How is CSR related to business ethics?

QuestionsHow is CSR related to business ethics?
Nikhil Rawat asked 1 year ago
3 Answers
Deepak Goyal answered 1 year ago
Business ethics acts as an aid to green accounting. Corporate social responsibility acts as a pillar of business ethics. The citizens of the firm should have peaceful work and those citizens which work in a peaceful atmosphere will have a better outlook on society. Business ethics and CSR is interrelated in a business firm. A socially responsible firm will always yield a better profit stand. CSR always plays a vital role in building an ethical atmosphere for the better working of the company
Priya Vishwas answered 1 year ago
CSR always provides a peaceful and sustainable environment to a firm. A socially responsible firm is interchangeably termed an ethical firm by society. These firms will have a major impact on the affairs that takes place in society. CSR is an important part of business ethics as a firm should be socially responsible to build ethical and responsible citizens in society.
Akshaj Singh answered 1 year ago
A firm which carries CSR activities is taken into consideration as an ethical firm by society irrespective of the types of ethics that the firm follows. Business ethics and CSR goes hand in hand in a corporate firm as they both are 2 sides of a coin. Certain ethics are ought to be followed while carrying out the CSR activities of a corporate firm. CSR activities act as an aid to the different business ethics followed by the business organisation.