Corporate social responsibilityCorporate Social Responsibility (CSR) covers the voluntary actions that a business can take to be accountable to all stakeholders in all its operations and activities with the aim of achieving sustainable development not only in the economic dimension but also in the social and environmental dimensions.A company’s stakeholders are all those who are influenced by and can influence a company’s decisions and actions, locally or globally. Business stakeholders include (but are not limited to): employees, customers, suppliers, community organisations, subsidiaries and affiliates, joint-venture partners, local neighbourhoods, investors, shareholders (or a sole owner), and the environment. The diverse issues covered by CSR include: child labour, working hours and conditions, human rights, ethical investment, environmental impacts and fair trade. An organisations corporate social responsibility work often includes environmental initiatives. CSR is a way for organisations to use some of their profits to give back. |
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United Nations Global CompactThe Global Compact was initiated by the Secretary-General of the United Nations, Kofi Annan, as a challenge to business leaders to support universal environmental and social principles. This challenge has been extended to film makers and broadcasters through the World Summit on the Information Society. The Global Compact seeks to promote responsible corporate citizenship so that businesses can be part of the solution to the challenges of globalisation. In this way, the private sector – in partnership with other social actors – can help realise the Secretary-General’s vision: a more sustainable and inclusive global economy. The Global Compact is a voluntary initiative that aims to mainstream the ten principles in business activities around the world and catalyse actions in support of UN goals.Human rights |
EnvironmentAnti-corruption The ten principles are derived from: |