Corporate Social Responsibility

Corporate social responsibility is a form of corporate self-regulation integrated into the business model. The CSR policy acts as a self-regulatory mechanism by which a company monitors and ensures active compliance with laws, ethical standards and international norms.

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Definition:

Corporate Social Responsibility

Definition:

Corporate Social Responsibility

Corporate social responsibility is a form of corporate self-regulation integrated into the business model. The CSR policy acts as a self-regulatory mechanism by which a company monitors and ensures active compliance with laws, ethical standards and international norms. The goal of CSR is to take responsibility for the company's actions and promote a positive impact on the environment, consumers, employees, communities, stakeholders and all other members of the public through its activities. CSR is not an additional activity such as corporate citizenship (CC), but a social and environmental responsibility. This consists of accountability, transparency, ethical behavior, respect for stakeholders' interests, respect for the rule of law, respect for international standards of conduct. For example, it promotes safe working conditions and prohibits forced labor, child labor and all inhumane and illegal activities in companies.

Why is CSR important for companies?

CSR is important to companies because it reflects their commitment to ethical and sustainable practices. By investing in the health and safety of their employees and their local communities, companies demonstrate that they want to be a responsible corporate citizen. In addition, CSR activities help build trust and loyalty with customers, reinforce the company's brand, and demonstrate the company's commitment to social and environmental issues. CSR can also lead to cost savings and efficiencies, and help attract and retain talented employees. Ultimately, CSR helps companies do their part to create a better world.

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