corporate social responsibility

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corporate social responsibility

a business philosophy which stresses the need for firms to behave as good corporate citizens, not merely obeying the law but conducting their production and marketing activities in a manner which avoids causing environmental pollution or exhausting finite world resources. Some businesses have begun to behave in a more socially responsible manner, partly because their managers want to do so, and partly because of fear of environmentalist and consumer pressure groups and the media, and concern for their public image. It is argued that socially responsible behaviour can pay off in the long run, even where it involves some short-term sacrifice of profit. See CONSUMERISM, COMPANY IMAGE, CORPORATE GOVERNANCE.
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It announced that Don Graves will succeed Murphy and assume responsibility for Key's Corporate Responsibility and Community Relations functions.
NYSE: HTZ), has received a 2017 Corporate Responsibility Champion Award from the Council of Corporate Responsibility in collaboration with the National Diversity Council.
Each year, the list measures the success of the corporate responsibility movement by celebrating the most successful, most transparent companies who report on their responsible practices.
NYSE: VOYA) said its Corporate Responsibility Annual Report details the organization's corporate responsibility (CR) approach in four key areas: community investment, environmental sustainability, multicultural affairs and business practices and principles.
Lisa McIlvenna from Business in the Community said: "Our member companies have been asking us for some time to provide a framework for identifying corporate responsibility activity and measuring performance.
For the second year in a row, Corporate Responsibility magazine has named global management consulting firm Accenture (NYSE: ACN) as one of the top government suppliers.
companies by revenue, 83 percent report on their corporate responsibility activities, up from 74 percent in 2008.
The rise of corporate responsibility and citizenship has been two decades in the making.
Nearly every Global Fortune 250 (G250) company now reports its corporate responsibility activity, while reporting by pharmaceuticals, consumer markets, and construction industries more than doubled since KPMG International last conducted its global survey in 2008.
Research published in the UK by Deloitte suggests the reasons why large UK companies undertake corporate responsibility activities have evolved in recent years.
The BiTC Corporate Responsibility Index is the UK's leading voluntary benchmark of Corporate Responsibility (CR) which compares, celebrates and communicates the social and environment performance of companies.
As we have all seen in recent years, being a good corporate citizen has become more and more important on companies' agendas, and many corporate leaders are seeking to integrate corporate responsibility programs into their core business practices.

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