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
woman looking at documents
ESG / CSR
Legislation & Standards
1 min

What is EMAS (Eco-Management and Audit Scheme)?

1 min
Level

In this article, we’ll break down what EMAS is all about, why it matters, and how your organisation can successfully register, implement, and get real value from the scheme.

EU flags blowing
ESG / CSR
CSRD
1 min

What is the Non-Financial Reporting Directive (NFRD)?

1 min
Level

In this article, we’ll explain what the NFRD set out to achieve, how the CSRD is transforming sustainability reporting in the EU, and what the transition means for your business today.

Join more than 800 companies committed to climate change

Ask for a demo