Corporate Social Responsibility is a management concept whereby \u00a0companies integrate social and environmental concerns in their business \u00a0operations and interactions with their stakeholders. CSR is generally \u00a0understood as being the way through which a company achieves a balance \u00a0of economic, environmental and social imperatives (\u201cTriple-Bottom-Line-Approach\u201d), while at the same time addressing the expectations of \u00a0shareholders and stakeholders. In this sense it is important to draw a \u00a0distinction between CSR, which can be a strategic business management \u00a0concept, and charity, sponsorships or philanthropy. Even though the \u00a0latter can also make a valuable contribution to poverty reduction, will \u00a0directly enhance the reputation of a company and strengthen its brand, \u00a0the concept of CSR clearly goes beyond that. Disclaimer Our content is not in any way legal advice or binding. The information provided by might not be the official legal or full definition. Also when pursuing a specific transaction you are encouraged to conduct your own due diligence and to consult legal counsel as appropriate.<\/p>\n","protected":false},"template":"","class_list":["post-20208","logistics_term","type-logistics_term","status-publish","hentry","wpbf-post"],"yoast_head":"\n