McCombs School of Business

Corporate Social Responsibility

Corporate Social Responsibility involves going beyond minimum requirements to protect the environment and benefit society generally.

Corporate Social Responsibility, or “CSR,” refers to the need for businesses to be good corporate citizens. CSR involves going beyond the law’s requirements in protecting the environment and contributing to social welfare. It is widely accepted as an obligation of modern business.

CSR goes beyond earning money for shareholders. It’s concerned with protecting the interests of all stakeholders, such as employees, customers, suppliers, and the communities in which businesses operate. Examples of CSR include adopting humane employee practices, caring for the environment, and engaging in philanthropic endeavors.

Some people contend that companies owe no duty to society outside making as much money as possible within the law. But those who support Corporate Social Responsibility believe that companies should pursue a deeper purpose beyond simply maximizing profits.

Sustainability

Sustainability

Sustainability is living to meet the needs of the present generation without depleting the resources that future generations will need to meet their needs.