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SCR Exam - Question 14


A large family-owned agrichemicals company in South America will produce its first sustainability report. The company hires a consultant to manage this process and familiarize all owners with current practices and historical precedents of social responsibility.

How should the consultant describe the evolution of the social responsibility of business over the past 50 years?

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Correct Answer: C

Over the past 50 years, there has been a significant shift in corporate priorities from focusing solely on economic growth to recognizing their obligations to improve nonfinancial outcomes for society. This evolution is reflective of the broader acceptance of Corporate Social Responsibility (CSR), where businesses increasingly acknowledge their impact on social and environmental factors, not just financial performance.

Discussion

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2shigOption: C
Apr 16, 2023

A: governance B: Environment D: We all have responsibilities toward social issues. C: Correct, because over the past years, it has become increasingly common to think social contribution impacts sustainability. It makes sense that you want to help others out, especially if you are a wealthy family with a business otherwise our current system won't last. Plus, the questions is clearly asking for social responsibilities.

Romapretty
Apr 12, 2023

where does this come from, any idea?

Karnitschnig
Apr 15, 2023

The other answers don't really make sense. But here I think they are referencing the triple bottom line

SCRnow
Apr 15, 2023

CSR - Corporate Social Responsibility

Dunjeon_MasterOption: C
Apr 17, 2023

c is correct