Discuss the three general principles that justifies why organizations engage in Corporate Social Responsibility (CSR)

Expert Solution

As a result of the vulnerability or we can say uncertainty encompassing the idea of CSR activity it is hard to characterize CSR and to be sure about any such activity. It is along these lines basic to have the option to distinguish such activity and they take the view that there are three fundamental principles which together contain all CSR activity. These are:
Sustainability; Accountability; Transparency.
• Sustainability
This is concerned about the impact which activity taken in the present has upon the alternatives accessible later on. In the event that assets are used in the present, at that point they are not, at this point accessible for use later on, and this is of specific concern if the assets are limited in amount.
• Accountability
This is concerned about an association perceiving that its activities influence the outer condition, and along these lines accepting accountability for the impacts of its activities. This idea along these lines infers an evaluation of the impacts of activities taken, both inside to the association and remotely.
• Transparency
Transparency, as a guideline, implies that the outside effect of the activities of the association can be learned from that association's announcing and appropriate realities are not camouflaged inside that detailing. In this way all the impacts of the activities of the association, including outside effects, ought to be obvious to all from utilizing the data gave by the association's revealing instruments.

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Hayet Jeridi answered 5 months ago

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