3.13 CSR considerations

Question 1

define CSR

Answer 1

is going above and beyond your legal requirements to make a positive impact on employees, community and/or environment

Question 2

Explain how CSR can be used in a businesses inputs

Answer 2

-A business could ensure that suppliers provide materials materials that come from socially responsible sources (such as environmentally sustainable supplies and workplaces that are free of exploitation)
-A business could purchase inputs from local suppliers (rather than overseas) to reduce emmisions as a part of transportation-this can also support the local

Question 3

explain how CSR can be used in processes

Answer 3

-Using equipment or machinery that has a low carbon footprint
-going above occupational health and safety standards
-minimize waste in production

Question 4

explain CSR for outputs

Answer 4

-offers products for free or discounted rates for those in low socioeconomic circumstances
-using recyclable packaging; reduces waste on landfill

Question 5

pros and cons of being CSR

Answer 5

pros
-enhances the image and reputation of the business
-this can lead to more sales and higher profits in the long run
-can boost staff morale

cons
-can be more expensive for the business
-can take time away from other aspects of the business
-does not guarantee an increase in sales or profits