What term refers to a business philosophy in which an organization helps to improve social and environmental problems?

What term refers to a business philosophy in which an organization helps to improve social and environmental problems?

• A. Sustainability initiative
• B. Corporate social responsibility
• C. Ethical governance
• D. Triple bottom line

Answer: (B)

Corporate social responsibility is the business philosophy in which a company seeks to address social and environmental issues as part of how it operates and engages with stakeholders. It covers actions beyond profits, integrating ethical decision-making, community involvement, environmental stewardship, and transparent accountability into everyday business choices. A sustainability initiative tends to be a specific environmental effort rather than the overarching organizational philosophy. Ethical governance focuses on the ethics of leadership and governance structures, not the broader mission to improve social and environmental conditions. The triple bottom line is a framework for measuring performance across people, planet, and profit, not the guiding philosophy itself.

Corporate social responsibility is the business philosophy in which a company seeks to address social and environmental issues as part of how it operates and engages with stakeholders. It covers actions beyond profits, integrating ethical decision-making, community involvement, environmental stewardship, and transparent accountability into everyday business choices. A sustainability initiative tends to be a specific environmental effort rather than the overarching organizational philosophy. Ethical governance focuses on the ethics of leadership and governance structures, not the broader mission to improve social and environmental conditions. The triple bottom line is a framework for measuring performance across people, planet, and profit, not the guiding philosophy itself.