Erica Mae G.

Magsino
 Philanthropic corporate social responsibility involves
donating funds, goods, or services to another
organization or cause. For example, the local branch of
a bank might donate money to fund the purchase of
uniforms for a school sports team, or a health care
company might donate to the city opera.

 Ethical responsibility is the ability to recognize,

interpret and act upon multiple principles and values
according to the standards within a given field and/or
context.

 Legal responsibility means specific duties imposed upon

a person to care or provide for another including
liability for personal obligations as granted through a
Power of Attorney or Court order.

 Economic responsibility initiatives involve improving

the firm’s business operation while participating in
sustainable practices – for example, using a new manufacturing process to minimize wastage.