Environmental Corporate Social Responsibility and the Carbon Economy: A Case for CSR, the Triple Bottom Line and Obliquity

Abstract

Expenditure in pursuit of the goals of Corporate Social Responsibility (CSR) is increasingly compatible with profit-maximisation. The benefits of adopting CSR can have significant advantages for both shareholders and the environment, particularly when undertaken voluntarily. But another factor in favour of CSR is the oblique pressures brought to bear from a sense of moral obligation, a more ethical approach, sweeping into boardrooms. Obliquity may achieve even more than direct measures.