Rafa Hacker: All We Need to Know about CSR in Today’s World

Considerations about Corporate Social Responsibility have to be reminded over and over again even in today’s society, which seems to know little about it. Companies, brands and institutions around the world are working hard to show their commitment and responsibility with the people and the environment, but the efforts are still insufficient for our world’s needs. Today, we are giving our contribution to the information chain that must be implemented in the discussions of the performance of every individual in our societies. See more about CSR bellow.

Definitions about CSR

Corporate social responsibility can be defined as the economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time.  The concept of corporate social responsibility means that organizations have moral, ethical, and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply with the law.

Rafa Hacker: All We Need to Know about CSR in Today's World

Rafa Hacker: Following the way of CSR

Business Ethics and CSR. Corporate Social Responsibility is related to, but not identical with, business ethics. While CSR encompasses the economic, legal, ethical, and discretionary responsibilities of organizations, business ethics usually focuses on the moral judgments and behavior of individuals and groups within organizations. Thus, the study of business ethics may be regarded as a component of the larger study of corporate social responsibility.

A little bit of history

The nature and scope of corporate social responsibility has changed over time. The concept of CSR is relatively new – the phrase has only been in wide use since the 1960s. But, while the economic, legal, ethical, and discretionary expectations placed on organizations may differ, it is probably accurate to say that all societies at all points in time have had some degree of expectation that organizations would act responsibly, by some definition.

In the 1960s and 1970s the civil rights movement, consumerism, and environmentalism affected society’s expectations of business. Based on the general idea that those with great power have great responsibility, many called for the business world to be more proactive in ceasing to cause societal problems and starting to participate in solving the societies’ problems. Many legal measures were placed on business related to equal employment opportunity, product safety, worker safety, and the environment.

Rafa Hacker: All We Need to Know about CSR in Today's World

Rafa Hacker: The important role of CSR

Also, society began to expect business to voluntarily participate in solving societal problems whether they had caused the problems or not. This was based on the view that corporations should go beyond their economic and legal responsibilities and accept responsibilities related to the betterment of society. This view of corporate social responsibility is the most popular and prevailing view in much of the world today.

By [Rafa Hacker].