ABSTRACT

The Global Compact was designed to encourage businesses to make a positive contribution to the social, economic and environmental well-being of the world's population. The business case refers to the rationale that would support a business accepting and advancing the corporate social responsibility "cause." The connection of legal responsibility to the moral perspective is that laws and regulations constitute but one category of compliance and only partially fulfill the social contract between business and society. Empirical research on the business case for corporate social responsibility has employed statistical analyses to account for the causality between social and financial performance. Social justice is thus equated with the notion of equality or equal opportunity. The issue of social justice has been controversial since the term was used in the writings of Thomas Paine, an English-American political activist, philosopher, political theorist and revolutionary, and was then becoming a motive for the 1848 revolutions in Europe.