Eureka! Institutional Repository

•Is a form of corporate self-regulation integrated into a business model. •Corporate Social Responsibility is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. •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. •CSR is about capacity building for sustainable livelihoods. It respects cultural differences and finds the business opportunities in building the skills of employees, the community and the Government. Also known as: Corporate Conscience Corporate Citizenship Responsible Business Sustainable Responsible Business Today’s consumers hold companies to a higher standard. They are looking for more than just material products or quality services when choosing a company to work with: 9 in 10 consumers expect companies to not only make a profit, but also operate responsibly to address social and environmental issues. Recognizing how important social responsibility is to their customers, many companies now focus on and practice a few abroad categories of corporate social responsibility. ➢88% of consumers said they were more likely to buy from a company that supports and engages in activities to improve society.