In the United Kingdom, the need for companies to manage in a responsible manner across the various
sectors of their activity is generally, if not universally, understood. Generally business’ role in society is understood by the most common term, corporate social responsibility or CSR. Many of the larger companies in the UK have well articulated CSR strategies and codes of practice. Most, although not all, large companies have moved on from philanthropy to a more comprehensive approach to how they manage in a responsible manner. However, smaller companies continue to limit their approach to CSR to philanthropy.