| Corporate social responsibility is no longer a buzzword, | | | | in their standards. As a company, you have to |
| but a permanent concept in the business world. | | | | consider how much you're willing to pollute the |
| This (CSR) has been defined differently by many | | | | environment, in order to secure a profit. What is the |
| different organizations. For example: | | | | balance? You have to answer that to determine your |
| 1. Your commitment as a company to operate | | | | own social responsibility. |
| economically, socially and environmentally conscious | | | | Most people approach corporate social responsibility, |
| while balancing the interests of your stockholders. | | | | as it relates to developing community projects, or |
| 2. How you manage the processes in your business to | | | | aligning with beneficial causes. For example, there are |
| impact society positively. | | | | many different businesses who align themselves with |
| 3. The different types of activities you engage in and | | | | breast cancer awareness, to increase the awareness |
| resources you use to increase your profits without | | | | and to help secure funds for research. In this instance, |
| excessive use of deception or fraud. | | | | they are using their good standing in the community, as |
| 4. A process of integrating social and environmental | | | | well as their high traffic areas to exercise good social |
| concerns into the operation of your business, while | | | | and ethical behavior. |
| seeking a profit. | | | | In fact, there are many different standards that a |
| No matter the definition you choose, Corporate Social | | | | business can comply to, if they want to start enforcing |
| Responsibility is all about taking into consideration the | | | | more social responsibility within the corporation. For |
| interest of society, environment, shareholders, | | | | example, there is Global Reporting Initiative's |
| employees and all other types of social relationships. | | | | Sustainability Reporting Guidelines, social accountability |
| This is more than just about staying within the law, as | | | | international SA8000 standard, and Verite's Monitoring |
| far as your obligations are concerned. It is above and | | | | Guidelines. |
| beyond that. | | | | In conclusion, I have given you some information on |
| For example, there are certain emission laws, as they | | | | what corporate social responsibility is, and how it |
| relate to pollution, to protect the environment. However, | | | | affects the business world. Use this to determine your |
| many people argue that these laws are ridiculously low | | | | own social responsibility within your corporation. |