What is Corporate Social Responsibility and How Does It Apply to Business?
The term "corporate social responsibility" (CSR) refers to a self-policing corporate approach that enables an organisation to be socially accountable to its stakeholders, including its clients, workers, and employees. Corporate social responsibility, often known as corporate citizenship, is a way for businesses to be aware of how their actions affect the economic, social, and environmental facets of society. A company that practises corporate social responsibility (CSR) does business in a way that enhances rather than degrades society and the environment. Why Businesses Need to Be Socially Responsive Companies are putting more emphasis on social responsibility, whether they are fighting for women's rights, preserving the environment, or making efforts to eradicate poverty on a local, national, or international scale. Socially conscious companies provide more aesthetically pleasing pictures to shareholders and customers, which helps their bottom lines. Employees w...