Corporate Social Responsibility (CSR) vs Creating Shared Value (CSV)

What is the difference between CSR and CSV?

CSR (Corporate Social Responsibility) refers to the commitment the organizations acquireCSR to act with responsibility towards the society and the environment. It does not imply only to make an effort to mend or reduce the damage caused by their activity, but also to contribute with positive extra impacts, for example through philanthropy.

According to Porter and Kramer (2011) CSV (Creating Shared Value) “presumes compliance with the law and ethical standards, as well as mitigating any harm caused by the business, but goes far beyond that. Continue reading “Corporate Social Responsibility (CSR) vs Creating Shared Value (CSV)”