what is legal corporate social responsibility?
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Corporate social responsibility (CSR) is a form of soft law. It is not required by U.S. statute or regulations, i.e., “hard law,” but is nonetheless seen as obligatory by most corporations because of consumer expectations and internal norms.
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A CSR report (or corporate social responsibility report) is a periodical (usually annual) report published by companies to report their corporate social responsibility actions and results.
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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 (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.
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In health care, corporate social responsibility means that there is an ethical obligation that requires hospitals and other organizations to do something beneficial in issues such as delivering quality health care to everyone who is entitled to it.
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The European Commission defines corporate social responsibility as "a. concept whereby companies integrate social and environmental concerns in their business ope- rations and in their interaction with their stakeholders on a voluntary basis" (Commission of the.
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The four components of corporate social responsibility are economic, legal, ethical and discretionary.
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Social responsibility means that individuals and companies have a duty to act in the best interests of their environment and society as a whole. Social responsibility, as it applies to business, is known as corporate social responsibility (CSR).
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Social responsibility means that businesses, in addition to maximizing shareholder value, should act in a manner that benefits society. ... Socially responsible companies should adopt policies that promote the well-being of society and the environment while lessening negative impacts on them.
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Corporate social responsibility is defined as a business system that enables the production and distribution of wealth for the betterment of its stakeholders through the implementation and integration of ethical systems and sustainable management practices.
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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) 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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Corporate social responsibility as a specific theory affirms that corporations are entities with economic, legal, ethical, and philanthropic obligations. Corporations responsible for a triple bottom line seek sustainability in the economic, social, and environmental realms.
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There are four kinds of social responsibility: legal, ethical, economic and philanthropic. Legal dimension of CSR relates to compliance with laws and regulations established by the authorities, which set standards for responsible behavior – the codification of what society thinks is right or wrong.
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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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The concept of Corporate Social Responsibility (CSR) emerged from the sense of responsibility and can be defined as the ethical Behavior of a company towards society. It is a concept which suggests that Commercial Corporation must fulfill their duty of providing care to the society.
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Corporate social responsibility (CSR) is a new idea, one in which the corporate sector incorporates social and environmental concerns in its strategies and plays a more responsible role in the world. ... If properly understood and executed, CSR is a win-win strategy that benefits the company, as well as society.