Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) refers to the idea that businesses have a duty to act in ways that benefit society, not just their shareholders. This can include ethical practices like reducing environmental impact, ensuring fair labor conditions, contributing to community development, and being transparent in operations. CSR emphasizes that companies should consider the broader consequences of their actions and strive to create positive social and environmental outcomes while maintaining profitability. It fosters trust and enhances a company's reputation, recognizing that long-term success is interconnected with the well-being of society.
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Corporate Social Responsibility (CSR) refers to the practice of businesses taking responsibility for their impact on society and the environment. It involves companies taking actions that benefit not only their shareholders but also their employees, communities, and the planet. This can include sustainable environmental practices, ethical labor conditions, charitable contributions, and transparent governance. CSR encourages businesses to operate in ways that enhance society and the environment, aligning their operations with values that contribute to the common good. Ultimately, it reflects a commitment to balancing profit with purpose.