Corporate Social Responsibility

From PhilanthropyWiki

Corporate Social Responsibility Definition

Corporate Social Responsibility (CSR) is a descriptive term and there is currently no generally accepted definition, as the language is still evolving. Two useful definitions which cover the essential concepts are:

• The commitment of business to contribute to sustainable economic development, working with employees, their families, the local community and society at large to improve their quality of life. (World Business Council on Sustainable Development)

• Operating a business in a manner that meets or exceeds the ethical, legal, commercial and public expectations that society has of business. (Business for Social Responsibility)