Defining The Meaning Of Corporate Social Responsibility

2.0 Discussion 2.1 Defining the meaning of Corporate Social Responsibility Till now, there is no concrete definition of CSR in international level, as it is difficult to identify the boundaries of CSR. Therefore, there are several definitions to describe what the CSR policy is. However, it is noted [1] that CSR meaning is different from countries to other countries and depends upon a range of factors including culture, religion, and governmental or legislative conditions. For instance, the practise of CSR in South Africa focused on matters of racial inequality due to the historic event of Apartheid, while the practise of CSR in Argentina is determined in accordance with the impact of economical crisis in December 2001. W. Visser claimed [2] that, CSR is the formal and informal ways in which business makes a contribution to improving the governance, social, ethical, labour and environmental conditions of the developing countries in which they operate, while remaining sensitive to prevailing religious, historical and cultural contexts . ’ European Commission defines[3] that CSR is , A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis. The World Business Council for Sustainable Development (WBCSD)[4]: Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development whileShow MoreRelatedCorporate Social Responsibility And Its Effects On Consumers And Brand Equity1107 Words   |  5 Pages1: Introduction: Corporate social responsibility is an ambiguous topic to say the least. 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