4.7 Corporate Social responsibility

Question 1

Define Corporate Social Responsibility

Answer 1

The commitment by organizations to conduct their business in a ethical manner, to take responsibility for the economic, social and environmental consequences of their activities, and to be accountable to a wide range of stakeholders.

Question 2

Explain Environmental concerns and planning the production of goods and services

Answer 2

Awareness of the environmental impact of a business can benefit both the company itself and society as a whole.

Question 3

How does being concerned with the environmental impacts good for a business

Answer 3

Being environmentally friendly can save a business money and can attract customers who are more willing to support businesses they believe are contributing to society in a positive way.

Question 4

What should Environmentally planning of a business include?

Answer 4

It should include

• The steps taken to reduce the impact of environmental risk
• Putting in place practices to control the risks
• Then developing an action plan for use if environmental issues arise