Question

Write a detailed note on ‘Corporate Citizenship’.

Answer 1

Hello..

Corporate Citizenship is a recognition that a business, corporation or business-like organisation, has social, cultural and environmental responsibilities to the community in which it seeks a licence to operate, as well as economic and financial ones to its shareholders or immediate stakeholders.

According to Investopedia, “Corporate citizenship involves the social responsibility of businesses and the extent to which they meet legal, ethical, and economic responsibilities, as established by shareholders.” Being a good corporate citizen is not a “nice to have.”

Key Takeaways

• Corporate citizenship refers to a company’s responsibilities toward society.
• Corporate citizenship is growing increasingly important as both individual and institutional investors begin to seek out companies that have socially responsible orientations such as their environmental, social and governance (ESG) practices.
• Companies go through increasing stages during the process of developing corporate citizenship.
• Development of Corporate Citizenship

hope it helps..