Corporate social responsibility (CSR) is the rather loose notion that companies have some sort of obligations towards society, beyond pursuing profits, upholding the law, or respecting agreements.
The adoption of CSR by companies as a concept has seen a surge in recent years. 72 percent of S&P 500 companies had reported on it in 2014. This number may seem unimpressive, but only fewer than 20 percent had done so three years before. The proportion on a global scale is even higher: of the world’s largest 250 companies, a staggering 93 percent publish annual reports. Continue reading “The commercial case for corporate social responsibility”