Question

Define corporate social responsibility (CSR) in your own words. Once you have defined CSR, conduct research...

Define corporate social responsibility (CSR) in your own words.

Once you have defined CSR, conduct research on your favorite Fortune 500 company and determine just how (or if) the company ranks from a CSR perspective.

Provide the name of the company and a link to at least one reference from your research. Do your findings change the way you will support the company in the future?

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Answer #1

CSR or corporate goal responsibility refers to the kind of global private corporate self-regulation that aims to support the societal goal of activists, philanthropists, and charitable parties by involving in or supporting ethically oriented practices or volunteering.

In simple words, CSR is a self-regulatory corporate model that allows companies to act socially accountable to their stakeholders, themselves, and the public.

The fortune 500 company that I have selected is the Walt Disney company. It ranks 5th, just after Google.

In 2019, Reputation Institute surveyed around 230 thousand people in 15 countries fro month Jan to Fab in 2019. The participant companies have revenue more than $1 billion.

Yes, Higher CSR means that the Walt Disney company is socially responsible and ethical. therefore, I would support this company more in comparison to companies with low CSR raking.

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