Recently, a large insurance company in the Midwest made a public commitment toward corporate philanthropy when it dedicated 3% of its profits toward the cultural and environmental concerns of the large metropolitan area that houses its corporate headquarters. The CEO stated, "In honor of several hundred employees that come to work here every day, we want to give something back." In light of the fact that this is only helping one metropolitan area, the donation falls outside the realm of corporate social responsibility.

Question

Quizplus · Accepted Answer

While the donation only supports one metropolitan area, the company has made a public commitment towards corporate philanthropy and is therefore taking steps towards corporate social responsibility. Corporate social responsibility does not necessarily require a company to address all societal issues, but rather to show a commitment towards making a positive impact on the communities they operate in.

Recently, a Large Insurance Company in the Midwest Made a Public