Corporate Social Responsibility

by David Allen
access120 days access
cpd hours4 CPD hours

This course will enable you to:

  • Identify the reasons behind the growing interest in Corporate Social Responsibility
  • Understand the current thinking on the environmental and social responsibilities of business
  • Understand how concepts of fairness and equality affect Corporate Social Responsibility
  • Understand the processes required for risk management to be put in place
  • Develop an understanding of a corporation's place in the community

The topic of the corporation's place in society has been debated over several decades but there has been a noticeable increase in the attention paid to it recently. In particular, there has been a focus on how enterprises align their economic considerations with social and environmental ones. Various terms have been used but Corporate Social Responsibility seems to be the favourite.

Corporate Social Responsibility looks at the wider responsibilities of businesses to society at large. It explores the problems brought about by damage to the physical environment (pollution and degradation and resources) and the risks and opportunities they engender for individual enterprises. The course looks at the increasing amount of regulation and guidance, such as on diversity and fair trade, and outlines the vital role that the finance function can play.

Corporate Social Responsibility is part of Nelson Croom's Issues and Debates suite of learning. Issues and Debates courses stimulate intelligent dialogue and debate and provide a valuable and evolving resource of professional knowledge and experience. These courses are topical, practical and highly relevant to today's changing market. Each module is split into two activities: Understanding the issues and Putting it into practice. The first encourages learners to think about a topic, drawing on their own professional experience and knowledge. The second helps them put ideas and/or theories into practice as part of their day-to-day work.

The Context

  • Introduction
  • The global scene
  • Stakeholders
  • Overarching guidance

The environment

  • Fairness
  • A complex problem
  • Climate change
  • Sustainability


  • Shared values
  • High pay
  • Diversity
  • Community


  • Fair trade
  • Capitalism
  • Long termism
  • Epilogue

David Allen CBE, MPhil, FCMA, FCIS was employed for many years by the Cadbury Schweppes group, holding directorships of various companies, latterly Cadbury Ltd. Whilst with the group, he coined the expression Strategic Financial Management to refer to an approach which enabled the finance function to play a proactive role in the formation and monitoring of strategy, and offered an antidote to short-termism.

During that period he was also president of the Chartered Institute of Management Accountants (CIMA), chairman of the Management Accounting stream of the International Federation of Accountants, a visiting professor at Loughborough University Business School and a member of the Review Panel of the Financial Reporting Council.

He retired from all of the above in order to concentrate on the promulgation of the concept and practice of Strategic Financial Management, through the medium of S. F. M. Ltd. This involved writing, lecturing and consulting, and led to a number of non-executive directorships in private and public sectors.

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Verifiable CPD
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  1. Was the learning activity relevant to your career?
  2. Can you explain how you will apply the learning in the workplace?

You select courses that meet these criteria, and as you complete each course you get a CPD certificate so you can provide ACCA with the evidence that you undertook the learning activity.

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