The World Business council for sustainable development has proposed a definition of Corporate

Social responsibility as:
“Corporate Social Responsibility is the continuing commitment by business to behave ethically
and contribute to the economic development while improving the quality of life of the workforce
and their families as well as of the local community and the society at large”2

The European Commission advocates CSR as:
“Being socially responsible means not only fulfilling legal expectations, but also going beyond
compliance and investing more into human capital, the environment and relations with

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