Corporate Social Responsibility & Ethical Standards Flashcards
7 cards from real CSC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Corporate Social Responsibility & Ethical Standards flashcards as text
Which of the following best describes 'scope 3' greenhouse gas emissions under the GHG Protocol?
Answer: All other indirect emissions in a company's value chain
Scope 3 covers all indirect value chain emissions not included in Scopes 1 or 2, such as supplier emissions and product use.
The Equator Principles are a risk management framework adopted by financial institutions for:
Answer: Managing environmental and social risks in project finance
The Equator Principles provide a baseline for assessing and managing social and environmental risk in large infrastructure and industrial project financing.
A company claims its product is 'carbon neutral' based on offsets purchased from a project later found to be fraudulent. The company is best described as:
Answer: A victim of offset fraud but still responsible for verifying offset quality
Companies bear responsibility for verifying the integrity of offsets they use in public claims; relying on fraudulent offsets undermines credibility regardless of intent.
Which international standard provides guidance on integrating social responsibility throughout an organization, including core subjects like human rights and fair operating practices?
Answer: ISO 26000
ISO 26000 is the internationally recognized guidance standard on social responsibility covering seven core subjects.
What is the primary purpose of an ethics hotline in a corporate setting?
Answer: To allow employees and stakeholders to report misconduct confidentially
An ethics hotline gives employees and stakeholders a confidential mechanism to report suspected violations of company policies or laws.
In the context of CSR, 'cause-related marketing' involves:
Answer: Donating a portion of product sales revenue to a charitable cause
Cause-related marketing links a company's commercial activities—typically product sales—to charitable contributions, benefiting both the cause and the brand.
Which of the following is a core criticism of 'corporate philanthropy' as a CSR strategy?
Answer: It can distract from addressing systemic harms caused by core business operations
Critics argue that philanthropy can serve as a substitute for genuine responsibility, allowing companies to deflect scrutiny from harmful core practices.