Abstract
Corporate social responsibility (CSR) policies are evidenced by adopting socially relevant business practices for people, communities, companies, and related institutions. Based on this conception, the present work determines the incidence of ethics and CSR on practices regarding diversity, environment, and community of Chilean companies. The method, applied to a sample of 3179 Chilean companies, was descriptive and correlational. Results demonstrate an incipient level of standardization in the adoption of social responsibility practices. The dimension regarding diversity presented a higher cumulative correlation coefficient, which could lead to a change in CSR practices. It is concluded that the collective impact of the ethics and CSR policies was positive and significant in the adoption of practices related to diversity, environment, and community.
Highlights
In recent decades, it has been evidenced that public and private entities have established various Corporate Social Responsibility policies [1]
Corporate social responsibility (CSR) practices’ adoption has a significant and positive impact on formalizing policies related to community support by Chilean companies
According to the analysis carried out, this research allows us to conclude that the adoption of CSR practices in its various dimensions is in a phase of incipient standardization
Summary
It has been evidenced that public and private entities have established various Corporate Social Responsibility policies [1]. A universal model that fully encompasses the phenomenon has not been generated [2]. SA8000 and the ISO 26.000 in CSR implementation in the European manufacturing industry, concluding that it is unclear how technical and production departments can commit to these standards. Hahn (2013) [7] points out that there is still no coherent understanding of what social responsibility encompasses, and that many companies lack a strategic approach for implementation. Rodríguez & Ramos (2018) [5] conclude that clients become motivated when ethical standards impact their immediate environment, and Grover et al (2019) [3] conclude that the most influential Executive Directors (CEOs) in social networks strategically include stakeholders, increasing consumer loyalty
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