Which aspect of Corporate Social Responsibility focuses on obligations to stakeholders?

The correct answer emphasizes that ethical responsibilities in Corporate Social Responsibility (CSR) focus on the duties and expectations that a business has toward its stakeholders. Stakeholders can include employees, customers, suppliers, the community, and shareholders, among others. These responsibilities go beyond mere compliance with laws and regulations (legal responsibilities) or generating profits (economic responsibilities). They encompass the moral obligations businesses have to conduct themselves in a manner that is fair, transparent, and considerate of the impact their actions have on all those affected by their operations.

Ethical responsibilities require companies to consider the broader implications of their actions and to make decisions that align with societal values and expectations. This could involve treating employees fairly, ensuring product safety, and engaging in practices that contribute to environmental sustainability. In this way, ethical responsibilities serve as the foundation for building trust and maintaining positive relationships with various stakeholder groups, highlighting the importance of accountability and integrity in business operations.