What is corporate social responsibility and what is corporate social responsibility

Although the formal definition of corporate social responsibility (CSR) has been discussed many times in domestic and foreign forums, there is still no consensus. At present, the CSR concept is generally recognized internationally: while creating profits and being responsible for the interests of shareholders, enterprises should also assume social responsibilities to employees, society and the environment, including compliance with business ethics, production safety, occupational health, protection of the legitimate rights and interests of workers, and resource conservation.

The World Bank defines CSR as a collection of policies and practices related to a company's relationships with key stakeholders, values, compliance, and respect for people, communities, and the environment. It is a commitment by a business to contribute to sustainable development to improve the quality of life of its stakeholders.

In addition, there is a view that the so-called "corporate social responsibility" means that under the market economy system, in addition to pursuing profits for shareholders, the responsibility of a company should also consider the interests of stakeholders, that is, the interests of all parties that influence and influence the behavior of the company. Among them, employee interests are the most direct and main content of corporate social responsibility.

Although there is no single definition of CSR, there are essentially three important things that companies pursuing this approach need to do:

First, the company recognizes that its business activities will have a significant impact on the society in which it operates; Social development also affects a company's ability to pursue corporate success;

Second, in response, the company actively manages the economic, social, and environmental impacts of its operations worldwide, not only to bring benefits to the company's business operations and corporate reputation, but also to the social groups in the regions where the company is located;

Thirdly, the company achieves these interests by working closely with other groups and organizations, local groups, society and the ** sector.

Corporate social responsibility refers to the obligation of an enterprise to safeguard and promote social interests in addition to seeking to maximize the rights and interests of owners or shareholders. No company can afford to bear the increased costs of social responsibility alone for a long time. Enterprises need to assume certain social responsibilities while creating value, but they cannot overemphasize this social responsibility, otherwise it will lead to a decrease in corporate value and improper use of social funds.

What are the 10 principles of corporate social responsibility.

1. Enterprises should support and respect the declaration on the protection of human rights to the international community within the scope of their influence;

2. Do not favor human rights violations and labor;

3. Effectively guarantee the freedom to form trade unions and the right to negotiate with groups;

4. Eliminate any form of forced labor;

5. Abolish child labor effectively and effectively;

6. Eliminate discrimination in employment and occupation;

7. Enterprises should take precautions to deal with environmental protection issues;

8. Take the initiative to assume the responsibility of environmental protection;

9. Promote the development and popularization of environmental protection technology;

10. Actively take measures to oppose any form of corruption such as forcible and bribery.

Legal basisArticle 5 of the Company Law of the People's Republic of China.

Company obligations and protection of rights and interests] The company must comply with laws and administrative regulations, abide by social morality and business ethics, be honest and trustworthy, accept the supervision of the public and assume social responsibility.

The legitimate rights and interests of the company are protected by law and are not infringed.

The social responsibility of enterprises is as follows: 1. As the basic unit of social economy, enterprises should become the corresponding social responsibility subjects. Enterprises are the economic subjects specializing in production and services in the modern social division of labor system, and undertake the basic functions of social reproduction such as production and circulation, and must provide qualified products and services according to social needs.

2. The externality of enterprise development determines that the enterprise must assume the corresponding social responsibility.

Corporate Social Responsibility (CSR) refers to the responsibility of a company to employees, consumers, communities and the environment while generating profits and assuming legal responsibilities to shareholders. Corporate social responsibility requires enterprises to go beyond the traditional concept of profit as the only goal, emphasizing the need to pay more attention to the value of people in the production process, and emphasize the contribution to consumers, the environment and society.

The innate responsibility of a business is to create profits for the owner, i.e., economic responsibility. Corporate social responsibility refers to the fact that while creating profits and assuming legal responsibilities to shareholders, enterprises should also assume responsibilities to employees, consumers, communities and the environment. Social responsibility and economic responsibility together constitute a new development concept for enterprise growth in the context of globalization.

In the short term, the relationship between CSR and economic performance is neutral; However, in the long run, there is a positive correlation between corporate social responsibility and economic performance. That is, high-profit enterprises have a stronger incentive to assume social responsibility; On the other hand, companies that regularly participate in social activities (especially public welfare activities) will gain a higher sense of consumer recognition and thus higher market returns.