Why corporate social responsibility is necessary to business

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Problem 1. ABC Corporation hired you as internal auditor. Your first engagement is to evaluate the environmental, social, and governance landscape of the company. During the internal audit, you raised to the management the issue that the company had no code of business conduct and ethics nor policies on corporate social responsibility and sustainability. The management, then, asked your advice so they can at least improve these areas. Provide at least one recommendation. Your recommendation may be in the form of a provision to be added to the code of business conduct and ethics, a policy or activity regarding corporate social responsibility and sustainability.

Problem 2. Why there is a need to issue Corporate Sustainability Report to the SEC? What would be its over-all impact to the stakeholders and how it would affect the stakeholders' decision making?

Problem 3. Why Corporate Social Responsibility (CSR) is necessary and relevant to every business? What would be the benefit of having a CSR?

Problem 4. Explain why ethical behavior is necessary in the practice of profession and in the business.

Reference no: EM132805895

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