Corporate Social Responsibility
Corporate Social Responsibility (CSR) refers to a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public. It is a form of corporate self-regulation integrated into a business model whereby companies voluntarily commit to improving their social and environmental performance beyond what is required by law, in order to meet the broader needs of society. CSR encompasses actions taken by a corporation to address various societal and environmental issues, such as philanthropy, volunteering, ethical labor practices, fair operating practices, stakeholder engagement, and environmental sustainability. It involves taking responsibility for the company's impact on the environment and social well-being of its stakeholders, including customers, employees, investors, communities, and natural resources. CSR is a reflection of a company's values, mission, and culture, and it can contribute to long-term business success by enhancing reputation, building trust, reducing risks, and improving financial performance.
External Links
- [CorporateSocialResponsibility.com] Corporate Social Responsibility - Corporate Social Responsibility | What is CSR and why does it matter?
- [CorporateSocialResponsibility.org] Corporate Social Responsibility (CSR) News | CSR.org
- [CorporateSocialResponsibility.us] Corporate Social Responsibility | Grav
- [Dig.com] Disney - Leadership, History, Corporate Social Responsibility
- [infosys.org] Infosys - Corporate Social Responsibility