Corporate Social Responsibility
/ˌkɔːrpəˈrɛɪt ˈsoʊʃəl rɪˌspɒnsəˈbɪləti/
Definitions
- (n.) A business model whereby corporations integrate social and environmental concerns into their operations and interactions with stakeholders, aiming to act ethically and contribute to societal goals beyond profit maximization.
The company enhanced its corporate social responsibility by implementing environmentally sustainable practices.
- (n.) A set of legal and voluntary principles guiding corporate conduct to promote accountability, transparency, and positive impact on community welfare.
Corporate social responsibility policies often address labor rights and environmental protection.
Forms
- corporate social responsibility
Related terms
See also
Commentary
Corporate social responsibility is a multidisciplinary legal concept involving compliance, ethical duties, and voluntary initiatives; its scope varies by jurisdiction and often overlaps with regulatory frameworks and soft law guidelines.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.