Corporate Social Responsibility ( Csr )

1918 Words Aug 22nd, 2014 8 Pages
Corporate Social Responsibility

Introduction:

Different authors and forums have defined Corporate Social Responsibility (CSR) differently. For example as per World Bank definition Corporate Social Responsibility (CSR) means an organization must be accountable in front of its stakeholders for all of its actions and operations (Nicolau 2008). According to European Union (EU) Corporate Social Responsibility (CSR) is a concept by which organizations integrate social and environmental interests in their operations and in their dealings with stakeholders voluntarily (Daniel & Richard 2007).
The high volume of research on the topic of Corporate Social Responsibility (CSR) actually highlights the significance of this topic. A lot of discussion on this issue turned this concept into an important part of today’s corporate world. As a result people expect from today’s organizations to maintain higher ethical standards in their operations and fulfill social responsibility towards the society in which they operate (Swaen & Lindgreen 2010). Due to heavy attention by researchers on this topic now Corporate Social Responsibility (CSR) is very well known but in the past different but related terms had been used in the meaning of CSR. This collection of terms include corporate citizenship, business ethics, sustainability, corporate social performance, triple bottom line or corporate accountability (Daniel & Richard 2007).

In this essay it will be tried to discuss some of the…
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