CSR stands for Corporate Social Responsibility.
|Full Form||Corporate Social Responsibility|
|Category||Business » Business Terms|
What is CSR?
Corporate social responsibility (CSR) is a corporate strategy that focuses on meeting the needs of society and the environment.
There are different types of CSR, but all of them have one common goal: to improve the quality of life for people who live in or around companies’ operations.
Some of the ways that companies can improve the lives of people around them include:
Creating jobs: Companies that do good things for society and the environment often create a lot of jobs. This helps to reduce poverty and inequality and boost the economy overall.
Providing education and training: Companies that do good things for society often provide educational and training opportunities for their employees. This helps to improve the skills of workers and keep them healthy.
Supporting community initiatives: Many companies donate money or resources to community initiatives. This helps to improve the quality of life in local areas, while also giving companies positive publicity.