Corporate Social Responsibility: A Narrative Literature Review

Abstract

Corporate social responsibility (CSR) represents the voluntary commitment of companies to behave appropriately, fairly, and responsibly with the environment in which they operate. It refers to a business approach that takes into account economic, environmental, and social issues in a balanced, holistic, and long-term manner for the benefit of current and future stakeholders. Thus, since the introduction of the concept, more managers are including social and environmental objectives in their decision-making process. The aim of CSR is therefore to seek the well-being of society and the environment through business activities. However, when did the term come into being, how has the term evolved since its foundation, and how has the concept of CSR evolved over time? Through a narrative review of the literature, the research addresses these research questions to bring clarity to the field of study.

Key Terms in this Chapter

Sustainable Development Goals: There are 17 interconnected global goals designed to be a blueprint for achieving a better and more sustainable future for all.

Corporate Social Responsibility: It is the responsibility that each organization has with the environment in which it operates and with the society of which it is a part.

Sustainability: It refers to the balance of a species with the resources of its environment.

Corporate Sustainability: A business management approach that seeks to generate organizational value, as it generates societal value.