Question
Corporate social responsibility (CSR) involves acting as a good corporate citizen, satisfying the needs of many stakeholders, and reducing adverse effects caused by the organisation's activities. True False
Answer
4.1
(130 Votes)
Zoe
Master · Tutor for 5 years
Answer
True
Explanation
## Corporate social responsibility (CSR) is a self-regulated business tool that aligns a company's practices with the expectations and values of stakeholders— including investors, customers, employees, government regulators, and the environment.## CSR goes beyond compliance with statutory obligations and engages in actions that appear to further some social good, highlighting ethical conduct and comprehensive engagement with an entity's community. This covers taking steps, such as adopting sustainable business practices, that result in positive societal impact.## Efficient CSR behaviors show that corporations are conscious of the kind of influence they wield in society. Thus, by satisfying the needs of various stakeholders and reducing adverse effects of the organisation's processes, a company does act as a good corporate citizen.