Corporate Social Responsibility

Corporate social responsibility (CSR) is a term used to refer to the business activities of corporations to make profits responsibly. For many such organizations, CSR is limited to achieving compliance with the laws and regulations of the country and the local communities in which they have legal establishment. Such laws and regulations generally exist to govern business activities in terms of their financial, employment, occupational health and safety, and environmental impact. However, today’s business environment is global in nature. Goods and services marketed and sold in Western countries such as the United States and Europe are increasingly procured from or manufactured in countries in Asia, Latin America, and Africa. Therefore, for some corporations, the term CSR is defined as going above and beyond compliance with ...