Manufacturers

 

CORPORATE SOCIAL RESPONSIBILITY

 

Definition of Corporate Social Responsibility

 

Businesses have a responsibility towards these groups and the people they can influence, ie the stakeholders and society in general. Stakeholders are usually defined as customers, suppliers, employees, communities and shareholders or other donors.

Responsibility for society in general can be identical to responsibility for its various communities. Many have suggested that companies have a particular "social responsibility" beyond their business purpose. In any case, corporate responsibility consists in obtaining a license, creating value for stakeholders, including shareholders and society.

Corporate responsibility includes observing ethical principles and behaviors such as sincerity, integrity and respect for others. By voluntarily accepting responsibility for its actions, companies earn their license in society.

 

Example

Companies are licensed to create products and services valued by their clients, creating jobs for employees they treat in a fair and lawful manner and complying with other applicable laws.

In a case where a company's products are discovered to be harmful to customers or when their products or operations are considered harmful to the general public, a company's 


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