Corporate Social Responsibility
What Is Corporate Social Responsibility (CSR)?
Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public. By practicing corporate social responsibility, also called corporate citizenship, companies can be conscious of the kind of impact they are having on all aspects of society, including economic, social, and environmental.
To engage in CSR means that, in the ordinary course of business, a company is operating in ways that enhance society and the environment instead of contributing negatively to them.
The main objective of CSR is to reinforce the worth of the corporate and also help society in a very specific way. CSR practice is giving back to society what the businesses are becoming from society.
CSR inspires companies to require part in philanthropic schemes, opening schools and colleges, and opening hospitals for society. Companies may help society by helping in the economic, and ethical growth of the society by planting trees distributing books, and a lot more other practices. CSR is important for the positive growth of the corporate.