Corporate Social Responsibilities

Question 1

What is CSR?

Answer 1

A management approach designed to show an organisation’s commitment to the social environment in which it operates.

Question 2

What does CSR suggest organisations should do (3)?

Answer 2

1. think beyond making money and pay attention to
   social and environmental issues.
2. behave in an ethical manner and demonstrate the
   highest level of integrity and transparency in all their operations.
3. be involved with the community they operate in
   terms of enhancing social welfare and providing community support.

Question 3

What does CSR involve?

Answer 3

An organisation’s voluntary activities which go beyond formal laws, regulations and economic goals and which help their community or society meet longer term or wider needs”