Corporate Social Responsibility (CSR): Definition, Examples & Importance

Corporate social responsibility (CSR) is a concept that refers to a company's obligations and responsibilities towards society and the environment. It involves the integration of ethical, social, and environmental considerations into a company's business operations and decision-making processes. The aim of CSR is to create value for all stakeholders, including customers, employees, shareholders, communities, and the environment. Some examples of CSR activities include implementing sustainable business practices, supporting community development initiatives, promoting diversity and inclusion, and contributing to environmental conservation efforts.