Module 6

• Environmental Responsibility -Entails efforts to reduce your carbon footprint by adopting environmentally friendly policies.
• Ethical Obligation - This affects the way employies are treated, contracts are won and business is conducted.
• Legal Obligation - It means that company operations should be within the bounds of the law.
• Economic Obligation - The primary responsibility of a company to help develop the economy and achieve the status of development on a par with other countries, general employment, and distribute goods and services for public use and consumption.
• Economic Obligation - Refers to operating with sound philanthropic, environmental and ethical business practices in a way that’s profitable and can sustain long-term growth.
• Four fold aspects of obligation:

  • Unilever

  • Walt Disney

  • Microsoft

  • Google
• Sustainable Development - Is a term defined as an effort to strike a balance between maintaining the needs of depression and ability of future generations to meet their needs through the preservation of the environment
• Corporate Social Responsibility (CSR) - is defined as a concerted initiative to contribute to sustainable development through efforts that are economically,

  socially, and environmentally beneficial to stakeholders.