The Procurement Glossary » Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR)

Compliance & Risk

Also known as: CSR

Definition

A company's commitment to operate ethically and contribute positively to society and the environment.

Explanation

In procurement, CSR shapes supplier selection and management around social and environmental impact — labour practices, community, sustainability. It overlaps with ESG and sustainable procurement as a driver of responsible sourcing.

Example

CSR goals lead the firm to favour suppliers with strong labour and environmental records.

Related terms

• Sustainable Procurement — Buying in a way that minimises environmental harm and maximises social and economic benefit over the whole life cycle.
• Environmental, Social & Governance (ESG) — A framework for assessing an organisation's environmental, social and governance performance.
• Ethical Sourcing — Sourcing goods and services in a way that respects human rights, fair labour and responsible practices throughout the supply chain.
• Supplier Diversity — A programme to deliberately include suppliers owned by under-represented groups in the supply base.

Frequently Asked Questions

What is Corporate Social Responsibility (CSR)?

A company's commitment to operate ethically and contribute positively to society and the environment. In procurement, CSR shapes supplier selection and management around social and environmental impact — labour practices, community, sustainability. It overlaps with ESG and sustainable procurement as a driver of responsible sourcing.

Can you give an example of Corporate Social Responsibility (CSR)?

CSR goals lead the firm to favour suppliers with strong labour and environmental records.

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