Everyone uses the terms to mean different things. So let’s start by defining what I mean by the phrase. In general, corporate responsibility and sustainability refers to undertaking organizational processes and policies that:
- Take actions that reduce harm to the environment or to the public. For example, a decision to cut down on the amount of plastic a company uses to package its product would be considered a corporately responsible and sustainable decision.
- Make efforts to actively improve the environment or conditions affecting the public. For example, contributing money to charitable efforts to reduce poverty would be considered a corporately responsible and sustainable decision.