Corporate social responsibility in fortune magazineʹs top 50 companies: State of action and salient trends

The concept of corporate social responsibility constantly adapts to the needs of global business. Given the recent development of corporate social responsibility and sustainability ideologies, along with methodologies and criteria used to meet the standards of a "responsible" company, it becomes necessary to examine their realization in practice, by focusing on those responsible for the trends: the fortune 500 companies. This article addressed both of these needs by comparing the corporate social responsibility reports of Fortune Magazineʹs Top 50 companies. The article tried to evaluate each companyʹs performance against a defined set of criteria in order to test for the didactic nature of the competitive relationships between Fortuneʹs Top companies and their influence on smaller companies. It then tried to answer three important related questions concerning corporate social responsibility now and in the future: 1) to what extent have Fortuneʹs Top 50 companies embraced the concept of corporate social responsibility? 2) What is their understanding of corporate social responsibility? 3) What are the current trends of corporate social responsibility? The article concluded with analyses of future trends that may assist companies to develop their corporate social responsibility practices on an ongoing basis.