What Does Corporate Responsibility Mean
What Does Corporate Social Responsibility Mean?
Corporate initiative to assess and take responsibility for the company 's effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups.
Corporate social responsibility may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.
Read more: http://www.investopedia.com/terms/c/corp-social-responsibility.asp#ixzz1czJWBme6
Companies have a lot of power in the community and in the national economy. They control a lot of assets, and may have billions in cash at their disposal for socially conscious investments and programs. Some companies may engage in "greenwashing", or feigning interest in corporate responsibility, but many large corporations are devoting real time and money to environmental sustainability programs, alternative energy/cleantech, and various social welfare initiatives to benefit employees, customers, and the community at large.
Read more: http://www.investopedia.com/terms/c/corp-social-responsibility.asp#ixzz1czJcrBfr
What Does Social Responsibility Mean?
The principle that companies should contribute to the welfare of society and not be solely devoted to maximizing profits.
Investopedia explains Social Responsibility
Socially responsible companies can act in a number of ways to benefit society. For example, companies can give money to the arts, fund academic scholarships, support community-building initiatives, and so on. They can also commit to not pollute or to reduce the pollution they put out, to not build weapons, and so forth.
Read more: http://www.investopedia.com/terms/s/socialresponsibility.asp#ixzz1czJs768v
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Corporate social responsibility – emphasizes obligation and
Corporate initiative to assess and take responsibility for the company 's effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups.
Corporate social responsibility may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.
Read more: http://www.investopedia.com/terms/c/corp-social-responsibility.asp#ixzz1czJWBme6
Companies have a lot of power in the community and in the national economy. They control a lot of assets, and may have billions in cash at their disposal for socially conscious investments and programs. Some companies may engage in "greenwashing", or feigning interest in corporate responsibility, but many large corporations are devoting real time and money to environmental sustainability programs, alternative energy/cleantech, and various social welfare initiatives to benefit employees, customers, and the community at large.
Read more: http://www.investopedia.com/terms/c/corp-social-responsibility.asp#ixzz1czJcrBfr
What Does Social Responsibility Mean?
The principle that companies should contribute to the welfare of society and not be solely devoted to maximizing profits.
Investopedia explains Social Responsibility
Socially responsible companies can act in a number of ways to benefit society. For example, companies can give money to the arts, fund academic scholarships, support community-building initiatives, and so on. They can also commit to not pollute or to reduce the pollution they put out, to not build weapons, and so forth.
Read more: http://www.investopedia.com/terms/s/socialresponsibility.asp#ixzz1czJs768v
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Corporate social responsibility – emphasizes obligation and