Corporate Citizenship and Social Responsibility

Flashcards for vocabulary review on Corporate Citizenship and Social Responsibility.

Corporate Citizenship

The responsibility of businesses to act responsibly in terms of economic involvement.

Green-washing

When companies pretend to be environmentally conscious for publicity rather than actually being so.

Pandemic

Disease affecting multiple countries or continents.

Epidemic

Disease that affects a large number of people in a specific community, populations, region

Social Responsibility

Contributing to a higher quality of life within a community.

Corporate Social Investment

Capital, Resources, and Labour set aside for CSR efforts

Involvement Approach

A more sustainable approach to CSR focused on giving skills, time, and everyday effort to make a difference in the lives of people

Cheque-book Approach

Donating money or food as a form of CSI

Good Corporate Citizenship

Actions taken by businesses in terms of economic involvement, legal obligations, ethical manner and giving back to society.

Civil Rights

The right to freedom of movement, protection from state

Political Rights

The right to vote, lobby, and participate in political actions

Social Rights

The right to proper infrastructure, water, sanitation, and health care

Responsible Citizenship

Requires corporations to act in a manner that shows respect towards not only people but also the resources of the country

Sustainable Business

A business that considers the impact of it's activities on the community

Stakeholders (Interest Groups)

All the people or groups of people who might be affected by the actions of an organization.