Corporate Social Responsibility – definition
Corporate Social Responsibility (CSR) relates to how a business attempts to achieve objectives other than those purely related to maximising returns to shareholders.
CSR includes ethical objectives, and those designed to minimise the negative effects of the business on the environment, or on the local community. CSR is often regarded as a form of self-regulation in terms of regulating business activities which fall outside the scope of its legal responsibilities. For example, while tax avoidance is not illegal, a business might stop aggressively seeking out and implementing complex tax avoidance schemes.
Read more on business objectives