What is Corporate Social Responsibility (CSR)? Definition & Examples

Corporate social responsibility (CSR) refers to a company's commitment to act in an ethical and responsible manner towards its employees, customers, shareholders, and the environment. CSR involves taking conscious steps to contribute to sustainable development and address social and environmental issues. It includes initiatives such as reducing carbon emissions, promoting diversity and inclusion, supporting local communities, and ensuring fair labor practices. The aim of CSR is to create a positive impact on society while also benefiting the company's bottom line.