Csr : Corporate Social Responsibility Essay

1285 WordsMay 12, 20166 Pages
CSR stands for Corporate Social Responsibility and it is a concept with many definitions and practices and also a buzzword in the media. In general, corporate social responsibility is the policies and programs of business corporations which tend to benefit society while improving a corporation’s public image and profitability at the same time. The meaning of it is implemented in different countries and companies differently. Warren Buffet said that it takes 20 years to build a reputation and only 5 minutes to ruin it which means he mentioned the activity of the corporations here. In accordance with Buffet’s dialogue, business should be responsible to the society, environment and towards a sustainable developed planet. Many names are used to mention CSR such as socially responsible business, responsible entrepreneurship, corporate citizenship, corporate accountability or corporate sustainability etc. Corporate social responsibility is the continuing commitment by business companies to behave ethically & contribute to economic development and simultaneously improve the standard of life and quality of life of the workforce & their families, local communities and the society according to the World Business Council. For example - Eradicating extreme poverty and hunger, facilitating primary education, promoting gender equality and empowering women, reducing child mortality, making policies for the improvement of maternal health, HIV/ AIDS, Malaria & other fatal diseases, ensuring
Open Document