Corporate Social Innovation

Corporate Social Innovation (CSI) refers to the efforts made by businesses to develop new strategies, products, or services that address social issues while also creating economic value. It goes beyond traditional Corporate Social Responsibility (CSR) by actively seeking innovative solutions that benefit society and the environment, rather than just mitigating negative impacts. CSI involves collaboration with communities, non-profits, and other stakeholders to create sustainable practices that enhance both societal well-being and corporate profitability, ultimately fostering a more ethical approach to business that contributes positively to global challenges.