Corporate Social Responsibility [CSR] is the extension of corporate goals and decision making to include a broader range of concerns than simply organisational objectives and financial measures of performance. The objectives of CSR are sometimes known as the ‘triple bottom line’ or ‘people, planet and profit’. CSR promotes good corporate citizenship and responsibility for corporate actions, as well as encouraging a positive impact on all its stakeholders, including suppliers, consumers, employees, communities governments and the environment. CSR has clear implications for procurement in terms of adoption of sustainable practices, standards and specifications in the supply chain and consideration of the social impact of the organisation’s behaviours. See also Socially Responsible Procurement and Triple Bottom Line.« Back to Glossary Index
Corporate Social Responsibility
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.