Question

Which is the most important reason for a global organization to have a values-based corporate social responsibility (CSR) strategy?

To create a foundation to make ethical decisions
To be in compliance for local legislation
To build a better corporate brand
To avoid business scandals

Answer 1

A values-based CSR strategy is important for a global organization to make ethical decisions and build trust with stakeholders.

The most important reason for a global organization to have a values-based corporate social responsibility (CSR) strategy is to create a foundation to make ethical decisions. By establishing a strong set of values and ethical guidelines, the organization can ensure that its actions align with its moral principles and contribute positively to society. This helps to build trust and credibility with stakeholders, including customers, employees, and the community.