*WP - Corporate Social Responsibility Flashcards

1
Q

Varying ways an organization can create value, looking beyond traditional profit measures of revenue and expenses; includes such areas as philanthropy, volunteerism, corporate-sponsored community programs, social change, sustainability, corporate governance, employee rights, and workplace safety.

A

Corporate social responsibility (CSR)

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2
Q

System of rules and processes set up by an organization to ensure its compliance with local and international laws, accounting rules, ethical norms, internal codes of conduct, and other standards.

A

Governance

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3
Q

Practice of purchasing and using resources wisely by balancing economic, social, and environmental concerns, with the goal of securing the interests of present and future generations.

A

Sustainability

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4
Q

Set of behavioral guidelines that an organization expects all of its directors, managers, and employees to follow to ensure appropriate moral and ethical business standards.

A

Ethics

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5
Q

Economic, social, and environmental impact metrics used to determine an organization’s success.

A

Triple bottom line

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6
Q

State of being in accordance with all national, federal, regional, and/or local laws, regulations, and/or other government authority requirements applicable to the places in which an organization operates.

A

Compliance

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