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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