What Is Defensive CSR? How Is It Different from Proactive

question 34

Essay

What is defensive CSR? How is it different from proactive CSR?

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Definitions:

Matching Principle

An accounting principle that dictates that expenses should be recorded in the same period as the revenues they helped to generate.

Asset's Cost

Represents the total amount incurred to acquire an asset and make it operational, including purchase price and all other expenses necessary to get the asset into a usable state.

Service Life

The estimated period that an asset is expected to be useful in the operations of a business.

Taxable Income

The amount of income used to calculate an individual's or a company's income tax due, typically gross income minus deductions and exemptions.