Social Responsibility begins with
the management level
. Managers make the initial decision to operate in an ethical or unethical manner.
A program to implement social responsibility in a business begins
with total commitment by top management
. The program should be planned carefully, and a capable director should be appointed to implement it. Social audits should be prepared periodically as a means of evaluating and revising the program.
- Environmental Responsibility. …
- Ethical Responsibility. …
- Philanthropic Responsibility. …
- Economic Responsibility.
- be legal.
- be ethical.
- be philanthropic.
“Social responsibility (is the) responsibility of
an organisation for the impacts of its decisions and activities on society and the environment through transparent and ethical behaviour that is consistent with sus- tainable development and the welfare of society; takes into account the expectations of stakeholders
; is …
- Reducing carbon footprints.
- Improving labor policies.
- Participating in fairtrade.
- Diversity, equity and inclusion.
- Charitable global giving.
- Community and virtual volunteering.
- Corporate policies that benefit the environment.
- Socially and environmentally conscious investments.
What is CSR and examples?
What is CSR and examples? CSR is
where businesses look at how they can better serve society as a whole
, thereby improving its public image and relations. Examples include Google that invested $1.5 billion into renewable energy, and Disney which invested $100 million in children’s hospitals.
(1)
Responsibility towards the Shareholders / Investors /Owners
. (2) Responsibility towards the Workers /Employees. (3) Responsibility towards the Consumers. (4) Responsibility towards the Government and Community.
What are the six main characteristics of CSR?
The six core characteristics of CSR follows as the features which shows how CSR is represented with different initiatives and processes ranging from
voluntary activities, managing external factors, stakeholder management, alignment of social and economic responsibilities, considering practices and values and finally
…
There are four key aspects of social responsibility:
ethical, legal, economic and philanthropic
.
What is CSR and its importance?
CSR stands for
Corporate Social Responsibility
and is a business’s approach to sustainable development by delivering economic, social and environmental benefits. It also encapsulates the initiatives by which a company takes responsibility for its effect on social and environmental well being.
What are the five main areas of CSR?
- Positive Press and Reputation Building. One of the most powerful effects of sustainable, responsible business is its ability to quickly generate positive publicity for an organization. …
- Consumer Appeal. …
- Talent Attraction and Employee Retention.
What is the main purpose of CSR?
The ultimate purpose of CSR is
to maximize shared value among organizations, employees
, customers, shareholders, and community members. While the precise value looks different for each of these stakeholders, the mutually beneficial nature of CSR initiatives can still be sustained.
Social responsibility means that
individuals and companies have a duty to act in the best interests of their environment and society as a whole
. … In general, social responsibility is more effective when a company takes it on voluntarily, as opposed to being required by the government to do so through regulation.
Social responsibility is an ethical theory in which individuals
are accountable for fulfilling their civic duty
, and the actions of an individual must benefit the whole of society. In this way, there must be a balance between economic growth and the welfare of society and the environment.
Two opposing perspectives to CSR have emerged resulting from different interpretations of the role of corporations in society—
business view and societal view
.
