Strategy, Leadership And Impact

43 - What is Corporate Social Responsibility

Informações:

Synopsis

Corporate responsibility, also known as corporate social responsibility (CSR) or corporate citizenship, refers to a company's commitment to addressing and managing its impact on society and the environment. Integrating social, environmental, and ethical considerations into a company's business practices and decision-making processes. Corporate responsibility extends beyond the pursuit of profit and encompasses a broader set of responsibilities towards stakeholders, including employees, customers, communities, suppliers, and shareholders. It recognises that businesses have a role in contributing to sustainable development, fostering positive social outcomes, and minimising negative environmental impacts. Critical areas of corporate responsibility often include:  1. Environmental Sustainability: Companies are expected to adopt practices that minimise their environmental footprint, such as reducing greenhouse gas emissions, conserving resources, promoting renewable energy, and implementing waste manageme