The development of a firm's corporate social responsibility position statement:
A)should be kept confidential because otherwise competitors will gain strategic insights.
B)is an essential step toward creating awareness of CSR in the firm.
C)can be a useful tool against whistle-blowers inside the firm.
D)should not engage employees in CSR.

Question

Quizplus · Accepted Answer

Developing a corporate social responsibility position statement is an essential step toward creating awareness of CSR in the firm. It allows the firm to define its values and commitments to social and environmental issues and communicate them to stakeholders, including employees. It also helps the firm to align its activities with its CSR objectives and monitor its progress toward achieving them. Keeping the statement confidential is not necessary, and not engaging employees in CSR would be counterproductive to the firm's efforts to promote social and environmental responsibility. Using the statement against whistleblowers would also be inappropriate and unethical.

The Development of a Firm's Corporate Social Responsibility Position Statement