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
cloudy nyc skyline
Ecology
Global Warming
10 min

What is the Air Quality Index?

10 min
Level

What is the air quality index, how does it work, why is it important in today’s society as climate change progresses, and how can air quality index be improved?

people meeting and talking
ESG / CSR
ESG Initiatives
13 min

The 2024 Review of Greenly's Scientific Council

13 min
Level

In this article, we'll explore the insights from the Greenly Scientific Council's Annual Review on carbon accounting, sustainability, and ESG strategies, highlighting the evolving trends and practices in sustainable business.

wind turbine
ESG / CSR
Offset
10 min

Top 5 Carbon Offset Projects

10 min
Level

What are carbon offsets? How do they contribute to the fight against climate change? And should your company be investing in them?

Join more than 800 companies committed to climate change

Ask for a demo