What is corporate social responsibility?
Corporate social responsibility aims to ensure that companies conduct their business in a way that is ethical. This means taking account of their social, economic and environmental impact, and consideration of human rights.
It can involve a range of activities such as:
Working in partnership with local communities
Socially responsible investment (SRI)
Developing relationships with employees and customers
Environmental protection and sustainability
Some businesses have as their main purpose the fulfilment of social or environmental goals, as opposed to a business that tries to achieve its financial goals while minimising any negative impact on society or the environment. These businesses are called Social Enterprises.