6 Questions
What does corporate sustainability generally mean?
Listening and responding to the needs of a company’s stakeholders, including sustainable development requirements
Which of the following is a part of corporate social responsibility?
Building good relationships with employees, suppliers, and wider society
What is involved in social accountability for a company?
Listening and responding to the needs of a company’s stakeholders
Define corporate sustainability and provide examples of stakeholders involved.
Corporate sustainability is the idea of a company considering the environmental, social, and economic impacts of its decisions and actions. Stakeholders involved may include employees, suppliers, and wider society. Examples of stakeholders are employees, customers, local communities, and investors.
What is the importance of corporate social responsibility for a company?
Corporate social responsibility is important for a company as it helps in listening and responding to the needs of stakeholders, including the requirements of sustainable development, and building good relationships with employees, suppliers, and wider society. It also contributes to the company's reputation and long-term success.
How does social accountability contribute to a company's operations?
Social accountability contributes to a company's operations by ensuring that the company listens and responds to the needs of its stakeholders, including the requirements of sustainable development, and builds good relationships with employees, suppliers, and wider society. This helps in creating a positive impact on the community and environment, while also enhancing the company's reputation.
Test your knowledge of corporate responsibility and sustainability with this quiz. Explore concepts such as social accountability, sustainable development, and building strong relationships with stakeholders.
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