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What is corporate social responsibility? Give example about CSR in today’s business

* Corporate social responsibility (CSR) is the process by which businesses negotiate their role in society * In the business world, ethics is the study of morally appropriate behaviors and decisions, examining what "should be done” * Although the two are linked in most firms, CSR activities are no guarantee of ethical behavior

History

* CSR is a form of corporate self regulation turns into business models * Also called corporate conscience, citizenship, social performance, sustainable responsible business * Came into used late 1960s and early 1970s * ISO 26000 recognize CSR standards

Bodies that governs CSR through out the world

World Business Council for Sustainable Development
-Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large

Business For Social Responisbilities
Operating a business in a manner that meets or exceeds the ethical, legal, commercial and public expectations that society has of business

The European Commision
A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis

The ASEAN CSR Networks
CSR is about how businesses align their values and behavior with the expectations and needs of stakeholders - not just customers and investors, but also employees, suppliers, communities, regulators, special interest groups and society as a whole. It describes a company's commitment to be accountable to its stakeholders

The CSR Pyramid Philanthropic Responsibilities

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