What Is Corporate Social Responsibility? (VCE SSCE Business Management): Flashcards
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Practise the cards
10 cards from this deck
CSR definition
CSR definition
Ethical conduct with economic, social, environmental responsibility
Key CSR principle
Key CSR principle
Goes beyond minimum legal requirements
Triple bottom line dimensions
Triple bottom line dimensions
Profit (economic), people (social), planet (environmental)
Sustainability definition
Sustainability definition
Meeting present needs without compromising future generations
Corporate governance principles (4)
Corporate governance principles (4)
Accountability, transparency, fairness, responsibility
UN Global Compact
UN Global Compact
World's largest corporate sustainability initiative
ISO 14001
ISO 14001
Standard for environmental management systems
CSR impact on employees
CSR impact on employees
Attracts & retains talented staff
CSR impact on customers
CSR impact on customers
More likely to buy from responsible businesses
CSR vs sustainability timeframe
CSR vs sustainability timeframe
CSR short-term actions, sustainability long-term planning