Evaluating Corporate Social Responsibility and Financial Performance (Term Paper Sample)

Evaluating Corporate Social Responsibility and Financial Performance
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Evaluating Corporate Social Responsibility and Financial Performance
Corporate social responsibility demands a company to be at least accountable to its society in regards to its operations. According to Scilly (2016) there are four types of CSRs economic, legal, ethical and philanthropic. A company has the economic obligation of ensuring that it’s at least profitable. Also, it has the legal responsibility to adhere to the respective laws in regards to its operations. A company could adopt the ethical responsibly to ensure that whatever it did was right and after meeting all the other responsibilities it could consider philanthropic gestures. According to Hopkins (2012), most of the times when companies are not transparent or clear about their CSR they often become less competitive. In other words, it is important for a company to inform the public on its CSR.
In regards, to the case it is clear that it must have met the first two parts of its CSR.