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Corporate Social Responsibility (CSR) Means That Companies Must Assess and Take Responsibility for Their Effect on the Environment and

Question

Corporate social responsibility (CSR) means that companies must assess and take responsibility for their effect on the environment and society, only in matters law and regulation. True False

Answer

4.3 (236 Votes)
Verificación de expertos
Logan Professional · Tutor for 6 years

Answer

False

Explanation

## Step1: Understand the definition of Corporate Social Responsibility (CSR). It is a self-regulating business approach that lets a company be socially egodable to the stakeholders, the public, and itself. CSR means that companies proactively protect the environment and improve social well-being, not just satisfying legal demands. Albeit a corporation's legal obligation forms one aspect of CSR, but it's not confined to it. Measures taken for the society and environment under CSR exceed those mentioned in law and regulations.