Corporate Social Responsibility (CSR) refers to the concept where businesses integrate social and environmental concerns into their operations and interactions with stakeholders. It is about companies taking responsibility for the impact of their activities on society, beyond profit generation, to include environmental sustainability, social welfare, ethical practices, and community involvement.
Companies work to minimize their environmental footprint by reducing waste, conserving energy, lowering emissions, and adopting sustainable practices in production and operations. This can involve:
Businesses contribute to society by supporting community initiatives, ensuring employee welfare, and promoting ethical practices in their supply chain.