SR & SI
(13.1)
SOCIAL RESPONSIBILITY
Meaning:
Biz have the resp 2 balance their op’s btwn economic dev, well-being of community &
looking after the enviro.
● Avoiding any actions that could harm the enviro.
● Implementing initiatives that can benefit the society.
Triple Bottom Line
- “People, Profit, Planet” -
Link Between Social Responsibility and the Triple Bottom Line
SOCIAL (People)
➔ Biz’s should contribute 2 the well-being of all their s-holders.
➔ Biz’s/Orgs shouldn’t harm/exploit people, their emp’s. C’s or the community.
ECONOMIC (Profit)
➔ Biz’s shouldn’t make a profit @ the expense of their community.
➔ The TBL means Biz shouldn’t only focus on their profit & charge high prices but should also
invest in CSI projects.
ENVIRONMENT (Planet)
➔ They should support energy-efficient/eco-friendly products & production methods.
➔ They must take part in recycling/re-use of waste, e.g: making use of recycled material.
Ways in Which a Business Project can Contribute towards the
Community
★ The Biz can be involved in community education.
★ The Biz can employ members of the local community in their projects 4 the community.
★ The Biz can make charitable contributions 2 NGOs.
(13.1)
SOCIAL RESPONSIBILITY
Meaning:
Biz have the resp 2 balance their op’s btwn economic dev, well-being of community &
looking after the enviro.
● Avoiding any actions that could harm the enviro.
● Implementing initiatives that can benefit the society.
Triple Bottom Line
- “People, Profit, Planet” -
Link Between Social Responsibility and the Triple Bottom Line
SOCIAL (People)
➔ Biz’s should contribute 2 the well-being of all their s-holders.
➔ Biz’s/Orgs shouldn’t harm/exploit people, their emp’s. C’s or the community.
ECONOMIC (Profit)
➔ Biz’s shouldn’t make a profit @ the expense of their community.
➔ The TBL means Biz shouldn’t only focus on their profit & charge high prices but should also
invest in CSI projects.
ENVIRONMENT (Planet)
➔ They should support energy-efficient/eco-friendly products & production methods.
➔ They must take part in recycling/re-use of waste, e.g: making use of recycled material.
Ways in Which a Business Project can Contribute towards the
Community
★ The Biz can be involved in community education.
★ The Biz can employ members of the local community in their projects 4 the community.
★ The Biz can make charitable contributions 2 NGOs.
