Corporate Social Responsibility
Corporate Social Responsibility – What does it mean
One of the most frequently asked questions – and probably for all those individuals and organisations dealing with CSR issues is the obvious – just what does “Corporate Social Responsibility” mean anyway Is it a stalking horse for an anti-corporate agenda Something which, like original sin, you can never escape Or what
Different organisations have framed different definitions – although there is considerable common ground between them. My own definition is that CSR is about how companies manage the business processes to produce an overall positive impact on society.
Take the following illustration:
Companies need to answer to two aspects of their operations. 1. The quality of their management – both in terms of people and processes (the inner circle). 2. The nature of, and quantity of their impact on society in the various areas.
Outside stakeholders are taking an increasing interest in the activity of the company. Most look to the outer circle – what the company has actually done, good or bad, in terms of its products and services, in terms of its impact on the environment and on local communities, or in how it treats and develops its workforce. Out of the various stakeholders,
business, different, csr, society, companies, terms, sustainable, social, responsibility, one, interest, taking, quality, national, model, mean, issues, impact, growing, definitions, company, communities, been, about, world, workforce, wealth, various, thing, stakeholders, should, shape, role, profits, processes, process
