Question

Corporate social performance definition and importance

Answer 1

Corporate social responsibility (CSR) is the use of a business's resources to respond to help solve social problems and achieve social goals. An example of a company practicing good CSR is Prime Five Homes that builds sustainable homes which use less energy.

Answer 2

Explanation:

➡️ Defination :Corporate social performance (CSP) refers to the principles, practices, and outcomes of businesses' relationships with people, organizations, institutions, communities, societies, and the earth, in terms of the deliberate actions of businesses toward these stakeholders

➡️ Corporate social responsibility (CSR) is a broad term used to describe a company's efforts to improve society in some way. These efforts can range from donating money to nonprofits to implementing environmentally-friendly policies in the workplace. CSR is important for companies, nonprofits, and employees alike.