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HomeHomework Helpbusiness-lawCorporate Social Responsibility Law

Corporate Social Responsibility Law

Corporate Social Responsibility Law refers to the legal frameworks and regulations that govern the ethical obligations of corporations to consider the social, environmental, and economic impacts of their operations, ensuring accountability and promoting sustainable practices. This area of law encourages businesses to operate in a manner that benefits society while minimizing harm to the environment and communities.

intermediate
3 hours
Business Law
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Overview

Corporate Social Responsibility Law is essential for guiding businesses in their ethical obligations towards society and the environment. It encompasses various legal frameworks that ensure companies operate responsibly while considering the interests of stakeholders. Understanding CSR helps busines...

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Key Terms

Corporate Social Responsibility (CSR)
A business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Example: A company donating a portion of its profits to local charities.

Stakeholders
Individuals or groups that have an interest in the success and operations of a business.

Example: Employees, customers, suppliers, and the community.

Sustainability
Meeting the needs of the present without compromising the ability of future generations to meet their own needs.

Example: Using renewable energy sources in production.

Regulatory Compliance
Adhering to laws, regulations, guidelines, and specifications relevant to business operations.

Example: Following environmental laws to reduce pollution.

Ethics
Moral principles that govern a person's or group's behavior.

Example: A company choosing not to exploit cheap labor.

Corporate Governance
The system of rules, practices, and processes by which a company is directed and controlled.

Example: Board of directors overseeing company policies.

Related Topics

Business Ethics
The study of proper business policies and practices regarding potentially controversial issues.
intermediate
Environmental Law
Laws that regulate the interaction between humanity and the natural environment.
advanced
Corporate Governance
The system of rules and practices that direct and control a company.
intermediate

Key Concepts

Ethical Business PracticesSustainabilityStakeholder EngagementRegulatory Compliance