Review University of Lodz Week 3

Yes or No.

The principle of "Integration of Social, Environmental, and Economic Considerations" about corporate social responsibility, recognizes that sustainable development requires balancing social progress, environmental protection, and economic prosperity.

• Yes

• no

True or False

Sustainable Development considers the preservation of the environment and natural resources

and social development but not economic growth.

• True

• False

Complete the sentence with the right word:

Fostering (a)   with stakeholders is crucial in decision-making processes related to environmental management from the social responsibility perspective. It seeks their input to ensure that diverse perspectives are considered within an environmental management system.

True or False

CSR includes actions that are mandatory in the legal regulatory framework of a country.

It does not include voluntary actions outside of that.

• False

• True

True or False

Multiple indicators combined into an index covering all three dimensions of sustainability is a third-generation marker.

• Tue

• False

Two of the following options are objectives of an environmental management system.

• Prevent and solve environmental problems

• Disregard threats and environmental risks

• Avoid the improvement of quality of life

• Establish operational limits within the operations

One of the following options comprises the total of all the living and non-living elements and their effects that influence human life (and that are influenced by it):

• Social Responsibility

• Environment

• Impact Assessment

• Environmental Management

Which of the following best describes the main difference between Corporate Social Responsibility (CSR)

and Environmental, Social, and Governance (ESG)?

• CSR focuses on voluntary company initiatives, while ESG provides measurable criteria used by investors to assess performance.

• CSR and ESG are identical concepts with no practical differences.

• ESG focuses only on environmental issues, while CSR includes social and financial aspects.

• CSR is mandatory for all companies, while ESG is optional.

True or False:

Irresponsible corporate behavior can result in harm to individuals,

communities, business and the environment.

• True

• False

The following options correspond to historical moments of social responsibility.

Select the latest and most modern approach of all.

• Philanthropy

• Win Win

• Charity

• Shared Value