Corporate Social Responsibility

Definition of Corporate Social Responsibility as it relates to Business, Business Law, Tort Law

Corporate Social Responsibility (CSR) refers to the ethical obligations and responsibilities that businesses have towards society and the environment, beyond their legal requirements. It encompasses voluntary actions taken by companies to promote positive social and environmental impacts through their operations, products, and services. CSR is rooted in the principles of business law and tort law, as it requires companies to consider the potential harm or benefits of their actions on society and the environment, and take appropriate measures to mitigate risks and maximize benefits. In this context, businesses are expected to operate in a manner that aligns with societal values and expectations, balancing profit-making with social responsibility.

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