Take a look at this high level debate on CSR, should CSR exist, should it be at the core of a
company’s business? Powerfully debated by academics and corporate executives, whose
role is it to ensure the negative externalities of business activities are minimalized?
What can companies legitimately do?
Corporate social responsibility
From Wikipedia, the free encyclopedia
Corporate social responsibility ("CSR" for short, and also called corporate conscience, citizenship, social performance, or sustainable responsible business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. The goal is embrace responsibility for, an encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. Furthermore, CSR-focused businesses would proactively promote the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere, regardless of legality. CSR is the deliberate inclusion of public interest into corporate decision-making, and the honouring of a triple bottom line: people, planet, profit.
