CSR (Corporate Social Responsibility) - A Journey from Shareholder to Stakeholder

Part 1. What is CSR ?

Exercising Corporate Social Responsibility (CSR) means to strive for balance between the Environmental, Social, and Economic performance of your business.

World Business Council for Sustainable Development (WBCSD)'s definition of CSR:
“Corporate social responsibility is the commitment of business to contribute to sustainable economic development, working with employees, their families, the local community and society at large to improve their quality of life.”

Corporate Social Responsibility (CSR) can be understood as a company's strategy on how to work towards sustainable development.

In brief:
• CSR involves increased efforts to align corporate goals with those of society
• CSR implies profitability being judged by a longer time frame

Will be continued....