“Responsible businesses go
beyond what is required by law to make a positive impact on society and the
environment through their management, operations and products and through their
engagement with stakeholders including employees, customers, investors,
communities and suppliers”.
At the centre of this definition are three key themes:
1. CSR involves voluntary initiatives by enterprises which go beyond
simple compliance with the law;
2. CSR involves the whole business process rather than simply focussing
on corporate philanthropy or charity and;
3. CSR involves a close understanding of and involvement with
appropriate stakeholders.
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