What is Corporate Social Responsibility (CSR) ?
Corporate Social Responsibility (CSR) refers to a company’s commitment to manage its business processes responsibly, ensuring a positive impact on society, the environment, and all stakeholders, including employees, customers, and communities. CSR initiatives often focus on areas like environmental sustainability, ethical labor practices, community engagement, and philanthropy.
Organizations adopt CSR to align business goals with societal values, enhance their reputation, and contribute to sustainable development. CSR is not just about compliance but also about going beyond legal requirements to foster goodwill and long-term value creation.