CSR CSR Strategy and Implementation

Question 1

What does a 'materiality assessment' refer to in CSR strategy?

Accepted Answer

Identifying the ESG issues most relevant to the company and its stakeholders

Answer

Evaluating which environmental issues are most significant to the company

Answer

Assessing the financial material assets of a company

Answer

Measuring the physical impact of products on consumers

Question 2

Which approach involves integrating CSR goals directly into core business strategy?

Accepted Answer

Strategic CSR

Answer

Philanthropic CSR

Answer

Reactive CSR

Answer

Compliance-based CSR

Question 3

Which framework helps companies embed CSR into their core business model by focusing on 'Creating Shared Value'?

Accepted Answer

Porter and Kramer's CSV model

Answer

ISO 26000

Answer

GRI Standards

Answer

SASB framework

Question 4

What is the purpose of a CSR committee at the board level?

Accepted Answer

To oversee and guide the company's social responsibility strategy and reporting

Answer

To manage day-to-day employee relations

Answer

To handle customer complaints about social issues

Answer

To approve charitable donation amounts only

Question 5

Which of the following best describes 'embedded CSR'?

Accepted Answer

Social responsibility practices built into daily business operations and culture

Answer

CSR activities funded through external grants

Answer

Environmental initiatives managed by a separate department

Answer

Philanthropic giving programs run independently from core business

Question 6

What is a 'CSR roadmap'?

Accepted Answer

A plan outlining CSR goals, timelines, and milestones

Answer

A geographic map of company operations

Answer

A document listing regulatory compliance requirements

Answer

A shareholder voting guide for CSR resolutions