Corporate Social Responsibility
Corporate Social Responsibility - (noun)
The European Commission defines CSR as ‘the responsibility of enterprises for their impacts on society’. The Commission further states that CSR ‘refers to companies voluntarily going beyond what the law requires to achieve social and environmental objectives during the course of their daily business activities.’
Source: Adapted from EurWork
Example of Use: Employees and customers are increasingly discriminating in favour of businesses that prioritise corporate social responsibility.