Which of the following statements regarding a company's CSR and sustainability strategies is FALSE?
A) A company is not demonstrating an adequate degree of social responsibility or endeavoring to be a model corporate citizen unless it spends 5 percent (or more) of pretax profits on social responsibility initiatives.
B) Corporate social agendas that address generic social issues may help boost a company's reputation but are unlikely to improve its competitive strength in the marketplace.
C) Cost savings and improved profitability can be drivers of corporate sustainability strategies.
D) Social responsibility strategies linked to a company's customer value proposition or key value chain activities may help build competitive advantage.
E) While the strategies and actions of all socially responsible companies have sameness in the sense of drawing on the same categories of socially responsible behavior, each company's version of being socially responsible is unique.
Correct Answer:
Verified
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