How did the concept of Corporate Social Responsibility come about?
The recognition of corporate social responsibility (CSR) is an outcome of social civilization and economic development. In the initial stage of capital accumulation, multinational companies strived for development by sacrificing the environment resources and labor welfare of developing countries. However, as the ideas of “human-oriented” and “sustainable development” are widely recognized, the civil society, with consumers as the mainstay, has paid increasing attention to the production process of the commodities they have purchased, and began to boycott the products from “sweatshops”. As a result, related issues are gradually brought into the scope of government supervision and legislation control. To redeem reputation and enhance investor confidence, multinational companies took the lead in establishing their own codes of conduct.
