Corporate social responsibility, the wiki version. (It’s a mouthful).
Corporate social responsibility (CSR), also known as corporate responsibility, corporate citizenship, responsible business, sustainable responsible business (SRB), or corporate social performance, is a form of corporate self-regulation integrated into a business model. Ideally, CSR policy would function as a built-in, self-regulating mechanism whereby business would monitor and ensure its adherence to law, ethical standards, and international norms. Business would embrace responsibility for the impact of their activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. Furthermore, business would proactively promote the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere, regardless of legality. Essentially, CSR is the deliberate inclusion of public interest into corporate decision-making, and the honoring of a triple bottom line: People, Planet, Profit.
Business best practices on getting things done in corporate social responsibility.
- Collaborate with competitors.
- Align CSR with your core competencies.
- Forge partnerships.
- Trust your partners.
- Pursue enlightened self interest.
- Choose a focus.
- Determine what you are for.
Read the rest from follow the CSR leaders.