Corporate Social Responsibility

Corporate social responsibility (CSR) refers to business activities that take into account their social and environmental impacts. Socially responsible companies adopt voluntary codes of conduct and promote business practices that are sustainable with regard to nature and the social fabric of local communities. CSR requires the corporation to consider its impact on, and responsibility toward, a more broadly defined stakeholder group, adding to owners or shareholders, workers, consumers, the concern for the larger public, and the planet.