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Code of conduct for suppliers Document No.: HF 10093.04. EN Valid for: Hectic worldwidePreambel The Hectic Group combines entrepreneurial action with social responsibility. Compliance with minimum
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Who needs corporate social responsibility?
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What is corporate social responsibility?
Corporate social responsibility (CSR) is a business model that helps a company be socially accountable to itself, its stakeholders, and the public. This means that a company must consider the social, environmental, and economic effects of its business operations and engagement with the community.
Who is required to file corporate social responsibility?
Companies that meet certain criteria, including size and revenue thresholds, as set by regulatory bodies or specific countries are typically required to file corporate social responsibility disclosures.
How to fill out corporate social responsibility?
To fill out corporate social responsibility reporting, companies typically gather relevant data on their CSR activities, impact on society, and environmental performance, and then record this information following the prescribed format or reporting guidelines provided by the regulatory authority.
What is the purpose of corporate social responsibility?
The purpose of corporate social responsibility is to ensure that companies conduct their business in an ethical manner, contribute positively to society, improve their public image, and enhance stakeholder engagement while also mitigating risks related to their social and environmental impacts.
What information must be reported on corporate social responsibility?
Companies are generally required to report information that includes their CSR policies, objectives, strategies, community engagements, environmental impact assessments, employee welfare initiatives, and any social contributions.
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