What is the meaning of corporate responsibility?

Corporate responsibility (CR) is about the impact an organisation makes on society, the environment and the economy. Having an effective CR programme contributes positively to all stakeholders as well as adding value for the organisation itself, and ensures it operates in a sustainable way.

What is the meaning of corporately?

adj. 1. Formed into a corporation; incorporated: the corporate companies of industrial America. 2. Of or relating to a corporation: corporate assets; corporate culture.

What is corporate social responsibility dictionary?

(abbreviation CSR) the idea that a company should be interested in and willing to help society and the environment as well as be concerned about the products and profits it makes: The company’s vice president for corporate social responsibility said that last year they reduced their energy use by 4%.

What is another word for corporately?

What is another word for corporate?

collective shared
communal pooled
amalgamated concerted
merged business
company cooperative

What is the meaning of Coprate?

2 : of, relating to, or formed into a unified body of individuals Human law arises by the corporate action of a people …— George H. Sabine. 3 : corporative sense 2.

What are the 3 elements of social responsibility?

The four components of social responsibility are ethical, legal, economic and philanthropic.

  • Understanding the Elements of Corporate Social Responsibility.
  • Ethical Actions.
  • Legal Aspects.
  • Economic Interests.
  • Philanthropic Responsibilities.

What is the main purpose of CSR?

The purpose of corporate social responsibility is to give back to the community, take part in philanthropic causes, and provide positive social value. Businesses are increasingly turning to CSR to make a difference and build a positive brand around their company.

What are examples of social responsibility?

Working for the community, such as volunteering, giving blood donations, and working at a food bank or animal shelter. Supporting issues that affect society, such as advocating political or social issues that can help others—for example, advocating for child labor laws, purchasing fair trade products, recycling.

What does corporately mean in Webster’s Dictionary?

Webster Dictionary(0.00 / 0 votes)Rate this definition: Corporately(adverb) in a corporate capacity; acting as a corporate body Corporately(adverb) in, or as regarda, the body

What do you mean by corporate social responsibility?

Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. By practicing corporate social responsibility, also called corporate citizenship, companies can be conscious of the kind of impact they are having on all aspects of society,

What is the legal definition of ” responsible “?

Legal Definition of responsible. 1a : liable to be called on to answer. b : liable to be called to account as the primary cause, motive, or agent. c : liable to legal review or in case of fault to penalties. 2 : characterized by trustworthiness, integrity, and requisite abilities and resources awarded the contract to the lowest responsible bidder.

Which is the best definition of a corporation?

1. Formed into a corporation; incorporated: the corporate companies of industrial America. 2. Of or relating to a corporation: corporate assets; corporate culture. 3. United or combined into one body; collective: made a corporate effort to finish the job. 4. Of or relating to a corporative government or political system.