Corporate social responsibility: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Layout.) |
||
| Line 4: | Line 4: | ||
A form of corporate self-regulation integrated into a business model. | A form of corporate self-regulation integrated into a business model. | ||
Ideally, CSR policy is a built-in, self-regulating mechanism where the business or other organisation monitors and ensures its adherence to law, ethical standards, and international norms. | Ideally, CSR policy is a built-in, self-regulating mechanism where the business or other organisation monitors and ensures its adherence to law, ethical standards, and international norms. | ||
Revision as of 07:38, 13 November 2016
(CSR).
Corporate governance.
A form of corporate self-regulation integrated into a business model.
Ideally, CSR policy is a built-in, self-regulating mechanism where the business or other organisation monitors and ensures its adherence to law, ethical standards, and international norms.
The organisation embraces responsibility for the impact of its activities on the environment, consumers, employees, communities, other stakeholders and all other members of the public sphere. The organisation also proactively promotes the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere.
All this means both:
- Adherence to existing laws and
- Acting in a way that is significantly better than the minimum standards required by law.
