In contemporary times, almost all organizations are engaged in Corporate Social Responsibility (CSR). Discuss five (5) factors that propel them to engage in CSR. (15 Marks)?

Answer 1

Substanabiliy

Answer 2

There are several factors that drive organizations to engage in Corporate Social Responsibility (CSR). First, increasing public pressure and consumer demand for ethical and sustainable practices push organizations towards CSR. Second, it helps enhance the organization's reputation and build trust with stakeholders. Third, CSR initiatives can lead to cost savings and efficiency improvements. Fourth, it promotes employee engagement and attracts top talent. Finally, regulatory requirements and legal obligations also play a role in compelling organizations to engage in CSR.