Corporate social responsibility (CSR) is an approach through which companies voluntarily integrate social and environmental concerns in their business operations and in their relationship with stakeholders (EU Green Paper, 2001). The basic idea of social responsibility is to go beyond the limits of mere compliance with legal requirements by investing more in human capital, environment and relations with all stakeholders. Originally, socially responsible companies are to implement the principles of CSR voluntarily and above the level required by law. Communication of the EU 2011 (renewed strategy) defines CSR as "the responsibility of enterprises for their impacts on society". This is an important innovation and distinction to the previously purely voluntary approach. However, the responsibility of the companies for their effects on the society does not materialize in the corporate law. Reporting on the measures and activities in the field of corporate social responsibility is increasingly becoming an integral part of the financial report of the company.
F.26 Improvements to existing organisational structure and managerial solutions
COBISS.SI-ID: 57444962