The rapid increase in hate speech on social media has exposed an unprecedented impact on society, making automated methods for detecting such content important. Unlike prior black-box models, we propose a novel transparent method for automated hate and counter speech recognition, i.e., "Speech Concept Bottleneck Model" (SCBM), using adjectives as human-interpretable bottleneck concepts. SCBM leverages large language models (LLMs) to map input texts to an abstract adjective-based representation, which is then sent to a light-weight classifier for downstream tasks. Across five benchmark datasets spanning multiple languages and platforms (e.g., Twitter, Reddit, YouTube), SCBM achieves an average macro-F1 score of 0.69 which outperforms the most recently reported results from the literature on four out of five datasets. Aside from high recognition accuracy, SCBM provides a high level of both local and global interpretability. Furthermore, fusing our adjective-based concept representation with transformer embeddings, leads to a 1.8% performance increase on average across all datasets, showing that the proposed representation captures complementary information. Our results demonstrate that adjective-based concept representations can serve as compact, interpretable, and effective encodings for hate and counter speech recognition. With adapted adjectives, our method can also be applied to other NLP tasks.