Question

Corporate social responsible act was first made by

Answer 1

Corporate social responsibility (CSR, also called corporate sustainability, sustainable business, corporate conscience, corporate citizenship or responsible business)[1] is a type of international private business self-regulation.[2] While once it was possible to describe CSR as an internal organisational policy or a business strategy, that time has passed as various international laws have been developed and various organisations have used their authority to push it beyond individual or even industry-wide initiatives. While it has been considered a form of corporate self-regulation[3] for some time, over the last decade or so it has moved considerably from voluntary decisions at the level of individual organisations, to mandatory schemes at regional, national and even transnational levels.

Answer 2

Corporate Social Responsibility (CSR) is generally understood in a broader sense, as a self-regulatory mechanism, whereby a business entity monitors and ensures its active compliance with the spirit of the law, ethical standards and international norms.