Question

A clothing company, Clendtine Fashions, pledges five percent of its annual revenue to environmental causes around the world. Being one of the top international companies, the founders of the company have an obligation to contribute toward the betterment of the world. This scenario is an example of Clendtine Fashions's participation in _____.

Answer 1

Answer:

Corporate social responsibility

Explanation:

Corporate social responsibility (CSR) is an approach that a business uses to demonstrate its concern for the surroundings. Through CSR, a company exhibits its commitments to the public or the environment. By practicing CSR, companies become corporate citizens.

CSR is gaining popularity. Businesses are adopting sustainable development agenda into their business models. Engaging in conservation matters makes Clendtine Fashions a friend to the environment.