Question

What is "corporate social responsibility"? What is the benefit of being transparent about the reasons why you are engaging in socially responsible behaviour?

Answer 1

Corporate social responsibility is a company's commitment to act ethically and contribute to the well-being of society and the environment. Being transparent about the reasons for engaging in socially responsible behavior can build trust, enhance reputation, and lead to business success.

Step-by-step explanation:

Corporate social responsibility refers to a company's commitment to act ethically and contribute to the well-being of society and the environment. It involves taking responsibility for the company's impact on stakeholders, including employees, customers, communities, and the environment. Being transparent about the reasons for engaging in socially responsible behavior is beneficial because it builds trust with stakeholders, enhances reputation, attracts socially conscious consumers, and can lead to long-term business success.