|
Corporate social
responsibility (CSR, also called corporate conscience, corporate
citizenship, social performance, or sustainable responsible
business/ Responsible Business) is a form of corporate
self-regulation integrated into a business model. CSR policy
functions as a built-in, self-regulating mechanism whereby a
business monitors and ensures its active compliance with the
spirit of the law, ethical standards, and international norms.
In some models, a firm's implementation of CSR goes beyond
compliance and engages in "actions that appear to further some
social good, beyond the interests of the firm and that which is
required by law." CSR is a process with the aim to embrace
responsibility for the company's actions and encourage a
positive impact through its activities on the environment,
consumers, employees, communities, stakeholders and all other
members of the public sphere who may also be considered as
stakeholders |