Business Social Responsibility (Leaving Cert Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
Define CSR
Define CSR
Duty to behave ethically to stakeholders & wider community
4 core principles of CSR
4 core principles of CSR
Honesty, fairness, transparency, environmental awareness
CSR benefit: consumer impact
CSR benefit: consumer impact
Increased sales, higher profits, greater market share
CSR benefit: investor impact
CSR benefit: investor impact
Easier access to finance & better loan terms
CSR drawback: costs
CSR drawback: costs
Requires significant investment in time, resources & expenses
Business Working Responsibly Mark
Business Working Responsibly Mark
Ireland's only independently audited CSR standard (NSAI/ISO)
Fairtrade certification purpose
Fairtrade certification purpose
Supports lasting change for workers in developing countries
What is greenwashing?
What is greenwashing?
Marketing as eco-friendly without implementing real practices
CSR to employees: wages
CSR to employees: wages
Pay fair wages - at least minimum, reflecting skills & work
CSR to customers: quality
CSR to customers: quality
Deliver safe, reasonably priced products meeting descriptions