Sustainability Concept and Corporate Social Responsibility CSR

According to the European Commission, CSR is a concept whereby companies integrate social and environmental concerns in their business operations and in their interaetions with their stakeholders on a voluntary basis .  

Stakeholders exist both within and outside a firm. CSR is concerned with treating the stakeholders of the firm ethically and in a socially responsible manner. The aim of social responsibility is to create higher and higher standards of living, while preserving the profitability of the corporation for all its stakeholders.  

A company operates sustainably when its actions do not impair the planet s ability to provide the necessary resources in both the present and the future and when it integrates, on a voluntary basis, social and environmental concerns in its business operations and its interactions with its stakeholders. This is a commitment to find a healthy balance between financial, environmental and social imperatives, without compromising the development opportunities of 

Maintaining work/life balance Safety programs Qualification Social responsibility (e.g. sponsoring) 

Treatment of by-products Reduction of emissions, water consumption, waste water Enabling manufacturing industries and consumers to act in an environmentally and ecologically viable manner 

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