Scribd Logo
Upload

Welcome to Scribd!

  • 25 views

    University of Central Punjab: FALL 2022

    Uploaded by

    Abdullah Ch
    The document discusses corporate social responsibility (CSR) and its categories. The four main categories of CSR are environmental responsibility, human rights responsibility, philanthropic responsibility, and economic responsibility. CSR initiatives aim to reduce environmental impacts, ensure fair labor practices, support philanthropic causes, and make sustainable financial decisions. Successful CSR practices can boost a company's competitiveness by strengthening its brand, improving reputation, increasing customer loyalty and employee engagement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    University of Central Punjab: FALL 2022

    Uploaded by

    Abdullah Ch
    25 views3 pages
    The document discusses corporate social responsibility (CSR) and its categories. The four main categories of CSR are environmental responsibility, human rights responsibility, philanthropic responsibility, and economic responsibility. CSR initiatives aim to reduce environmental impacts, ensure fair labor practices, support philanthropic causes, and make sustainable financial decisions. Successful CSR practices can boost a company's competitiveness by strengthening its brand, improving reputation, increasing customer loyalty and employee engagement.

    Original Description:

    risk

    Original Title

    0193

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document discusses corporate social responsibility (CSR) and its categories. The four main categories of CSR are environmental responsibility, human rights responsibility, philanthropic responsibility, and economic responsibility. CSR initiatives aim to reduce environmental impacts, ensure fair labor practices, support philanthropic causes, and make sustainable financial decisions. Successful CSR practices can boost a company's competitiveness by strengthening its brand, improving reputation, increasing customer loyalty and employee engagement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    25 views3 pages

    University of Central Punjab: FALL 2022

    Uploaded by

    Abdullah Ch
    The document discusses corporate social responsibility (CSR) and its categories. The four main categories of CSR are environmental responsibility, human rights responsibility, philanthropic responsibility, and economic responsibility. CSR initiatives aim to reduce environmental impacts, ensure fair labor practices, support philanthropic causes, and make sustainable financial decisions. Successful CSR practices can boost a company's competitiveness by strengthening its brand, improving reputation, increasing customer loyalty and employee engagement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    UNIVERSITY OF CENTRAL PUNJAB

    FALL 2020

    FALL 2022
    Course Title: Governance, Risk and Ethics
    Course Code:AFHU3033

    Assignment No.2
    Name of Course Instructor: Khurrum Faisal Jamal

    Section: A Program: BS-AF Date: 29--11-22

    Submission Date: 06-12-22 Maximum Marks: 10


    Course Objective:
    Program Objective: PO1 Course Learning Objective: CLO5
    CO1, CO2

    Instructions:

    Assignment Topic& Details:

    Q1. What are the categories of corporate social responsibility? What are the causes that affect
    their successful practices?

    Corporate social responsibility (CSR) refers procedures that organizations set in motion as a
    component of corporate governance that are intended to guarantee the organization's tasks are
    moral and helpful for society. The major categories of corporate social responsibility are,

     Environmental responsibility
    Page 1 of 3 Assignment
     Human rights responsibility
     Philanthropic responsibility
     Economic responsibility

    Environmental responsibility:

     The term "environmental responsibility" describes a company's dedication to


    environmental protection and sustainable business practices.
     Environmental responsibility initiatives aim to reduce pollution and greenhouse gas
    emissions and the sustainable use of natural resources.
     An environmentally responsible business, neighborhood, or government evaluates its
    environmental sustainability and uses the results to inform decisions.

    Human rights responsibility:


     Human rights responsibility initiatives involve providing fair labor practices (e.g., equal
    pay for equal work) and fair trade practices, and disavowing child labor.
     The ability of a person to exercise their human rights is reliant on other individuals
    upholding those rights. This means that human rights involve responsibility and duties
    towards other people and the community.
    Philanthropic responsibility:
     Philanthropic responsibility can include things such as funding educational programs,
    supporting health initiatives, donating to causes, and supporting community
    beautification projects.
     Philanthropy provides support for initiatives that would be too divisive or unpopular to
    receive widespread approval from the public or the government.
     Philanthropy also helps teach them empathy and builds emotional intelligence.

    Economic responsibility:
     Economic responsibility initiatives involve improving the firm’s business operation while
    participating in sustainable practices for example, using a new manufacturing process to
    minimize wastage.
     Economic responsibility is the process of making financial decisions that are motivated
    Page 2 of 3 Assignment
    by a desire to do well.
     Economic responsibility is the practice of a firm backing all of its financial decisions in
    its commitment to do well in the areas listed above.
    Corporate social responsibility is important because it empowers organizations to involve their
    assets to make a positive move for the sake of the business. This is essential in this today’s
    world, where social obligation is a main need for likely representatives, clients and the local area.
    it goes beyond that, as corporate social responsibility can also boost a firm’s competitiveness.
    The business benefits of corporate social responsibility include stronger brand image,
    recognition, and reputation.

    Embracing CSR increases customer retention and loyalty, increases employee engagement,
    improves brand imaging, attracts investment opportunities and top talent, and makes a difference
    for bottom-line financials.

    Page 3 of 3 Assignment

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy