Corporate social responsibility

This chapter discusses how combatting crime in general, and financial crime and white-collar crime in particular, is an integral part of corporate social responsibility (CSR), especially when crime finds its opportunity structure in the organization. White-collar crime originates and manifests itself in organizations. Organizations must carry responsibility for the negative impacts on society, for example when internal criminals are prosecuted and jailed at the expense of society. To take on CSR means to pay back to society. Payback is the opposite of creating costs to society. CSR is supposed to be a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and national and international norms. CSR is a concept whereby companies integrate social and environmental concerns into their business operations and into the interaction with their stakeholders on a voluntary basis.