Corporate Social Responsibility (CSR) and its Impact on Amazon's Performance

Corporate social
responsibility

Table of Contents
INTRODUCTION ............................................................................................................................3
Compare the financial accounting and social accounting.............................................................3
Social and environmental challenges in business..........................................................................4
Responses of business organisation to social and environmental challenges...............................5
Corporate social responsibility of the organisation.......................................................................6
CONCLUSION .................................................................................................................................8
REFERENCES.................................................................................................................................10

INTRODUCTION
The corporate social responsibility are described as ethical roles of corporation in the
society. Main aim of the CSR is to enhance profitability for long term and trust of the shareholder
through the high ethical standards and positive public relation to reduce their business by legal
risk. For this, the organisation takes responsibilities for the corporate actions (Bacinello, Tontini
and Alberton, 2020). The firm selected in this report is Amazon that is founded by Jeff Bezos in
1994. it is a technology company in worldwide and focuses on the e commerce, digital streaming,
cloud computing and the artificial intelligence. This report will include the difference between
financial and social accounting with their importance, social and environmental challenges in the
organisation, business responses towards social and environmental challenges and social
responsibility of the organisation.
Compare the financial accounting and social accounting
Basis Financial accounting- Social accounting-
Meaning It is a specific brand of the
accounting that involve a
process of the recording,
summarizing and reporting of
transaction resulting from the
business operational activities
during a time period.
It is an activity of
communicating the
environmental and social
effects of the economic action
of organisation to specific
interested groups of people sin
a society.
Purpose It assist the business to track
its income and expenditure,
make sure statutory
compliance, provide investors,
government and management
with a quantitative financial
information that can be used to
Its purpose is to honer the
rights of stakeholders to
information, responsibility and
balance power, enhance the
organisational transparency by
identifying environmental and
social cost of the traditional