CMI 608 Assignment Example
Corporate social responsibility (CSR) and sustainability are closely linked to how organisations are held accountable. The way CSR and sustainability are defined and managed can differ based on the organisation’s type, purpose, and governance. These approaches usually involve setting goals, developing policies and strategies, and focusing on the impact the organisation has on society and the environment, while ensuring ethical and responsible behaviour.
CMI 608 Strategic Corporate Social Responsibility and Sustainability has been designed to help learners demonstrate their understanding of CSR and sustainability within an organisational context.
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Assessment Questions
Learning Outcome 1: Understand corporate social responsibility and sustainability in organisational contexts
AC 1.1 Discuss organisational approaches to corporate social responsibility and sustainability
Corporate social responsibility (CSR) and sustainability have become critical issues for organizations globally. Companies must operate in a way that minimizes their environmental and societal impact, while simultaneously creating value for stakeholders. Here are some common approaches organizations take toward CSR and sustainability:
One approach is the integrated approach, where CSR and sustainability are incorporated into the organization’s core strategy and day-to-day operations. This long-term commitment focuses on addressing social, environmental, and economic challenges, aiming to create value for stakeholders while reducing negative impacts on society and the environment.
Another important strategy is stakeholder engagement, where organizations actively involve stakeholders, such as employees, customers, suppliers, and local communities, to address their social and environmental concerns. By engaging with these groups, organizations can develop more sustainable solutions that benefit everyone involved.