Corporate Social Responsibility
Short Definition
A management approach in which companies integrate social and environmental concerns into their operations and stakeholder interactions on a voluntary and ethical basis.
Context
Extended Definition
Corporate Social Responsibility represents the ongoing commitment of organizations to act ethically and contribute to economic development while improving the quality of life of employees, communities, and society at large. CSR involves initiatives that go beyond profit generation, addressing areas such as environmental protection, human rights, education, diversity, and community engagement.
In contemporary management, CSR is no longer a peripheral activity but part of a company’s strategic identity—embedded in branding, culture, and governance. It also serves as a bridge between business and society, fostering trust, reputation, and long-term value creation. The rise of Impact Marketing and ESG investing has expanded CSR from a moral duty into a measurable driver of innovation and competitiveness.
Contemporary Example
See also
Part of chapter: Glossary