question_answer

CASE STUDY 2

Ten years ago only about a dozen Fortune 500 companies issued a CSR or sustainability report. Now the majority does. More than 8,000 businesses around the world have signed the UN Global Compact pledging to show good global citizenship in the areas of human rights, labor standards and environmental protection. The next generation of business leaders is even more likely to prioritize CSR. According to data released this month by Net Impact, the nonprofit that aims to help businesses promote sustainability, 65% of MBAs surveyed say they want to make a social or environmental difference through their jobs. Consumer Protection Act, 1986 and jago grahak jago campaigns have made consumers' aware of their rights and businesses cannot afford to ignore their duties towards consumers.

Today, amid a lingering recession that has dented corporate profits and intensified pressure from shareholders, companies are devising new CSR models. Rather than staffing a modest CSR department - and slapping it on the org chart as a small offshoot of the public relations (PR) or philanthropy division - many companies are instead trying to embed CSR into their operations because they have realized threat social interest and business interest are closely connected.

Workers are no more illiterate. They are aware of their rights and in these situations, companies cannot afford to ignore their duties towards labour.

 

Q.1    Quoting lines from the above passage clarify reality of social responsibility.

Answer:

Ans.     (a) Threat of Public Regulation: Ten years ago only about a dozen Fortune 500 companies issued a CSR or sustainability report. Now the majority does. More than 8 000 businesses around the world have signed the UN Global Compact pledging to show good global citizenship in the areas of human rights labor standards and environmental protection.

(b) Development of Professional Managerial class: According to data released this month by Net Impact the nonprofit that aims to help businesses promote sustainability 65% of MBAs surveyed say they want to make a social or environmental difference through their jobs. Consumer Protection Act 1986 and jago grahak jago campaigns have made consumers' aware of their rights and businesses cannot afford to ignore their duties towards consumers.

(c) Relationship between social interest and public interest: Today amid a lingering recession that has dented corporate profits and intensified pressure from shareholders companies are devising new CSR models. Rather than staffing a modest CSR department - and slapping it on the org chart as a small offshoot of the public relations (PR) or philanthropy division - many companies are instead trying to embed CSR into their operations because they have realized threat social interest and business interest are closely connected.

(d) Pressure of labour movement: Workers are no more illiterate. They are aware of their rights and in these situations companies cannot afford to ignore their duties towards labour.