What is corporate social responsibility?

What is corporate social responsibility?

Corporate social responsibility (CSR) refers to a company's commitment to conducting business ethically and contributing to economic development while improving the quality of life for its workforce, their families, the local community, and society at large.

Why is CSR important for businesses?

CSR is important because it helps businesses build trust with consumers, enhances brand reputation, and can lead to increased customer loyalty. It also encourages sustainable practices that can benefit the environment and society.

Can you give examples of CSR initiatives?

Sure! Examples include reducing carbon footprints, supporting local communities through donations, and implementing fair labor practices.

How can a small business implement CSR?

Small businesses can implement CSR by engaging in community service, sourcing materials sustainably, and being transparent about their business practices.