What are some examples of corporate social responsibility?
Corporate social responsibility (CSR) includes various practices. For example, companies might engage in environmental sustainability, community development, or ethical labor practices.
Can you give me a specific example of a company practicing CSR?
Sure! Starbucks is known for its CSR initiatives, such as ethical sourcing of coffee, reducing waste, and supporting local communities.
How does CSR benefit companies?
CSR can enhance a company's reputation, build customer loyalty, and attract talent. It can also lead to cost savings through sustainable practices.
What are some challenges companies face in implementing CSR?
Challenges include balancing profit with social goals, measuring impact, and ensuring stakeholder engagement.
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