Measuring, Reporting and Communicating CSR

These flashcards cover key terminology and concepts related to measuring, reporting, and communicating corporate social responsibility (CSR) as discussed in the lecture.

CSR Audit

An examination of a company's corporate social responsibility activities to evaluate their impact and effectiveness.

Triple Bottom Line Reporting

A framework that incorporates economic, ethical, and environmental performance into reporting.

Social Responsibility Accounting

A system used to tabulate the costs and benefits of a company's social impact.

Corporate Reputation

The perceived representation of a corporation’s past performance and future prospects as viewed by stakeholders.

Stakeholders

Individuals or groups affected by or that can affect a company's actions, including employees, consumers, and investors.

Sustainability

The capacity to maintain business practices that minimize negative impacts on social and environmental factors.

CSR Compliant

A status where a company voluntarily takes on additional responsibilities beyond legal requirements for social responsibility.

Credibility in CSR Communication

The quality of information provided by a company that is believable and trustworthy to stakeholders.

Consultation with Stakeholders

Engaging with stakeholders during the preparation of CSR reports to incorporate their perspectives.

Expenditures on CSR Initiatives

Financial investments a company makes in social responsibility activities, which may or may not lead to increased profitability.