Corporate responsibility

What is corporate social responsibility?

Corporate social responsibility is generally understood as the integration of a company’ business activities with the needs of the society and the integration of the interests of target group into the company’s policies and conduct.  It is a concept whereby businesses openly admit their share of responsibility for the situation and functioning of society and it is based on the assumption that no business operates merely in its economic relations but that it also influences the environment in which it operates and its interest groups (employees, clients, shareholders, the society). And, on the other hand, the interest groups have an impact on the success of the company. CSR is built on three pillars (referred to as the triple bottom line) - economic, social, and on the principle of environmental sustainability.