Table of Contents
Corporate Social Responsibility (CSR) 2
Definition of CSR 2
Development of CSR 2
Approaches to CSR 2
Business Benefits of CSR 3
Critical Analysis of CSR 3
Factors influencing CSR 4
The Business Case for CSR 6
TESCO PLC 8
Tesco and Corporate Social Responsibility 8
Environment 8
Community 9
Suppliers 9
People / Employees 10
Government / Regulators 10
How Tesco manages their Corporate Responsibility (CR) 10
Conclusion 10
Bibliography 13

Corporate Social Responsibility (CSR)
Definition of CSR
Corporate Social Responsibility (CSR, also called corporate responsibility, corporate citizenship and responsible business) is a concept whereby organizations consider the interests of society by taking
* Companies do not pay the full costs of their impact. For example, the costs of cleaning pollution often fall on society in general. As a result profits of corporations are enhanced at the expense of social or ecological welfare.
Hindrance of Free Trade – These critics are supporters of Milton Friedman, who argued that a corporation’s principal purpose is to maximize returns to its shareholders, while obeying the laws of the country within which it works. Friedman argued that only people can have responsibilities. Due to this, moderate critics suggest that CSR activity is most effective in achieving social or environmental outcomes when there is a direct link to profit. This approach to CSR requires that the resources applied to CSR activities must have at least as good a return as these resources could generate if applied anywhere else.
Factors influencing CSR
Corporations may be influenced to adopt CSR practices by several drivers. These include: * Ethical consumerism
The rise in popularity of ethical consumerism over the last two decades can be linked to the rise of CSR. As global population increases, so does the pressure on limited natural resources required to meet rising consumer demand (Grace and Cohen, 2005). Industrialization in many developing countries is booming as a result of technology and globalization. Consumers are becoming more aware of the environmental and social implications of their day-to-day consumer