CSR Arguments against CSR

·      Businesses are owned by their shareholders-thus any money they spend on social
responsibility is effectively theft from those shareholders who can, after all
decide for themselves if they want to do things beyond mere compliance, donate
to charitable causes or have business standards which are convenient to them.

Explanation: This is the most commonly voiced
argument of those questioning the viability of CSR today. CSR does not mean
that a company should give away their money that rightfully belongs to the
shareholders to charity just for the sake of it. If CSR is seen as a process by
which the business managers its relationships with a variety of influential
stakeholders who can have a real influence on its license to operate, the
business case becomes immediately apparent.

·      It is the responsibility of the politicians to deal with social issues. It is mot
the role of a corporation to get involved in social issues.

Explanation: Due to the on-going globalization,
businesses today have greater power to leverage to induce changes in public policies
and achieve better results than the government institutions.

Management has to concentrate on a company’s core business and cannot spend resources on
CSR. CSR might make sense if perceived not as extra work but to integrate it
with core business like designing environmental systems, waste management
systems, recycling paper, water and other resources which will contribute to
the generation of future profits just like any other investments.