Corporate Social Responsibility

What is Corporate Social Responsibility?

Corporate Social responsibility is a management practice to play a positive role in the community. It is a business model by which companies make an effort to operate in ways that enhance society and the environment. It helps a company be socially accountable to the public, stakeholders, and to the company itself. CSR helps in improving various aspects of society and also promotes a positive brand image of the company.

Corporate Responsibility programs are a great way to increase morale in the workplace.

Corporate Social Responsibility is usually broken into four categories:

• environmental impacts
• ethical responsibility
• philanthropic endeavors
• financial responsibilities

Benefits of Corporate Social Responsibility

• Brand Recognition
• Investor Relations
• Employee Engagement
• Risk Mitigation

Also, See: Intellectual Property