Significance of Corporate social responsibility
Corporate Social Responsibility (CSR) is a concept where companies integrate social and environmental concerns into their operations and interactions with stakeholders. It involves ethical obligations, sustainable practices, and a commitment to society beyond profitability. CSR impacts customer satisfaction, market value, and organizational performance, enhancing competitiveness and transparency. It's increasingly significant at European and international levels, influencing consumer decisions and company culture, and is interconnected with concepts like the circular economy and sustainable development.
Synonyms: Corporate sustainability, Corporate citizenship, Social accountability, Ethical business practices, Community involvement, Sustainable business practices, Social responsibility, Environmental responsibility., Csr, Responsible business, Sustainable business, Corporate accountability, Social performance, Sustainable development
The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.
The concept of Corporate social responsibility in scientific sources
Corporate Social Responsibility (CSR) is a business approach where companies integrate social, environmental, and ethical concerns into their operations, impacting stakeholders, sustainability, and financial performance.
From: Sustainability Journal (MDPI)
(1) This is the commitment of businesses to contribute to sustainable economic development by working with employees, their families, the local community, and society at large to improve their lives in ways that are good for business and good for development.[1] (2) The text mentions the implementation of the UniFg Corporate Social Responsibility, showing commitment to ethical and sustainable practices.[2] (3) Corporate social responsibility and employees’ voluntary pro-environmental behavior is influenced by organizational pride and employee engagement within an organization.[3] (4) Mutual funds play a role in Corporate Social Responsibility, according to research published in the Journal of Business Ethics.[4] (5) Corporate social responsibility activities of contractors, both on-site and within project communities, are necessary for firms to face sustainability-related challenges and pressures.[5]
From: International Journal of Environmental Research and Public Health (MDPI)
(1) Corporate Social Responsibility is surveyed alongside corporate governance, as discussed by Z. Li in the Research Handbook of Finance and Sustainability published by Edward Elgar Publishing in 2018.[6] (2) It is a theory of the firm perspective. It was investigated by McWilliams, A.; Siegel, D. and published in Acad. Manag. Rev in 2001.[7] (3) Green ventures can be seen as an economically responsible approach that reaffirms a company’s commitment to corporate social responsibility and sustainable practices.[8] (4) It is part of the workplace and using various channels, including public places, and physical education classes at school.[9] (5) Corporate social responsibility plays a role in the tourism sector, influencing traveler behaviors and perceptions, particularly in the context of the COVID-19 pandemic and sustainability efforts.[10]
From: Journal of Public Health in Africa
(1) Participation of various stakeholders is key in implementation and sustainability of the comprehensive school health program, and this has been embraced by multinational companies.[11] (2) Corporate social responsibility was mentioned as a mechanism through which private mobile telephone companies could support hotlines.[12]
From: Religions Journal (MDPI)
(1) This first met with much skepticism, was acclimated into China, and relevant regulations progressively enacted during the first decade of this century.[13] (2) "Corporate social responsibility" involves a company's commitment to society and the environment, which is influenced by factors like religious atmosphere.[14]