Corporate social responsibility
Form of corporate self-regulation aimed at contributing to social or charitable goals
Corporate social responsibility
Corporate social responsibility (CSR) refers to companies conducting their core operations in a responsible and sustainable way to create a positive corporate social impact. It is a form of international private business self-regulation, which aims to contribute to societal and environmental goals by reducing harm. For instance, by reducing a company's carbon footprint or increasing positive outcomes for all stakeholders. It is related to the company's commitment to be ethical in its production, employment, and investment practices. CSR is often confused with corporate sustainability; Bansal and DesJardine (2014) state that ethics permeate CSR, whereas sustainability requires businesses to make intertemporal trade-offs to uphold intergenerational equity. While CSR often takes the form of a philanthropic, activist, or charitable nature by supporting volunteering through pro bono programs, community development, and by administering monetary grants to non-profit organizations for the public...
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