Corporate Social Responsibility (CSR) is a business practice that takes into account the ethical, social, and environmental impacts of a company's operations. It is a way for companies to be accountable for their actions and be socially responsible for the effects they have on society and the environment. It encompasses a company's policies, programs, and initiatives to give back to society and protect the environment.
Corporate Social Responsibility
Corporate Social Responsibility (CSR) Stakeholder Theory Triple Bottom Line
In 2018, Microsoft spent $1.7 billion on corporate social responsibility initiatives. The UK’s top 100 companies alone invest almost £3 billion in corporate social responsibility initiatives each year. In 2017, more than 11,000 companies in the U.S. reported their corporate social responsibility initiatives to the Sustainability Accounting Standards Board (SASB).
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What is an example of a company that has done a great job with their Corporate Social Responsibility program?
What are the key components of a successful Corporate Social Responsibility program?
What is your opinion of the importance of Corporate Social Responsibility?
What do you think could be done to improve Corporate Social Responsibility initiatives?
Brain break: Draw a monkey chasing a banana and a ice cream cone on roller skates
Question: How can a business incorporate Corporate Social Responsibility into their everyday operations? Clues: • What are some current initiatives taken by other businesses to incorporate CSR? • What resources are available to help businesses implement strategies for CSR? • What are some potential benefits for businesses to incorporate CSR? In pairs: Select and solve one of the tasks: A. In pairs, brainstorm ideas on how to incorporate CSR into daily operations. B. Create a drawing to explain your solution to the problem.
What does CSR stand for in business?
- Cost-Saving Ratio
- Corporate Social Responsibility
- Customer Satisfaction Rating
Which of the following is NOT a key focus area of CSR?
- Community development
- Environmental sustainability
- Maximizing shareholder profits
'Triple bottom line' refers to the consideration of what three aspects in CSR?
- Product, pricing, promotion
- Public relations, partnerships, philanthropy
- People, planet, profit
What is the primary goal of CSR initiatives?
- To have a positive impact on society and the environment while maximizing business value
- To reduce costs and increase profitability
- To improve employee morale and job satisfaction
Which famous coffee company is known for its extensive CSR initiatives including fair trade practices and environmental sustainability?
- Dunkin' Donuts
Work together in pairs: What is one way that a company can demonstrate corporate social responsibility?