Corporate Social Responsibility and Sustainability
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Management Accountant; 52(6) June 2017Summary: Corporate Social Responsibility (CSR) is essentially a concept whereby companies integrate social and environmental concerns in their business operations and in the interaction with their stakeholders. Through their commitment to CSR, companies send a positive signal of their behaviour to their various stakeholders, viz. shareholders, employees, investors, creditors, suppliers, customers, regulators, government and the society at large. If a corporate house is expected to provide good governance to its stakeholders and society at large, it is because it enjoys so much facility from the society in terms of developed infrastructure, trained workforce, peaceful environment, law and order etc.
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Corporate Social Responsibility (CSR) is essentially a concept whereby companies integrate social and environmental concerns in their business operations and in the interaction with their stakeholders. Through their commitment to CSR, companies send a positive signal of their behaviour to their various stakeholders, viz. shareholders, employees, investors, creditors, suppliers, customers, regulators, government and the society at large. If a corporate house is expected to provide good governance to its stakeholders and society at large, it is because it enjoys so much facility from the society in terms of developed infrastructure, trained workforce, peaceful environment, law and order etc.
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