CR Glossary





It's easy to be confused by the jargon that surrounds corporate responsibility. So here's a simple glossary which we hope will clear things up.

Term

Definition


Philanthropy
A broad term used to cover voluntary giving of money, goods, services, time and/or expertise by individuals, groups or organisations to promote the common good. Companies that embed corporate responsibility and sustainability into their businesses differ from those who dispense philanthropy. They take a broader view of what it means to be a good corporate citizen - one that requires businesses to operate ethically and responsibly with respect to individuals, society and the environment.