CSR has no unique acceptation. In its historic meaning, CSR stands for Corporate Social Responsibility. It was born as Philanthropic activities carried on by big corporations. Over the years, it has evolved towards the wider meaning of Corporate Sustainability Reporting in order to include the environmental issues, as well as the Reporting Phase. In the European Union, we have the CSRD (Corporate Sustainability Reporting Directive) which is going to be mandatory for big companies by 2025 and enlist small companies by 2027.
Has CSR become a buzzword? We hear about CSR more and more. In the past, it used to be an additional thing companies included in their activities and communicational strategy. With the rising-up of sustainability in the global demand of goods and services, it continues to be an important tool to increase your competitive advantage, and it is also becoming…
Understanding CSR started in April 2023, and less than 6 months has already reached about 100 subscribers with a 4.4 out of 5 average assessment
Both! Corporate Social Responsibility is the old acceptation of CSR. Corporate Sustainability Reporting is a kind of new acceptation, including also the environmantal factors and being also formally ruled in several countries.
ESG makes requirements in relation to sustainability performance and investment criteria. Corporate Social Responsibility describes how companies should be, what they do. Corporate Sustainability Reporting Satisfy both ESG criteria and the corporate dimensions in terms of sustainability.