Which term describes the set of actions a organisation isn't obliged to take but takes for the wellbeing of stakeholders and the public?

• A. Corporate Social Responsibility
• B. Corporate Governance
• C. Compliance
• D. Risk management

Answer: (A)

Corporate Social Responsibility is the set of actions a company voluntarily takes to support the wellbeing of stakeholders and the broader public, beyond what is required by law. It covers activities like ethical sourcing, reducing environmental impact, community engagement, charitable efforts, and transparent reporting of social and environmental performance. The emphasis is on going beyond compliance to act as a responsible corporate citizen, aiming to build trust, protect the company’s license to operate, and create long-term value for society as a whole. In contrast, corporate governance is about the framework and processes for directing the company, compliance concerns meeting legal requirements, and risk management focuses on identifying and mitigating risks to achieve objectives. Therefore, the term that fits the description is Corporate Social Responsibility.