Question

Describe the differences between social responsibility, sustainability and corporate social responsiblity. Find a company that you think demonstrates leadership in all three areas. Describe the actions and mission of that company and how the company demonstrates leaderships in the areas of ethical, social responsiblilty as well as sustainability.

Answer 1

Socila responsibility is moral responsibility of individual and citizens of nation to promote social growth and give back to society.

Sustainability is meeting present needs without compromising future generations' abilities to meet their needs divided into 3 broad categories namely : Environmental, Social amd Economic.

Corporate social responsibility is defined as aim to contribute to meet societal goals through philanthropy, volunteering and ethical practices.

Top organisation like Wipro in India beautifully demonstrated fulfillment of all three as wehave seen their Chairman Azim Premji has devoted 90% personal wealth towards charity and philanthropy and the company dinates 2 percent of annual profits towards social causes.

The company missions to create world better place to live in and promote socio economic growth through CSR activities on agendas like education, environmental conservation, ecological balance, standards of living amd hence has partnered to also meet the United Nations sustainability development goals 2020