What Is Corporate Social Responsibility?

CSR (corporate social responsibility) is a self-regulatory business model that enables a firm to be socially responsible—to itself, its stakeholders, and the general public. Companies may be aware of their influence on all elements of society, including economic, social, and environmental, by exercising corporate social responsibility, also known as corporate citizenship. CSR refers to a company’s decision to operate in ways that benefit society and the environment rather than harming them in the regular course of business. CSR is vital for the community, but it is also vital for businesses. Employees and companies may form a stronger relationship through CSR initiatives, which may increase morale and make both employees and employers feel more connected to the world around them.