Corporate social responsibility (CSR) refers to an organisation\'s duty to opera
ID: 384842 • Letter: C
Question
Corporate social responsibility (CSR) refers to an organisation's duty to operate in an honourable manner, provide good working conditions for employees, encourage workforce diversity, be a good steward of the environment and actively work to better the quality of life in the local communities where it operates and in society at large. Acting in a socially responsible manner thus encompasses more than just participating in community service projects and donating monies to charities and other worthy social causes. Discuss your understanding on the term CSR and whether you believe it is important to for organisation to report on their CSR activities in the annual report. Use examples to illustrate your answer.
Explanation / Answer
Corporate social responsibility (CSR) attracting the attention from business and stakeholders since 1960 .
There are so many concept and views on corporate social responsibility and it's role and responsibility.
Corporate social responsibility guideline the business organization on how to work for welfare of society and environment.
Corporate social responsibility basically very much helpful in defining the organization mission statements and corporate social responsibility that represent about the benefits that organization offerings for its customers.
In this present global era business concept are changing, only profit not only the moto of organization but also working for welfare of society ,working on environment issues,public health, education and infrastructure without profit maximization.
The present customers concept of approaching to a company are not only on the base of company brand but also how companies working charity work and welfare work.
Companies must be provide the details of its corporate social responsibility activities in its annual report .
Providing the details of corporate social responsibility in company annual report are essential for better transparency in its activities that are apart from business and organization ,only with the purpose of charity and welfare of society.
As most of the public and reputed private companies are providing the details of corporate social responsibility in its annual report.
Companies like hindustan Unilever limited , Microsoft ,Apple Inc these companies are working much on corporate social responsibility activities and giving details in its annual report.