Corporate social responsibility, also known as ‘CSR’ is a term used to describe a way in which companies conduct their business. It is the view that the profitability of the business should be considered in-line with values such as honesty, fairness and transparency so as to benefit the society they exist in. Other terms for this school of thought include ‘business ethics’ and ‘sustainability’. CSR proposes that the actions of companies can have such wide reaching impact on the surroundings that they have a responsibility to conduct their business in a responsible manner. For example, their actions can have an effect on employees and their families to the economy as a whole.