Glossary:
15. The basics of Corporate Social Responsibility (CSR)
| Term | Definition |
|---|---|
Corporate Social Responsibility (CSR) | The practice of businesses taking into account the social and environmental impact of their actions. |
Ethical sourcing | considering environmental, social, and ethical impacts throughout the supply chain, while social sustainability focuses on fair treatment of workers and community development. |
KPIs, or Key Performance Indicators | measurable values that demonstrate how effectively a company is achieving its key business objectives. |
Social responsibility | Can ethical framework that focuses on an individual or an organisation's obligation to act for the benefit of society as a whole. |
Social Return on Investment | SROI measures the social impact of an investment or project relative to the resources put in. It quantifies both tangible and intangible outcomes, including social, environmental, and economic factors. |
Social sustainability | The concept of ensuring that a company's operations and practices contribute to the well-being and development of society. |
Supply chain | A supply chain refers to the network of organizations, people, activities, and resources involved in producing and delivering a product or service from raw materials to end customers, including procurement, production, logistics, and distribution. |
