1.6 Economic, Social, and Environmental Performance

Performance is the execution of an action and something accomplished.

 

Triple Bottom Line: the mesurent of business performance along social, environmental, and economic dimensions

 

CORPORATE SOCIAL RESPONSIBILITY (CSR)

In the business world, Social and Environmental Performance is referred to as Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR) is a concept whereby organizations consider the interests of society by t taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities, and the environment in all aspects of their operations.

This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees organizations voluntarily taking further steps to improve the quality of life for employees and their families, as well as for the local community and society at large.