What is corporate social responsibility, and how is it different from social value?

  • Corporate Social Responsibility (CSR) refers to a company’s voluntary initiatives to operate economically, socially, and environmentally sustainable. It often involves philanthropic activities, ethical labour practices, and environmental stewardship.
  • Social value: Encompasses the broader societal impacts generated by an organisation’s activities, products, and services. Beyond CSR, it includes measurable outcomes and benefits for stakeholders and communities.