Q. Which of the following statements is/are correct?

1. Corporate Social Responsibility (CSR) aims to make a business accountable.
2. Environmental, Social and Governance (ESG) aims to make business’ efforts measurable.

Choose the correct answer using the codes given below:
Answer: Both 1 & 2
Notes: Corporate Social Responsibility (CSR) encompasses a company's social, environmental, and economic policies, reflecting its values and culture. CSR is self-regulated and varies widely, focusing on accountability but lacking precise measurement. In contrast, Environmental, Social, and Governance (ESG) criteria assess sustainability through quantitative metrics, aiding investors and consumers in evaluating a company's ethical practices. While CSR emphasizes accountability, ESG provides measurable goals, such as increasing recycled materials or planting trees, to track progress.

This question is part of UPSC Daily 20 MCQ Series Course on GKToday Android app.