what is the relationship of sustainability and corporate responsibility?
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Sustainability is responsibility for the impact that the organization exerts on its surroundings, in business, environmental and social terms. Conscious management of the impact translates into lower costs, improved external relations and better managed risks.
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Corporate social responsibility (CSR) refers to the self-imposed responsibility of companies to society in areas such as the environment, the economy, employee well-being, and competition ethics. ... Positive corporate social responsibility can also offer economic benefits.
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The concept of Corporate Social Responsibility (CSR) is generally understood to mean that corporations have a degree of responsibility not only for the economic consequences of their activities, but also for the social and environmental implications.
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Environmental Sustainability. Environmental sustainability is defined as responsible interaction with the environment to avoid depletion or degradation of natural resources and allow for long-term environmental quality.
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Corporate social responsibility (CSR) often refers to 'companies voluntarily going beyond what the law requires to achieve social and environmental objectives during the course of their daily business activities. ... Their corporate statutes expressly state that companies shall engage in CSR activities.
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Also known as corporate conscience or corporate citizenship, CSR describes initiatives run by a business to evaluate and take responsibility for their impact on a number of issues ranging from human rights to the environment.
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The purpose of corporate social responsibility is to give back to the community, take part in philanthropic causes, and provide positive social value. Businesses are increasingly turning to CSR to make a difference and build a positive brand around their company.
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Corporate Social Responsibility (CSR) is an organization's obligation to consider the interests of their customers, employees, shareholders, communities, and the ecology and to consider the social and environmental consequences of their business activities.
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Corporate Social Responsibility is defined as the voluntary commitment of businesses to include in their corporate practices economic, social, and environmental criteria and actions, which are above and beyond legislative requirements and related to a broader range of stakeholders—everyone influenced by their ...
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Supply-chain sustainability is a business issue affecting an organization's supply chain or logistics network in terms of environmental, risk, and waste costs. There is a growing need for integrating environmentally sound choices into supply-chain management.
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The sustainability officer is responsible for providing an ongoing evaluation of the company's profits, personnel, ecological outlook, and other factors that affect company performance. He or she reports directly to the Chief Executive Officer (CEO), or an executive management team.
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['Understanding the Elements of Corporate Social Responsibility. ... ', 'Ethical Actions. ... ', 'Legal Aspects. ... ', 'Economic Interests. ... ', 'Philanthropic Responsibilities.']
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A framework for understanding corporate social responsibility. Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. CSR is a concept with many definitions and practices.
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Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.
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Corporate social responsibility (CSR) is when companies integrate social and environmental concerns into their business operations and in their interaction with their stakeholders on a voluntary basis.
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The Corporate Social Responsibility (CSR) is the subject of permanent theoretical debates and the constant object of a company's business practices but also of some controversy. This makes it necessary to bring some valid arguments to support the growing role of CSR in the company' s efforts to achieve its objectives.
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Corporate social responsibility (CSR) is when companies integrate social and environmental concerns into their business operations and in their interaction with their stakeholders on a voluntary basis. Some reasons why firms are embracing CSR: Altruism – being a good citizen.