Corporate social response is the how a corporation or organization works responsibly in order to meet the expectations and needs of the stakeholders, employees, communities, and regulators. As such, corporate social responsibility is composed of four obligations. First, is the economic responsibility that requires companies, with the exception of nonprofit organizations, to make money, as this is the primary objective of a business. Second, is the legal responsibility that requires an organization to adhere to the set rules and regulations. Third is the ethical responsibility to do what is right, even though, the of the waste safely, even where the laws is The second corporate social response theory is the triple bottom line. Ultimately, the triple bottom line is a form of corporate social response that dictates how corporates should measure their results. Corporates should measure their results not only in economic terms but also in terms of the company’s effect on the social territory especially in response to the environment. to cover as many people as possible. The final aspect of the triple bottom line is the environmental sustainability that affirms that protection of the environment is vital. As such, and guided by the Westpac Bank 2014 Report it is clear that Westpac’s sustainability strategy was forged on the basis of Finally, the statement “Our responsibility is to express a limited assurance conclusion as to whether the subject matter is presented in accordance with the criteria” again affirms the fact that this report has been prepared by stakeholders who are expressing their views to Westpac.

Question 2

where the company benefits more than the charity. Firms that claim to promote CSR and to be committed to sustainable development, while at the same time engaging in harmful business practices in the communities they operate in challenge the whole concept and meaning of CSR. Multinational companies are the greatest victims when it comes to a comparison of the sustainable developments in the communities they operate in against the resulting harm and profits for the multinational companies. For instance, in Nigeria, Shell had to compensate Nigerian farmers because of massive oil spillages that had left the farmers without a source of income. Ultimately, this means that while the multinational companies make positive contributions to the communities, these contributions are not commensurate with the benefits they accrue. In Europe, CSR bases more on legal and ethical responsibilities unlike in Africa where the focus is economic and philanthropic.

It is with this in mind that European nations acknowledged the need for businesses to divulge on sustainability especially on social and lled put will examine the nature of CSR as well as provide easy access to information on the impact of business on the society. Ultimately,