The definition of Corporate Social Responsibility (CSR) is: how companies contribute to social, environmental and economic sustainability, while simultaneously addressing their potential adverse impacts on the agreed international principles on social, environmental and economic sustainability.
CSR is thus about how companies respond to the international principles on sustainability. The following international conventions are at the heart of social, environmental and economic sustainability: The Human Rights conventions, the Rio Declaration, the Paris Agreement and the Anti-Corruption conventions.
In the year 2000, these principles were presented to the business world via the Global Compact’s ten principles. In 2011, how one works with the international principles for social sustainability was concretized when the UN agreed on the minimum standards for responsible business conduct and established the UN Guidelines for Human Rights and Business. These standards were soon applied to environmental and economic sustainability via the OECD Guidelines for Multinational Enterprises.
The ten principles are outlined below.