ABSTRACT
Corporate Social Responsibility (CSR) implies that corporate performance is judged not just by the services, products and profits that businesses make but also by the impacts they have on social well-being and on the local and global environment. Corporate social responsiveness, corporate social performance, corporate citizenship, business ethics, and stakeholder theory/management became frequently cited within the CSR literature during the 1980s, and for the reader this can seem like a bewildering and unnecessarily complex set of developments. Business ethics is a form of applied ethics that examines ethical principles and moral or ethical challenges that arise within a business environment. Corporate sustainability is another complementary theme to CSR and again gained significance amongst researchers in the 1990s. The natural capital and environmental stock includes ecosystems, environmental stock and cultural diversity. The ultimate aim of sustainable development is to seek social progress and to improve the quality of life of humans.
