corporate social responsibility

CSR The encouragement of correct social and environmental practice by organizations. The term corporate social responsibility (CSR) is used widely, in contexts as varied as the following: (i) environmental considerations (as elaborated by organizations like the *Coalition for Environmentally Responsible Economies); (ii) ethical and transparent conduct in relation to investors, employees, customers, vendors, and the other *stakeholders of an organization; (iii) *ethical investing; (iv) the encouragement of volunteer work by an organization’s employees to improve local communities; and (v) contributions to nation-building in recently independent countries. Corporate social responsibility is a controversial and disputed area, both in its principles and its advocacy of *social and environmental reporting. For example, the concept of the "triple bottom line reporting" of financial, environmental, and social matters to underpin sustainable economic activity is not universally accepted. The economist Milton Friedman has argued that "Few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much *money for their *stockholders as possible. This is a fundamentally subversive doctrine" (Friedman, 1982, 133). See also *sustainability. Further reading: Bruntland Report (1997); Davis (1975); Deegan (2002); Henderson (2001); Lehman (2001); Woodward et al. (2001)

Auditor's dictionary. 2014.

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  • corporate social responsibility — also corporate responsibility ➔ responsibility * * * corporate social responsibility UK US noun [U] (ABBREVIATION CSR, also corporate responsibility) …   Financial and business terms

  • Corporate Social Responsibility — Corporate initiative to assess and take responsibility for the company s effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental… …   Investment dictionary

  • corporate social responsibility — UK US noun [uncountable] business See:CSR …   Useful english dictionary

  • Corporate social responsibility — For other types of responsibility, see Responsibility (disambiguation). Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business)[1] is a form of… …   Wikipedia

  • Corporate Social Responsibility — Der Begriff Corporate Social Responsibility (CSR) bzw. Unternehmerische Gesellschaftsverantwortung (oft auch als Unternehmerische Sozialverantwortung bezeichnet), umschreibt den freiwilligen Beitrag der Wirtschaft zu einer nachhaltigen… …   Deutsch Wikipedia

  • corporate social responsibility — Gen Mgt a voluntary approach that a business enterprise takes to meet or exceed stakeholder expectations by integrating social, ethical, and environmental concerns together with the usual measures of revenue, profit, and legal obligation. Abbr.… …   The ultimate business dictionary

  • corporate social responsibility — UK / US noun [uncountable] business See: CSR …   English dictionary

  • Corporate Social Responsibility (CSR) — 1. Begriff: Neuausrichtung der gesellschaftlichen Rolle und Verantwortung von Unternehmen, sozial und ökologisch vertretbare Produktionsweisen, globaler Fokus. Weitgehend deckungsgleich mit der sozialen Dimension der ⇡ nachhaltigen Entwicklung.… …   Lexikon der Economics

  • Corporate Online Responsibility — ist ein an die Konzepte der Corporate Social Responsibility (CSR) und des Corporate Citizenship (CC) angelehntes Konzept, das explizit auf unternehmerisch verantwortungsvolles Handeln im Internet eingeht. Inhaltsverzeichnis …   Deutsch Wikipedia

  • Social responsibility — is an ethical or ideological theory that an entity whether it is a government, corporation, organization or individual has a responsibility to society but this responsibility can be negative. In that it is a responsibility to refrain from acting… …   Wikipedia

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