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CSR Principles: Sustainability, Accountability, Transparency

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CSR Principles: Sustainability, Accountability, Transparency

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Questions and Answers

What is the primary concern arising from the depletion of resources?

The negative impact on the ecosystem's carrying capacity

The decrease in the overall value of the resources

The lack of alternatives to replace the depleted resources

The increase in the operational costs of organisations (correct)

What is implied by the concept of sustainability in terms of resource usage?

Using no more of a resource than can be regenerated (correct)

Using resources at a rate that is equal to the rate of regeneration

Using resources at a rate that is slower than the rate of regeneration

Using resources at a rate that is faster than they can be regenerated

What is the primary objective of an organisation's energy efficiency programme?

To increase the rate of resource regeneration

To temporally externalise operational costs

To reduce the rate of resource depletion

To reduce operational costs by increasing efficiency in resource utilisation (correct)

What is the consequence of unsustainable operations?

<p>The organisation will need to plan for a future lacking in resources currently required</p> Signup and view all the answers

What is the role of the paper industry's policy of replanting trees?

<p>To retain costs in the present rather than temporally externalising them</p> Signup and view all the answers

Study Notes

Principles of CSR

CSR activity is difficult to define due to uncertainty surrounding its nature
Three basic principles comprise CSR activity: Sustainability, Accountability, and Transparency

Sustainability

Concerned with the effect of present actions on future options
Resources utilized in the present are no longer available for future use
Finite resources, such as coal, iron, or oil, must be used sustainably to ensure availability for future generations
Sustainability implies using no more resources than can be regenerated
Carrying capacity of the ecosystem and input-output models of resource consumption can define sustainability
Examples of sustainable practices include replanting trees to replace harvested ones, increasing energy efficiency, and reducing resource consumption

Accountability and Transparency

Will be considered in detail in a later chapter

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Description

Learn about the three fundamental principles of Corporate Social Responsibility (CSR), including Sustainability, Accountability, and Transparency. Understand the importance of these principles in CSR activities.