked Loan Principles]]
* [[Total Societal Impact]]
 
[[Category:Corporate_finance]]
[[Category:Ethics]]

Revision as of 11:23, 18 March 2017

Risk management

The risk that a country or an entity within a country will not be able to honour its financial obligations.

Exposures can arise from - for example:

  • Interruption of business at the country level (political sovereign risk)
  • Currencies being blocked from cross-border repatriation (transfer risk) and
  • Central bank liquidity shortages preventing conversion (convertibility risk).


See also

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