Question

1) Corporate social responsibility/sustainability related activities of Australian companies vary across industry sectors. The CSR process/journey provides companies the opportunity for having sustainable business that moved from one 'wave' to another in the last 50 years or so. Which 'wave' of companies is now passing? A) B) C) D) First wave of value destroyers. Second wave of value conservers. Third wave of value creators. Fourth wave of Integrated corporate reporting (financial and ESG).

Answer 1

Answer: Option D

Explanation: CSR is the activities followed by the business firms for regulating its environment which ensures active compliance of the corporation for following ethical standards, international law and norms. The CSR has gone through many waves over the last decades. In the recent scenario, Corporations are following the fourth wave in the integrated reporting. It is done so as to make it easy for the shareholders to find essential information for sending the signal regarding sustainability as the important component of the business firm’s operations.