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According to Mallen Baker, of Business in the Community: CSR is about how companies manage the business process to produce an overall positive impact on society.
According to the Boston College Center for Corporate Citizenship: Corporate citizenship is the business strategy that shapes the values underpinning a company's mission and the choices made each day by its executive, managers and employees as they engage with society.
According to Wikipedia: Corporate Social Responsibility (CSR) is a concept which encourages organizations to consider the interests of society by taking responsibility for the impact of the organization's activities on customers, employees, shareholders, communities and the environment in all aspects of its operations. This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees organizations voluntarily taking further steps to improve the quality of life for employees and their families as well as for the local community and society at large.
How do companies comply with international CSR best practices?
To demonstrate good business citizenship, firms can report compliance with a number of CSR standards, including:
For more information about CSR initiatives and research on corporate citizenship, see our links.
Article in Kyiv Post
Andy Wilson, President of East Europe Foundation, a Kyiv-based international charitable foundation that runs social, community and economic development programs. East Europe Foundation is a member of the Eurasia Foundation Network
I had the great pleasure of participating in the Davos Philanthropic Roundtable, a master class for philanthropists organized by the Victor Pinchuk Foundation at the World Economic Forum on January 24. Philanthropy and corporate leaders from all over the world gathered to absorb the wisdom of top practitioners like George Soros, Walter Isaacson, Kateryna Yushchenko and Robert Harrison, the CEO of the Clinton Global Initiative. Click here to read more.
What is going on in Ukraine?
Companies working in Ukraine are increasingly trying to improve respond to demand for more effective corporate social responsibility. More and more companies are devoting resources and personnel to community engagement and CSR reporting. Some leading companies have established partnerships with community groups and non-governmental organizations (NGOs), and other companies have established corporate foundations to engage the community in more effective ways. For more information on what companies are doing, see our archives.
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