What is CSR? - CSR Definition

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What is CSR?

Our Starting-Point: What is CSR?

“Responsible businesses go beyond what is required by law to make a positive impact on society and the environment through their management, operations and products and through their engagement with stakeholders including employees, customers, investors, communities and suppliers”

At the centre of this definition are three key themes (1) CSR involves voluntary initiatives by enterprises which go beyond simple compliance with the law; (2) CSR involves the whole business process rather than simply focussing on corporate philanthropy or charity and; (3) CSR involves a close understanding of and involvement with appropriate stakeholders.

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Newsflash

Conferences: Where responsibility meets bottom line

WITH Malaysia emerging as a regional leader in corporate social responsibility (CSR), it seems only right that it hosts an international conference on the issue.

"Malaysia is one of the leading countries in CSR, certainly among developing countries and in Southeast Asia," says OWW consulting managing director Dr Geoffrey Williams, "because CSR is part of the National Integrity Plan and the government-linked companies transformation programme."

Read the full article in The New Straits Times .