What is 'Corporate Social Responsibility (CSR)'?

Corporate social responsibility (CSR) is a business model that helps a company be socially accountable — to itself, its stakeholders, and the public. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

| Term of the Day Corporate Social Responsibility (CSR) Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable — to itself, its stakeholders, and the public. By practicing corporate social responsibility, also called corporate citizenship, companies can be conscious of the kind of impact they are having on all aspects of society including economic, social, and environmental. To engage in CSR means that, in the normal course of business, a company is operating in ways that enhance society and the environment, instead of contributing negatively to them. Read More » Related to "Corporate Social Responsibility (CSR)" Why is social responsibility important to a business? Socially responsible companies improve their brand, attract and retain top talent, and improve relationships with their customers and their communities. Read More » Why Is Social Responsibility Important in Marketing? Social responsibility in marketing can drive consumers toward products and services, enhancing a company's brand as well as benefiting others. Read More » Socially Responsible Mutual Funds It is possible to avoid unethical investments and still profit from mutual funds. Here's how. Read More » Related Definitions Corporate Citizenship Corporate citizenship refers to the extent to which businesses are socially responsible for meeting legal, ethical and economic standards. Read More » Social Responsibility Social responsibility is a theory that asserts that businesses, in addition to maximizing shareholder value, have an obligation to act in a manner that benefits society. Read More » International Organization for Standardization (ISO) The International Organization for Standardization or ISO is an international nongovernmental organization made up of national standards bodies. Read More » Environmental, Social, and Governance (ESG) Criteria Environmental, social, and governance (ESG) criteria are a group of standards used by socially conscious investors to screen investments. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com To update your newsletter preferences or unsubscribe, click here. 114 West 41st St, floor 8 New York NY 10036 © 2019, Investopedia, LLC, All Rights Reserved | Privacy Policy