The trend for business to get involved in controversial political debates in the name of ‘corporate social responsibility’ (CSR) is gathering pace.
Earlier this month, BHP Chief Executive Andrew Mackenzie announced that the ‘Big Australian’ would be ramping up its climate change policy. Not only will executive pay be linked to reducing the company’s greenhouse emissions, but BHP will also begin monitoring and seeking to reduce the carbon emissions of its customers.
My work on the CSR phenomenon has stressed that there may be legitimate commercial reasons for companies to proactively address environmental issues to protect the financial interests of shareholders.
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