B Com Exam > B Com Questions > what is corporate social responsibility,e exp...
Start Learning for Free
what is corporate social responsibility,e explain in detail?
Verified Answer
what is corporate social responsibility,e explain in detail? Related: ...
Movement aimed at encouraging companies to be more aware of the impact of their business on the rest of society, including their own stakeholders and the environment.
Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders.
CSR is a concept with many definitions and practices. The way it is understood and implemented differs greatly for each company and country. Moreover, CSR is a very broad concept that addresses many and various topics such as human rights, corporate governance, health and safety, environmental effects, working conditions and contribution to economic development. Whatever the definition is, the purpose of CSR is to drive change towards sustainability.
Although some companies may achieve remarkable efforts with unique CSR initiatives, it is difficult to be on the forefront on all aspects of CSR. Considering this, the example below provides good practices on one aspect of CSR – environmental sustainability.
Example
Unilever is a multinational corporation, in the food and beverage sector, with a comprehensive CSR strategy. The company has been ranked ‘Food Industry leader’ in the Dow Jones Sustainability World Indexes for the 11 consecutive years and ranked 7th in the ‘Global 100 Most Sustainable Corporations in the World’.
One of the major and unique initiatives is the ‘sustainable tea’ programme. On a partnership-based model with the Rainforest Alliance (an NGO), Unilever aims to source all of its Lipton and PG Tips tea bags from Rainforest Alliance Certified™ farms by 2015. The Rainforest Alliance Certification offers farms a way to differentiate their products as being socially, economically and environmentally sustainable
This question is part of UPSC exam. View all B Com courses
|
|
Explore Courses for B Com exam
|
|
Similar B Com Doubts
what is corporate social responsibility,e explain in detail? Related: Free consent - Contract, Business Law
Question Description
what is corporate social responsibility,e explain in detail? Related: Free consent - Contract, Business Law for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about what is corporate social responsibility,e explain in detail? Related: Free consent - Contract, Business Law covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is corporate social responsibility,e explain in detail? Related: Free consent - Contract, Business Law.
what is corporate social responsibility,e explain in detail? Related: Free consent - Contract, Business Law for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about what is corporate social responsibility,e explain in detail? Related: Free consent - Contract, Business Law covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is corporate social responsibility,e explain in detail? Related: Free consent - Contract, Business Law.
Solutions for what is corporate social responsibility,e explain in detail? Related: Free consent - Contract, Business Law in English & in Hindi are available as part of our courses for B Com.
Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of what is corporate social responsibility,e explain in detail? Related: Free consent - Contract, Business Law defined & explained in the simplest way possible. Besides giving the explanation of
what is corporate social responsibility,e explain in detail? Related: Free consent - Contract, Business Law, a detailed solution for what is corporate social responsibility,e explain in detail? Related: Free consent - Contract, Business Law has been provided alongside types of what is corporate social responsibility,e explain in detail? Related: Free consent - Contract, Business Law theory, EduRev gives you an
ample number of questions to practice what is corporate social responsibility,e explain in detail? Related: Free consent - Contract, Business Law tests, examples and also practice B Com tests.
|
|
Explore Courses for B Com exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup