Social Responsibility and Accountability
Corporate Social Responsibility (CSR) is generally understood to mean that corporations have a degree of responsibility, not only for the economic consequences of their activities, but also for the social and environmental implications.
This is sometimes referred to as a ‘triple bottom line’ approach that considers the economic, social and environmental aspects of corporate activity.
Various terms are used to describe CSR initiatives, including ‘Corporate Responsibility,’ ‘Corporate Accountability’, ‘Corporate Citizenship’ and ‘Sustainability.’
The meaning and value of CSR may differ in various contexts, depending on local factors including culture, environmental conditions, and the legal framework.
PKP and Associates assists clients in this key area.
With the introduction of the Modern Slavery Act this has become even more paramount.