Home > Blossary: Corporate Social Responsibility CSR
Every business is usually meant for making business, i.e. making profit. Every business has too a duty to its community, whether it is to the workers by being a good employer, to the surrounding environment by causing harm as little as possible or to the share holders by delivering a reasonable return on investments, in all delivering the best to the stakeholders. Stakeholders are individuals or groups directly or indirectly affected by the Corporate culture, as well as those who may have interests in a corporate body or business or the ability to change its activities positively or negatively, such as : Business owners - Environmental activists - Governments - Trade Unions – Factory Workers – Raw Material suppliers – Point of Sale [POS] Customers. A company cannot thrive, grow without engaging its community, which includes its suppliers, its customers, its shareholders and members of the general public. The CSR shouldn’t be confused with Corporate philanthropy [loving mankind] like donating cash, foods, clothes to the have-nots, flood survivors or any disaster survivors. CSR is an umbrella concept covering various participating concepts, like Organisational Governance, Social Compliance, Social Responsibility, Corporate Philanthrophy, which include fields like Working conditions, Human Resources Management, Product Quality, Ethical Financing, Environmental protection, Community Welfare, Education & Health care, Donations to Good causes. There are some International Organisations and Programs providing and certifying CSR standards around the globe.

Category: Business

11 Terms

Created by: SharfuddinR

Number of Blossarys: 11

My Terms
Collected Terms

The global standard is issued by the International Association for Research and Testing in the Field of Textile Ecology (Oeko-Tex) with headquarters in Zurich (Switzerland). It currently includes 15 ...

Domain: Business administration; Category: Business management

REACH is the Regulation on Registration, Evaluation, Authorisation and Restriction of Chemicals. It entered into force on 1st June 2007. It streamlines and improves the former legislative framework ...

Domain: Business administration; Category: Business management

It was founded in 1987 by Daniel Katz, who serves on its board of directors, and is led by President Tensie Whelan. The Rainforest Alliance is a non-governmental organization (NGO) working to ...

Domain: Business administration; Category: Business management

Waste and Resource Action Program WRAP, a non-profit quango in the United Kingdom.WRAP was established in 2000 as an independent not-for-profit company limited by guarantee. It receives funding from ...

Domain: Business administration; Category: Business management

Member comments


( You can type up to 200 characters )

Post  
My other Blossarys

Protecting our planet from pollution is the talk ...

Category: Science

By: SharfuddinR

As 2014 football world cup is on lets know some ...

Category: Sports

By: SharfuddinR

Vision , visualizing or seeing is an act of eye ...

Category: Science

By: SharfuddinR

Vision , visualizing or seeing is an act of eye ...

Category: Science

By: SharfuddinR