Discuss and identify the Basic Premises of CSR.

1. Sustainability-This is concerned with the effect which action taken in the present has upon the
options available in the future. If resources are utilized in the present then they are no longer
available for use in the future, and this is of particular concern if the resources are finite in
quantity.

2. Accountability-This is concerned with an organization recognizing that its action affect the
external environment, and therefore assuming responsibility for the effects of its action.

3. Transparency-it means that the external impact of the actions of the organization can be
ascertained from that organization’s reporting and pertinent facts are not disguised within that
reporting.