![]() It’s a form of self-regulation that can be expressed in initiatives or strategies, depending on an organization’s goals. What Is Corporate Social Responsibility (CSR)?Ĭorporate social responsibility (CSR) is the idea that a business has a responsibility to the society that exists around it, according to the online course Sustainable Business Strategy.įirms that embrace corporate social responsibility are typically organized in a manner that empowers them to be and act in a socially responsible way to have a positive impact on the world. Some even carry designations or seals, such as B Corporations (B Corps), social purpose corporations (SPCs), and low-profit limited liability companies (元Cs).īut what is corporate social responsibility, and what are the different forms it can take?įree E-Book: How to Be a Purpose-Driven, Global Business ProfessionalĪccess your free e-book today. This realization has led to the emergence of companies that identify as socially responsible. Rather, they have a social responsibility to do what’s best not just for their companies, but people, the planet, and society at large. In the past few decades, however, more business leaders have recognized that they have a responsibility to do more than simply maximize profits for shareholders and executives. ![]() Maximizing profits was at the heart of every action taken or initiative pursued. ![]() Until fairly recently, most large businesses were driven almost exclusively with a single goal in mind: profit. ![]()
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