CORPORATE SOCIAL RESPONSIBILITY

OVERVIEW

 Corporate social responsibility (CSR) is a self-regulating business model that helps a

company be socially accountable — to itself, its stakeholders, and the public. 

 Is a management concept whereby companies integrate social and environmental

concerns in their business operations and interactions with their stakeholders.

  Is how companies manage their business processes to produce an overall positive impact
on society. 

 A CODE OF CONDUCT AND ACTION BEYOND WHAT IS REQUIRED BY LAWS,

REGULATIONS AND TRADE RULES

DIFFERENCE OF SOCIAL RESPONSIBILITY AND BUSINESS ETHICS

BUSINESS ETHICS CSR

• There are goods things in business • There are good things for society
that are not good for society. that are not good for business.

• Is more of a conscience. • More on of policy or an obligation

to the community

• Should make a positive move for • Obliged to perform beneficial

society. activities for society.

• VERY broad field of study • Narrowly about a company’s

concerning good ethical decision- SOCIAL obligations. That is a
making in commercial context. company’s obligations to society
• in general.

• Concerned with not just social • Extent to which companies owe

obligations, but also obligations to something to “society at large”
employees, customers, suppliers
and competitors.

• Is about “Good” or “Bad” conduct • Integrating economic, social and

according to moral standards. environmental targets in one
strategy.