What is csr: What is Corporate Social Responsibility

What is Corporate Social Responsibility? Corporate Social Responsibility (CSR) means the continuous commitment of a company that meets or exceeds the ethical, legal, and commercial expectations of society. Basically, it is what businesses give back to society for taking its natural capital or resources, including geology, soil, minerals, water, and more. Corporate Social Responsibility (CSR) is commonly defined as a business model in which companies integrate social and environmental concerns in their business operations and interactions with their stakeholders instead of only considering economic profits. CSR became mainstream in the 2000s. The UN Global Compact and the Global Reporting Initiative cover the main international standards of CSR. Corporate social responsibility (CSR) is the idea that businesses should operate according to principles and policies that make a positive impact on society and the environment. The concept of Corporate Social Responsibility (CSR), introduced through Companies Act, 2013 puts a greater responsibility on companies in India to set out a clear CSR framework.