Last week’s post on the social licence to operate led to a flurry of questions on this blog’s sister site on LinkedIn.
Here’s a few more definitions to help untangle the differences between CSR, the social licence and other related concepts.
What’s the difference between corporate social responsibility and philanthropy?
In the late 1980s and 1990s activists and academics developed the concept of CSR to cover the corporations’ responsibilities to society. The “social” refers to that. CSR is a set of responsibilities that stakeholders claim a company has towards society.
Measures were developed to track corporate performance on these responsibilities. They were called CSP, corporate social performance. CSP is how well the company meets those responsibilities.