Is CSR and CR the same?

Corporate responsibility (CR), or corporate social responsibility (CSR) as it can also be termed, has a myriad of definitions, but primarily concerns the responsibility an organisation has for the impacts of its activity and decisions on its stakeholders, society and the environment, over and above its legal …

What do you understand by corporate social responsibility What is the difference between CSR and sustainability?

CSR tends to target opinion formers – politicians, pressure groups, media. Sustainability targets the whole value chain – from suppliers to operations to partners to end-consumers. CSR is becoming about compliance. Sustainability is about business.

What is the difference between Corporate Social Responsibility and sustainability?

Corporate social responsibility, often called simply CSR, refers to doing business in ways that benefit, rather than harm, society and the environment. Business sustainability refers to a company’s ability to survive into the future and to eventually outlive its current owners.

What is the purpose of corporate social responsibility?

Corporate social responsibility refers to a company’s policy of protecting consumers, employees, and the environment in addition to its own bottom line. This is an actual business model employed by many large and small companies around the world.

What are examples of corporate responsibility?

– Google. Google’s Corporate Social Responsibility is large and comprehensive, covering areas such as sustainability, education, to assisting research into deadly diseases. – Disney. Disney is consistently among the highest ranked companies in relation to their CSR activities. – Microsoft. – Lego.

Why is corporate social responsibility matters?

Reduced Operating Costs

Lower Emissions and Reduced Carbon Footprint

Increased Brand Recognition

Increased Customer and Employee Loyalty

Attract New Employees

Increased Profit/Revenue