University of Cebu

Graduate School
Reaction Paper
Report No.
Module 6
Name: JESSA Z. VALIDA
Subject: SOCIAL RESPONSIBILITY AND
GOOD GOVERNANCE
Topic: CORPORATE SOCIAL
RESPONSIBILTY

A. Summary of Report

Corporate Social Responsibility is a management concept whereby  companies

integrate social and environmental concerns in their business  operations and
interactions with their stakeholders.CSR helps both improve various aspects of
society as well as promote a positive brand image of companies. CSR initiatives are
often broken down into four categories: environmental, philanthropic, ethical, and
economic responsibility. Environmental initiatives focus on preservation of natural
resources, while philanthropic initiatives focus on donating to worthy causes that
may not relate to a business. Ethical responsibility ensures fair and honest
business operations, while economic responsibility promotes the fiscal support of
the goals above.

B. Comments

Businesses, especially the Corporation structure, are organized and created not
just solely for the purpose of profits or other privileges the shareholders and key
players can benefit but moreover to help contribute to the society and to care for
the welfare of the community.

As an employee working in a Cooperative, there is an allocation of funds for

Community Development from the annual net surplus of the Cooperative. This is
to be used for activities that will benefit the community. Some of the activities we
conducted were: Donation drive for the victims of Typhoon in Baybay Leyte,
Community Pantry in a community of less fortunate and others. In this way, we
were socially responsible through the initiative of Philanthropic which had great
impact not just to the lives of the beneficiaries but to the whole community/
society and also to us who were made as instruments to be of help to the needy.

C. Conclusion

Profits do matter, but today we know more about how business contributes to
society. Good firms bring innovation to the marketplace, which facilitates their
growth. Innovative, growing firms generate economic growth and employment,
which, in turn, greatly improves people's lives. CSR has disadvantages to
businesses but the advantages greatly offset the disadvantages of CSR. Companies
may be at risk of losing public image in case of any missteps, but with concerted
effort, they can surely build trust within its community.
D. Recommendation

Corporations should be aware of the importance of implementing Corporate

Social Responsibility (CSR). It has to adopt the concept of this idea and consider
the environmental and social impact of business decisions. On the contrary,
ignoring the corporate social responsibility will lead to consumers frowning upon
companies that ignore this and develop unethical reputations.