By employing a human rights perspective, this paper focuses on Corporate Social Responsibility (‘CSR’) and its impact and relevance in the globalized, commercialized world. The discussion around CSR takes into consideration three important developments: enormous growth of corporate power (without commensurate accountability), a paradigm shift in the nature of development and emerging claims from victims of corporate activities. The paper responds to these considerations by concluding that CSR has been the preferred model for achieving corporate accountability. The right to development against corporations has also impacted the functioning of corporations and the evolving nature of CSR. The paper also discusses recent examples of measures aimed at protecting victims from corporate activities.