SECTION 1 — CSR (Corporate Social Responsibility) pooh

What is CSR?

Corporate Social Responsibility is when a business operates in a way that respects society and the environment, even if it reduces profits.

What 4 areas should businesses consider in CSR?

Environment, Employees, Customers, Society in general.

Examples of CSR actions

Donate to charities, Use renewable energy, Eliminate child labour, Create CSR committees.

Arguments FOR CSR

Increased sales, Customer loyalty, Better reputation, Stronger workforce, Easier access to investors/capital.

Arguments AGAINST CSR

Higher operating costs, Reduced profits, Distracts from business goals, Gives companies too much social power.