corporate social responsibility

  

Definition

A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction processes, (2) by contributing educational and social programs, and (3) by earning adequate returns on the employed resources. See also corporate citizenship.

Use this term in a sentence

  • Although most companies, nowadays practice some form of Corporate Social Responsibility, some companies like Ben and Jerry's have made it their primary focus.

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  • The paper mill demonstrated corporate social responsibility by promising the community it would reduce waste by 10% over the next three years.

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  • Many companies adhere to a sense of corporate social responsibility by being environmentally friendly or by giving their employees good health and financial benefits.

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