Knowra Corporate social responsibility Corporate social responsibility Corporate social responsibility is a company’s approach to considering and managing its social and environmental effects alongside its economic activity.
Stakeholder theory : A theory that companies should account for the interests of parties affected by their decisions, not only shareholders. It explains why CSR considers employees, communities, suppliers, and customers alongside investors.
Environmental, social, and governance : A framework of environmental, social, and governance factors used to assess organizations, especially in investment decisions. ESG metrics often translate CSR-related concerns into indicators investors can compare.
Howard Bowen : An American economist whose 1953 book helped establish the modern study of business responsibilities to society. His work gave an early systematic account of business responsibilities beyond profit.
Corporate social irresponsibility : Corporate conduct that causes or enables harm to people, communities, or the environment. It captures harmful conduct that CSR policies may fail to prevent or remedy.
Greenwashing : The use of misleading claims or impressions to make an organization seem more environmentally responsible than it is. CSR claims can become greenwashing when public messaging outruns actual performance.
Triple bottom line : A framework that evaluates organizational performance through social, environmental, and economic outcomes. It expresses CSR’s broader conception of corporate performance in three dimensions.
Global Reporting Initiative : An independent organization that develops widely used standards for sustainability reporting. Its standards guide companies disclosing social and environmental impacts.
Corporate philanthropy : The voluntary donation of money, goods, or services by a company to charitable or public causes. Corporate giving is an older practice that helped shape, but does not exhaust, CSR.
Corporate governance : The systems and processes through which a company is directed, controlled, and held accountable. Governance determines who oversees CSR decisions and how they are enforced.
Social license to operate : The informal acceptance of an organization’s activities by affected communities and other stakeholders. CSR can help build legitimacy, though it cannot guarantee public acceptance.
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