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.
References in periodicals archive ?
Chris Jobe, North-east director of banking giant Northern Rock said: "Being a good corporate citizen is fundamental to us and we have a history of supporting local community and charitable causes - the essence of corporate social responsibility.
The life assurance giants, who employ 2500 in Stirling, were bottom of a list of finance firms in the corporate social responsibility stakes.
One of the most glaring voids in corporate social responsibility (CSR) research and practice has been the absence of accepted standards and performance indicators for the measurement of CSR activities.
It was founded in the Philippines by the RVR Centre for Corporate Social Responsibility at the Asian Institute of Management (AIM).
Mendez has more than 20 years of corporate social responsibility experience.
ITOCHU is determined to continue placing great importance on corporate social responsibility in corporate management as a company with integrity, so that it may make further contributions to the realization of sustainable society moving forward.
Commenting on the sponsorship support for the Second Bahrain International Corporate Social Responsibility (CSR) Conference and Exhibition, Alba's CEO, Tim Murray said:
The Dewa is keen to participate in all such events that enhance its corporate social responsibility.
The OECD experts also participated in the drafting of the national concept of corporate social responsibility based on economic motivation of business.
Historians of corporate social responsibility generally agree that the concept emerged in the 1930s and 1940s.
Bulgaria's Labor Ministry is going to compile a "white book" containing a list of companies applying the principles of corporate social responsibility in the country.
For the seventh year, the Bulgarian Businesses Leaders Forum handed out its annual Corporate Social Responsibility awards at a ceremony on February 16 in Sofia, with politicians, ambassadors and business people in attendance.

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