CSR

“Social responsibility is the responsibility of an organisation for the impacts of its decisions and activities on society and the environment, through transparent and ethical behaviour that:

  • Contributes to sustainable development, including the health and the welfare of society
  • Takes into account the expectations of stakeholders
  • Is in compliance with applicable law and consistent with international norms of behaviour, and Is integrated throughout the organization and practised in its relationships.”

Corporate Social Responsibility or CSR has been debated since the early twentieth century, but there has been little agreement over its definition due to:

  • Differences in national and cultural approaches to business
  • Differences in motivation for CSR – doing it because it is morally correct or doing it because it makes good business sense
  • Differences in disciplinary backgrounds, perspectives and methods of scholars engaged with CSR