Companies that adopt CSR programs have often grown their business to the point

where they can give back to society. Thus, CSR is typically a strategy that's
implemented by large corporations. After all, the more visible and successful a
corporation is, the more responsibility it has to set standards of ethical behavior for its
peers, competition and company.
In general, there are four main types of corporate social responsibility. A company may
choose to engage in any of these separately, and lack of involvement in one area does
not necessarily exclude a company from being socially responsible.
Environmental Responsibility:
Environmental responsibility is the pillar of corporate social responsibility rooted in
preserving mother nature. Companies often pursue environmental stewardship
through:
 Reducing pollution, waste, natural resource consumption, and emissions
through its manufacturing process.
 Recycling goods and materials throughout its processes including promoting re-
use practices with its customers.
Nestlé Cares Cleanup
To uphold their company value of protecting the planet with environmentally friendly
practices, Nestlé Switzerland organized a volunteer week event centered around
corporate environmental responsibility. Their cleanup week coincided with World
Cleanup Day, and it gave their employees hands-on experience in helping to
protect their local environment and support communities.
More than 100 employees participated across Switzerland over four days, with
six Nestlé sites involved. Thanks to this effort, Nestlé collected 110+ kilograms
of trash and contributed to other environmental benefits.
Ethical Responsibility: Ethical responsibility is the pillar of corporate social
responsibility rooted in acting in a fair, ethical manner. Companies often set their own
standards, though external forces or demands by clients may shape ethical goals.
Instances of ethical responsibility include:
 Fair treatment across all types of customers regardless of age, race, culture, or
sexual orientation.
 Positive treatment of all employees including favorable pay and benefits in
excess of mandated minimums. This includes fair employment consideration for
all individuals regardless of personal differences.
Glovo Cares Volunteer Week
Equal access to essential goods for everyone is one of the main pillars of Glovo’s
commitment to serve the community. By organizing a global volunteer week
initiative at local food banks, they supported an ethical cause that aligns with
their core business in seven countries and nine cities. They contributed over 700
volunteered hours globally
Philanthropic Responsibility: Philanthropic responsibility refers to a corporation’s aims,
goals and objectives for actively bettering society as a whole. In its simplest form,
philanthropic responsibility refers to how a company spends its resources to make the
world a better place. This includes:
 Whether a company donates profit to charities or causes it believes in.
 Whether a company only enters into transactions with suppliers or vendors that
align with the company philanthropically
NatWest GivingTuesday campaign
For GivingTuesday, NatWest Group employees were invited to give their voice, time
and money to good causes. Alongside volunteer initiatives, they were invited to
donate money to one of 11 partner nonprofits. Through this initiative, the bank
raised 425,000 pounds in donations during GivingTuesday, with an added
150,000 pounds in donation matching.
Financial Responsibility:
Financial responsibility is the pillar of corporate social responsibility that ties together
the three areas above. A company make plans to be more environmentally, ethically,
and philanthropically focused; however, the company must back these plans through
financial investments of programs, donations, or product research. This includes
spending on:
 Research and development for new products that encourage sustainability.
 Recruiting different types of talent to ensure a diverse workforce.
 Initiatives that train employees on DEI, social awareness, or environmental
concerns.

1. Define ethics? Describe the rules for ethical decision making.

2. Why should managers behave ethically?
3. Define the business ethics. Describe the sources of business ethics.
4. Describe the advantages of behave ethical. (2 &4 as same)
5. Define CSR. Explain the CSR hirechery.
6. Arguments of CSR.
7. Why is CSR important. Why is CSR increasingly relevant today.