CORPORATESOCI
ALRESPONSI
BILI
TY
Corpor at
esocialresponsi
bili
ty(CSR)isasel f
-regulati
ngbusinessmodel thathel psacompany
besoci al
lyaccountable—t oitsel
f,i
tsstakeholders,[Link]
ngcor por
ate
socialresponsibi
li
ty,al
socall
edcor poratecit
izenship,companiescanbeconsci ousoft heki
nd
ofimpactt heyarehav i
ngonal laspectsofsoci et
yincludi
ngeconomi c,social,and
[Link] nCSRmeanst hat
, i
nthenor malcourseofbusi ness,acompanyi s
operatinginway sthatenhancesocietyandt heenv ir
onment,inst
eadofcont ri
butingnegati
vel
y
tothem.
socialresponsibil
it
yisabroadconceptthatcant akemanyf ormsdependi ngonthecompany
[Link] ograms,phil
anthropy,andvolunteereff
orts,
businessescan
benefi
tsocietywhi l
eboostingthei
rownbr [Link] mport
antasCSRi sforthecommunity,
iti
s
equall
yv al
uableforacompany .CSRact i
viti
escanhel pfor
geast r
ongerbondbet ween
employeeandcor porat
ion;
theycanboostmor al
eandcanhel pbothempl oyeesandemployer
s
feel
mor econnect edwiththewor l
daroundt hem.
Inor derforacompanyt obesoci al
lyresponsi ble,itfir
stneedst ober esponsiblet oitselfandi ts
shar ehol
der [Link] t
en, compani est hatadoptCSRpr ogramshav egr ownt heirbusinesst ot he
pointwher et heycangi vebackt osoci [Link], CSRi spr i
mar i
lyast rategyoflar ge
corpor at
[Link] so,themor ev isibleandsuccessf ulacor porati
oni s,t
hemor er esponsi bil
ityit
hast osetst andar dsofet hicalbehav iorfori t
speer s,compet i
ti
on, andi ndustry.
CSRi saconcept
withmanydef ini
tionsandpr acti
[Link] tisunder stoodandi mplement eddi ff
er sgreat l
y
foreachcompanyandcount [Link] eov er,CSRi sav erybr oadconceptt hataddr essesmanyand
varioustopi cssuchashumanr i
ght s,corporategov ernance, heal t
handsaf ety,
env ironment al
effects,wor kingcondi ti
onsandcont r
ibutiont oeconomi cdev elopment .What ev erthedef initi
on
i
s,t hepur poseofCSRi stodr ivechanget owar dssust ainabil
it
y .somecompani esmayachi ev e
remar kableef fort
swi t
huniqueCSRi niti
atives,i
ti sdifficulttobeont hef orefr
ontonal laspect s
[Link] deri
ngt his,t
heexampl ebel owpr ov i
desgoodpr act i
cesononeaspectofCSR–
env i
ronment al sustainabil
i
ty .
publi
candprivat
esectorint
egrat
ionplaysakeyroleindevel
opi
ngal ong-t
erm conceptofCSR.
Iti
sanindi
sputabl
efactthatthey
out hhol
dthefutureofagenerat
ion,t
herefor
et hei
r
commitmentinconsol
idati
ngCSR- r
elat
edacti
vi
ti
eshel psboost
sorganisat
ions'cust
omerbase.