Which statement describes corporate social responsibility?

Which statement describes corporate social responsibility?

• A. A set of actions a organisation isn't obliged to take but takes them anyway for the wellbeing of stakeholders and the public
• B. A risk management framework
• C. A legal obligation of a corporation
• D. A marketing strategy

Answer: (A)

Corporate social responsibility is about voluntary actions a company takes beyond what the law requires, aimed at benefiting stakeholders and the broader public. It includes ethical conduct, environmental care, social impact, and sustainable governance, driven by values or long-term reputation rather than mandatory rules. It isn’t a risk management framework, which focuses on identifying and mitigating risks, nor is it a legal obligation, since CSR goes beyond legal minimums. It also isn’t simply a marketing strategy, though strong CSR can support reputation. So the best description is a set of voluntary actions for the wellbeing of stakeholders and the public.

Corporate social responsibility is about voluntary actions a company takes beyond what the law requires, aimed at benefiting stakeholders and the broader public. It includes ethical conduct, environmental care, social impact, and sustainable governance, driven by values or long-term reputation rather than mandatory rules. It isn’t a risk management framework, which focuses on identifying and mitigating risks, nor is it a legal obligation, since CSR goes beyond legal minimums. It also isn’t simply a marketing strategy, though strong CSR can support reputation. So the best description is a set of voluntary actions for the wellbeing of stakeholders and the public.