What is Corporate Social Responsibility (CSR)?
Corporate social responsibility also known as CSR refers to forming corporate business persona and integrate it into a business model.
Importance of Corporate Social Responsibility (CSR)
The advantages are on a global scale since one initiative can contribute to a life changing environment.
Corporate social responsibility (CSR) is a business practice that involves participating in initiatives that benefit societies. CSR is becoming more prominent and embedding core elements of it will create a shared value for businesses and cultures.
Technology has brought global connectivity to where redefining the word “social” has a meaning more than just to participate and be part of the world. It has moved people to establish sustainability for the creation of a better humanity.
Being responsible not only for surroundings but also for the next generation to come means people are the planet and we are the revenue to mainstream.
Types of corporate social responsibility
CSR widens a variety of tactics and strategies, from giving nonprofit organizations a portion of a company’s internal investments to establishing policies that help governments.
Here are a few of the broad spectrum of categories of social responsibility that businesses are practicing:
Environment: a primary focus is where we live and what we do to protect our environment. Businesses, both large and small, have a large recycle footprint. Any steps they can take to reduce pollution is considered both good for the company and society as a whole.
Philanthropy: Businesses contribute and care. Corporations get involved in practices by donating to national and local charities. Whether it involves giving money or time, businesses have a lot of resources that can benefit charities and local community programs.
Ethics: By treating employees fairly and ethically, companies can also demonstrate their corporate social responsibility.
Today is today, what is tomorrow? We can do it together with you.