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Altruistic CSR

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Encyclopedia of Sustainable Management

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Synonyms

Altruism; Altruistic morality; Altruistic way of doing business; Applications of altruistic moral teachings; Beneficent way of doing business; Benevolent; Charitable; Humanitarian CSR; Philanthropic CSR

Definition

Altruistic CSR

The term altruism means renunciation of the self and an exclusive concern and care for the welfare of others. Therefore altruistic CSR is a form of corporate social responsibility (CSR) that goes beyond ethical behavior to voluntarily donate time and/or money towards certain groups of stakeholders, even if the time or money commitment sacrifices part of the business profitability.

Introduction

CSR as a Concept

CSR is the internal obligation of each business entity to account for the way its activities impact the economic, social, and environmental dimensions of its environs and to ensure that this impact generates equitable and sustainable benefits and there is no harm to all the stakeholders involved.

The CSR concept developed from two sources at...

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Author information

Authors and Affiliations

  1. St. Xavier’s College, Kolkata, West Bengal, India

    Sumona Ghosh

Authors
  1. Sumona Ghosh
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Corresponding author

Correspondence to Sumona Ghosh .

Editor information

Editors and Affiliations

  1. London Metropolitan University, Guildhall Faculty of Business and Law London Metropolitan University, London, UK

    Samuel Idowu

  2. Cologne Business School, Ingolstadt, Germany

    René Schmidpeter

  3. College of Business, Loyola University New Orleans, New Orleans, LA, USA

    Nicholas Capaldi

  4. International Training Centre of the IL, International Labor Organization, Turin, Italy

    Liangrong Zu

  5. Department of Economics, Society and Politics, University of Urbino Carlo Bo, Urbino, Italy

    Mara Del Baldo

  6. Instituto Politécnico da Guarda, Guarda, Portugal

    Rute Abreu

Section Editor information

  1. Leeeds Business School, Leeds Beckett University, Leeds, UK

    Brian T. Jones

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Ghosh, S. (2020). Altruistic CSR. In: Idowu, S., Schmidpeter, R., Capaldi, N., Zu, L., Del Baldo, M., Abreu, R. (eds) Encyclopedia of Sustainable Management. Springer, Cham. https://doi.org/10.1007/978-3-030-02006-4_598-1

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  • DOI: https://doi.org/10.1007/978-3-030-02006-4_598-1

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-02006-4

  • Online ISBN: 978-3-030-02006-4

  • eBook Packages: Springer Reference Business and ManagementReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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