As regulatory pressures build against companies to improve their overall environmental, labor, ethics, and human rights practices, corporate social responsibility matters are taking on more importance not just for chief ethics and compliance officers, but for supply chain and procurement leaders as well.
Broadly speaking, corporate social responsibility (CSR) concerns the continuing commitment by companies to act responsibly by integrating social and environmental considerations into their operations. CSR goes beyond regulatory compliance by focusing on how companies manage their economic, social, and environmental impacts, as well as their relationships with stakeholders—such as customers, employees, and their suppliers.
