Mastering Corporate Social Responsibility Strategies

From the study guide

Course Outline

  1. Corporate Social Responsibility definition and scope
  2. CSR versus ESG and investor assessment
  3. CSR implementation in shareholder value firms
  4. Sustainable decision-making and corporate governance
  5. CSR tools, valuation and sustainable risk
  6. CSR course syllabus and business case

1. Corporate Social Responsibility definition and scope

Key Concepts & Definitions

  • Corporate Social Responsibility: Corporate Social Responsibility is an umbrella term for business practices done for social or environmental purposes and not required by law.
  • ISO 26000: ISO 26000 is a widely used CSR standard that explicitly connects CSR with Sustainable Development.

Essential Points

  • CSR is framed as voluntary activity, not mandated by law.
  • CSR is linked to Sustainable Development through ISO 26000.
  • CSR is presented as a broad umbrella covering social and environmental purposes.

Memory Hook

CSR = Social/Environmental + Voluntary (not law).

2. CSR versus ESG and investor assessment

Key Concepts & Definitions

  • ESG: ESG refers to criteria investors use to evaluate a company and decide whether it is worth investing in.
  • CSR versus ESG: CSR and ESG both address societal and environmental impact, but CSR is company-level practice while ESG is investor-level assessment criteria.

Essential Points

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Practice quiz preview

1. What best describes corporate social responsibility as used in this course outline?

2. What role does ISO 26000 play in relation to corporate social responsibility?

3. How is ESG best characterized in relation to investor decision-making?

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Flashcard preview

CSR — definition?

Voluntary business practices for social/environmental purposes.

CSR vs ESG — difference?

CSR is company practice; ESG is investor assessment criteria.

CSR definition label

Business practices for social/environmental purposes, voluntary.

ISO 26000 connection

Links CSR with Sustainable Development.

CSR vs ESG

CSR = company practices; ESG = investor assessment.

ESG meaning

Criteria for evaluating company investment worthiness.

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