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CS Professional · CSR and Social Governance · CSR and Sustainable Development Goals

Sundaram Steels Ltd reports its performance under three heads: economic profit, impact on communities and employees, and environmental footprint. Which concept of CSR does this reporting framework illustrate?

This is the triple bottom line framework, which measures a company on economic profit, social impact on people and environmental impact on the planet. It goes beyond financial results and beyond simple charity, reflecting a broader view of corporate responsibility.

  1. APhilanthropic giving only
  2. BTriple bottom line (people, planet, profit)Correct
  3. CShareholder wealth maximisation
  4. DStatutory audit reporting

Explanation

Reporting on economic, social and environmental performance is the triple bottom line, coined by John Elkington. Philanthropy is only charity and shareholder maximisation looks at financial return alone.

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