CSR Week 1

Question 1

The definition of CSR?

Answer 1

CSR is a concept whereby companies integrate social and
environmental concerns in their business operations and in their
interaction with their stakeholders on voluntary basis.’

Question 2

What are the dimensions of CSR?

Answer 2

1. CSR to customers
2. CSR to human rights
3. CSR to leadership
4. CSR to local community
5. CSR to natural environment
6. CSR to ethical behavior
7. CSR to employees

Question 3

What are the principles of CSR?

Answer 3

a) Sustainability: Society must use no more resources than can be
regenerated
b) Accountability: Action taken by an organisation affects the external environment and is ready to assume responsibility
c) Transparency: External impact of the action (taken by the organisation) can be determined, and relevant facts are accessible to public (not disguised)

Question 4

What is the Triple Bottom Line strategy (3Ps)?

Answer 4

1. People (Society)
2. Planet (Environment)
3. Profit/prosperity (Economics)