To better address social concerns, many companies embrace CSR strategies that are believed to exert a profound influence on firm performance. However, limited research explores whether and how IT plays a role in various types of CSR initiatives. To shed light on this question, we posit how well the firms leverage CSR-related knowledge for value creation heavily depends on their IT-enabled absorptive capacities, which strongly enable knowledge-related processes. Drawing upon the theory of absorptive capacity, we further theorize distinct types of CSR initiatives need to be complemented by different IT-enabled absorptive capacities to enhance firm performance. To test our hypotheses, we have collected detailed archival panel data of the S&P 500 companies and mapped their IT-enabled absorptive capacities to specific IT applications. Our research will not only contribute to the ongoing debate on the business value of CSR by justifying IT-enabled capabilities as significant but long-neglected contingencies, it will also highlight the importance of strategic use of IT to create firm value.