[SOLVED] There is no clear definition of corporate

There is no clear definition of corporate social reporting (CSR). The European Commission defines CSR as “the responsibility of enterprises for their impacts on society.” In the United States, there is no governmental regulation regarding CSR.
Companies tend to develop their own codes of conduct which their members as a whole should aspire to follow. Early notions of CSR can be traced back to the 1960s. Currently, CSR generally includes the economic, legal, ethical, and philanthropic responsibilities of companies. The economic responsibilities of companies refer to the provision of goods and services to the public and making a profit; the legal responsibilities refer to the need to act within the law; the ethical responsibilities relate to the recognition of doing what is right and fair, when this has not been codified into the law; and philanthropic responsibilities refer to the acceptance of the need to be good corporate citizens and improve the quality of life.
Since the beginning of this century, multinationals and their operations have slowly begun to be scrutinized by different segments of society, using social responsibility as a criterion. Consequently, CSR has evolved into a complex concept that is now a key component of corporate decision making. However, campaigns and public scandals involving issues ranging from environmental pollution to child labor and racial discrimination resulted in increased media attention to the activities of multinationals.
Nowadays, many leading multinationals seem to prepare sustainability reports voluntarily based on the Global Reporting Initiative (GRI) Guidelines, which are a set of guidelines for businesses, created to stimulate socially responsible corporate behavior. The GRI has developed reporting guidelines for companies to assist them in disclosing nonfinancial information about the way they pursue their activities. The guidelines address, among other things, the environmental and social conduct of companies.
Company Proﬁle
Modco was founded in 1960, with the opening of the first Modco discount store, and was incorporated as Modco Stores Inc. in January 1970. The company’s shares were listed on the NYSE in 1975. Modco has a full range of groceries and general merchandise in a single store. Modco is proud of the fact that it offers its customers a one-stop shopping experience and is one of the largest private employers in the United States and one of the world’s largest retailers. It has more than 8,000 retail units under several banners in 15 countries. They all share a common goal of promoting the idea “better life for people by helping them save money.” Modco has 2 million employees worldwide, and generated net sales of $200 billion during fiscal year 2012.
Since 2005, Modco has published its annual report on its Web site. According to its CEO, Modco’s annual report reflects the social and environmental dimensions of its activities, and its constant and progressive work toward social responsibility issues. Modco’s 2012 annual report states how its emphasis on sustainability has helped the company to be the retail leader in the market. According to the report, Modco has investments in education, health, commitments to fi ght hunger, support for local farmers, and access to healthier and affordable food. Such reports portray an image of the company as a role model on CSR……………………………

Required:
Assuming that you are part of a research team examining the CSR policies of large companies, evaluate the CSR policy of Modco.

Question: There is no clear definition of corporate