The chapter examines Political Corporate Social Responsibility (CSR) theory in relation to the emerging polycrisis concept. PCSR is centered on the idea that companies can adopt political roles and contribute to global governance, particularly when governments are limited in their ability to address societal and environmental challenges. The polycrisis concept further underscores this limitation, as no single actor can effectively address it alone. The chapter provides an in-depth discussion of PCSR theory, including its conceptual foundations, a description of the role of corporations in PCSR, and its legitimacy as deliberation framework with its underpinnings in Habermasian deliberative democracy theory and discourse ethics. Considering the profound critique that PCSR has faced in recent years—both in terms of conceptual underpinnings and practical applicability—this chapter explores the emerging concept of polycrisis and how it may benefit from these critical insights, informing future PCSR and polycrisis research trajectories. The discussion suggests a need for future insights on how PCSR approaches can flexibly adapt in times of polycrisis to enhance global governance coordination inside and across organizations while also emphasizing the need for dynamic and resilient (P)CSR approaches given the shift from stable to increasingly volatile environments.