Corporate philanthropy

Definition

Corporate philanthropy is the act of a corporation or business donating some of its profits, resources, or time to charitable causes. This initiative is part of a company's broader commitment to social responsibility and ethical behavior towards its stakeholders.

Related terms

Corporate Social Responsibility (CSR): A business model where companies integrate social and environmental concerns in their operations and interactions with their stakeholders.

Stakeholder Engagement:

The process by which an organization involves people who may be affected by the decisions it makes or can influence the implementation of its decisions.

Ethical Investing: The practice of investing in companies that contribute positively to society or the environment, aligning financial goals with personal values