30 Questions
What is a key point made about corporate social responsibility (CSR) in the text?
CSR principles must be followed when there is no regulation.
In what way has the understanding of CSR evolved over time?
From reliance on regulations to a broader stakeholder approach.
How can a proactive approach to CSR help prevent disasters?
By considering a wide range of stakeholders' interests.
What is emphasized in many modern descriptions of CSR?
Balancing various stakeholders' interests.
How do early notions of CSR differ from modern perspectives?
Early notions only considered shareholders, modern perspectives consider various stakeholders.
What has influenced corporations to uphold CSR principles over time?
Increased regulations and focus on stakeholder interests.
What impact has the high inflation post-pandemic had on corporate profits and real wages according to the Reserve Bank of Australia?
Corporate profits have increased and real wages have decreased.
In what way are businesses expected to be impacted due to an increasing educated public engaging in disruptive activities?
It is expected that businesses will be under pressure to prove they are aligned with societal values.
What influence has access to social media had on stakeholder activism in recent times?
Increased reach of activist activities.
What are the challenges mentioned as a result of high inflation post-pandemic?
Increased pressure on businesses to justify their actions and more disruptive activism.
How are ongoing business decisions expected to change according to the discussed examples?
Incorporating sustainability-related considerations.
What is the expected impact of stakeholder activism on businesses in the present and future?
Increased demand for corporate accountability.
What was the purpose of Bank Australia's sustainability bond?
To finance projects that reduce inequalities
What was the significance of Bank Australia issuing a sustainability bond?
It was the first customer owned bank in Australia to issue such a bond
Why did Bank Australia decide to issue a sustainability bond?
To manage its funding and align with its values
How did the sustainability bond contribute to growing the market for green and social funding in Australia?
By providing a template for other banks to follow
What was the value of the sustainability bond issued by Bank Australia?
$125 million
What guidelines were followed in developing the sustainability bond?
International Sustainability Bond Guidelines
Which of the following best describes the main objective of a company following the 'employment model' social enterprise approach?
Providing employment opportunities to disadvantaged individuals
What type of model does a company following the 'innovation model' social enterprise approach aim to achieve?
Creating innovative products for disadvantaged communities
Which of the following initiatives is directly supported by the sustainability bond mentioned in the source?
Financing community housing, specialist disability accommodation, and energy efficient mortgages
Which of the following describes the 'give back' model in the context of social enterprises?
Businesses under this model contribute a portion of their profits to charitable causes
Which customer base would be most interested in a sustainability bond financing community housing and specialist disability accommodation?
Individuals interested in sustainable and socially responsible initiatives
Which of the following describes the main function of a sustainability bond?
Fund socially and environmentally responsible projects
What is the primary consideration that informs the decision about whom related information will be directed to?
The decision to report by the organisation
What is the purpose of identifying the target stakeholders in the reporting process?
To determine the information demands or needs of stakeholders
What approach requires an organisation to reflect on the underlying motivations driving them to report?
Open approach
What are the three things an organisation has to identify in the reporting process?
Objectives, stakeholders, and information requirements
What is involved in identifying what issues an entity is held responsible and accountable for?
Dialogue between the organisation and its stakeholders
What is the purpose of identifying the objectives of the reporting process?
To determine why the organisation decides to report
Learn about the observations made by the Reserve Bank of Australia regarding high inflation, corporate profits, and real wages post-pandemic. Understand the implications for businesses and households in the current global financial climate.
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