CSR Considerations When Implementing Change (VCE SSCE Business Management): Flashcards

How businesses operate ethically while contributing to society

Measures performance: people, planet, profit

Social impact: employee wellbeing, fair labour, community engagement

Environmental: minimise waste/emissions, sustainable practices

Generated sustainably & ethically, supporting long-term viability

Employees, managers, customers, community, suppliers

Principles for honest & ethical conduct within the business

Giving back via charitable donations: money, time, expertise, goods

Foundation of strategy; should explicitly embed CSR commitments

Must be embedded in day-to-day activities, not one-off initiative