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What is corporate social responsibility(CSR)?

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What is corporate social responsibility(CSR)?

Posted by Dolly ?️ 5 years, 9 months ago

CBSE > Class 11 > Business Studies

2 answers

Yogita Ingle 5 years, 9 months ago

Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders.

CSR is a concept with many definitions and practices. The way it is understood and implemented differs greatly for each company and country. Moreover, CSR is a very broad concept that addresses many and various topics such as human rights, corporate governance, health and safety, environmental effects, working conditions and contribution to economic development. Whatever the definition is, the purpose of CSR is to drive change towards sustainability.

Harsh Panchal 5 years, 9 months ago

It is a type of international private business self regulation. ??

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