The Difference between CSR and CSV

            Large corporations offer new method of maintaining economic and social growth for their own company. Due to the fact that factories force any labors in different age groups without giving any good impact for labors’ welfare, therefore corporations invent new system for stakeholders, which is CSR (Corporate Social Responsibility) and CSV (Creating Shared Values). These systems aim to promote appreciation to stakeholders for their contribution towards the company, as well as being good by doing good social activities. There are lots of benefits that occur for the company and the people. However there are significant differences between CSR and CSV, although the main goal is the same; to be good for people, and also increasing trust. The reason why CSR and CSV is differentiated because the goals of every social activities can be different according to the company’s code of ethics and choice; which will be explained after this.

            CSR consist of the project where the fundamental aim is to highlight philanthropy actions. The company doesn’t measure specific profits from their social activity, however the main reason of creating CSR is to gain social benefit; such as providing healthcare, education, water irrigation, tree conservation, and so on. This CSR becomes a part of company’s activity as a part of their responsibility when running their company, in order to gain more trust between stakeholders, also the company credibility is increased. On the other hand, CSV relies on gaining profit for the company, at the same time they’re giving social impact to the stakeholders and providing company growth in a long run. For instance, the body shop creates a community fair trade by creating natural products for different countries, and the profit will be given to the company and to the farmers itself.