What is CSR?

Corporate Social Responsibility is a company’s recognition of its impact on society, natural environment, and economy (Langton, Robbins, & Judge, 2013, p. 455). In order to achieve a high standard in being social responsible, companies have been following what is called a triple bottom line. The triple bottom line englobes people, both inside and outside the company; planet, as a nature and its features; and profit, as being already part of a company’s activities. The idea behind being social responsible and having a determined triple bottom line is that for each action taken in the company, there will be a reaction, either inside or outside the company – or both. To deal with this reaction, corporations and small businesses need to address possible issues created by their activities or adapt certain routines. These changes occur by following the bottom line that has been established with the CSR.

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