In line with the definition of ISO 26000, CSR is generally understood to refer to the “Responsibility of an organization for the impacts of its decision and activities on society and the environment, through transparent and ethical behavior that:
contributes to sustainable development, health and the welfare of society,
takes into account the expectations of stakeholders,
is in compliance with applicable law and consistent with international norms of behaviour,
and is integrated throughout the organization and practices in its relationships.”
CSR requirements have come to significantly affect the business sector, both through direct supply chain relationships and the development of legislation and international standardization and certification schemes. SMEs in transition economies are under particularly strong pressure to show customers and clients within the European Union and elsewhere that they are engaging in responsible business practices.
From the perspective of UNIDO, CSR can be embraced as a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.
