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Catholic Social Teaching As An Explanation Of Firm’S Environmental Impact: Evidence From Heavy Manufacturing Sector, Anne Hetson
Catholic Social Teaching As An Explanation Of Firm’S Environmental Impact: Evidence From Heavy Manufacturing Sector, Anne Hetson
Senior Honors Projects
Catholic Social Teaching theory is examined to identify business variables consistent with Papal Encyclicals. We identified top compensation (pay disparity), stock options (employee autonomy), and number of employees (primacy of labor over capital) as factors that are consistent with Catholic Social Teaching. We then used the “CSR Hub” environmental scores of manufacturing firms. We chose to look at manufacturing companies because of their potential for environmental impact. We find that firms that are consistent with Catholic Social Teaching have stronger environmental practices. Specifically, our research suggests that the greater the investment in labor, measured by cost of goods sold per …