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Current developments in business law demonstrate a considerable influence of Corporate Social Responsibility (CSR) in corporate governance. Following numerous scandals of international scope, the choice of CSR is now emerging as essential for the entrepreneurs of today and tomorrow. The law reflects this new orientation of the economic system through the combined evolution of hard law and flexible law. The emergence in recent years of companies with a social mission is a striking illustration of this. However, the risk of ending up with a content-free version of CSR is real, as illustrated by the phenomenon of greenwashing. To deal with this, the law has moved up a gear with the recent French reform introduced by the PACTE bill. These new mechanisms, often welcomed and sometimes institutionalized, raise various questions: whether introducing them in the economic sphere is effective for CSR; whether the laws are constructed in the right way; and whether this social finance offers these organizations—qualified as hybrids—a real opportunity for societal appropriation.