The Definition Of Corporate Social Responsibility Essay example

757 Words 4 Pages
The definition of Corporate Social Responsibility (CSR) has been a staple topic of discussion all around the world. CSRs meaning in my research has shown to originate within an organization. In other words, it is business specific. What CSR means to one company is not necessarily what it means to another. For instance, an oil company’s social responsibility to the environment is much different than a business that makes sandwiches. CSR has been discussed for several decades, often heatedly, but still no formal definition is readily available. In searching for a definition of “corporate social responsibility” Merriam-Webster online responds with “Words fail us.” However vague a definition there is for CSR, there are still definitions that can be useful.
As can be seen in the following description of CSR, it is again company specific. CSR as defined by Investopedia (n.d.) is:
A corporation’s initiatives to assess and take responsibility for the company 's effects on environmental and social wellbeing. The term generally applies to efforts that go beyond what may be required by regulators or environmental protection groups. CSR may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change. (para. 1-2).
CSR Trend and Movement
CSR Clearly Unclear
Sahlin-Andersson (2006) tends to agree with the definition above. She states…

Related Documents