{% extends "global/Page.html" %}
{% load otree %}

{% block title %}Explanation of CSR and disclosure{% endblock %}

{% block content %}

<p>
    This survey examines the relationship between CSR and disclosure. However, we think that many people are not familiar with the concept of CSR. The following describes CSR and disclosure. <br>
    <strong>Read below and answer the questions that follow.</strong>
</p>

<h3 style="text-align:center;">
    Description
    </h3>

<p>
    CSR stands for Corporate Social Responsibility and means "Kigyou no Shakaiteki Sekinin" in Japanese. CSR is a framework to encourage companies to tackle environmental issues such as global warming and biodiversity, social issues such as social diversity, human rights, and food safety. The CSR framework encourages companies to go beyond legal boundaries to address social issues. Besides, CSR is not only a way to encourage companies to participate in solving social issues, but also as a catalyst for finding new business opportunities for companies. For example, improving energy efficiency not only contributes to preventing global warming by reducing CO2 emissions but also leads to cost reductions by reducing utility costs. Encouraging the hiring and hiring of diverse people to managerial positions not only contributes to eliminating gender inequality but also creates new services and products that take advantage of their perspectives.
</p>

<p>
    For this reason, investors have recently begun to incorporate corporate CSR initiatives into investment evaluations. CSR information tends to be received as a signal about business risks and future business opportunities. However, it is not always easy for investors who are outside the company to evaluate the CSR activities being carried out inside the company. Unlike ordinary financial reporting, companies do not report on CSR in accordance with the rules set by law. Companies can voluntarily decide whether or not to disclose a CSR report, and what content to disclose. On the other hand, companies that actively engage in CSR activities disclose more CSR information so that investors and others can understand their efforts. However, on the other hand, it has been pointed out that companies that are reluctant to carry out CSR activities and are facing issues tend to actively disclose CSR information in order to improve the appearance alone to avoid criticism from investors. Therefore, it is necessary to carefully evaluate the CSR information disclosed by companies.
</p>

<h3 style="text-align:center;">
    Questions
    </h3>

<p>
    In the explanations on CSR and disclosure, choose CORRECT or INCORRECT.
</p>

    {% formfield player.csr1 label="The CSR framework encourages companies to address environmental and social issues beyond what is required by law." %}

    {% formfield player.csr2 label="CSR does not contribute to a company's financial performance." %}

    {% formfield player.csr3 label="Investors rarely consider CSR information when evaluating companies." %}

    {% formfield player.csr4 label="Similar to financial disclosure, disclosure rules set by law are applied to corporate CSR disclosure." %}

    {% formfield player.csr5 label="It has been pointed out that companies that are reluctant to CSR activities tend to actively disclose CSR information in order to improve their appearance." %}

{% next_button %}


{% endblock %}