How Businesses Practice Corporate Social Responsibility (CSR)

📚 Topic Summary

Corporate Social Responsibility (CSR) is how companies take responsibility for their impact on society and the environment. Instead of *just* focusing on profits, they also consider things like ethical practices, community involvement, and environmental sustainability. Companies might donate to charities, reduce their carbon footprint, or ensure fair labor practices. It's about doing well by doing good!

🧠 Part A: Vocabulary

Match the term to the correct definition:

1. Terms: Corporate Social Responsibility (CSR), Sustainability, Ethics, Philanthropy, Stakeholders
2. Definitions:
• A. The practice of donating money or resources to charitable causes.
• B. The moral principles governing a person's or group's behavior.
• C. Meeting the needs of the present without compromising the ability of future generations to meet their own needs.
• D. The concept that businesses should balance profit-making activities with activities that benefit society.
• E. Groups or individuals who have an interest in the success of a business, including employees, customers, and the community.

🤝 Part B: Fill in the Blanks

Complete the following paragraph using the words: environment, community, employees, responsible, impact.

A company that practices CSR is ________ for its ________ on the ________ and the ________. This includes treating ________ fairly and supporting local initiatives.

Answer: A company that practices CSR is responsible for its impact on the environment and the community. This includes treating employees fairly and supporting local initiatives.

🌍 Part C: Critical Thinking

Can a company be truly socially responsible if its core business harms the environment? Explain your reasoning.