Introduction to Corporate Social Responsibility

From the study guide

Course Outline

  1. Corporate Social Responsibility definition and scope
  2. CSR versus ESG and investor assessment
  3. ISO 26000 and link to sustainable development
  4. CSR decision-making and sustainable value creation
  5. CSR tools, guidelines and sustainable investment risk
  6. Valuation and shareholder value under sustainable decisions
  7. Global CSR risk differences and corporate governance
  8. Implementing CSR under shareholder primacy
  9. CSR course structure: lectures, business case and exams
  10. Corporate VC CSR team and biotech hub presentation

1. Corporate Social Responsibility definition and scope

Key Concepts & Definitions

  • Corporate Social Responsibility: Corporate Social Responsibility is an umbrella label for business practices aimed at social or environmental purposes.
  • Umbrella term: An umbrella term groups multiple related practices under one broad concept for easier understanding.
  • Social or environmental purposes: Social or environmental purposes are the target outcomes that CSR activities are meant to support.
  • Voluntary CSR: Voluntary CSR refers to actions not required by law, meaning companies choose them beyond legal prescriptions.
  • CSR roots: CSR roots are the main pillars used to frame CSR as a set of commitments beyond pure compliance.

Essential Points

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Practice quiz preview

1. What does corporate social responsibility refer to in this course?

2. Which statement best captures the scope of CSR as presented here?

3. How does CSR differ from ESG in the course framework?

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Flashcard preview

CSR — definition?

Business practices for social/environmental purposes.

CSR scope — coverage?

Includes social and environmental responsibility.

CSR — voluntary?

Yes, not legally mandated.

CSR roots — purpose?

Framework pillars for CSR understanding.

ESG — role?

Investor criteria for company performance.

CSR vs ESG — difference?

CSR is company practice; ESG is investor assessment.

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