CSR and sustainability explain how businesses create value responsibly by balancing profit with ethical responsibilities toward people and the planet. ESG is a widely used framework to assess performance on environmental, social and governance factors (concept).
Common exam asks:
You should be able to:
Corporate Social Responsibility (CSR) refers to the responsibility of a company to operate ethically and contribute to social welfare while doing business (concept).
CSR is not only donation; it includes ethical practices and responsible business behavior.
Sustainability means meeting present needs without compromising the ability of future generations to meet their needs (concept).
In business, sustainability means:
The TBL model evaluates business performance on three dimensions:
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Business ethics refers to implementing appropriate business policies and practices with regard to arguably controversial subjects. Some issues that come up in a discussion of ethics include corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities.
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CSR and sustainability explain how businesses create value responsibly by balancing profit with ethical responsibilities toward people and the planet. ESG is a widely used framework to assess performance on environmental, social and governance factors (concept).
Common exam asks:
You should be able to:
Corporate Social Responsibility (CSR) refers to the responsibility of a company to operate ethically and contribute to social welfare while doing business (concept).
CSR is not only donation; it includes ethical practices and responsible business behavior.
Sustainability means meeting present needs without compromising the ability of future generations to meet their needs (concept).
In business, sustainability means:
The TBL model evaluates business performance on three dimensions:
Idea: Long-term business success requires balancing all three.
Carroll’s model explains CSR as four layers:
Exam tip: Write these in pyramid order with 1-line explanation each.
ESG stands for Environmental, Social and Governance factors used to evaluate a company’s responsible performance (concept).
ESG is often measured and reported to investors and regulators.
Ethical responsibility means fair and responsible treatment of stakeholders (concept).
Write any 6–8 points:
Common challenges:
Stakeholder needs -> CSR/ESG goals -> Projects & policies -> Implementation -> Measurement/reporting -> Improvement
From this topic
Differences (concept):
Any three differences are sufficient.
TBL evaluates performance on three dimensions (concept):
Write the three dimensions with examples.
Conclusion: Responsible practices support sustainable growth (concept).