Corporate Social Responsibility
What is CSR?
form of corporate self-regulation integrated into a business model process with the aim to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere to aid an organization's mission as well as a guide to what the company stands for 3
What is sustainable business?
being able to continue, or operating in a way that is conducive to ongoing trading the importance of businesses continuing, particularly in respect of providing jobs and custom for suppliers. to become a more holistic view of business activity - reporting on impacts to people, the planet and profit 4
Popular definitions of CSR
Carroll, 1979: "The social responsibility of business encompasses the economic, legal, ethical and discretionary expectations that a society has of organizations at a given point in time.“
EU Definition of CSR: "A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis." Mallenbaker Definition: "CSR is about how companies manage the business processes to produce an overall positive impact on society“ The World Business Council for Sustainable Development (WBCSD): "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large" 5
EU & WBCSD definition of CSR
consideration of both internal and external stakeholders
simply says to interact each law (or standard) needs to be carefully treated so as to ensure that serious...
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