Csr Corporate Social Responsibility Essay - 1285 Words

CSR stands for Corporate Social Responsibility and it is a concept with many definitions and practices and also a buzzword in the media. In general, corporate social responsibility is the policies and programs of business corporations which tend to benefit society while improving a corporation’s public image and profitability at the same time. The meaning of it is implemented in different countries and companies differently. Warren Buffet said that it takes 20 years to build a reputation and only 5 minutes to ruin it which means he mentioned the activity of the corporations here. In accordance with Buffet’s dialogue, business should be responsible to the society, environment and towards a sustainable developed planet. Many names are used to mention CSR such as socially responsible business, responsible entrepreneurship, corporate citizenship, corporate accountability or corporate sustainability etc. Corporate social responsibility is the continuing commitment by business companies to behave ethically contribute to economic development and simultaneously improve the standard of life and quality of life of the workforce their families, local communities and the society according to the World Business Council. For example - Eradicating extreme poverty and hunger, facilitating primary education, promoting gender equality and empowering women, reducing child mortality, making policies for the improve ment of maternal health, HIV/ AIDS, Malaria other fatal diseases, ensuringShow MoreRelatedCorporate Social Responsibility And Csr1566 Words   |  7 PagesSocial responsibility or also called Corporate Social Responsibility (CSR)- is the firm’s engagement (voluntarily initiated) in and its compliance (legally mandated) to environmental, social, and governance issues (The Foundation, 2014). Also, is based on stakeholder’s needs being financially sustainable, and CSR can come from both corporate or not-to-profit organizations. CSR has seven categories; Leadership, vision and values; Marketplace activities; Workforce activities; Supply chain activities;Read MoreCorporate Social Responsibility ( Csr )1167 Words   |  5 PagesCorporate Social Responsibility Introduction Corporate social responsibility (CSR) is a concept which is also known as corporate citizenship, corporate conscience or in a simple way a responsible business. It is an integrated concept of self-regulatory business model for any organisation. Corporate Social Responsibility has been in practice for more than fifty years now, which has been adopted not only by domestic companies but also by transnational company with voluntary CSR initiativesRead MoreCorporate Social Responsibility : Csr1232 Words   |  5 PagesCorporate social responsibility has become a buzzword within the industry in the last few years. Following the financial market crash investors and stakeholders began looking at corporations to act more socially responsible. 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