A definition by the World Business Council for Sustainable Development states that, “Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large.”
Companies have an impact on people, the environment and other businesses. Their investors and stakeholders expect companies to contribute to the communities they work in and minimise any negative impact of their activities. Your CR communications let investors and stakeholders know how you are acting (to minimise climate change, for example) while looking after the interests of your shareholders, employees and customers.
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