Corporate Social Responsibility

Abstract

Corporate social responsibility (CSR) is the business practice of joining environmental and social policies with a business econaomic goals and operations. It is based on the idea that businesses can reduce their adverse social and environmental impact on the world.Corporate social responsibility (CSR) involves actions taken when a company seeks to improve its environmental and societal impact.CSR also includes companies adopting fair and ethical business practices.Research suggests that a commitment to CSR can positively affect a company’s finances and employee morale.CSR is similar to ESG, a process by which investors make decisions based on CSR programs and a company's environmental impact.

Corporate Social Responsibility (CSR) is the idea that a company should play a positive role in the community and consider the environmental and social impact of business decisions. It is closely linked to sustainability creating economic, social, and environmental value which stands for Environmental, Social, and Governance. All three focus on non-financial factors that companies, large and small, should consider when making business decisions.