CSR (Corporate Social Responsibility)

Corporate social responsibility (CSR) in procurement is the integration of social, environmental, human rights, and ethical considerations into decision-making and operations with the aim of creating a positive impact on society. By adhering to principles of CSR in procurement, companies can ensure that their goods and services are developed and acquired sustainably and in line with sound ethical standards. This approach also contributes to improved relations between companies and their stakeholders, resulting in a higher level of trust and legitimacy in the eyes of customers, investors, suppliers, and other interest groups.