Corporate Social Responsibility Corporate Social Responsibility (CSR) is defined as a corporations drive to estimate their effects on the environment and their role in the well being of the citizens in their area and across the globe. It refers to a corporation that goes above and beyond what is required of them by regulators, to have a positive impact on society. Human Rights Corporations should be purchasing from suppliers whom take an ethical approach to human rights. Ensuring positive conditions for workers is essential. Fair wages and compliance with regulations is also important. By investigating suppliers commitment to human rights corporations can be sure that they are meeting their social responsibility and their ethical procurement responsibility. The Environment It is important that corporations are looking at the impact that their suppliers have on the environment. It doesn’t matter how much a company does to protect the environment, if they are getting their supplies or doing business with a company whom is not meeting their social responsibility to the environment. To have an overall global impact corporations need to look at the entire pictures of their corporation. Health and Safety Ensuring that suppliers and other partners are meeting health and safety regulations is an important part of social procurement. It is important that corporations have up to date safety standards, considerate of the heath and safety of their employees, clients and community, and maintain an adequate system to ensure the safety of all. In today’s society it is more crucial than ever for corporations to meet their Corporate social responsibility. It creates a positive impact on the environment and the social welfare of others and allows corporations to increase revenue and paint a positive picture to the public. Corporations meeting their own responsibility is a great first step; however taking it a bit further and ensuring ethical procurement practices are met will have the greatest impact at home and around the globe. It is time for corporations to start becoming shining examples of excellent Corporate social responsibility. Reference Links: http://www.riotinto.com/energy/rio-tinto-coal-australia-4713.aspx http://www.miningoilgasjobs.com.au/mining/all-you-need-to-know-about-the-mining—metals-sec/building-better-community-relationships.aspx http://corporate.walmart.com/global-responsibility/environment-sustainability/global-responsibility-report http://global.epson.com/SR/procurement/guideline/ http://www.corporatespend.com.au/corporate-social-responsibility/