Basics CSR Elements

Basics CSR Elements

  • There is a specific role and responsibility of the companies and business owners towards their communities; not just their bottom line
  • CSR is not charity although this does not preclude business from undertaking charitable acts or engaging in philanthropy
  • Enterprises voluntarily adopt socially responsible conduct by going beyond their legal obligations to workers, communities and society more broadly;
  • Core business: It is integral part of the company and CSR interventions should ensure alignment with a company’s core business or mission
  • CSR actions are systematic not occasional; they are strategic and long-term as is the business itself
  • There is a strong link with the concept of national sustainable development
  • CSR does not mean that business replaces government in promoting sustainable development, but rather it is a partnership with government and civil society
  • Business ethics, based on human rights is integral element to understanding CSR.

 

 

 

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