What is Social Responsibility
Definitions of Corporate Social Responsibility (CSR) range from business ethics, to sustainability, to corporate citizenship. Some companies simply see CSR as "the right thing to do"; while others see it as a strategic differentiator for their company and a means to achieving greater business value.
NHBSR defines CSR as a company's commitment to operating in an economically, socially and environmentally sustainable manner, while recognizing the interests of its stakeholders, including investors, customers, employees, business partners, local communities, the environment and society at large.
Why should today's companies be interested in CSR?
Many of today's successful companies are operating with their stakeholders in mind. Their progressive corporate social performance contributes to their long-term financial viability, which further promotes healthy communities and stable economies.
What is the difference between CSR and regular good works?
CSR goes beyond good works such as volunteerism and charity. Companies that practice CSR develop policies and programs in areas such as employee relations, community development, environmental stewardship, international relationships, marketplace practices, fiscal responsibility and accountability.
Why do consumers care about CSR?
Sustainability and community health have never been more important and corporations are recognized as an integral part of community. Companies accountable for their corporate social performance are perceived as better able to offer consumers and communitie's real value for goods and services, without harming people or the environment.
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