noun phrase · academic
corporate social responsibility
UK/ˌkɔː.pər.ət ˈsəʊ.ʃəl rɪˌspɒn.sɪˈbɪl.ɪ.ti/US/ˌkɔːr.pə.rət ˈsoʊ.ʃəl rɪˌspɑːn.səˈbɪl.ə.ti/COR·po·rate SO·cial re·spon·SI·BIL·i·ty
the idea that companies should act responsibly towards society and the environment, not just focus on profit
Examples
“Many firms now publish annual CSR reports to show how they reduce environmental damage.”
“Customers increasingly reward businesses that take CSR seriously by buying their products.”
“Implementing CSR initiatives can improve employee morale and public image.”
Band 8 sentence
“Many multinational firms now view corporate social responsibility as integral to maintaining long-term profitability and public trust.”
Collocations
- implement corporate social responsibility initiatives
- adopt corporate social responsibility policies
- report on corporate social responsibility
Word family
Common mistakes
corporate social responsibilities→corporate social responsibility
do corporate social responsibility→implement corporate social responsibility initiatives
Say it for a higher band
5help the community→6corporate charity→7+corporate social responsibility
Synonyms
corporate responsibility
corporate citizenship
Easily confused
corporate philanthropy
“Corporate philanthropy often involves one-off donations, while CSR focuses on long-term business practices.”
Related words
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In Society & Government
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