Module 6- The CSR of ART + The Art of the CSR Reporting

Question 1

What is social auditing?

Answer 1

Systematic assessment of a company’s social impact beyond what’s covered in the traditional financial reports (think of it as the social health of a company)

Question 2

What does CSR reporting stand for and what does it mean?

2pts

Answer 2

• Corporate sustainability reporting
• Documents and communicates a company’s economic, ethical/social and environmental impact to stakeholders.

Question 3

Why is CSR reporting necessary?

3pts

Answer 3

• To help maintain the corporations reputation
• To sustain corporate profitability
• To meet the demands of stakeholders

Question 4

What is an important reason for social reporting ?

Answer 4

To sustain the corporations reputation, which is their image and the “character” of a corporation

Question 5

CSR reporting is expected and even demanded by who?

9pts

Answer 5

• Shareholders and financial institution
• Media
• Charity
• Service professionals
• Employee
• Consumer
• Government
• Non- government agencies (NGO’s)
• Society at large

Question 6

What is the relationship between CSR and profitability?

Negative or positive ?

Answer 6

Positive relationship

Question 7

Several organizations are establishing standards to be used in social auditing, which in turn determine the contents of CSR
reports. What are the 3 organizations assisting managers in this area?

Which one is a widely used guideline?

3pts

Answer 7

• The Conference Board of Canada
• The Accountability Project,
• The Global Reporting Initiative (widely used guideline)

Question 8

What does Carroll’s Pyramid of Corporate Social Responsibility look like?

4pts

Answer 8

Bottom to top:

• “Be profitable” - Economic- Required
• ” Obey the law” - Legal- Required
• “Be ethical” - Ethics- Expected
• “Be a good corporate citizen” - Philanthropic- Desired