Corporate Citizenship


Also found in: Encyclopedia.

Corporate Citizenship

A company's responsibility to its community and to the world as a whole. A company's corporate citizenship includes passive acts such as avoiding pollution or positive acts such as building a park near its factory. A company may engage in corporate citizenship for charitable or philanthropic reasons, but may also do so to protect its profits. That is, a company known for poor corporate citizenship is more likely to invite boycotts or to drive away potential customers. See also: Ethical investing.
References in periodicals archive ?
Chamber of Commerce Foundation Corporate Citizenship Awards honor businesses for their significant positive impacts in communities around the world.
The Corporate Citizenship Award celebrates the organisations bringing their corporate values to life through a range of social impact initiatives.
We have implemented our corporate citizenship strategy to align ourselves with our occupiers, who are placing an increased importance both on sustainability and staff amenity.
Responsible business practices, which are at the heart of corporate citizenship, help build trust and contribute to development and sustainability of the capital markets.
He observed that corporate citizenship advocates doing the right thing and expects business organisations to conduct themselves in an upright manner andA that companies have rights and responsibilities vis-a-vis the community, which they seek to serve.
On a more positive note, the Boston College Center for Corporate Citizenship research study, 2009 State of Corporate Citizenship in the United States, reports that commitments to corporate citizenship continued despite the recession.
GAC Qatar boosts corporate citizenship with gifts to hostel
Opening chapters address the recent development of the idea of corporate citizenship through debates on the relationship between business and society and the social responsibility of professions and their members.
The judges said: "Shoosmiths' submission reflects the energy, enthusiasm and commitment to corporate citizenship that is clearly embedded throughout the firm.
Nearly half (46%) of the responding companies say that corporate citizenship and sustainability are major sources of business opportunity and not only sources of business risk alone.
For example, according to a survey conducted by the PR firm Hill & Knowlton, 79 percent of Americans take corporate citizenship into account when making purchase decisions, and 71 percent consider it when making investment decisions.
Corporate citizenship practices are more important to consumer impressions than brand reputation or financial factors, according to an international survey cited in a 2002 paper on corporate citizenship by Arthur D.
Full browser ?