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  • Essay / Importance of Corporate Social Responsibility - 1262

    Corporate social responsibility is a form of corporate self-regulation integrated into a business model. CSR policy functions as an integrated self-regulatory mechanism through which a company monitors and ensures its active compliance with the spirit of the law, ethical norms and international standards. In some models, a company's implementation of CSR goes beyond compliance and engages in "actions that appear to promote some social good, beyond the interests of the company and what is required by law. CSR is a process of taking responsibility for corporate actions and encouraging positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who can also be considered stakeholders. The term "corporate social responsibility" became popular in the 1960s and has remained a term used indiscriminately by many to refer to legal and moral responsibility interpreted more narrowly. to its consumers. Developmental business ethics is one of the forms of applied ethics that examines ethical principles and moral or ethical issues that may arise in a business environment. The recognized international standard for CSR such as the United Nations is adhered to. triple bottom line It is widely accepted that CSR adheres to similar principles, but without formal legislation. The UN developed the Principles for Responsible Investment as guidelines for investing entities. CSR initiatives taken by companies in different areas of society. Nowadays, CSR is becoming very famous among consumers and organizations are becoming more and more active towards CSR. Which product to buy, when to buy, how much to spend on each purchase, all these purchasing decisions depend on many factors that affect the purchasing decision of consumers. Promoting CSR initiatives plays an important role in obtaining consumer input and creating awareness and informing consumers about CSR initiatives. Additionally, an area of ​​concern for companies is that although people love their products and buy them, most of the respondents do not even know that the parent company of these products contributes to society through CSR initiatives , companies must therefore try to increase its visibility in the eyes of consumers.