Corporate social responsibility (CSR)

Corporate social responsibility (CSR) is a concept whereby businesses consider their operations' social, economic, and environmental impact. It involves investing in initiatives that promote the good of communities, their employees, and the environment. CSR goes beyond legal obligations, aiming to use business as a force for good.

Organizations must meet specific regulations and standards, but in today's world, more than fulfilling these requirements alone is required to constitute responsible business behavior. Companies should consider their contribution locally, nationally, and globally to the environment through positive environmental and social initiatives. 

In the most basic sense, CSR is about positively impacting the communities where a company operates, developed as companies grow in size and markets expand. It goes beyond simply donating money to a commitment to make a difference actively. When corporations embrace CSR, they demonstrate their commitment to social and ethical values to the public and critical stakeholders and become more trusted within their communities. On the other hand, when corporations don't embrace CSR, they threaten the society they should be supporting, making it more challenging for sustainable companies to maintain their integrity in the future.