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Sir, can you explain me the difference between corporate ethics and corporate social responsibility?
Ethics is do to with morality – what is right and what is wrong. For example, it would be unethical for a company to pay bribes to win contracts or to engage in industrial espionage.
CSR is considers to what extent a company owes responsibilities to parties other than shareholders and in excess of what the law demands. So, should an airport, for example, voluntarily pay for sound-proofing in nearby homes? Should a manufacturer go further than the law demands in providing health cover or health screening for its workforce?
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