From the course: SHRM-CP Cert Prep

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Corporate social responsibility: Overview

Corporate social responsibility: Overview

From the course: SHRM-CP Cert Prep

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Corporate social responsibility: Overview

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- Ben & Jerry's ice cream donates a portion of their pre-taxed revenue to charities around the world. The Starbucks Foundation has contributed millions of dollars to create water and hygiene education programs in countries like Tanzania and Guatemala. These are examples of corporate social responsibility. Corporate social responsibility or CSR is a company's commitment to improving the communities where they do business. There are four factors that shape corporate social responsibility. Social media allows the world to know what corporations are doing in real time. Environmental concerns such as global warming have become increasingly important. Economic pressures like fluctuation in global markets, and sociopolitical matters such as diversity and equality are changing what society perceives as acceptable or appropriate. These factors have changed the way organizations approach corporate social responsibility. In the past, companies were reactive and focused on compliance with new…

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