Answer:
Types of Corporate Social Responsibility
Environmental Responsibility. ...
Economic Responsibility. ...
Philanthropic Responsibility. ...
Ethical Responsibility.
Step-by-step explanation:
Environmental responsibility is the ethical obligation companies have to protect natural resources, avoid pollution and reduce other forms of environmental harm. Corporate environmental responsibility requires businesses to develop a comprehensive strategy that includes various sustainability initiatives.
Economic responsibility refers to the practice of making financial decisions based on a commitment to doing good. Some common examples of economic responsibility include investing in alternative energy sources, putting more money into education programs and funding local charities as a way of bolstering their mission
Philanthropic responsibility refers to a corporation's aims, goals and objectives for actively bettering society as a whole. One huge aspect of corporate philanthropy is donating money from company earnings to worthy causes within the local community — often in the form of a trust or foundation.
Ethical responsibility is the ability to recognize, interpret and act upon multiple principles and values according to the standards within a given field and/or context.