The article explores the concept of Corporate Social Responsibility (CSR) and its various dimensions. It discusses the increasing focus on CSR by firms, as evidenced by initiatives like Business in the Community's "Winning with Integrity" and the World Business Council for Sustainable Development's efforts to define and measure CSR. The article examines the historical development of CSR, from its early philosophical roots to more recent stakeholder-based approaches. It highlights the different perspectives on CSR, including the neo-classical view that emphasizes economic efficiency and shareholder value, and the moral or ethical perspective that sees CSR as a quasi-moral obligation for businesses to address social issues. The article also delves into theories that explain why businesses might engage in CSR, such as stakeholder theory, social contracts theory, and legitimacy theory. Finally, it reviews methods for assessing corporate social performance, noting the ongoing debate and the need for practical solutions. The conclusion emphasizes the growing importance of CSR both within businesses and in societal expectations.The article explores the concept of Corporate Social Responsibility (CSR) and its various dimensions. It discusses the increasing focus on CSR by firms, as evidenced by initiatives like Business in the Community's "Winning with Integrity" and the World Business Council for Sustainable Development's efforts to define and measure CSR. The article examines the historical development of CSR, from its early philosophical roots to more recent stakeholder-based approaches. It highlights the different perspectives on CSR, including the neo-classical view that emphasizes economic efficiency and shareholder value, and the moral or ethical perspective that sees CSR as a quasi-moral obligation for businesses to address social issues. The article also delves into theories that explain why businesses might engage in CSR, such as stakeholder theory, social contracts theory, and legitimacy theory. Finally, it reviews methods for assessing corporate social performance, noting the ongoing debate and the need for practical solutions. The conclusion emphasizes the growing importance of CSR both within businesses and in societal expectations.