corporate social responsibility

English

Noun

corporate social responsibility (uncountable)

1. (business, economics) A form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature.

   Synonym: CSR

   • 2012 April 12, Megan McArdle, “Should Corporations Be Do-Gooders?”, in The Atlantic‎^[1]:

     Far too often, those defending or advocating for corporate social responsibility are interested in diminishing the status of capitalism, profit seeking, self-interest, and/or neoclassical economics. But I think one can embrace corporate social responsibility without this baggage.

   • 2015 February 19, Joe Pinsker, “Why Walmart Raised Its Wages”, in The Atlantic‎^[2]:

     The company's move isn't an act of corporate social responsibility—it’s a response to labor economics that others may soon follow.

   • 2022 March 11, David Hytner, “Chelsea are in crisis but there is no will to leave club on their knees”, in The Guardian‎^[3]:

     There are normally anti-embarrassment clauses in such arrangements and, from a corporate social responsibility point of view, the upside of standing by a tarnished individual is often outweighed by the downside.

See also

• ESG