Question

Coca-Cola spent $102 million through The Coca-Cola Campaign focusing on water stewardship, healthy and active lifestyles, community recycling, and education. This initiative is an illustration of a CSR program.
True or False?

Answer 1

Answer:

True

Explanation:

The concept of corporate social responsibility refers to acting socially responsible via discharge of social obligations by a corporate. The concept recognizes the fact that a business derives it's resources, manpower and other needs from the society.

Thus, it is essential for a business to act socially responsible via judicial use of the resources, acting in the interests of the society by contributing towards education and other amenities such as drinking water and sanitation services.

In the given case, Coca cola spending $102 million towards water stewardship, healthy and active lifestyle, community recycling and education is an example of it's CSR program. Since the activities do not form part of the company's business activities and are separate.