Corporate social responsibility (CSR) refers to the practices and policies undertaken by companies to have a positive impact on society. This includes efforts to improve environmental sustainability, support community initiatives, and ensure ethical labor practices. By integrating social and environmental concerns into their business operations, companies aim to contribute to the well-being of their stakeholders, including employees, customers, and the broader community.
Many businesses engage in CSR to build a positive reputation and foster customer loyalty. Examples of CSR activities include reducing carbon emissions, donating to local charities, and promoting diversity in the workplace. Overall, CSR reflects a commitment to responsible business practices that benefit both the company and society as a whole.