Which CSR concept involves a desire to exceed ethical responsibilities and donate to charity and support local community?

• A. Economic
• B. Philanthropic
• C. Legal
• D. Ethical

Answer: (B)

Philanthropic CSR is about voluntary actions that go beyond what is required, focusing on charitable giving and supporting local communities. This goes beyond merely complying with laws or meeting basic ethical expectations, aiming to contribute to social welfare and build a positive community presence. In practice, it includes donations to charities, funding community programs, scholarships, and employee volunteering.

The other concepts are more about obligatory or standard expectations: economic focus centers on profit, legal on compliance with laws, and ethical on adhering to societal norms. Philanthropic actions specifically involve choosing to do more than those obligations by giving back.