The topic of Corporate Social Responsibility (CSR) is gaining increasing importance in the capital market and in the media, as the economic performance of a company and the perception of social responsibility are interconnected. CSR integrates shareholder value into a comprehensive concept of corporate policy that considers various interests equally. Over the past seven years, a number of different awards have emerged in Germany that recognize special social engagement from companies. These awards, which operate in the field of CSR, have arisen for various reasons and reflect different understandings of CSR. This study aims to analyze the market for CSR awards and examine the significance of these awards within companies.