Although it's a global trend fast catching on in the US and Asia, it is generally accepted that corporate social responsibility is most advanced in Europe.
Even within that continent, the widespread adoption of CSR is patchy, with Britain often regarded as leading the way (although Scandinavia, the Netherlands, Germany, and France are rapidly embracing it). This growing focus is partly reflected in new laws in some European Union member states, like the UK and France, which require listed companies to report on their social and environmental impact, and partly in references to CSR in key European constitutional documents.
In Europe, CSR is on the rise. If in the US much CSR activity remains voluntary and largely focused on (often generous) corporate philanthropy, in the EU it is increasingly becoming a must-have, more formally structured within overall corporate stakeholder communications strategy. Europe is not necessarily more advanced than the US in this field, but its CSR philosophy is more likely to regulate and legislate to achieve social and environmental outcomes.
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