Flashcards in U4 AOS2 T2 Deck (70)
ways to incorporate CSR management in Society’s health and welfare 6
woolies earn and learn program, helps getting equipment for schools
ways to incorporate CSR management in the Concern for workforce and families 4
Providing a flexible work atmosphere for its employees
Lessening noise pollution from a factory
Allowing employees to volunteer their time for other non-profit organisations
Employing local workers
what is the triple bottom line
The social, economic and environmental performance of a business.
A triple bottom line measures the company’s:
• economic value
• ‘people account’, which measures the company’s degree of social responsibility
• ‘planet account’, which measures the company’s environmental responsibility.
what is ecological sustainability
occurs when economic growth meets the needs of the present population without endangering the ability of future generations to meet their needs.
what is business ethics
The application of moral standards to business behaviour.
why are business ethics important
Businesses want to be seen as responsible corporate citizens, conscious of the high ethical standards expected of them by their customers and society at large.
what is a sustainability report
a comprehensive report of what a business has done, and is doing, with regard to social issues that affect it.
By reviewing our initial KPIs we can
Analyse the size and extent of any transformation
We can identify the areas we had the most success in and the ones which require additional effort or time to be achieved, or we can
Consider an alternative management strategy if we didn’t achieve the results we were looking for