CSR - Corporate Social Responsibility

Corporate Social Responsibility (CSR)

Definition: A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship Through their waste and pollution reduction processes By contributing educational and social programs By earning adequate returns on the employed resources In the Philippines CSR is at the embryo stage. Philippine corporations are still using the common denominator of “what’s in it for me” before doing anything about CSR. There are many individual citizens who are philanthropists (time or money) in the Philippines but this is not CSR.

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The 15th congress created a law to encourage CSR