TY - JOUR AU - Norton, Simon AB - Journal of General Management Vol. 27 No. 3 Spring 2002 Socially Responsible Investment in the UK: Drivers and Current Issues by Jill Solomon, Aris Solomon and Simon Norton How seriously are institutional shareholders taking corporate social responsibility? Is it mere tokenism? Recent years have witnessed an increasing awareness of a need for greater corporate social responsibility (CSR). The far-reaching influence that multinational companies have on the environment, use of natural resources, employees and other stakeholders, and society in general is now broadly acknowledged. Society has realised that unless companies take account of the environmental, social and ethical issues in their business decisions then future social welfare is in question. Serious repercussions from socially irresponsible behaviour have highlighted the need to pay attention to, and influence, corporate actions. Exxon Valdez, Brent Spar, Nike and Huntingdon Life Science present just a handful ofnotorious examples which have shown companies in a negative light. The growth of CSR has been spurred on by the actions of lobby groups such as Greenpeace and Friends of the Earth as well as by human rights campaigners such as Third World First. However, it is evident that the corporations themselves suffer substantial financial losses as a result TI - Socially Responsible Investment in the UK: Drivers and Current Issues JF - Journal of General Management DO - 10.1177/030630700202700302 DA - 2002-03-01 UR - https://www.deepdyve.com/lp/sage/socially-responsible-investment-in-the-uk-drivers-and-current-issues-8cFUGfNSzS SP - 1 EP - 13 VL - 27 IS - 3 DP - DeepDyve ER -