Corporate Social Responsibility

Corporate social responsibility, often abbreviated to CSR, can be described as a corporation’s self-regulated initiative to assess and take responsibility for the company’s impact on society and the environment. The term generally applies to the efforts that ensures active compliance within the spirit of law, ethical standards and national and international norms. Nowadays CSR approaches taken by many corporations seek to go beyond compliance and engage in actions that deliver further social good, beyond the interests of the organisation and that which are required by law.