What is corporate social responsibility (CSR)? - Definition from Whatis.com

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corporate social responsibility (CSR)

Definition

corporate social responsibility (CSR)

Corporate social responsibility is an umbrella term used to describe voluntary corporate initiatives concerned with community development, the environment and human rights.

CSR policies and programs seek to benefit society while simultaneously improving a corporation’s public image and profitability. The term is often criticized for simply being a public relations buzzword.

See also: supply chain sustainability, ROI

Related glossary terms: IFRS (International Financial Reporting Standards), Volcker rule, XBRL (Extensible Business Reporting Language), PCI compliance (payment card industry compliance)

This was last updated in May 2011

Editorial Director: Margaret Rouse

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