Best Practices For Corporate Social Responsibility
May 22, 2012, 5:37 PM EDT
Law360, New York (May 22, 2012, 5:37 PM EDT) -- The concept of Corporate Social Responsibility (CSR), also commonly referred to as sustainability, is increasingly being implemented by businesses — in every sector of the economy — as part of their corporate policies and public relations. Businesses are keenly aware that CSR policies may have a significant impact on profitability, brand image and business risks.
CSR is a doctrine and value system to govern a business. Unfortunately, due to the lack of clear internationally or nationally accepted guidelines governing CSR, what CSR means to businesses varies...