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Concept of CSR(Corporate
Social Responsibility )
CSR can be defined as the ‘ethical behavior of a
company towards society’.
Corporate Social Responsibility is the continuing
commitment by business to behave ethically
and contribute to economic development while
improving the quality of lien of the workforce
and their families as well as of the local
community and society at large
-The World Business
Council for Sustainable Development
Driving forces of CSR
Growing Ecological Brands The free flow
affulence sustainability of Globalization
information
Growing affluence
CSR becomes more relevant as economies grow and
stabilize.
The greatest attention to CSR is found in developed
countries.
Stable work and security provide the luxury of choice
and socially responsible activism.
No such luxury exists when basic needs are in
question.
Ecological Sustainability
The most obvious and most talked about of the
drivers, concerns over pollution, waste, natural
resource depletion, climate change and the like
continue to fuel the CSR discussion and heighten
expectations for proactive corporate action.
After all, it is in the best interest of firms to protect
for the sustainable future the long-term availability
of the resources on which they depend.
Brands
Brands are today the focal point of corporate
success.
In other words, reputation is key and honest CSR is
a way to protect that reputation and therefore the
brand.
By involving themselves in corporate social
responsibilities companies get the positive wind from
the consumers.
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