What does CSR mean?

The term corporate social responsibility (CSR) refers to practices and regulations taken up by companies and organizations intended to take ownership of having a positive impact on the world. It is a concept in corporate management that integrates social and environmental commitments throughout a business’s strategy. 

Why do companies engage in CSR? 

Corporate social responsibility (CSR) is an international framework for the self-regulation of private business, with the aim of contributing to societal goals by engaging in or supporting volunteering or ethically oriented practices. What was originally an internal private business strategy has now become part of a foundation for international business legislation and regulation to ensure ethical compliance. Businesses may engage in CSR policies for strategic purposes such as improving brand imaging, or for ethical purposes as well. 

What is the difference between CSR and ESG? 

CSR can be easily confused with ESG (Environmental Social Governance), but they differ in the fact that ESG is the measurable assessment or a set of criteria for assessing a company’s CSR. 

More articles

View all
laptop with long leaf branch
ESG / CSR
ESG Initiatives
1 min

What is Carbon Management?

1 min
Level

Carbon management strategically reduces the CO2 emissions of a business’s carbon footprint. Find out how businesses are adopting carbon management strategies.

European Union flag and bound documents
ESG / CSR
Legislation & Standards
1 min

Our guide to the EU Omnibus Regulation

1 min
Level

In this guide, we break down what we know so far about the EU Omnibus Regulation, its expected impact, and the key points businesses should be aware of as they prepare for potential regulatory changes.

4c4f371d 00f2 4388 be11 1282879a6016 Img
8a07ceb4 5a04 4eef 95f5 614d4425e54e Sticker+5

Join more than 800 companies committed to climate change

Ask for a demo