Corporate Social Responsibility (CSR) refers to the efforts made by companies to conduct their business in an ethical manner, considering their impact on society and the environment. This includes initiatives that promote social good, such as reducing carbon footprints, improving labor policies, and engaging in charitable activities.
By adopting CSR practices, businesses not only enhance their brand reputation but also contribute positively to the communities they operate in. This approach fosters trust among consumers and stakeholders, ultimately leading to long-term success and sustainability in the marketplace.