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corporate social responsibility


 
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TERM OF THE DAY

corporate social responsibility

A company's sense of responsibility towards the community and environment(both ecological and social) in which it operatesCompanies express thiscitizenship (1) through their waste and pollution reduction processes, (2) by contributing educational and social programs, and (3) by earning adequatereturns on the employed resources. See also corporate citizenship.
Learn more about this term
Usage Example
Many organizations have learned that corporate social responsibility not only benefits their surrounding community but it can also be good for business by helping the company grow and addressing shareholder concerns.
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TRIVIA OF THE DAY
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