Which of the following statements is true about corporate social responsibility? ... Corporations should be accountable for any actions that affect people, their communities, and the environment .
Which of the following statements is true about corporate social responsibility? ... Corporations should be accountable for any actions that affect people, their communities, and the environment .
- Understanding the Elements of Corporate Social Responsibility. ...
- Ethical Actions. ...
- Legal Aspects. ...
- Economic Interests. ...
- Philanthropic Responsibilities.
The four components of corporate social responsibility are economic, legal, ethical and discretionary .
Corporate social responsibility (CSR) is a company’s commitment to manage the social, environmental and economic effects of its operations responsibly and in line with public expectations .
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.
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.
- Environmental Responsibility. ...
- Ethical Responsibility. ...
- Philanthropic Responsibility. ...
- Economic Responsibility.
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 kinds of social responsibility: legal, ethical, economic and philanthropic .
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 are the five components of CSR?
- Environment.
- Ethical Corporate Social Investment (CSI)
- Health and safety.
- Corporate governance.
- Business ethics.
- Employment equity.
- Supply chain/Distribution channel.
- Customers.
What are the three aspects of CSR?
- Economic aspects.
- Social aspects.
- Environmental and Ecological aspects.
Which of the following best describes CSR?
Which of the following best describes social responsibility? ... Refers to human beings and to the social structures they collectively create . Society. Systems theory helps us understand how business and society, taken together, form an interactive social system.
What is CSR strategy?
What is CSR strategy? CSR strategy is the comprehensive plan companies and funders use to design, execute, and analyze their corporate social responsibility initiatives . It includes specific focus areas, program design, promotion and communication approaches, and evaluation procedures.
- Transparency on progress towards communicated goals.
- Strategic alignment between a company’s services and their CSR work.
- Buy-in from senior leadership.
- Demonstrated understanding of the issues being addressed by organizations.
